Frequently Asked Questions & Answers
Get answers to some of the frequently asked questions about our company and services and understand how our Wealth Management and Financial Planning practice.
A financial advisor can help you clarify and prioritize your goals, provide strategies and solutions that potentially enhance and maximize your assets in relation to those goals and minimize taxes either now or in retirement.
An aggregator of specialty strategies, wealth management tools and technology made available to Investment Advisor Representatives (IARs) of the firm. An RIA firm sits on the client’s side of the table and executes the advice of your Investment Advisor Representative. Steve Parker is an IAR with Brookstone Capital Management which is an RIA.
Your funds are not held directly by us. They are held at a third party custodian. TD Ameritrade is one of the largest, most secure custodians to date. You, the client, are the only individual with direct access to your funds. You will be provided with 24/7 online access to your holdings and the option to receive monthly statement reporting via paper or email. (TDA Download Link).
As a CPA, Steve Parker is uniquely able to blend tax efficiency with the strategy diversification strategies offered through Brookstone Capital Management. The focus is specifically dedicated to the unique financial issues facing pre-retirees and those already in retirement. As independent financial advisors with a fiduciary level of responsibility, we are required by law to serve your needs above our own. Our planning process is education-based, focused on understanding and developing solutions for your specific situation.
As an investment adviser we are a “fiduciary” to our advisory clients. This means that we have a fundamental obligation to act in the best interests of our clients and to provide investment advice in our clients’ best interests. We owe our clients a duty of undivided loyalty and utmost good faith. We shall not engage in any activity in conflict with the interest of any client, and will take steps reasonably necessary to fulfill our obligations. We must employ reasonable care to avoid misleading clients and must provide full and fair disclosure of all material facts to our clients and prospective clients.
No, not every financial advisor firm is required to be a fiduciary. There are three main channels of financial advice:
- Insurance Licensed Only Agent — They are going to talk to you about Cash Value Life Insurance and Annuities. These are the only products they can offer. They have a suitability standard.
- Broker-Dealer Channel Like Wells Fargo Advisors, Merrill Lynch or Ameriprise — They primarily sell you Stocks, Bonds, Mutual Funds and Variable Annuities. This is a sales-oriented model. They have a suitability standard.
- RIA/IAR – RIAs and IARs are held to the fiduciary standard in regard to their investment advice and recommendations for you. The fiduciary standard legally requires that the recommendations be both suitable as well as in your best interest from a risk, performance and compensatory standpoint.
No, our first and second visits are always free. It provides both of us the opportunity to see if we work well together.
- First 90 Days:
During the onboarding process, you will be updated on the status of your transfer of funds and provided with all servicing issues via email and phone.
- Second 90 Days:
Once your accounts are funded and fully invested we maintain a close vigil to ensure that you are getting off to a great start. This may require subtle changes or updates to the original plan based on unforeseen economic conditions, but will always be recommended to provide you with the optimal opportunity for success.
The frequency of client meetings and reviews are customized to each client’s individual needs.