Clients frequently engage an advisory firm when they lack the time, knowledge, or inclination to “go it alone” in personal financial management. They also seek organization, structure and a disciplined approach to their financial lives.
A good advisory firm keeps its clients apprised of changes to tax law and economic events that affect their well being. With an advisory firm, clients’ cash flow needs and tax situation are integrated into their investment portfolio design. Moreover, a client’s holdings are reviewed on an ongoing basis and adjusted as needed.
Artemis Financial Advisors offers a different value proposition than is typically available through financial brokerage firms. Some of those differences include:
Our Fiduciary Responsibility. Independent, registered investment advisors (RIAs) have a fiduciary obligation to always put their clients’ needs first. Advisors who are employed at brokerage firms are held to a lower “suitability standard” (which is not a legal standard) under which a broker is supposed to recommend suitable investments. However, he/she does not necessarily have to put a client’s needs ahead of their firm’s needs.
Our Fee Structure. Artemis Financial Advisors relies exclusively on a fee-only model. The firm does not receive commissions or fees from any source other than its clients. In contrast, many brokers are paid via commissions. They have a strong incentive to invest you in products that carry high commissions or loads, which may or may not be attractive investments.
Our Obligation to Disclose. Unlike brokers, registered investment advisors are also subject to strict disclosure rules requiring that they provide to their clients their Form ADV listing potential conflicts of interest and their compensation practices.
Our Independence. We do not have any financial relationships with any brokerage firms or money managers and so we are not obligated to favor, nor are we compensated to push, any firm’s proprietary investment products.
Our Integrated and Personalized Service. Few brokers are trained to provide comprehensive financial planning support, nor are their firms set up to provide personalized support. It is not uncommon for a single broker at a large institution to manage 100-200 accounts. In contrast, we limit our services to a select group of clients in order to provide comprehensive advice in the context of close, long-term relationships.
We are happy to develop a financial plan for clients who either have insufficient investable assets for our ongoing wealth management service or who are currently using another manager. Our plan development process is highly tailored to meet each client’s specific needs, which may include cash flow analysis, investment strategy development, tax planning, education planning, retirement planning, insurance analysis and estate planning.
A copy of our current written disclosure statement which describes in more detail our business operations, services, and our fees is available from us upon written request.
Yes. Our clients can certainly set up a retail account(s) that holds the assets they would like to manage on their own, and we would not collect any fee on those assets. We recommend this if a client likes to buy and sell individual securities.
All of the assets we manage on our clients’ behalf are held by our custodian, Fidelity Investments. We work with Fidelity to set up new accounts and to transfer our clients’ assets from their current financial institution. Fidelity will send monthly account statements and all clients have 24×7 online access to their accounts via Fidelity’s website.
In addition to the monthly account statements our clients receive directly from our custodian, Fidelity Investments, each quarter we provide a customized investment performance report, which analyzes the sources and context of performance results aggregated across the accounts we manage on our clients’ behalf. We also have occasional special mailings and email alerts on topics of interest. Clients are encouraged to contact us by e-mail, fax, or telephone at any time to discuss their investments, ask any question, or discuss any financial planning matter.
The relationship between Artemis Financial Advisors and our clients is our most important asset. We strive to maintain their trust and confidence in our firm, an essential aspect of which is our commitment to protect the confidentiality, integrity and security of their personal information. As we believe that all of our clients value their privacy, we do not disclose any personal information to anyone unless it is required by law, or at our clients’ direction.
A Certified Divorce Financial Analyst (CDFA™) is someone who has received specialized training to fully examine the various aspects of the divorce process from a financial perspective.
The firm’s principal, Leigh Bivings, has been a Certified Divorce Financial Analyst since 2012.
Many attorneys are not trained to analyze the financial complexities associated with dividing property and assets in a divorce situation. CDFAs act as a support to both the client and their attorney.
Every divorce situation is different and the journey can take many twists and turns. We therefore work on an hourly fee schedule as we think this is the fairest way to charge for our services.
Unequal knowledge and understanding of financial issues. Significantly greater knowledge of finances by just one partner puts the other person at a disadvantage. It is important that t he financially less savvy partner get professional help.
Yes, at Artemis we provide both comprehensive financial planning and wealth management services.