- What types of clients do you advise?
- Are there any safeguards to my assets?
- How do you charge for your services?
- Can I view my account online?
- How often will we hear from you?
- Can I receive paperless statements?
- Do you invest in alternative asset classes?
- Will my assets be locked-up in a contract for any period?
- What if I need a cash withdrawal or distribution from my investment accounts?
- How can I know what you are buying for my portfolio?
- Is my account commingled with any other assets?
What types of clients do you advise?
We advise affluent families and individuals at all stages of life. Additionally, we work with family foundations. The principal commonality among our clients is a desire to improve their financial lives and reach their respective goals.
Are there any safeguards to my assets?
LPL Financial, the largest independent Broker Dealer in the United States1, is a public company listed on the NASDAQ (Symbol: LPLA). All of LPL’s financial statements are filed with the SEC and available to the public.
The LPL Financial SIPC Membership provides account protection up to a maximum of $500,000 per customer, of which $250,000 may be claims for cash. An explanatory brochure is available at www.sipc.org.
Through London Insurers, LPL Financial accounts have additional securities protection to cover the net equity of customer accounts up to an overall aggregate firm limit of $575,000,000 subject to conditions and limitations. The account protection applies when an SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments.
How do you charge for your services?
We charge an annual fee that is debited from your account each quarter. This fee includes the entire year of portfolio management, portfolio reviews, tax harvesting at year-end, 24/7 online account access, and comprehensive monthly statements.
Can I view my account online?
Yes, we provide 24/7 online account access to all of our clients so you can view your investment portfolio in real time.
How often will we hear from you?
As part of our commitment to strong communication, we reach out to all our clients to provide you with a thorough understanding of your portfolio, our strategy for your account and to ensure we stay apprised on any changes in your life. Of course, we encourage our clients to reach out to us whenever they wish!
Can I receive paperless statements?
Yes, when we sign you up for online account access, you can choose to “go paperless.” Our operations team will provide you with instructions on how to do so if you wish to take advantage of that option.
Do you invest in alternative asset classes?
Yes, we include alternative asset classes in portfolios for our clients. If we believe it is suitable for your objective and offers a compelling value, we will invest in them for you.
Will my assets be locked-up in a contract for any period?
No, there is absolutely no lock-up period for any accounts at Shrier Wealth Management. If you require your assets, they can be sold and cash can be provided to you in 3 business days.
What if I need a cash withdrawal or distribution from my investment accounts?
We make it easy for you to access your capital whenever you need it. Should you need a regular cash payment sent to your checking account, we will set up an electronic transfer of cash to your checking account at no charge. Additionally, should you require a one-time distribution of cash, simply contact us and we will be happy to send it to you via check or electronic transfer immediately.
How can I know what you are buying for my portfolio?
Each time we buy or sell an investment for your portfolio, you will receive an electronic or paper notification. Additionally, you are always welcome to login to your account online and view the changes in real time.
Is my account commingled with any other assets?
No. Unlike at a hedge fund, all assets are held in your individual account and are not commingled with any other client’s assets. As required by the SEC, LPL keeps client funds in separate accounts, distinct from the Firm’s own money. Securities held by clients are kept securely with the Depository Trust Company.
1As reported by Financial Planning magazine, June 1996-2015, based on total revenue.