The most common request is a low-cost way to gain access to good asset management, without proprietary funds and high expense ratios. This seems like a reasonable request and one that we’ve been able to provide a solution for. Our portfolios are created using individual stocks and/or low-cost exchange traded funds (ETFs) offered by companies like Vanguard, so the expense ratio of our portfolios is very low, allowing investors to have less drag on performance so they keep more of the return that the portfolio offers.
One other common request is for the proper structuring and trading of accounts so they are as tax-efficient as possible. Everyone hates to pay taxes, especially if there are ways to properly structure the management style of an account to improve tax efficiency and, again, help investors keep more of the return that the portfolio offers.
Good portfolio management doesn’t have to be overly complicated. Many of the managers we’ve seen use complicate algorithms that are difficult to understand and never really seem to measure up to what the markets are able to achieve. The end result was a confused client who was disappointed with unmet expectations. That isn’t a great position for a client or advisor to be in, so we created portfolios that are simple and easy to explain and understand. They are designed to be measurable against the most common benchmark indexes, so expectations can be set that are much easier to understand.
Our team has always worked toward creating and providing an experience for clients so they have access to the information they want and need in a format that is easy to use and full of features that help you monitor your accounts. We have partnered with one of the premier financial technology firms in the country to bring that experience. WIM provides access for clients to see their performance, history, transactions, asset allocation, position detail and much more from their computer or mobile device. They also have a document vault available for the storage of any financial, tax, estate planning or any other pertinent documents so these items can be stored and/shared securely.
Clients and advisors have asked for portfolios that are simple, low cost, tax managed for efficiency, with technology available that allows for instant access to account data in an easy-to-use format. Wealthspan Investment Management listened and has built our platform to best serve the clients and advisors that will trust us to manage their assets.