Questions
Why do I need professional management?
Many investors have succesfully managed their portfolios over the years, growing them from a few thousand dollars, to hundreds of thousands, or perhaps even more today. But as your assets have become a significant sum, and you have a lot more at stake, managing your portfolio may not be quite as easy. You may realize that you should make some changes to your portfolio, but find that you are unable to “pull the trigger.” And as we get older, knowing that our spouse will be well taken care of if we are no longer able to manage our financial affairs offers priceless peace of mind.
Do you earn any comissions from trading my account?
No. Bowers Wealth is a fee-only investment advisor. The only income we receive is from a management fee that is a percentage of your assets. That way we share the same goal of growing your assets without taking undue risks or engaing in unnecessary trading.
What are your fees?
We always look for value in the investments we make. You should expect no less in the services we offer you, so we keep our fees modest, and as your assets grow, your fee rate declines.
| Management Fee Schedule as a Percent of Assets | |
|---|---|
| 1.20% for the first | $100,000 |
| 1.00% for the next | $100,000 |
| 0.80% for the next | $100,000 |
| 0.60% for the next | $100,000 |
| 0.40% on assets over | $400,000 |
Why do you use Fidelity funds?
Fidelity offers the widest range of mutual funds of any fund firm, covering nearly every corner of the investment landscape both here and abroad. The have a deep and talented research and portfolio management group that is unmatched in the industry. And they continue to invest millions in the latest technologies to provide their analysts and managers with the tools they need. By focusing our research efforts on Fidelity we have developed a thorough understanding of their people and processes that we believe allows us to offer our clients a better return for the risks taken.
How do you decide how to invest my portfolio?
The first step in working with you is to understand your personal financial situation, goals and risk profile. We start with a detailed questionnare to assess your situation and then discuss the results with you. Once we have a clear understanding of your needs, we will recommend a portfolio strategy we believe is the best fit for accomplishing your goals within your risk tolerance (both emotional and financial). We will not make any trades in your account until we agree on that strategy. We will regularly stay in contact with you to make sure that your strategy remains consistant with your objectives, should there be any changes in your situation.
How can I learn more about how you would work with me?
Just call us toll-free at 1-888-397-3094 or Contact Us Here and one of our account managers will be happy to speak with you and answer any other questions you might have. If you would like, they will also schedule a time to do a complimentary review of your current portfolio with no obligation.