25 Ways We Help Clients Build Better Relationships with Their Money
14.) We help clients reduce costly fees while also identifying opportunities to maximize growth through improved interest rates and investment strategies.
Those sneaky banks sometimes reduce the interest or dividend rate on your checking or savings accounts and hide the notice in the fine print – and we know the major investment brokers (Fidelity, Vanguard and Schwab etc.) are constantly changing their “settlement fund” interest rates on a nearly daily basis. Arrivity financial planners regularly discuss the pros and cons of CDs, online bank accounts, i-bonds and money market funds with clients. Not all cash-equivalent saving vehicles and investments are made equal.
When we notice expense ratios increasing in a client’s investment portfolio, we give recommendations on which funds to sell and buy in order to decrease the “fee drag” on the growth of your investments.
Arrivity financial planners can also look at statements from any actively managed investments or accounts you have and show you the amount of total money you are paying (and will continue to pay into the future) based on the Assets Under Management (AUM) fee or higher expense ratios.
If you’re looking to engage in Socially Responsible Investing (SRI) by purchasing SRI funds, or are wanting to invest in Environmental, Social and Governance (ESG) friendly companies, we can create comparison tables and provide recommendations on which investments will likely meet both your social priorities and financial performance requirements.
Please contact us at: Contact Arrivity or 206.217.2583 or info@arrivity.com if we can assist you or someone you know with financial planning.
Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.