|
|
Grossman Financial Management
Independent Financial Planning & Asset Management Service * Fee-Only
Why Choose an Investment Fiduciary?
An
investment fiduciary acts in a professional capacity of trust and manages
property for the benefit of another. The
obligations of investment fiduciaries are precisely specified by law, such as
the Uniform Prudent Investor Act and the Employee Retirement Income Security
Act. The role of an investment fiduciary is fulfilled by recommending financial
planning and investment strategies that are in the best interests of the
client.
Grossman
Financial Management (GFM) is a SEC-licensed Registered Investment Advisor and
provides financial planning and investment advisory services on a fee-only
basis. As such, we serve clients as
investment fiduciaries.
GFM
is not a stockbroker. (Stock brokers are
technically known as “broker-dealers” and/or “registered representatives”.) The essential role of stockbrokers is the
sale of products of a brokerage firm. By
law, the provision of investment advice by a stockbroker may be no more than
“solely incidental” to the sales process.
Their legal responsibility to customers is met by adherence to the
standards of honest dealing and, when recommending products, having “reasonable
grounds for believing that the recommendation is suitable”. Stockbrokers use many titles, such as
“financial planner”, “investment counselor”, “financial advisor”, “financial
professional” and “financial consultant”.
However, none of those titles has legal meaning.
As investment fiduciaries, GFM recommends investments that we believe are in our clients’ best interests.
Therefore, we do
not
recommend investments that:
pay any sales commissions
have high internal expenses
discourage investors from changing strategy by penalizing the sale of investments
are inappropriate, such as annuities within IRA accounts
have unreasonable performance projections
have undisclosed trading costs
confer trading advantages to select clients at the expense of others
pay us to be on our recommended list of investments
are from an affiliated company or “in-house” fund family
compensate us with gifts or “free” services
compensate us in any manner
Our
compensation comes exclusively, directly and in a fully-disclosed manner from
our clients’ fees.
At
GFM, the financial planning process follows the standards of the Certified Financial
Planner Board of Standards, the national licensing body for Certified Financial
Planners. Our investment process adheres
to the investment fiduciary standards promulgated by the Foundation for
Fiduciary Studies.
GFM’s
investment process involves these key steps, consistent with investment
fiduciary practice:
Knowing the client’s unique financial situation and goals
Appropriately diversifying assets to the specific risk/return profile of each client
Preparing a specific investment policy statement
Using “prudent experts” (money managers) to invest funds pursuant to the client’s investment policy statement
Accounting for and controlling investment expenses
Continuously monitoring and measuring performance relative to objective standards and the investment policy statement, as well as taking corrective action as needed
Avoiding conflicts of interest and prohibited transactions
By
adhering to prudent planning and investment processes, while avoiding
questionable business practices, GFM improves the likelihood of providing our
clients with successful financial advice.
This is our commitment to our clients.
Grossman
Financial
Management
Tel: (707)
E-mail: info@grossmanfinancial.com
DISCLAIMER: The Company only transacts business in states where it
is properly registered, or excluded or exempted from registration
requirements. Past performance may not
be indicative of future results.
Therefore, no current or prospective client should assume that the
future performance of any specific investment, investment strategy (including
the investments and/or investment strategies recommended and/or purchased by
adviser), or product made reference to directly or indirectly on this Website,
or indirectly via link to any unaffiliated third-party Website, will be
profitable or equal to corresponding indicated performance levels. Different types of investment involve varying
degrees of risk, and there can be no assurance that any specific investment
will either be suitable or profitable for a client’s investment portfolio. No client or prospective client should assume
that any information presented and/or made available on this Website serves as
the receipt of, or a substitute for, personalized individual advice from the adviser
or any other investment professional.
Historical performance results for investment indexes and/or categories
generally do not reflect the deduction of transaction and/or custodial charges
or the deduction of an investment-management fee, the incurrence of which would
have [the] effect of decreasing historical performance results. This web-site is for informational purposes
only, and does not constitute a complete description of our investment services
or performance. This web-site is in no way a solicitation or offer to sell
securities or investment advisory services, except in the state of