With over thirty years of experience in the field of finance, there are many areas that we can provide honest, ethical and competent consultation. Here is a partial list, in no particular order:
College funds
Financial Planning
Retirement Planning
Investment Advisory Services
Municipal, corporate, and government bonds
Stocks, ETF's, and other securities
Basic Estate Planning
Mutual Funds
Term Insurance
Simple IRA, SEP-IRA and ROTH IRAs
401(k), 403(b), and IRA account rollovers
Puts, calls, and stock options
With over thirty years of experience in the field of finance, there are many areas that we can provide honest, ethical and competent consultation. Here is a partial list, in no particular order:
College funds
Financial Planning
Retirement Planning
Investment Advisory Services
Municipal, corporate, and government bonds
Stocks, ETF's, and other securities
Basic Estate Planning
Mutual Funds
Term Insurance
Simple IRA, SEP-IRA and ROTH IRAs
401(k), 403(b), and IRA account rollovers
Puts, calls, and stock options
In the field of investment management and, at our firm specifically, there are at least four paths to choose how to invest your hard earned money:
Fees are charged on every transaction – the charge to buy or sell a security is about $40, regardless of the dollar amount of the purchase or sale. We custody our clients’ assets with National Financial Services, LLC, (NFS) a wholly owned subsidiary of Fidelity Investments. Clients can view their account balances, positions, statements, etc. on the www.wealthscape.com website. There is no annual charge for this account, although NFS will charge a $50 inactivity fee on nonqualified (not retirement plans) accounts that fail to meet certain criteria. For qualified accounts such as IRA, ROTH IRA, Simple IRA, SEP-IRA, etc., NFS charges an annual trustee fee of $35.00.
Sometimes called a “managed account” or “fee-based”, this account model features discretionary trading by your advisor and an asset-based charge that is a percentage of the value of the account which is deducted from the account balance on a quarterly basis. Most brokerage firms and banks charge an annual fee of 1.40% to 2.00% for managing your brokerage account, which typically consists of stocks, bonds, mutual funds, exchange traded funds (ETF) and other securities. We charge 1-1.5% for advisor-managed accounts, dependent on account value. These reduced fees are less than ½ of what most firms charge for similar services.
This is a combination of both accounts referenced above and may include mutual funds and variable annuities held directly with the many investment management firms available to our clients. Some of the leading mutual funds that we work with include: American Funds, Fidelity Advisor Funds, FranklinTempleton, Oppenheimer Funds, Putnam Investments and more.
In this model, we do not earn any compensation on the investment recommendations. We charge an hourly fee of $150 per hour to discuss, review and/or construct a suitable investment portfolio or to provide consultation in the areas of financial planning, retirement planning, estate planning, tax planning or preparation, risk management, etc. The client then executes the investment transactions on their own through their choice of discount brokers, no-load mutual funds, other broker/dealers, etc.
Fail to Plan = Planning to Fail – Benjamin Franklin
You have likely heard this before, and in the context of personal finance, it is absolutely true. The worst thing that I have witnessed after three decades of field experience is the personal tragedy of outliving your money. As we are living longer, and the costs of living and custodial care are so high, there is a likely possibility that this could happen to you, especially if you procrastinate and save too little, too late in life.
Time Heals All Wounds
In 2017, the stock market hit all-time highs on 71 days and the S&P 500 increased by nearly 22%. The only constant with the markets is change, so invest for the long term and, if you are invested in the stock market, be prepared to put your chips on the side of the table when we inevitably enter the next bear market.
Over the past twenty years, with all the drama in our economy, the S&P 500 has still averaged about 8% per year. At that rate, your money doubles every nine years. Unfortunately, the odds are against you winning the lottery, inheriting enough money to buy you financial security or marrying rich. Take the reins on your financial future and do not be dependent on someone else.
The Eighth Wonder in the World is Compound Interest – Albert Einstein
If you divide the rate of return on your investments by 72, that equals the number of years it will take to double your money – that is called the Rule of 72. The Rule of 115 follows the Rule of 72 and shows you how long it will take to TRIPLE your money – same formula: divide the rate of return or interest rate by 115 and that is how many years it will take to triple your money. Unfortunately, investors are easily deterred from their long-term investment goals as various drama in their lives compels them to commit financial suicide by the untimely raiding of their savings and retirement accounts. Common sense is derailed and this is how you someone ends up working until death, becomes homeless or worse.
Debt is a Cancer You Bring on Yourself
This quote is all mine. Have you ever paid off a car loan or a credit card? What a great feeling that is to free up those funds that you were forced to give to a bank or credit card or student loan. Eliminating debt gives you extra funds to save to meet your investment objectives and achieve financial security.
In my life, I have never paid a penny in credit card interest and paid off my fifteen year mortgage in eight years. There is a certain degree of exhilaration when you live debt free. Experience that. Debt is a self-inflicted wound. Save your money to buy the things outright you need or want and avoid credit completely. You will live longer, healthier and happier.
DISCLOSURES
Broker Check
Financial Advisors are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with, residents of other states will be made only upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.
WIS representatives do not provide tax or legal guidance. For such guidance, please consult with a qualified professional. Information shown is for general illustration purposes and does not predict or depict the performance of any investment or strategy. Past performance does not guarantee future results.
Dennis DeYoung, California Insurance License #0739977 • Sallie DeYoung, California Insurance License #4342832
Clearing Through National Financial Services, LLC
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