What is an advisory account?
In an advisory account, we act in a fiduciary capacity, bound to act in your best interest, and charge a fee based on a percentage of the assets under management. Assets are monitored on an ongoing basis and the model portfolios are custom curated and regularly rebalanced.
What to expect in an advisory relationship?
Johlfs Wealth Management is a full-service investment firm. Depending on your needs, investment objectives and overall goals, we may assist you with brokerage services, investment advisory services, or in many cases - both. There are important differences to each including cost and the services we provide. Choosing the right investment accounts are a personal choice and your options should be taken seriously.
We proudly offer a comprehensive list of services that are included with being an advisory client at a competitive fee, around 1% per year:
Each week, our team curates the latest stock market, financial, and business news into an easy to read newsletter. It is here you’ll find the latest information on a wide range of topics and the implications they have on our financial lives.
Our in-house investment management team will regularly rebalance your advisory account and execute decisions on your behalf so you don't have to worry about transaction fees or market trading.
You have access to market related content created by top notch experts at LPL Financial. Monthly Market Outlook Paper, Weekly Market Commentary, Mid-year Outlook, and Annual Market Outlook content are all available at a click of a button.
As advisors, we have a fiduciary duty to our clients: a legal and ethical obligation for professionals to act in the best interest of our clients. We abide by a high standard of care, loyalty and honesty in providing services to you.
We also host a variety of events ranging from market seminars, recycling services, sports events, and charitable donation drives. Upcoming events are posted in our e-newsletters and on our events page.
As an advisory client, you have the option to utilize WealthVision; a powerful engine can generate comprehensive financial planning analytics. You’ll have access to budget tools, reports, educational materials, and storage for personal documents in one convenient and secure location.
A variety of helpful handouts are located in our online library. We have also created a resource page full of interactive tools to help calculate scenarios from debt payoffs to saving for college.
We host a variety of events ranging from wine tastings to recycling services to sporting events. This gives our clients a chance to network with each other creating a like-minded community of individuals. Upcoming events are posted in our e-newsletters and on our events page.
Each holiday season, we choose one local non-profit organization to donate goods to. We have had tremendous support when we launch these initiatives and will continue to do so on an annual basis.
Our mission is to optimize your financial life and add value to your situation so you can profit from our advice. Ideally, we’re paying for ourselves in the process. Examples of such optimization are; increased alpha (additional portfolio returns, risk-adjusted), tax efficiencies, debt restructuring, strategic use of capital, and other planning and investment strategies.
Our compensation is based on an annual advisory management cost. We use a tiered cost structure where the annual management cost declines as the assets under management increases (see chart). This is an all-inclusive benefit; The annual advisory management cost covers comprehensive financial planning by a CFP® professional, comprehensive investment management by a CFA charter holder, and our gold-standard client service model – an unparalleled value proposition.