Boards often think of risk in terms of loss of principal due to volatile investments. Yet this is just one end of the spectrum of risk. The other is the loss of purchasing power from the effects of inflation. Sound investment policy needs to balance these risks based on the organization’s specific needs.
Hightower Las Vegas has the skills and experience to help non-profit boards fulfill their fiduciary obligations. Our consultative approach helps boards build sound investment policy by focusing on the organization’s goals, constraints, spending policies, and other important factors.
*Disclosure: Nevada Childhood Cancer Foundation (NCCF) is a current client of Hightower Las Vegas. Jeff Gordon serves as the President / CEO of NCCF.
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.