Please click the questions below to discover the answers.
Expertise, experience and trust.
Financial success is about investing, but also much more. At FPC, we are experts in everything from investments to financial planning to tax optimization. And we work with some of the very best lawyers and accountants to address our clients’ most complex challenges and opportunities.
At FPC, we believe we have a track record that few advisory firms can match. Through nearly three decades, we’ve guided our clients through all kinds of market and economic conditions—and we’ve helped them remain confident in pursuing their goals.
We take our clients’ trust very seriously. We have aligned our ideals and our business model to provide service that put your interests first, with absolutely no exceptions.
There are two standards of client care within the financial advisor world. One, known as the “suitability” standard, requires that advisors’ recommendations merely be “suitable” to clients’ needs. At FPC, we believe that the suitability standard leaves too much room for conflict of interest.
We adhere to the far more stringent “fiduciary standard.” As fiduciaries, we are required to act with undivided loyalty to our clients. We must place your interests ahead of our own and provide unconflicted advice and guidance in all situations.
The reason we choose to operate as fiduciaries? Confidence. We want you to know categorically that we are on your side. When you are confident that we are truly your partners, real trust becomes possible. And trust is the foundation of the strongest and best client-advisor relationships.
There are two typical ways that advisors are paid. “Commission-based” advisors collect a sales charge every time you buy an investment or other financial product that they recommend. We believe that creates a temptation for advisors to sell you more products, more often—and also to steer you toward those that pay them the highest commissions.
Fee-only advisors, on the other hand, are paid in a way that is designed to minimize conflicts of interest. At FPC, some clients pay for advice on an hourly basis. We work with those clients for as many hours as they would like and charge a fee that is clearly stated up front. Other clients choose to pay us an ongoing fee in the form of a reasonable percentage of the assets they entrust to us. That ongoing fee means we’re never tempted to think about “what’s in it for us” when choosing the best products and solutions for you.
Generally we require that you maintain a minimum of $1,000,000 in assets under management. However, at our sole discretion, we will reduce the asset level based upon certain criteria (i.e. anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be managed, the amount of time necessary to manage the assets, related account values, account composition, negotiations with client, etc.)
Many advisors create an investment portfolio for their clients and make relatively few changes to it, even in times of market volatility. We believe advisors owe their clients more: We actively monitor and adjust your investment mix on an ongoing basis with the goal of protecting your capital and seizing opportunities in the market.
When choosing investments, we’re cognizant not only of their quality but of their cost as well. Studies have shown that minimizing transaction costs can significantly improve investment results. Accordingly, we typically recommend mutual funds or exchange-traded funds with low or no transaction fees.
We charge an annual fee ranging from 1.25% to 0.50%, depending on the amount of assets we manage for a client. The fee is charged in monthly increments.
Taxes are typically one of the largest bills that families and individuals pay each year. Minimizing the amount you owe, not just this year but over the long term, can make a big difference in achieving your financial goals. So tax guidance is valuable—and because we are licensed tax practitioners, we can provide a level of guidance that other advisors cannot.
Just provide us with a copy of a current statement from that advisor. We’ll take care of setting up a new account and having your asset transferred.
Our clients’ assets are held by the custody unit of The Charles Schwab Corp. FPC has no direct access to its clients’ money.