Frequently Asked Questions
Let's take a look at some common questions, as answered by advisor/founder Tyler Linsten:
Further questions? Please don't hesitate to ask me at tyler@aldercovecapital.com.
Or check out What I Believe.
Or quickly schedule a chat here.
These terms refer to how this advisory firm is set up.
Independent: This means Alder Cove Capital, LLC is not a subsidiary of any larger entity. I own the firm and I work for clients - they're the boss. No one else calls the shots.
Fee-only: This means the only way the advisory earns revenue is through client portfolio management or financial planning fees. There are no commissions, no trailing 12b-1 fees, no product referral kickbacks, no BS.
Fiduciary: Set up as a Registered Investment Advisor firm in Washington State, this advisory has a legal requirement (a fiduciary duty) to put client best interest first.

A detailed pricing page with calculator can be found here.
For ongoing portfolio management, clients pay a fee (broken up quarterly), based on the assets managed, at 0.50% per year.
Prices for one-time financial planning engagements vary based on complexity and are negotiable.
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, where excessive risk could be an incentive. 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, or get pricing estimates here.
Never, at any point, do I take custody of client assets. Betterment Advisor Solutions and Schwab Advisor Services are the third-party custodians I work with to maintain your accounts if you opt for ongoing portfolio management services. If we work together on a one-time planning project then there's no need to transfer any assets to a custodian as I would simply give you my recommendations. Betterment for Advisors and TD Ameritrade Institutional work with independent registered investment advisors, like Alder Cove Capital, LLC, and they provide my clients and my business with timely, tailored service.
Clients only send deposits or transfers directly to their custodian. I am simply authorized to allocate and manage their investments. Betterment for Advisors and TD Ameritrade Institutional 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.
Every client is different so we start by taking a look at the bigger picture of your financial assets while comparing your long-term goals to how your current savings, income and expenses may or may not have you on track. I seek to get everything organized in on central spot - your client website - so we can then allocate your investments properly and work on financial planning objectives. It is paramount you are properly allocated according to your ability and willingness to tolerate risk. 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 an agreement detailing our arrangement. I avoid complex financial instruments and a typical client will have a globally diversified mix of stocks, bonds and shorter-term cash and fixed income. 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.
I like to work with regular, hard-working people ready to get their hands a little bit dirty when it comes to reaching their goals. There will be forms to fill out, documents to gather, questionnaires to fill out and there might be some new technology to learn. But there is major "sweat equity" created when clients take ownership of their financial lives.
I get a huge kick out of reversing the trend of high-cost, low-value financial "advice" one client at a time.