As your portfolio grows, the importance of managing risk likely becomes more and more important. Loss aversion is a cognitive bias that suggests the pain of losing is psychologically twice as powerful as the pleasure of gaining. Matching the composition of your portfolio to your risk tolerance and risk capacity is a foundational step in establishing our relationship with you. How much risk can you afford?
Insurance is a powerful – yet complex – tool for mitigating the unexpected in life. Many forms of insurance can offer high coverage for relatively low premiums but putting all the myriad puzzle pieces together can be tedious and complicated. Our comprehensive approach to wealth management includes an insurance review and recommendations.
In the words of Nobel Prize laureate Harry Markowitz, “diversification is the only free lunch” in investing. True diversification requires combining more than just stocks and bonds. Our approach is open-minded and seeks to combine a variety of assets that help us achieve more diversified portfolios.
We don’t have a fixed minimum investment level. That being said, our team puts a lot of work into creating customized wealth strategies for each of our clients. If asset levels are too low, our costs might not make sense for you. We typically work with clients with investable assets in excess of $1 million, but we also work with many younger investors with high incomes and aggressive savings goals.
Our cost is structured as a percentage of assets under management, charged in arrears on a quarterly basis. The cost schedule is variable based on the level of assets and the scope of our work. We believe in full transparency. As a result, you clearly see what we are being paid for the value we provide. We do not receive any hidden fees or other forms of compensation. Finally, there are no lock-ups or penalties if you decide to go in a different direction.
The account opening process is handled by our skilled client service team who does all the heavy lifting. Onboarding occurs after we’ve gone through the financial planning process, mutually determined that we are a fit, and have agreed on your wealth strategy.