Fee Based Asset Management
With fee-based asset management our clients pay for financial advice based on the value of their investments – not on the number of transactions. Many investors prefer this arrangement because it helps to minimize conflicts of interest and removes the possible perception that advice is in some way influenced by the commission made on the transaction. Essentially, fee-based asset management aligns the investor’s and adviser's goals; if the investor's assets grow, adviser compensation increases, and, if assets decline, the adviser’s revenue is reduced.
Potential advantages of the fee-based model for individual investors:
- The financial adviser has a fiduciary responsibility to act in their client's best interest.
- Aligned goals. The incentive to the adviser is to grow the investor's account.
- Reduction of bias of investment recommendations, since the adviser is not paid commissions.
- Fewer conflicts of interest.
- Advice that goes beyond specific investments. At Pinnacle our advisers use an integrated holistic financial planning approach.
Click Here to download our current Form ADV Part 2A
Click Here to download our current Form ADV Part 2B for Kenyon Lederer
Click Here to download our current Form ADV Part 2B for Jack Zboralske