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How do your services differ from those offered by larger financial institutions?
Resolute Financial differentiates itself from large financial institutions in the following ways:
- We work for you, we are fee-only. Click here for “How do you define fee-only”
- If you choose to work with a financial products company, the salesperson/adviser you speak with works for the company, NOT FOR YOU. The result pits you versus the company. Many people say that financial advisers are all the same, however, when you speak with us, you are not the subject of meeting any sales goals. Consider this: Is your adviser acting as your fiduciary**?
- We are a regional firm, operating in two locations on the North Shore of Massachusetts, staffed with NAPFA Registered CFP® practitioners, the highest standard in our business.
- We are independent, professional, objective, and serve as your fiduciary.
Can you help clients save money?
Yes, in many ways! *Reduced investment fees and expenses, *Avoiding inappropriate investments, *We don’t incur high transaction fees by chasing “hot stocks”. We can demonstrate the savings to you during our introductory meeting. Our fee structure is typically less than the costs built into investment company fees, and in addition we provide ongoing financial planning.
Do you provide investment management?
Yes. Investment management is included in our personal Wealth Management service, which integrates ongoing financial planning and investment management. However, all potential trades are discussed with and approved by our clients before being made.
Do you sell investment and/or insurance products?
No. As a fee-only firm, Resolute Financial does not sell any type of investment, insurance, or other financial product. Our success is not contingent upon selling products, and we are able to discuss unbiased choices for investment products. Your success is based on receiving exceptional advice and service.
Do you take custody (control) of investment assets?
No. All accounts and assets are held in your name at an independent financial custodian. Many of our client’s accounts are with Fidelity Investments, however, we will work with other institutions if they are more appropriate for your circumstances.
Do you provide advice regarding exercising stock options?
Yes. Every stock option exercise involves overlapping issues of taxation, investment allocations, and cash flow, which we can integrate with your overall planning.
Is financial planning only for the wealthy?
No. Anyone seeking to gain control of their personal finances, improve their ability to meet financial objectives, or enhance their peace of mind can benefit from financial planning.
Do you require minimum investment amounts?
No. We do however, require an Agreement with the client to fully engage in the financial process. The Wealth Management Agreement confirms the commitment, and allows us to deliver services at a cost that can provide significant value to the client. If we cannot provide significant ongoing value, we will not waste your time or ours.
What is your investment philosophy?
We believe in asset allocation, broad diversification, disciplined long-term investing, and that an investment’s individual risk and return attributes must be considered in light of other portfolio holdings. We focus on long-term market fundamentals and avoid speculating on hot stocks, current 5 star mutual funds, or the ‘new economy’ business sectors.
We understand that each investor’s risk tolerance is unique. The greatest risk an investor faces is the risk of not meeting his or her goals. Our portfolios are constructed to achieve your goals.
What type of investments do you recommend?
It depends on each investor’s circumstances. For the equity portion of a portfolio we generally use no-load mutual funds. However, we may recommend exchange traded funds, or other investment vehicles if appropriate for your circumstances.
The fixed income portion of a portfolio is affected by many factors, including your liquidity and income needs, income taxes, time horizon, the economic environment, and personal cash flow. Depending upon these factors, we may use no-load bond mutual funds or individual bonds.
How do you charge for your services?
We offer a flat-fee structure. The fee is based on the scope and complexity of your needs. You will receive a firm quote before any planning, or investing, is commenced. Billings are charged on a quarterly basis.
Will you work with my other advisors?
Yes. If you are currently working with other advisors – an accountant or attorney – we will be happy to coordinate planning efforts in order to provide you with a complete solution to your needs.
** for more information visit: www.FocusOnFiduciary.com |
