Financial Avenues believes that purpose of your investment portfolio is to fund current and/or future objectives. The design of the portfolio must take into account your financial objectives, tolerance for risk, needs for current income or liquidity and special considerations such as income and estate taxes.
The important thing to remember is that no one can predict the future. It is often a difference of opinion that makes a market. Investment and economic ”experts” provided with the same information often come to different conclusions. We do not suggest that we, or that any of the money or mutual fund managers that we recommend, can make the correct decision every time. We believe the appropriate allocation of investment assets for your goals and risk tolerance is the most important component in developing an investment portfolio. It is also our belief that having a diversified, well-balanced portfolio, following long-term buy-and-hold strategies and having patience will increase the likelihood that you will achieve your long-term financial objectives.
When recommending investments, we look at the current economy, the outlook for various asset classes and securities and learn about your preferences and risk tolerance. In addition, investment fees and your overall goals are incorporated into a specific investment strategy for you. Primary investments recommended include mutual funds and exchange-traded funds.
If you already hold stocks or a stock portfolio, we would review the holdings and provide recommendations. We would not necessarily recommend moving out of stocks currently held unless there was a reason for doing so. Otherwise, Scottrade’s brokerage area would be available to assist in the individual stock selection if so desired.
Investment management services are available based on a flat fee retainer and the frequency in which you would like a review (quarterly, semi-annual or annual). Your investments may remain where they are located or you may take the recommendations provided as to whether to move them to another provider. Currently, Financial Avenues utilizes Scottrade Advisor Services to custody assets.