Frequently Asked Questions
As a registered investment advisor, we are regulated by the United States Securities and Exchange Commission (SEC) and the state Securities agency of Ohio.
Due to the personal attention and the time it takes to properly protect the assets of our clients, there are cases where we may decline to work with a particular individual. In such cases we encourage prospective clients to go with a low cost provider such as Vanguard to ensure their account isn’t chipped away by excessive fees. Generally portfolios less than $50,000 are not a good fit for us or a prospective client. If this is you, don’t be afraid to reach out to CWM. We’d still be happy to provide a complimentary consultation to ensure you understand your options.
At all times you will have online access to your account with TD Ameritrade and detailed performance reports delivered no less frequently than quarterly.
Accounts can be established in as little as a few days. Most typically however, from initial meeting to account establishment takes 2-4 weeks depending on client availability.
We hold individual stocks for many of our investors as part of a diversified investment strategy. We believe that purchasing partial ownership in great businesses can be an excellent way to build wealth in the long-run when purchased at an attractive price.
Investments are reviewed continually with rebalancing taking place as needed. Generally some form of rebalancing will occur at least once a quarter and, at times, several times a quarter.
Colburn Wealth Management believes in empowering you to achieve your financial goals. We will walk you through the process and speak to you at your level of understanding while avoiding confusing industry jargon. Our fee and investment performance transparency are also key differentiators. Finally, as a boutique financial advisory firm, our clients are treated as individuals who receive customized one on one advice to meet their specific needs.
We use TD Ameritrade for our clients and all accounts remain in the client’s name.
We do not. We are fee only registered investment advisors, not brokers. Your funds and securities are held at a custodian in your name only that we have access to in order to manage investments on your behalf.
Done properly financial planning provides clarity to our clients empowering them to understand where they are financially, where they want to be, and a step by step plan on how to get there. A sample of questions we can answer as part of this process are:
- Do I have enough money to retire at the age I wish? If not, what specifically should I do to achieve that goal?
- Does my current investment portfolio match my tolerance for risk? Does it align with my financial goals?
- Am I saving in the most tax efficient way possible?
- What should my social security withdrawal strategy be?
- I am going to receive a lump sum inheritance, what do I do?
- What investment fees am I paying? How are these fees effecting my ability to achieve my financial goals?
- How do I most wisely provide for a loved one’s education?
The cost of your fee covers the independent investment research we conduct, ongoing review of your managed accounts, rebalancing of these accounts which typically occurs no less frequently than quarterly, a financial planning review which occurs no less frequently than annually, and answering any ongoing financial planning or investment questions you might have.
Our fee structure is simple, transparent and based on the value of the portfolio we are managing on your behalf:
First $500,000= Fee of 1.00% with a minimum of $1,500
Second $500,000= Fee of .75%
Next $1,000,000= Fee of .5%
Over $2,000,000= Fee of .25%
As a fee only firm, this is the only compensation we receive and is clearly itemized on your statement from our custodian (TD Ameritrade).
Fee only means our only form of payment are clearly disclosed asset management fees. We do not receive any commissions, performance based compensation, or any other payment from third parties. This insures we are making investments for our clients based on their financial interests and not our own. As such, we work for you. Period.
Fiduciaries owe two main duties to their clients: a duty of loyalty and a duty of care. The duty of loyalty means that fiduciaries are obligated to act solely in your best interest. The duty of care prescribes that fiduciaries perform their duties with a high level of competence and thoroughness.
To meet this fiduciary standard, our company must put your financial interests before our own.
Non-fiduciary financial advisors are held only to a suitability standard and may recommend a solution that is acceptable for your situation, but may or may not be in your best financial interest.