The answer lies in an investment philosophy that places a premium on a well-diversified investment portfolio and personalized attention. When you work with 1650 Wealth Management, you receive all the advantages and benefits of:
Diversification with Tax Aware Strategies
Our investment approach is similar to that of major endowments and large pensions. We extensively diversify our clients’ portfolios among various asset classes including: domestic and foreign stocks, bonds, real estate investment trusts (REIT’s) and structured investments. We take pride in creating and implementing custom, comprehensive investment management strategies, designed with the objective of growing and protecting our clients’ wealth while also remaining cognizant of potential tax ramifications.
Institutional Class Investments
We primarily utilize institutional share class mutual funds, exchange traded funds (ETF’s) and custom structured investments from large financial institutions. Many of the investments we utilize have high minimums; however, we have the ability to combine our clients’ assets to access these investments.
Independent and Objective Investment Advice
As an independent firm we have the ability to select from thousands of investment products and we utilize those which we believe will meet our clients’ goals and objectives. We are not constrained to a limited list of investment products.
Fiduciary Duty
We are held to a higher fiduciary standard than many financial advisors. We are required by law to act in the best interest of our clients at all times and to put the interests of our clients ahead of our own.
Experience
Our investment advisor has earned the Certified Financial Planner (CFP®) and Chartered Alternative Investment Analyst (CAIA) designations and has over 20 years of private wealth management experience. The clients we service include affluent individuals, professionals, small business owners, corporate executives, attorneys, doctors, retirees, widowers, and trust beneficiaries.
Fee-Only Compensation
We are committed to a fully transparent culture that places our clients’ financial interests first. We do not receive sales commissions from trades or from selling financial products. We do not receive referral compensation from third parties (CPA’s, estate planning attorneys, mortgage brokers, etc.). We only receive a management fee for managing our clients’ accounts.
Investment Protection
Our clients’ assets are held at Charles Schwab and our clients have 24-hour online access to their accounts. Accounts always remain in our clients’ names. We merely possess Limited Power of Attorney (LPOA) access which allows us to make trades on behalf of our clients.
Personal Financial Website
Our clients’ have complimentary access to their own custom personal financial website which provides a consolidated view of their entire financial household, with daily account updates, alerts and net worth reporting.