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"Someone is sitting in the shade today because someone planted a tree a long time ago." -Warren Buffet

Our Investment Philosophy

At Million Wealth Management, we work to make investing fun and simple to understand. We know our clients feel most comfortable when they understand their financial plan and investments. As an investment fiduciary, it is our responsibility to act in the best interest of our clients.

 What is an Investment Fiduciary?

An investment fiduciary is a financial professional who is legally bound to act in the best interests of their clients. Before June 2017, there was no Fiduciary Rule, in other words, there was no legal requirement that financial professionals follow that standard, and not all of them did. Some chose to act in their own best interests while leaving out the clients’ needs or interests. The federal government, industry regulatory agencies, and several state governments, are working diligently to pass some version of a fiduciary rule or law. 

The old standard was akin to selling someone clothes that fit while the proposed Fiduciary Rule means the clothes have to fit while also making the client look good. It’s a subtle yet significant change.

I am pleased to tell you that regardless of law or rule, we have always acted in the best interest of our clients. That will not change. We work with our clients to develop a financial plan that when implemented, will help them reach their goals, whether to save for a new home, retire at a certain age, get married, have kids, or take a dream vacation.

As an investment fiduciary, we charge reasonable compensation. The most we will charge for asset management is 1.35% of your account balance, of which 1/4th is assessed quarterly and appears on your statement as an advisory fee. The 1.35% can be reduced based on the total amount of assets we manage for you. We’re happy to share the fee structure in more detail when we meet with you.

The Fiduciary Rule also requires that financial professionals provide no leading statements about investment transactions, compensation, conflicts of interest, and tell the truth. At this time, there is no way of tracking this so time will tell how effective this change will be.  But we always strive to be very clear about transactions and our compensation on those transactions.  And we always welcome your questions. 

Million Wealth Management is aligned with our broker-dealer Osaic Wealth, Inc., in our dedication to understanding and operating within the Fiduciary Rule to serve clients. Our Form CRS is here.

Asset Management

Investment Advisory Services

Your time horizon, tolerance for risk and overall goals for your money are the key drivers in how we help manage your investments. With that said, the investments we choose for your plan are just one small piece of the puzzle. Your investment  strategy should also take into account and complement your tax strategies, retirement income plan, legacy and charitable giving, longevity risk and education planning, should you have the need.

It is critical we meet at least annually to review your portfolio, assess changes in your circumstances and keep you apprised of issues that may affect your financial future. You can expect virtual and/or face-to-face meetings each year. Additionally, we will touch base by phone, email, and share educational content with you via email or social media.

Our asset management services include: 

Portfolio Reviews

Investment Discussion and Selection

Rebalancing

Tax Gain/Loss Harvesting

Time Horizon Analysis

Risk Tolerance Analysis

Asset Allocation

Research

Required Minimum Distribution Calculatioins and Reminders

Our Asset Management and Advisory Fees start at 1.15% of the assets we manage and can be reduced depending on how much money we invest for you. 

DREAM. GOAL. PLAN. ACTION. REALITY.