• A
• A
• A

Portfolio Analysis and Allocation
Portfolio Management

One of our new clients—the former CEO of the company she had founded—came to us after she sold her business. She had put the bulk of her assets into municipal bonds, with the intention of diversifying into a wider range of assets.

We sat down with her to design a comprehensive asset allocation strategy based on what she had told us about her risk tolerance and income needs. But while we were discussing her existing assets, she questioned our fee for bond services. She mentioned that a well-known investment banking house was managing a $5 million bond portfolio for her for free. The bank had never charged her a single commission!

We offered to do an analysis of that portfolio. We looked at the purchase dates of all the bonds, and the high and low prices for each purchase. We then sat down with our client and explained to her that so far, she had paid approximately $50,000 in the "spread" between what the investment bankers paid for the bonds and the price they charged her.

She then asked us to look at her stock portfolio, managed by a leading brokerage house. A simple analysis showed that the brokers were pushing stocks when it was advantageous for them—and not necessarily for her.

Shortly thereafter, she asked us to manage all of her investments.

At Fiduciary, we charge a stated fee for our services. We don't charge you hidden fees. And we don't make commissions on products, because don't have proprietary mutual funds, or firm-owned stocks and bonds that we seek to sell to our clients.

« Back to Previous Page