Investment Management

There is no client requirement to open an investment account or maintain a minimum account balance with the Firm. Furthermore, clients always have the option of purchasing recommended investment products through other brokers or agents. I have chosen to employ Charles Schwab & Co. Inc. (Schwab) as my investment broker of choice. In order to efficiently review client investment accounts under management and thereby maintain low investment management fees for the service, it is essential to concentrate accounts under management at a single broker.

Investment portfolio plans will depend on client objectives, risk tolerance, and security preferences or restrictions. An investment portfolio may include fixed income securities, such as, certificates of deposit and bonds, corporate stocks, variable life and annuity policies, and mutual funds, including money market, bond, and corporate stock funds.

Management of investment portfolios may be on either a discretionary or non-discretionary basis or some combination thereof. Non-discretionary means all changes to the portfolio are at the specific direction of the client. Discretionary means the Firm may make investment decisions without consulting with the client first. Unless otherwise agreed upon in writing, investment portfolio management is always on a non-discretionary basis. Portfolio management may also be on some combination of discretionary and non-discretionary, such as where the client has agreed to certain mixes between fixed income and equity securities and/or specific securities, and the Firm will re-balance the portfolio on that basis from time to time.