Fee-based advice reduces the potential for conflicts of interest and creates a common goal for both the client and advisor. Having a common goal creates a “same side of the table” relationship. Asset-based fees serve as an incentive for our advisors to preserve investor assets and make them grow. Our fee-based platform puts us on retainer for additional financial advice. We hold ourselves to a fiduciary standard to always work in your best interest.
Your various investments are consolidated into a single account, when possible. The fee is billed and deducted from the account quarterly, in advance. Adjustments for withdrawals and deposits are made at the next billing. Accounts are managed on a discretionary basis, based on your financial goals and risk tolerance. Allowable investments are governed by your personal Investment Policy Statements (IPS) and the Advisory Agreement. The primary investment vehicles are Mutual Funds, ETFs and some individual Stocks and Bonds.
There are no commissions or sales charges assessed on trades in your account. A nominal processing fee is assessed on most transactions.
While it is preferred that our clients allow at least 3 to 5 years to fully evaluate the benefits of our fee-based program, there is no commitment. Your account is fully liquid and the program can be cancelled at any time with written notice.
You will receive a confirmation by your choice of mail or electronic communication for all trades that occur in your account. A monthly statement indicating your current balance and all activity for the time period will be provided to you. In addition, a quarterly performance evaluation is produced which illustrates the investment return for your account over various time periods – quarterly, by calendar year and “since inception”.