About Us
Who We Are
We believe in delivering industry leading, scalable service to our clients at the best value. Our belief is that everyone should have access to comprehensive wealth management services without exorbitant advisory fees. Our role is to be your guide and to help you solve the issues, complexities, and challenges that may arise when managing your wealth.
We operate as a flat fee, fee-only Investment Advisor registered with the Securities Exchange Commission (SEC) and currently manage $670 million in client assets in over 40 states across the nation as of 12/31/2023.
Michael George, Founder
Flat Fee, Fee-Only
What Does Fee-Only Mean?
Fee only advisors do not accept any fees or compensation from brokerage firms, mutual fund companies, or insurance companies. Fee only advisors are compensated solely by their clients and, as a result, are able to provide advice that is free of conflict of interest. Advisors using the fee only compensation structure will vary by advisor (usually charging a percentage of assets under management, hourly, or annual retainer fees).
What is a Flat Fee Structure?
Flat fee structure protects you, the investor. Instead of charging a fee that is based on a percentage of assets under management, flat fee advisors utilize a cost-effective
compensation structure by charging a fixed dollar amount (flat fee). This approach yields exceptional advantages to high net worth investors, by not penalizing them for having larger accounts.
Our Approach
FPL Capital Management is one of the few flat fee, fee-only advisory firms in the nation. Unlike other flat fee advisors who only offer model portfolios to their clients, we have the ability to offer customized portfolios and comprehensive wealth management services. This value added service has allowed us to become one of the nation’s premier flat fee advisors. We believe in being fair and equitable to every client, regardless of the size of their portfolio. Annual fees range between $5,000 and $15,000, determined by the desired level of service.
Advantages of flat fee, fee-only investing:
- Objective advice, free of conflict of interest
- Significant reduction in annual fees for larger accounts
- Ability to generate above average performance and accept lower levels of risk
- Clients are not locked into an investment or advisory contract
- Complete transparency of investments and fees
- Total portability – clients can easily remove us as their advisor, while keeping their accounts with the custodian of their choice
Key Personnel
Michael George, Managing Director
As the Founder and Managing Director of FPL Capital Management, Michael George brings over 25 years of investment experience to his role designing and implementing the various model investment portfolios for the firm.
Michael began his investment career as a research assistant for a large institutional money management firm while studying for his Bachelor of Science in Finance from the A.B. Freeman School of Business at Tulane University. In 1992, he joined a boutique money management firm as an equity analyst. In addition to his research responsibilities, he also oversaw investment performance and accounting for the firm. Under his direction, he implemented the software applications and internal policies necessary to comply with the performance standards established by the CFA Institute. Michael has also served as a Financial Advisor for Morgan Stanley Dean Witter. His experience in areas of real estate investing, private equity investing and overseeing family offices attributes to the value he brings to clients who require affluent wealth management. He is also a member of the RIA Advisory Board of WisdomTree Investments, Inc.
Michael also sponsors an annual mentor/internship program for undergraduate business school students who desire a career in finance or investments. His program educates students on the various career paths and opportunities that exist in both the buy and sell side of the investment industry.
Virajith Wijeweera, AIF® Retirement Plan Director & Chief Compliance Officer
Virajith Wijeweera received his Bachelor of Science degree in Business Administration from the University of New Orleans. He also earned his Accredited Investment Fiduciary (AIF®) Designation in 2022. Attainment of the AIF Designation demonstrates understanding of the Prudent Practices® and methodology.
Since 2004, Virajith has been a key component in developing Michael George’s vision for FPLCM. As the Retirement Plan Director, Virajith is responsible for overseeing the firm’s qualified retirement plans division (iQ401k). He is also involved with the firm’s compliance management, business development, technology infrastructure management, and investment management strategy development.
Amanda Harrell, Director of Client Service & Development
As the Director of Client Service and Development, Amanda Harrell focuses on developing the client experience and supporting all aspects of client relations. Before joining FPL Capital Management, Amanda was a Financial Planning Associate and Registered Associate at Morgan Stanley, utilizing financial planning tools to address specific needs of clients.
Amanda earned her BA in political science from the University of New Orleans.