Category: FAQs
13 posts categorized as "FAQs"
What does the designation Certified Financial Planner (CFP) mean?
March 18, 2011
The Certified Financial Planner (CFP) professional credential was developed to differentiate planners who provide comprehensive, interdisciplinary planning from other professions, such as insurance agents or accountants, whose focus is narrower and reflects their particular area of expertise. CFP® candidates must complete a comprehensive university-level course of study covering all the disciplines in financial planning. Following…
What does the designation Chartered Financial Analyst (CFA) mean?
March 18, 2011
The CFA Program is a graduate-level self-study program that combines a broad-based curriculum of investment principles with professional conduct requirements. No professional financial credential is as rigorously focused on investment knowledge as the Chartered Financial Analyst designation. Only investment professionals who demonstrate ethical, professional, and educational excellence earn the CFA charter. Since the first CFA…
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…
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…
Is there any kind of lock-up or reason why I can’t move my account if I am dissatisfied?
January 13, 2011
There is no lock-up for funds invested with us.
Sometimes I need financial guidance on things that don’t have anything to do with my account; are you willing to help me with these other issues?
January 13, 2011
We strive to be our clients’ first stop for all of their financial advice, and encourage our clients to contact us with any questions they may have surrounding any of their financial needs. If we do not have a sufficient answer to a question right away we will often consult with any number of experts…
Who is Western International Securities, Inc?
January 13, 2011
Western International Securities, Inc. (WIS) is an independent securities firm that provides Financial Advisors with compliance and back office support. They are a Registered Broker Dealer and a Registered Investment Advisor. Western International Securities has a clearing relationship with JP Morgan Clearing Corp and works with independent advisory firms like BCS. Should you desire to…
What is the relationship between Western International Securities and JP Morgan Clearing Corp?
January 13, 2011
Western International Securities’ clearing firm is J.P. Morgan Clearing Corp (JPMCC). JPMCC provides the following: Certain custody services for clients’ accounts Account protection for clients through SIPC Services incidental to the clearance and settlement of transactions Margin credit to clients’ accounts carried by it