Consulting Services
The Investment Consulting arm of my practice provides investment advice and services primarily to private and public pension plans [401(k), 403(b)], SEP, SIMPLE, foundation and endowments, and other types of "institutional" accounts. I will provide the critical services of crafting an investment policy statement, establishing long-term asset allocation strategies, searching for appropriate money managers, monitoring portfolios, and constantly evaluating the chosen money manager's progress. I will stay with you and your employees after the process has been completed providing quarterly reports to help you understand how your investments are performing compared to your original goals, providing one-on-one investment education to the participant's in the plan, and reviews of your account periodically.
The Prudent Investment Management Process:
1) Analyze Current Position
2) Design Optimal Portfolio
3) Formalize Investment Policy
4) Implement Policy
5) Monitor & Supervise
In setting up a qualified retirement plan for private and public companies, such as a 401(k), 403(b), pension or profit sharing there are different types of investment provider platforms which a company can utilize. They are:
Multi-Manager Platforms:
These organizations tend to be insurance companies that purchase the investment management wholesale from many different investment providers and retail it to your company for use in your retirement accounts. This type of platform is chosen when you would like to see a wide variety of brand name fund choices.
Direct Mutual Fund at Net-Asset-Value:
These organizations are mutual fund companies such as American Funds, Fidelity, or Evergreen*, to name just a few, that are direct providers of money management. When this platform is chosen the fees are more competitive, but there is a requirement that a majority of the funds chosen belong to the fund family you have selected. There are less outside fund families on this platform.
Mutual funds are sold by prospectus. Please consider the investment objectives, risk, charges and expenses carefully before investing. The prospectus, which contains this and other information, can be obtained by calling your financial advisor. Read it carefully before you invest.
Self-Directed Brokerage:
This platform is for large individual or participant account balance, preferably in excess of $500,000 per participant in their retirement plan. An example of who might find this platform attractive would be medical practices with any number of doctors, or law firms with limited participation by the rank and file employees. This account is set up just like a traditional brokerage account allowing the participants to invest in mutual funds, stocks, bonds, and institutional independent money management or whatever the plan will allow.
Every plan requires Third Party Administration (TPA). A TPA can be provided to a plan either bundled or unbundled. Having a bundled plan means that the provider of the investment management is also providing your tax reporting and unbundled is when we hire an outside TPA who is not affiliated with the investment management.
Please Contact Us for our most recent performance numbers.
*Evergreen Investment Management Company, LLC is a subsidiary of Wells Fargo & Company and a separate affiliate of Wells Fargo Advisors.
|
