147 North Shippen Street
that means crystal clear fees and 100% transparency
We are here to SERVE our clients! We do NOT sell financial products, which means ZERO commissions and NO bullarky. We get paid for our advice.
There are many important factors to consider when you select a financial professional AND how that financial professional is COMPENSATED should be one of them.
This financial professional holds a Series 6 or 7 license and matches buyers and sellers of securities (places trades and sells investment products). The investor pays for these services in the form of commission paid on purchase or sale of securities. Products for commission-based brokers include financial instruments such as insurance packages and mutual funds, and sometimes stocks/bonds.
For a commission-based advisor the more transactions he/she completes the more he/she gets paid, which could and usually does present a conflict of interest. Beginning June 30, 2020, these individuals must follow the Best Interest standard of care, which requires them to "act in the best interest of the retail customer at the time of the recommendation is made, without placing the financial or other interests of the broker-dealer ahead of the interest of the retail customer."
This financial professional holds a Series 65 or 66 license and investment advice and effecting securities transactions for clients for a fee, typically a percentage of assets under management or a fixed rate. In theory, there should be limited conflicts of interest between investment advisors and their clients because the advisor will only earn more if the clients’ asset base grows as a result of the advisor’s recommendations and securities selection, but one can not forget they report directly to the Broker-Dealer.
They must follow a Fiduciary standard of care, as outlined by the Advisor Company Act of 1940, which means they have a fundamental obligation to act in the best interests of their clients and to provide investment advice in their clients' best interests.
This financial professional holds a Series 65 license and provided investment advice to clients for a fee, typically a percentage of assets under management or a fixed rate. There are very limited conflicts of interest between investment advisors and their clients, because the advisor will only earn more if the clients’ asset base grows as a result of the advisor’s recommendations and securities selection.
A fee-only approach is best for people looking for unbiased, independent advice. We do not accept commissions on or sell any financial products. By operating under a fee-only investment management platform, we are able to enjoy and provide several distinct advantages to our clients:
We are a Fiduciary with a duty of loyalty and care, so we must act in the best interest of our clients.
We are legally bound to this standard, “the highest standard” possible.
When clients work with us, they know exactly what they are paying for and what we are earning for the services we provide.
In addition, avoiding conflicts of interest is important when acting as a fiduciary, and it means that we disclose any potential conflicts to placing the client’s interests ahead of our own.
Our clients rest easy knowing that when we make a recommendation, it is based solely on our evaluation of quality and how we believe it will benefit them. We have the freedom to be totally objective in our investment recommendations.
Our clients are able to move in and out of positions without being “trapped” in a particular investment due to costs. There are no front or back end sales loads imposed within our fee based accounts. Our clients are able to purchase no-load investments and investments that would normally have a sales charge, on a no-load basis.
The investments we use with our clients generally have lower internal expenses than the equivalent commission based alternatives. Because there are no layers of expense to pay a commission, more of our client’s money gets to work.
Every family, business owner and business is distinct, and we believe anyone who values professional expertise should have the ability to work with us. In other words, we do not have an assets under management minimum like most firms out there. We think that’s wrong and we don’t think it serves those individuals, who probably need the most help.
The program that best fits your needs will primarily depend upon your desires, your level of assets and your desired frequency of meetings.
To serve our clients’ unique situations and needs, we offer three distinct fee programs:
This program is designed for specific needs with less frequent engagement.
This is a comprehensive program with a moderate level of engagement.
This is our most comprehensive program with a frequent level of engagement.
Before we ever start working together, we spend time discussing our programs, so you gain a full understanding of your choices. We explain the features and the differences between each program, so that you can make an informed decision about how best to work with us.
Take this self-guided quiz:
Score:If you answered YES to 2 or more questions, then YOU PREFER A FEE-ONLY FINANCIAL PROFESSIONALIf you answered YES TO <2 questions, then YOU PREFER A COMMISSION-BASED FINANCIAL PROFESSIONAL