Frequently Asked Questions
Who will hold my investments?
Charles Schwab & Co. is the custodian recommended for the assets managed by Planning for Wealth, LLC. Monthly statements will be provided to you directly from Schwab.
Charles Schwab & Co. may extend various discounts for services and products to us that may not be offered to other investment advisory firms. These discounts apply to products and services such as software, mutual fund transaction costs and seminar and conference fees. We receive no cash remuneration related to these discounts.
- What is comprehensive planning?
- Do I need a financial planner?
- What is a Fee-Only Planner?
- Why is fee-only compensation of critical importance?
- What is the difference between fee-only and fee-based financial planners?
- When do I pay income tax on a regular taxable account?
- What is an institutional fund?
- What is passive portfolio management?
- In layman's terms, what is the Modern Portfolio Theory?
- What is an asset class?
- What is a mutual fund?
- Why choose mutual funds over individual stocks?
- What is the difference between actively managed funds and index funds?
- If index funds serve up average returns, why have they been able to beat most actively managed funds that invest in similar securities over the long run?
- How does diversification lower my risk?
- What is the relationship between risk and return?
- Who will hold my investments?
- How much will it cost?
- How will I be billed?
Investing involves risk including the possible loss of principal. No guarantees of investment success can be offered or that a client's goals and objectives will be achieved. Investments will fluctuate and there will be periods where the investments may be worth less than the initial purchase value.