Important News For Our Investment Clients

Investment management fees have been reduced!

Effective January 1st of this year we reduced our fee for clients with aggregate account values of $1.5 million or more under our care. Beginning July 1st we anticipate fee reductions for clients with $500,000 or more under our care. We are able to do this by continuing to adopt and use new technologies effectively.


Reduced transaction fees lead to some revised allocations.

Recently Charles Schwab and Company reduced its trading fees for stocks and exchange traded funds to zero. (Other broker/dealers quickly followed.) As members of the Schwab Institutional class, our clients have always benefited from reduced Schwab fees; however, zero is better than “reduced”. As a result of this improvement we will be revising many of our clients’ IRA account allocations to take advantage of ETFs that previously had trading fees, but now do not. The strategy has not changed, but some of the particular securities will change. We will not be making substantial changes to taxable accounts because of possible recognition of taxable gains.


Referrals – we like them. Please note that when you recommend our services to someone you go immediately to the top of the list of our favorite people. Yes, you do.


Thought for the day: Why isn’t 11 pronounced onety-one?


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