At The Nalls Sherbakoff Group, we offer discretionary and non-discretionary portfolio management services. If you retain our firm for portfolio management services, we will meet with you to determine your investment objectives, risk tolerance, and other relevant information at the beginning of our advisory relationship. We will use the information we gather to develop a strategy that enables our firm to give you continuous and focused investment advice and/or to make investments on your behalf. Once we construct an investment portfolio for you, we will monitor your portfolio’s performance on an ongoing basis, and will rebalance the portfolio as required by changes in market conditions and in your financial circumstances.
We develop a strategy that enables our firm to give you continuous and focused investment advice and/or make investments on your behalf.
If you participate in our discretionary portfolio management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment advisory agreement you sign with our firm and the appropriate trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased for your account) by providing our firm with your restrictions and guidelines in writing. If you enter into non-discretionary arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf of your account.
Portfolio Management Fees
One of the most unnecessarily complicated aspects of investment advice is advisor fees and compensation. Many investment products are laddered with fees, expenses (many of which are not easily calculated) and commissions. Most advisors and brokers are agents, which mean their loyalty is to their firm, versus to the client. If the advisor is a fiduciary, his or her responsibility is to the client. Advisors and wealth managers who are fiduciaries provide independent, holistic advice. At The Nalls Sherbakoff Group, LLC, we are all fiduciaries, and we sell no investment products. Our goal is to provide all of our clients with unique solutions that address their financial problems and challenges.
As such, the fee for portfolio management services is based on a percentage of your assets we manage and is set forth in the following fee schedule: