The Fiduciary Responsibility means that the client's best interests must come first at all times. There can be no potential sources for conflicts of interest.
For example, a person working at a Broker-Dealer or Financial Planning company may recommend a mutual fund that offers them a better commission or is being promoted by their company. This fund may not be the best available fund for the client.
Specific recommendations on which mutual funds to own and how much of each of them.
Sophisticated tools are used to determine the relative strength of the funds available in your plan.
Changes are recommended as needed.
One on one portfolio performance review is held every 3 months.
Recommendations for initial positions and the timing for portfolio changes are determined by changing market conditions and are made as required. Value is enhanced by holding positions that are trending up and paring back on equities that are trending down.
This is in contrast to recommendations using a pre-set formula based on a person's age and waiting for an annual review to make any changes to get back to original asset allocations. This strategy leads to selling things that are moving up and buying more of things that going down.
A personal, one and one relationship is developed with each client.
There are no phone trees to go through when you make a call.
You speak directly with the person responsible for the performance of your portfolio.
Each portfolio is designed to meet each client's individual goals, risk tolerance, investing style and timeline.Separate portfolios and strategies can be developed for investing for the future (retirement, funding college tuition, buying a house), investing for income (regular withdrawals to fund retirement living expenses), and investing for short term growth.
Portfolio change recommendations are made as needed. There is no waiting for a quarterly or annual review.
Early warning signs are used to make modifications, frequently leading to partial increases or decreases in position size. This is contrast to an all in or out philosophy.
All of your assets are held by a custodian.
For 401K and 403B plans this is the current company who administers your plan and sends you statements. There is no need to change anything.
For IRA and Taxable Brokerage accounts the portfolios can be held at Fidelity or Interactive Brokers
I can make trades on your behalf, but I do not have access to your money.
Only the information needed to manage account is collected. Social Security numbers are not requested.
All personal financial information is kept confidential and will only be made available to regulatory authorities on written request.