Please click the questions below to discover the answers.
Do I need an advisor?
Many people feel they can take care of their own investing and related financial affairs. That decision is one that only you can make. But it's important to carefully consider whether you truly possess the attributes that are necessary to succeed, including:
- The expertise to set up a diversified portfolio that properly balances risk and reward
- The time and enthusiasm level needed to consistently monitor and update your investments for many years
- The self-discipline to avoid the very common mistakes that result from emotional decision-making
- An understanding of how to minimize the taxes and expenses that can diminish your investment results
- The ability to create a plan that helps ensure you will not outlive your savings
- The expertise to help pass your assets to the next generation while minimizing taxes
If an honest self-evaluation raises questions about your ability or commitment, using a financial advisor is likely in your best interest.
Does Twin Peaks offer Comprehensive Financial Planning as well as Investment Advisory Services?
Yes. We create holistic, customized plans and also implement investment advisory services.
What separates Twin Peaks from other financial advisors?
Our independence, our client focus and our fee-only model are among our major differentiators. You can read more about them here.
What is a fee-only financial advisor?
Fee-only financial advisors are compensated solely by fees from their clients. The reason for this is to minimize or eliminate the possibility of conflicts of interest. When advisors accept compensation from other sources, such as investment companies, insurance companies or referral sources, it can raise questions about whether they are committed 100% to the interests of their clients.
What does being a fiduciary mean?
All financial advisors adhere to one of two standards of client care. One, known as the "suitability" standard, requires that advisors' recommendations merely be "suitable" to clients' needs. At Wasatch, we believe that standard leaves too much wiggle room for advisors to put their interests ahead of clients'.
That's why we adhere to the far more stringent "fiduciary standard." Fiduciaries are required to act in their clients' best interests at all times. All of our advice and guidance must be conflict-free.
What is your investment minimum?
$250,000 of assets to invest in the household. "Outside" assets in a current employer's 401(k) plan, 529 plan, etc. may be included.
If my investments are below the minimum, does Wasatch offer financial planning on a stand-alone basis?
Absolutely. We offer planning as well as consultation for either an flat or hourly fee.
What is your investment approach?
We understand that different investors are most comfortable with different investment approaches. That's why we provide access to virtually every type of investment strategy available in the marketplace. By doing so, we are able to create an investment portfolio tailored to your unique situation, goals, preferences and core beliefs.
What fee do you charge?
Investment advisory services are available for a percentage fee based on their overall assets under management with us. Financial planning services are available for an hourly fee or a flat fee that is based on the complexity of the client's needs.
How do I transfer my assets to you from another advisor?
Simply provide us with a copy of a current statement from your current advisor, former employer's 401(k) plan, etc. We'll take care of setting up a new account and having your assets transferred.
Where will my assets be held?
Client assets are held with a third-party custodian, TD Ameritrade Institutional. Wasatch Wealth Management's access to your assets is limited to purposes such as monitoring and trading.