Does Bollin Wealth Management charge for an initial meeting?

Bollin Wealth Management does not charge any fees to prospective clients until they actually decide to become clients. We do not charge for our services until we are absolutely sure that we can help a client obtain their goals and objectives.

How does Bollin Wealth Management charge for its services?

Bollin Wealth Management provides our investment advisory services on a fee-only basis, which means our fees are fully disclosed to clients and we do not receive commissions for our investment recommendations. We utilize fee-only compensation for our investment advice because it is the most transparent manner of compensation for our clients, and eliminates any potential conflicts of interests or bias, since our investment recommendations and solutions are revenue neutral. Our fee-only investment advisory services are delivered based on a small percentage of your portfolio value, and are billed quarterly. Our fee schedule is tiered, and is the same regardless of the investment strategy recommended. Our financial planning services are delivered on a flat-fee deliverable basis, or at an hourly rate of $180.00 an hour. Most financial plans cost $1,800 to $10,000, depending on the complexity of the client’s situation.

What is the Certified Planner Designation™?

The Certified Financial Planner™, or CFP®, designation is a professional designation that is considered by most in the industry to be the gold standard for planners. There are several requirements necessary to earn the Certified Financial Planner™ designation: • A bachelor’s degree from an accredited university. • Three years of experience in the financial planning profession • 225+ hours of instruction or self-study in the following disciplines: financial and retirement planning, estate planning, taxation, employee benefits planning, investments and insurance. • Passing of a ten-hour, two-day comprehensive examination over all the topics of instruction. The passing rate for the examination is roughly 50%. Upon attainment of the initial CFP® designation, practitioners are required to adhere to the CFP Board Code of Ethics and Professional Responsibility, and to the Financial Planning Practice Standards, and to complete 30 hours of continuing education every two years.

Do you hold yourself to a fiduciary standard?

A fiduciary duty is the highest standard of care that a financial professional can provide. Bollin Wealth Management strictly adheres to the fiduciary standard, and strives to uphold that standard by always acting in the best interests of our clients. Most people who held themselves out as financial advisors (brokers and/or registered representatives) are not held to a fiduciary standard, and are only required to ensure a recommended investment is suitable for you. As you can imagine, there is quite a difference in recommending strategies that are suitable, and recommending strategies that are in a client’s best interests.

What is Bollin Wealth Management’s perspective on investing?

We believe that asset allocation and minimizing costs are the fundamental determinants of long-term investment returns. In stark contrast to the typical Wall Street firm, our disciplined approach to investing relies on sound economic and investing principles, not predictions, forecasts, or anticipating/following trends. We work very closely with our clients to ensure that we understand their entire financial situation before making any recommendations. We then advise our clients on the most appropriate mix of assets for their given age, stage of life, risk tolerance, tax situation, growth and income needs. We build our recommended portfolios with very low-cost, ultra-diversified investment strategies that have been traditionally reserved for the exclusive use of large institutional investors. Finally, we periodically review portfolios and clients’ situations to ensure that our strategies align with their goals. We typically rebalance portfolios on a semi-annual or annual basis to maintain our disciplined strategies and reliably help our clients buy low and sell high during market cycles.

Why does Bollin Wealth Management utilize Dimensional Fund Advisors for its investment strategies?

As “Your Financial Engineer,” Bollin Wealth Management only partners with providers who espouse similar beliefs about markets, investing, and financial planning. Dimensional Funds Advisors, or DFA for short, develops strategies based on the science of investing and capital markets; not on speculation, short-term trends, or schemes created to fatten Wall Street’s pockets. DFA’s mission is to deliver the performance of capital markets and increase returns through state-of-the-art portfolio design and trading. In order to achieve that mission, DFA partners with several of the world’s leading financial economists to constantly refine their understanding of the relationship between risk and return in the world of investing. “We believe successful investing means not only capturing reliable sources of expected return but managing diversifiable risks and other risks that do not increase expected returns.” Essential to DFA’s mission and success are diversification and low-cost. DFA’s portfolios comprise well over 10,000 individual securities from around the globe, offering investors a level of diversification not found elsewhere in the industry. And DFA’s portfolios are one-third to one-fifth of the cost of the average retail mutual fund, and never have a sales load associated with them. The cost savings achieved with DFA’s portfolios show up in your wallet and portfolio statement.

What custodian does Bollin Wealth Management utilize for clients’ assets?

We use Charles Schwab to custodian our clients’ assets. We have chosen to work with Charles Schwab because of their superior customer service and client web interface, concise and accurate monthly client account statements, and low-cost services.

Does Bollin Wealth Management invest in the same strategies they recommend for their clients?

Absolutely! We believe that Dimensional Fund Advisor funds are the absolute best tools available for building, preserving and transferring wealth for all investors. Additionally, we believe that it is hypocritical as well as ethically irresponsible to not invest in the same strategies that we recommend to our clients. Although our portfolios may look different from our clients in terms of fund weightings and overall asset allocation, you can be sure that we invest in the same exact fund choices we recommend for our clients’ portfolios.

How often are clients updated on their portfolios?

We provide quarterly performance reports, which illustrate the beginning balance, contributions and withdrawals, the different sources of return, the ending balance, and the percentage and dollar return net of fees during that timeframe. We also compare these returns to various benchmarks, depending upon the type of investment strategy. Clients also receive a monthly statement from the custodian, which list their securities and the associated current values as of month-end. Furthermore, as securities trades are executed, each client will receive a confirmation statement with full details of each purchase or sale. These reports may be mailed or emailed to clients, depending on their preferences. Clients may also view accounts in real-time through the custodian’s website interface.

Does Bollin Wealth Management have trading discretion over clients’ accounts?

Bollin Wealth Management does not have trading discretion with clients’ accounts. We always confer with our clients and obtain their approval before executing any trades in their portfolios.

How often are clients’ portfolios traded?

Typically, clients’ portfolios experience trade activity once or twice a year. Most frequently, the trades will be a result of rebalancing clients’ accounts so they are within the acceptable tolerances for portfolio weightings. Occasionally, a client’s financial situation will change, or shifting economic conditions will warrant a change in portfolio strategy.

How often does Bollin Wealth Management meet with clients?

At the beginning of our relationship, we meet with clients more frequently to ensure there is a thorough understanding of the planning process and investment strategies. Once things have been put in place and a couple of quarterly reports are under our belts, we typically meet with most clients twice a year in person to review performance and financial situations. Some clients prefer to meet quarterly, some prefer to meet twice a year, and some clients prefer to meet only once a year. It really is all about client preference. Of course, we are always available via phone or email for questions or concerns that cannot wait until the next in-person review.