There is a lot of talk in the industry about what it means for wealth advisors to serve clients with a higher standard.
Wealth Advisors - Higher Standards
Wealth Advisors Higher Standards
Here are examples of higher standards Rhoads Lucca Capital is committed to as wealth advisors:
Compensation of Wealth Advisors:
- Objective, fee-only compensation – we are paid in only one way and only by our clients.
- Our long-term financial success as a firm depends entirely on our client’s financial success. Our interests are aligned with theirs in this way. Just the way we like it.
- We reject the conflicts of interest from commissions, sales charges, etc. We never accept any form of payment other than client fees for managing investments.
Fiduciary Standards of Wealth Advisors:
- We accept Fiduciary Responsibility and willingly accept a higher standard of care – acting in our clients’ best interest, even above our own interests.
Higher Strategy Standards of Wealth Advisors:
- We reject passive allocation of our clients’ portfolios. Being passive means you do not have a defensive strategy. We all know there are dramatic times in every market that require a robust defense to preserve gains. Accepting passivity in the face of a falling market would be dereliction of duty. Unfortunately, the passive approach, based on a misunderstanding of research, has gained ground and left the clients of other firms unprotected. If you search the internet and view the websites of the Top 100 Wealth Advisors, unfortunately you will look long and hard to find any that are anything but passive. This is because those rankings are based on the size of the firm and not the effectiveness of their investment strategy.
- Every model portfolio we develop and offer to our clients is a complete strategy. Each offers both an offense and a defense. Both are needed for true financial security.
- We follow a highly disciplined approach that is objective and tested and not based on opinion or emotion. You can read more about our commitment to great investment management and portfolio livability on this website
Higher Standards of Client Care of Wealth Advisors:
- We are always available whenever you have questions or concerns about your money. We exist as a firm to serve our clients wholeheartedly.
The world of investing has changed dramatically over the past 12 years. To continue meeting these challenges requires a different way of thinking, built on a higher standard for wealth advisors.