Q: Why do clients work with Cassady Schiller Wealth Management?
A: Because we work to understand you and what you’re trying to accomplish before we ever talk about products to meet your needs. We work to establish and maintain a strong relationship with our clients. We keep in touch regardless of the ups and downs in the market. We also strive to make things as easy as possible for our clients and we take the time to educate our clients because our passive approach to investing may be new for many of them. Clients find this approach refreshing.
Q: How much does it cost for an initial consultation?
A: There is no cost for our initial meeting. We feel it’s time well spent to explore the opportunity to work together before we seek mutual commitment and before we begin charging any fees.
Q: Who do you work with?
A: We primarily provide our services to individuals, families, businesses, trusts and retirement plans who are looking for a better approach to managing their wealth.
Q: How much do you charge?
A: We are a fee only advisor, our fees are based on a percentage of the assets we manage. We feel a fee only approach aligns our mutual interests. As your portfolio grows the percentage we charge declines. In addition, we take a family approach to pricing so we aggregate assets to determine your fees, while still managing each portfolio according to its written investment policy statement.
See our fee schedule here.
Q: How do your fees compare to other RIA firms?
A: We feel our fees are very competitive. We also use very low cost institutional mutual funds. Most of our competition continue to use higher priced, actively managed mutual funds that have internal expenses of 1% to 1.5%. This is in addition to the fees paid to the advisor.
Q: What happens to my current holdings if I become a client?
A: Before any changes are made, we first analyze your existing portfolio and discuss our recommendations with you. We make sure your current investments fit with the overall strategy and meet the risk characteristics of the various asset classes that we would use. Any positions that we sell, we work to achieve in the most cost effective and tax efficient manner. Sometimes, large individual stock positions can be liquidated over a period of years. We focus on the overall goals and the overall risk you’re willing to accept.
Q: Who holds my assets, and how do you trade the accounts?
A: We use Charles Schwab Institutional as our custodian. While you grant us discretion to make trades in the portfolio as needed, we always consult the client first.