If you want to ask a question personally, please contact us directly. We’re here to help and we’re friendly-so call us!
How do I schedule an appointment?
You may contact our office at 410-732-2633 or contact us here. My administrative assistant will gather some information from you and send you our Financial Information Questionnaire. After we receive the questionnaire, we will call you to schedule a meeting.
What can I expect during our first meeting?
Our first appointment may last up to 1½ hours. During our meeting, we will discuss your goals and your completed Financial Information Questionnaire. You will learn about Partnership Wealth Management, the types of clients we typically serve, our wealth management process, and fees. We will also take time to answer any questions you have.
What is your wealth management process?
We pride ourselves on providing advice for all your financial matters. The process starts by having you prepare a snapshot of your current financial picture. We provide you with a packet and instructions for the materials we require. After we receive the completed packet, we will take three to four weeks to complete a comprehensive financial plan. Our recommendations include strategies for your day to day finances, investment management, goal funding, retirement planning needs, life insurance, disability insurance, long-term care insurance, income tax strategies, and estate planning strategies. This advice is custom and may include additional areas of focus if your situation warrants attention to other topics.
What are your fees?
Our investment management fees range from .85% to 1½% depending on the size of your portfolio. Other costs may apply for financial plans, insurance, and other products used. We will discuss your asset management and financial planning fees during your initial meeting.
Do you have account size minimums?
While our new clients typically have at least $1,000,000 of investable assets, we do not have an established account minimum. During our first meeting, we take the time to determine if the prospective client will make a good fit for our practice regardless of account size. We have respectfully turned away wealthy people whom we feel would not be compatible with our culture. We also have wonderful clients who have assets below our average new client.
What is the average rate of return on your clients’ accounts?
Our clients are looking to pursue their goals while investing at a risk level that is comfortable to them. To help with this objective, we construct custom, diversified portfolios for each client. Due to the nature of a diversified portfolio, it won’t match the composition of a benchmark (such as the S&P 500). Please keep in mind that there is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
In addition, some clients are adding or withdrawing from their investments on a monthly or annual basis. Depending on the size of those additions/withdrawals in relation to their portfolio and market conditions at the time, those clients may see differing performance from those who are invested in the same mix of investments and don’t make any adjustments. No strategy assures success or protects against loss.
Because every client is different and has a custom strategy, their portfolio can’t be compared versus a benchmark or against someone else’s portfolio (such as a friend, neighbor, coworker, or one developed by another financial advisor). As a result, providing “average” returns for my clients really wouldn’t provide prospective clients with a good indicator of how we would do for them.
What is your investment philosophy?
We create a custom asset allocation and investment management approach for each client. Typically, we utilize a buy and hold approach with a select group of investments (we have an inventory of approximately 30 investments) that we rebalance annually. By keeping the investment inventory low, we are able to focus our attention closely on the investments we hold. When necessary, we will make adjustments with the investments and/or approach.
No strategy assures success or protects against loss.
Do your dogs come to work with you?
Yes! Woody brings his dogs, Fenway and Roxy, to work with him every day. He feels privileged to be able to spend all day with them. We often call Fenway the Vice President in Charge of Security because he is the first to alert us when someone enters the office. Roxy is our meeter greeter. During appointments, they are kept in Woody’s office to avoid disrupting our meetings.
If you are allergic to dogs or would prefer that Fenway and Roxy take a day off, please let us know prior to your meeting. We will be more than happy to accommodate your needs.