FAQ

What do you specialize in?

We specialize in financial planning and investment management. Many of our clients are successful business owners or professionals  who are either retired or planning to retire within the next 5 years. 

What do you charge for an initial consultation?

We do not charge for the initial consultation. After our first consultation, we may agree to meet a second time. We are looking for life-long relationships with a very limited number of clients. For this reason, we require two meetings before you (or we) determine if we'd be a good fit.

Is your Wealth Management program good for everyone?

Our wealth management process is highly consultative in nature, so it is not an ideal fit for everyone. Examples of when we might NOT be a good fit  ....

  • If you have less than $1 million to invest
  • If you are trying to "beat the market" 
  • If you reside outside of the United States
  • If you are in collections and/or your minimum credit card payments exceed your income
  • If you are in bankruptcy or considering bankruptcy
  • If you have no household income

What is your account minimum?

Currently our minimum relationship size is $1 million for portfolio management, which includes financial planning. 

We do not have a minimum account size for financial planning only or financial consulting only. 

Why do you have a minimum account size for portfolio management? 

We love to help as many people as we can; however, our time is limited. Our main focus is to help a limited number of select clientele who receive tremendous benefit from our advice. 

What are your fees? 

You may find our fee schedule here.

Will you work on a commission-basis rather than on a fee-basis for my investments? 

No.

Are you a fiduciary?

Yes. As a Registered Investment Advisor in the state of South Carolina, Palmetto Coast Wealth Management is held to a strict fiduciary standard, which we put in writing. This means we are required by law to put our clients' interests ahead of our own. You can read more about Our Fiduciary Standard here

What does Palmetto Coast do to ensure the safety of my money? 

Our clients expect their money to be safe from theft or fraud. Here are some steps we take to ensure the highest level of security:

  1. We never take custody of your money. All accounts are maintained in your name with one of the leading independent "custodians" like Charles Schwab, Fidelity, or TD Ameritrade. Anytime you write a check to fund your account, you'll make the check payable to your custodian - not to us.
  2. These custodians all carry SIPC insurance, which protects investors against fraud.
  3. You'll receive monthly statements directly from your custodian, and a confirmation each time there is activity in your account.
  4. Your custodian can only send funds to you at your address of record or your bank account.
  5. You'll have 24/7 access to view your accounts online directly through your custodian's web site. 

Why do I need an advisor? Can't I just do it on my own?

Not everyone needs wealth management, and not everyone is the right fit for our wealth management program. Our clients, however, find that the planning, structure and investment discipline liberates them from the stress of doing it on their own. They often find they are able to implement their plan more efficiently than they could if they tried doing everything solo. Time is our most valuable asset. Hiring us to do what we love means you get to spend more time doing what you love.

Why do you limit the number of clients you work with? 

Some advisors work with hundreds of clients. The result is they may not have the time to spend with you as often as you need. We work with a limited number of select clients so we can provide you with the highest level of service.