Our Asset Management service includes ongoing investment management tailored toward your individual goals. We assist you in building and maintaining a diversified portfolio that provides a reasonable return while managing risk. Asset management is typically appropriate for clients with simpler financial situations who are focused on accumulating assets. Services outside of investment management may be offered on an hourly or project basis.
The Asset Management process begins by assessing your tolerance for risk and determining an appropriate level of risk based on your long-term goals. We develop a written Investment Policy Statement (IPS) which acts as a guide to maintain discipline and focus in making investment decisions. We then develop a customized portfolio to provide reasonable returns while managing risk. After we review the portfolios with you and get your approval, we begin to implement the recommendations and manage your investments on an ongoing basis. We provide ongoing monitoring, rebalancing, and reporting along with annual reviews to fine tune your strategy based on your changing life goals.
Fees for Asset Management are based on a declining scale, beginning at an annual rate of 1.0% of investment assets under management. The minimum Asset Management fee is based on an account of approximately $500,000. This amount may be aggregated among employer, personal, and retirement accounts. The fee schedule is the same as the one for Wealth Management.
Though we do not offer it indiscriminately, some clients may be better served with a Retainer or flat-fee arrangement rather than a percentage of assets under management. Retainer service may include ongoing investment management or other financial services tailored toward your individual goals and needs. Depending on your situation, we may assist you in building and maintaining a diversified portfolio, with creating and managing a Retirement plan, or with any of the variety of services we offer.
The Retainer process begins by assessing your tolerance situation and determining the scope of services you desire. We will mutually agree on the services to be delivered and the responsibilities of each party before progressing with a Retainer service offering.
Fees for Retainer services are based on the scope of the services agreed upon.