Mangrove Advisors, LLC

Mangrove Advisors, LLC provides financial planning and wealth management services to individuals, families, and business owners, covering topics such as cash flow, retirement and estate planning, insurance reviews, and investment advice. The firm’s brochure notes an initial exploratory consultation is complimentary and that services are delivered under a written advisory agreement, and also states that, as of the ADV filing, it did not manage client assets.

The firm combines fundamental analysis, passive indexing, modern portfolio theory, long‑term holdings and occasional short‑term trades, and typically recommends mutual funds, ETFs, REITs, equities and fixed income while also advising accredited clients about private and alternative investments. Mangrove operates on a non‑discretionary basis—seeking client approval before executing trades—and does not charge performance‑based fees.

What is distinctive relative to many peers is the firm’s mix of fee arrangements: alongside a standard percentage‑of‑AUM schedule, the brochure discloses fixed fees for financial plan construction ($3,000–$10,000) and hourly consulting fees ($400–$500), an hourly consulting option that is less common among investment managers. The firm is structured as a small, single‑principal practice that participates in institutional custodian programs and typically requires clients to open custody accounts with major custodians, combining a non‑discretionary operating model with atypical, negotiable billing arrangements.