The first thing we do is create a financial plan for you. We call it a living financial plan. It’s living because as your life changes, we are going to make changes to that financial plan to get you to those goals and aspirations that we set at the beginning. Once we have the financial plan in place, it will give us a guideline — a framework to work toward the asset allocation in your portfolio. Once the asset allocation is in place, we determine the securities that go into your portfolio and then give you feedback along the way to determine how you’re doing in achieving the goals that you’ve set.
Can I see the value of my accounts on-line?
April 26, 2011 By 2 Comments
Every client of Charles Carroll has a client web portal. The portal is web based. It’s on a secure system and allows you access to your statements, your agreements, your performance reports that you might have, how your securities are doing, what the intent is and how we manage your assets, as well as giving you security reports — the individual security reports if you’d like to see what’s happening within your portfolio.
How do I avoid high costs for investing my money?
April 5, 2011 By 1 Comment
First, look at the name on the individual securities that are being sold to you. If they’re mutual funds, are they the same name as the name on the wall of the broker? If they are, then there’s a potential of conflict of interest. They may be selling you the product because there’s an incentive for the broker to sell you that product. What you want to be able to do is separate those two and look for those particular securities that give you the best return for the lowest cost.
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How can I avoid double fees for managing my account?
April 5, 2011 By Leave a Comment
There’s a lot of conversation in the marketplace about fees. The first thing you want to do is make sure they’re not compounding fees within the asset management program. You want to make sure you don’t have a management fee let’s say on mutual funds AND then pay another fee — what they call a money manager fee on top of that. If you do that, you’ve got compounding fees. You could have fees in the 1 ½ to 2 ½ % range. What we do at Charles Carroll is we try to provide for you individual securities that do not have management fees., individual equities, individual bonds. We do use ETF’s but they have lower management fees, much lower than what you could find in a mutual fund. And then what we do is assess you with our management fee. And our management fee is lower than what you’re going to find in an equity mutual fund.
Category: People & Blogs
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Can I see the value of my accounts on-line?
April 5, 2011 By 2 Comments
Every client of Charles Carroll has a client web portal. The portal is web based. It’s on a secure system and allows you access to your statements, your agreements, your performance reports that you might have, how your securities are doing, what the intent is and how we manage your assets, as well as giving you security reports — the individual security reports if you’d like to see what’s happening within your portfolio.
Category: People & Blogs
Uploaded by: CharlesCarroll02364
Hosted: youtube
How do I avoid high costs for investing my money?
January 24, 2011 By 6 Comments
First, look at the name on the individual securities that are being sold to you. If they’re mutual funds, are they the same name as the name on the wall of the broker? If they are, then there’s a potential of conflict of interest. They may be selling you the product because there’s an incentive for the broker to sell you that product. What you want to be able to do is separate those two and look for those particular securities that give you the best return for the lowest cost.
What is Fiduciary Responsibility and why is it important?
November 29, 2010 By 2 Comments
The idea of fiduciary responsibility is that the financial manager is always acting in your best interests. If you’re working with a broker or a financial advisor, and they can’t prove to you that they have a fiduciary responsibility to you, then who are they really working for? How does that affect your portfolio? Ask. Ask your financial advisor, “Do you have a fiduciary responsibility to me, to my goals, to my family and to our needs? If they can’t answer positively, you need another financial advisor.