Frequently Asked Questions
How much will it cost?
This will depend on your individual needs and the extent of the work required. Generally an estimate can be given at the time of engagement.
- For asset management, we charge an annual percentage fee that is based on the amount of assets we manage. (Individual accounts for members of the same family, defined as husband, wife and dependent children, are assessed fees based on the total account balance of all family accounts.) Additionally, clients may pay transaction costs, account maintenance fees, custodial fees and other costs associated with maintaining an account at a broker/dealer and buying and selling securities.
- For hourly work (i.e. complete financial plans) the amount charged depends on the scope of the engagement and the amount of time involved.
- 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.