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How Does The Step Stone Financial Wealth Management System Fit Into Your Situation?

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Find out what "Full Service Brokerage" Really Means!

Markets go up, Markets go down. There’s nothing anyone can do about that.

Stocks go up, Stocks go down. All we can do is try to be right more often than we’re wrong.

Since 1986 I’ve been in the business of advising Individuals, Corporations, Foundations and Organizations on where, when and how to invest assets. In all that time, I’ve never had the tools that I now have to assist clients in a holistic fashion as I can with the Step Stone Financial Wealth Management System.

As you can see from the two linked videos (above, click on the words after “Click Here”) Our Wealth Management System allows you to consolidate all of your information, regardless of whether you consolidate all of your accounts here. The system is agnostic, it works with all the major financial entities (and many of the minor ones) If your account information can be accessed on the web, it can be included on your own personal, safe, secure website.

But this service goes even farther. Add your non liquid assets too. Your home, your vacation home, you can even add your retirement “Dream Home” as a liability so you can track your progress towards achieving that dream. Add you coin collection, your fine art collection, your antiques, and/or your Baseball Card collection. All of these can be compared to an index made up of like assets and can be marked up or down with that index on a monthly, quarterly or annual basis as you see fit.

Modern Portfolio Theory (MPT) is preloaded into the System, so that the monitoring of your asset allocation can be econometrically sound and not based on emotional factors. This discipline helps us to avoid the pitfalls of both “Fear” and “Greed.”

Monte Carlo Simulations are used to determine the probability of the success of your asset allocation given over 1,000 different economic scenarios. These simulations can show when one is taking too much risk as well as when one is not taking enough risk. Keep in mind that the projections or other information generated by this analysis regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.

Robust Financial Planning Solutions are integrated into the Step Stone Financial Wealth Management System. The add-ons will help us suggest estate planning, retirement funding, educational funding and tax efficiency solutions for your particular situation, based on the holdings in your total portfolio. These solutions are updated as tax and estate laws change.

What Are The Costs?

“It’s not always something, but it’s never nothing!”

I wish I could say Ben Franklin said that, but in reality, it was me. The fact is that nothing is free. This System is expensive and while I am happy to provide it to clients, I know that it will cost me money to do so.

Each case is different, depending on how many hours of work go into updating information, preparing reports and alerting clients to changes in the portfolio. On average we find that the fees for this level of service are about 25 Basis points (one quarter of one percent) on assets under advisement. This total however is offset by any other commissions or investment fees generated by Step Stone Financial.

So; for example, if you had $1,000,000 in assets under advisement and were paying 25 basis points the total would be $2,500 for a year.

Now, if $250,000 of those dollars were in a “Fee Based Managed Account” at the rate of 1.5% management fee (of which .5% was paid to the manager, and 1% to Step Stone Financial) the fees on the managed account would offset the fees for the Step Stone Financial Wealth Management System.

Our minimum goal is to show you strategies to potentially earn and/or save you at least twice the fee that you are paying. We expect that we will be able to do this by helping you find lower cost alternatives to high fee products, and by showing you higher yielding alternatives to the assets you have. Whether you do this business with us or with your other advisors is immaterial to us; our goal remains the same.

If you’d like more information or would like to join me in an more formalized advocacy relationship, Call me at 866 788 7753 or use the “Ask Us A Question” icon to the left.

Image “100 Kings” used with permission of artist, Robert J Hacunda. To view more of this artist’s work please click here