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Q. What services do you offer?
A. We offer three primary
services; investment
management, investment
consulting, and wealth
management. With our investment management
service, we are responsible for managing a client’s
portfolio according to their financial needs
and preferences. With our investment consulting
service, we provide advice and counsel to our
clients, but our clients have the final responsibility
for making and implementing final decisions.
With our wealth management service, we provide
broader financial advice beyond just investments,
but investment issues are often a key component
of our wealth management service.
Q. What do you think
makes your firm unique from other financial
firms?
A. We believe that three factors
make us unique. We are independent, unbiased,
and highly qualified.
Independence in ownership allows us
to make decisions that are customized to the
needs of our clients. Rather than having headquarters
pass down mandates that apply to all clients,
we choose how to best serve our clients. Customized
advice is difficult when there is not total
independence.
Unbiased advice is more crucial than
ever. Many companies want to sell their own
products and financial advisors are often paid
commissions or bonuses for selling a certain
product. We do not sell any products or receive
any commissions. We are paid by our clients
to give them the best advice which meets their
needs only.
Highly qualified advice is what we
strive to offer our clients. Professional qualifications
can set advisors apart, as can experience and
reputation. But if a firm is highly qualified
yet has far too many clients, it is very difficult
to provide the client with timely, well planned
advice. Good advice takes time. We also carefully
interview our prospective clients to make sure
we can adequately provide them the time they
deserve for their investment and wealth management
needs.
We believe the combination of independent,
unbiased, and highly qualified advice is a unique
combination, but one which is necessary to provide
clients with the level of timely, well-reasoned
advice they deserve.
Q. How do you charge for your services?
A. For our investment management
and consulting services, we charge a percentage
of the assets under our management or consultation.
For our wealth management service, we charge
a customized fee which is determined according
to the anticipated needs of the client.
Q. With your investment services, do
you recommend individual stocks and bonds, mutual
funds, index funds, or outside investment advisors?
A. We use all of the above,
but not for every client. Because we are free
to do whatever is best for a client, we can
use any combination of investment strategies.
Regardless of the specific type of investment
used, our investment services are governed by
a written Investment Strategy we prepare for
and review with our client. And if a fee is
charged by an outside company (for example a
commission to purchase a stock), we disclose
the fee and we receive no benefit from the fee.
Q. When you provide investment services,
does the investment account need to be moved
to a new brokerage firm?
A. Our investment clients
are free to use whichever brokerage firm they
prefer. For investment management clients, where
we make the decisions and trades, we simply
need to have authority to work directly with
the brokerage firm on their behalf. For investment
consulting clients, the client implements all
recommendations they choose to adopt and works
directly with the brokerage firm.
If a client asks us to recommend a brokerage
firm, we will offer several recommendations.
Q. How would you suggest we evaluate
whether to retain Miller Capital Partners?
A. We suggest you review our
written materials
which describe our firm and our services. Also,
we file a document with the government which
provides detailed information about our firm
(called an ADV Form). Contact our references
if you wish. Ask us
how we perform our day to day research and analysis
for clients. Ask us
any question you feel is important. But most
importantly, we recommend you meet with us and
decide whether our firm has an approach you
understand and feel comfortable with. In other
words, do you believe you can trust us to provide
you with the financial advice and investment
service you feel you will need?
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