In our business, transparency and disclosure are the foundations for trust and confidence.
It is important to understand how financial professionals are compensated for services. It is an irrefutable fact that the more you pay in commissions, mutual fund expenses, bid/ask spreads and fees, the less you make on your investments over time. Why pay more?
We typically do not charge any fees to prospective clients until they decide to become clients. We want folks to be comfortable with our approach and service offerings. We understand that there is a decision and thought process. In some instances, it has taken as many as three meetings and often includes a few phone calls to clarify points of our service before a client comes on board.
The ultimate goal is to empower our clients to make sound financial decisions and to provide advice driven solutions. My services for planning and investment management are fee-only, compensation from the client. Compensation from clients (fees) represents the majority of revenue for the firm. With regard to risk management, should the need for an insurance product arise, i.e. life insurance, disability insurance, LTC, etc., we assist with the recommendations and the client always has a choice of how to implement and purchase insurance products. Our view is that all conflicts of interest should be managed, discussed and disclosed.
Disclosure The thoughts, views and opinions expressed on this site are those solely of Matthew D. Peck and do not necessarily represent those of Amicus Financial Advisors, LLC (“AFA”). The intended use for this website/blog site is for educational and/or entertainment purposes only. Matthew D. Peck is an Investment Adviser Representative and partner of AFA, LLC, an investment adviser registered with the United States Securities and Exchange Commission. This website is for informational purposes only and does not constitute a complete description of the investment services or performance of AFA. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance.