New Residents Choose Fee-only Firm: Arbor Wealth serves new arrivals and locals

Published: Thursday, October 18, 2012 at 16:33 PM.

Arbor Wealth: No more than with a new client who is a long-time resident, really. 

Question: Are new arrivals familiar with the “Fee-Only” investment advisory model?

Arbor Wealth: Yes. Many are currently working with a “Fee-Only” Firm back home and are actively seeking another “Fee-Only” relationship. “Fee-Only” firms are more common in larger urban areas, so newer residents hailing from larger cities are generally familiar with this advisory model.

Question: How does a “Fee-Only” firm like Arbor Wealth differ from a wirehouse or broker-dealer?

Arbor Wealth: In several ways.  One, we don’t sell any products.  Two, we don’t accept commissions from any source. We are compensated solely by our clients. Third, we have no proprietary interest in any investment. And lastly, we serve as a fiduciary to our clients. We call it a “conflict-free” investment advisory philosophy. The client never has to worry about whether the advisor is offering a course of action that is good for the advisor, but not necessarily for the client.

Also, we are discretionary asset managers, which means that after we establish the client’s goals and risk tolerance, we simply go to work on their behalf. We actively manage and monitor the portfolio.

Question: What is a fiduciary?



1 2 3
Next

Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

COMMENTS
▲ Return to Top
 

Local Faves