Frequently Asked Questions:
I have passed all three levels of the CFA Program. The CFA Institute designs its exams with a rigorous focus on ethical and professional standards. Have a question? Just ask! I’m happy to talk all things finance with anyone. There’s no shakedown or sales pitch here.
I offer one-time financial planning services for a single flat fee ($750), as well as ongoing portfolio management services.
For ongoing portfolio management, clients pay a yearly fee (broken up quarterly), based on the assets I manage, at just 0.50% per year. I say “just” because that’s roughly half of what the average investment advisor charges. The maximum charge any client will pay is $900 per quarter – and the minimum is $150.
I prefer to try to charge as little as possible, instead of as much as possible, because I know how excessive fees will eat away at investment returns. My commitment to minimizing the fees you pay on your investments does not come with an asterisk.
The only compensation I receive comes from client fees. I am not paid by any mutual fund companies to sell you their expensive products, nor do I receive any referral fees and I have even taken careful steps to avoid obtaining licenses that allow me to sell products based on commission. Further, I receive no compensation based on performance. The only way I create income is by establishing a long-term advisor/client relationship where we work together to meet your long-term financial goals. Too much effort, and wealth, is wasted on short-term thinking.
More detail on fees can be found here.
Never, under any circumstances, do my clients send me a check for deposits – I am simply authorized to allocate and manage your investments. Betterment for Advisors and SSG act as third party custodians and they also provide clients with the ability to view their accounts online at any time on the web or with their mobile apps. You can view Betterment’s site here, and you can view SSG’s here.
Most financial mistakes are purely psychological biases so it’s important I get to know what makes clients tick and only then can we begin to effectively measure and reach goals. I do not run a mutual fund (where racking up expenses while trying to beat the market, and usually losing, is the norm) – in fact, most of the time we opt to invest WITH the market instead of trying to beat it. If after our initial meeting you want to move forward then we simply sign a contract detailing our arrangement. I avoid complex financial instruments and a typical client will have a mix of stocks, bonds, index funds, ETFs and/or CDs. The official Form ADV Part 2A “brochure” for Alder Cove Capital, LLC can be found here. This document will provide much of the same information as a client investment advisory contract.
Further questions? Please don’t hesitate to ask me at firstname.lastname@example.org or by calling 206.290.0759.
Or check out What I Believe.
Or see what kind of technology I use with clients.
Or quickly schedule a chat here.