Updating Your Asset Management
Fee-Based Asset Management Client Needs a Minimum of $100,000
It can include just about any account: IRAs, 403(b)s, joint accounts, personal brokerage accounts, etc.
The fee depends on the size of your account and the complexity but is never higher than 1%. The larger the account, the lower the fee.
What Is the Process
We meet to talk about your goals and so I can get a snapshot of your current investments. I ask each of my soon-to-be-clients to take an online risk profile assessment so I can see whether your current investments match your goals and risk tolerance.
What Are the Accounts Invested In
The accounts are primarily invested in mutual funds and exchange-traded funds (ETF). All the funds have passed my rigorous due diligence process. Where I screen for fees, performance, fund turnover, and manager tenure.
If You Don’t Have $100,000 to Invest
My job is to give financial advice to all potential customers, so I am not one to turn away clients. Because my fee-based accounts need a minimum of $100,000 if you have less than this to invest I usually charge a commission or an hourly rate.
However, I use the same due diligence process for building your portfolio. I use mutual funds and exchange-traded-funds (ETF) that have passed mu due diligence process screening for low fees, historically competitive performance, low fund turnover, and long manager tenure.
I work with all type of account registrations: IRAs, Roth IRAs, 403(b)s, SEPs, SIMPLES, 529 Plans etc.
After your portfolio is set up, you receive monthly or quarterly statements, and you can follow your account online at CirStatements. The custodian for the accounts will be either Pershing, a bank of New York Mellon company or directly with the mutual fund family.
After I set up your account, periodically we met to check if the portfolio is on track to meet your goals and to check performance and discuss re-balancing.
Past performance is no guarantee of future results. Depending on the type of investments, there may be varying of risk. Investors should be prepared to bear loss, including total loss of principal. Diversification and asset allocation strategies do not assure profit or protect against loss.