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Yes! We are intentionally set up as a fiduciary. We are set up in a way in which we are required by law to provide advice that is in the best interest of the client. In contrast some companies have been set up under the suitability standard. The suitability standard requires a company to provide advice that is suitable for a client based on their circumstances, but not necessarily in their best interest. We believe all clients should work with advisors that have set themselves up under the fiduciary standard.
Stonecrop is a fee-only Registered Independent Advisor (RIA). Stonecrop charges a quarterly percentage fee based on assets under management. The quarterly fee is the only revenue we receive from the client. We never sell products or receive commissions.
Stonecrop Wealth Advisors starts with a client’s financial objectives in order to recommend a diversified portfolio that best supports the plan to achieve those objectives. We implement a strategic asset allocation that the client can commit to over the long term. Stonecrop utilizes long term quantitative assumptions in different areas of the market to develop an allocation that we believe provides the best opportunity for the client to capture the most return for the amount of risk that they are willing to take. We may also implement tactical shifts within the strategic asset allocation in an attempt to take advantage of opportunities we perceive in the market at a given time.
Most investments utilized in a portfolio are diversified ETFs and Mutual Funds. Stonecrop has implemented a rigorous quantitative process to identify some of the best-in-class funds. After the quantitative analysis has been completed Stonecrop will get to know different aspects of the fund. We believe that it’s important that the fund has a team that works well together, that the fund’s philosophy aligns with our philosophy at Stonecrop, and that they have a repeatable process.
We continually monitor the overall asset allocation of each client’s portfolio to ensure that a portfolio does not inadvertently become too risky, or not risky enough. We also monitor each of the funds within the portfolio to ensure that they continue to provide the intended exposure to the markets.
We use Fidelity Investments as the custodian of our clients’ assets.
While we do not have a minimum investment requirement, we believe strongly in the necessity of working with clients for whom an ongoing financial advisory relationship will be beneficial. We believe in earning your trust by providing you with a financial plan that integrates your objectives and goals and ultimately sets you up on a path to a more prosperous future.
We thrive on helping individuals and families align their financial resources with their deeply held beliefs, and assisting mission-driven organizations by managing their assets with the goal of continual growth of assets and the spread of their closely held mission.