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529 College Savings Plans

When you ask people what matters most to them and their family, education is usually pretty high up on the list of priorities. However, the costs of education continue to outpace inflation requiring many to get deep into debt. A college 529 plan is one of the gold nuggets that the IRS has left for investors. You contribute to the plan with pre-tax dollars and then it grows tax free. As long as withdrawals are for educational purposes, you will never pay tax on the money.

Unlike IRAs, 529 plans offer flexibility in funding, allowing you to contribute as little as a few hundred dollars, or tens of thousands should you desire a lump sum investment. Many people think, “What if I set up an account for little Johnny and he never goes to college?” As the trustee or owner of a 529 account, you can change the beneficiary at any time and for any reason. This means that if Johnny does not go to college, but Susie does, you can use the money for her. These accounts can continue through generations should you choose to pass them on.

Can you think of a better use for discretionary money than to provide educational opportunities for your posterity?  Let us help you plan for your children’s education today!

Brokerage

We are pleased to offer brokerage services through Questar Capital and Pershing. Pershing has been offering comprehensive brokerage execution and clearance services since 1939. As advisors, we can help you build a unique portfolio tailored to your specific goals. With a brokerage account, you have the ability to purchase stocks, bonds, mutual funds ETF’s and more. We can help you establish a Qualified or Non-Qualified Brokerage account with competitive rates.

Mutual Funds

A Mutual Fund is an investment company that hires one or more investment advisors to build a portfolio of stocks, bonds or other assets. The fund managers must outline the fund’s objectives and invest accordingly. Mutual funds offer a way to diversify your portfolio by allowing you to effectively own hundreds of companies in one fund. There are over 8000 Mutual funds, how will you know which one is right for you?

Morningstar, the largest rating company for mutual funds, recently released an article indicating that fees were the single greatest indicator of long term returns. Mutual fund fee structures can be somewhat complex and are often expressed in a percentage or partial percentage (aka “bps” or “basis points”). All mutual funds have an annual expense ratio, or percentage that you will pay to for the management and operation of the fund. This can range from 15 bps to 2 percent of your account balance each year. In addition, there may be a sales charge or “load” that is paid to your advisor when you purchase new shares. Many advisors will work on a “fee-based” arrangement whereby you will not pay loads or commissions, but instead will charge a percentage fee, normally around 1%. Because fees are so important to total returns, it is important that you are aware of them and that your advisor is transparent.  Our job is to make sure that we find you a fund that matches your goals and will provide value through solid performance and a low fee structure.

We can help you define your goals, put a system into place that will account for uncertainty, and help you stay the course to accumulating the wealth you need to maintain your lifestyle.

Wealth Accumulation & Preservation 

There is no magical way to earn a fortune overnight, but there are time tested principles of success. Consistent purchases of prudent investments will more likely lead to long term success than risky ventures. With all that has happened recently in the financial markets, you may be wondering if your strategy will be successful in the long term?

We can help you define your goals, put a system into place that will account for uncertainty, and help you stay the course to accumulating the wealth you need to maintain your lifestyle.

Fee Based Wealth Management

Financial Advisors today derive compensation in one of two ways: “Commissions” or “Fee-based.” A commissioned advisor will receive compensation based on transactions. For example, when you buy a mutual fund, it may have a “Load,” which is a percentage of the purchase that will go to the advisor directly from your purchase. However, fee-based advisors will assess a wrap fee (normally around 1%) that will directly come out of your account but you will not pay for individual trades or sales charges. In some cases a fee-based structure may actually be more expensive than commission based structure, but it does provide simplicity and ties the advisor compensation directly to account performance.

Depending on your account value, your expected duration, and the objectives of your investment, fee-based asset management may be right for you. There are several portfolio options available ranging from a traditional asset allocation to strategic or tactical money management. These advanced portfolio options can increase diversification, not only of asset types, but of investment strategies.

Contact us to learn about whether fee-based asset management is right for you!

 

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck