Date: January 2011
19 posts in January 2011
What is a Fiduciary?
January 28, 2011
When we manage an account on a discretionary basis we are, by law, fiduciaries. A fiduciary is a person to whom property or power is entrusted for the benefit of another; a fiduciary must act in the best interests of the person(s) bestowing this trust. This is also known as a “fiduciary duty”. While we…
Other Questions …
January 19, 2011
What has been done to minimize taxes? Who are the right people to make decisions Executor, Trustee, Guardian How will any applicable taxes be paid? What is the most effective way to liquidate the estate?
What strategies have you not considered?
January 19, 2011
Family Limited Partnerships Credit Shelter Trust QTIP / QDOT Trusts Children’s Trusts Power of Attorney Healthcare Proxy / Living Will
Will your assets be transferred according to your wishes?
January 19, 2011
Will Beneficiary designations Outright lifetime transfers Re-titling Trusts
Which assets will you pass to others?
January 19, 2011
Business Home, other properties (Art, collectibles, jewelry, etc…) Stock and stock options IRAs and 401(k)s Bonds Investment in Real Estate Other Securities
When is the best time to transfer your assets?
January 19, 2011
During your lifetime Upon your death Upon your spouse’s death
To whom will you leave your wealth?
January 19, 2011
Children or grandchildren Spouse Other family or friends Charity / Institutions / Endowments
What makes BCS Private Wealth Management different from other advisors?
January 13, 2011
We pride ourselves on our high level of service; however, there are many other aspects of our business that we feel set us apart. In addition to being an Advisor, we are also a Portfolio Manager. Many Advisors hire outside managers to invest their clients’ portfolios. At BCS, because the Advisor and Portfolio Manager are…
How often do you contact your clients?
January 13, 2011
We contact our clients as much or as little as they desire. Generally we reach out to them anytime there are changes in their account as well as regularly for account and financial planning reviews. We also send out a quarterly newsletter. Whether we speak clients weekly, monthly, quarterly, or semi-annually is determined by the…
How does BCS Private Wealth Management make money?
January 13, 2011
We are a fee-based investment advisor and charge a percentage fee based on a client’s total assets under management (AUM). We feel this aligns our interests with yours when managing your account; as the total value of your accounts changes, our fee moves in tandem as it is a set percentage of total AUM. We…