Who are typical clients of Seattle Portfolio Company?
Clients are typically families and individuals. They may hold their investments in regular accounts, retirement accounts, trust accounts, college saving plans or a combination of these. New clients are typically investing proceeds from employment benefits, inheritance, retirement savings, or other funds. The minimum investment for a new Managed Account is $800,000.
What types of investments does Seattle Portfolio Company typically suggest?
Most client investments are no-load mutual funds. A mutual fund is a large, diversified pool of investments with an investment objective and a management team. "No load" means that there are not sales commissions paid from your investments to your advisor. The suggested mutual funds invest primarily in stocks and bonds. A small portion of investments may be placed directly in individual stocks for clients who are interested.
How will I learn about past performance of suggested investments?
For each suggested mutual fund investment, you will receive rate-of-return information for the prior quarter, the prior year and the prior three years. For stocks, you will receive rate-of-return information on each of the two previous years. Because suggested investments are not guaranteed, and have volatility in their value, the past performance does not guarantee future results.
As my investment advisor, what can I expect from Seattle Portfolio Company?
You will receive information and advice about investment strategy that is tailored to your goals and objectives. You will receive specific investment recommendations. You will receive a thorough quarterly review of your situation, including rate-of-return information on your investments and your overall portfolio. You will receive ongoing monitoring and advice about your investment strategy and specific investments. You will have an advisor who is generally available to answer your ongoing investment questions. All investment changes are non-discretionary, which means you will be involved in decisions to make changes on your account.
Specifically, what can I expect in my quarterly review?
You will receive a personal cover letter reviewing the prior quarter, and discussing any ideas for future changes. You will receive a consolidated statement of the names and values of your investments in your Managed Account. For each type of account (i.e., IRA, regular, etc) you will receive portfolio and investment performance (rate of return) for the recent quarter, and portfolio performance for longer periods we have worked together such as one year, two year and since inception.
What other services are available?
Seattle Portfolio Company may be able to help you develop a general long-term financial plan to answer questions such as "When can I realistically retire?" or "How much house can we afford?" They also may be able to discuss or advise on your current employer retirement plan (401k, 403B, etc.) While you are still employed, these assets would not be part of a Managed Account. Whether they can help in these areas is dependent on Seattle Portfolio Company 's, familiarity or resources needed to advise on your particular situation.
What is M. Allison Beezer, CFA's education and experience?
M. Allison Beezer, CFA, is the portfolio manager at Seattle Portfolio Company. She holds an MBA from Cornell University's Johnson Graduate School of Management in New York. She is designated a Chartered Financial Analyst by the Association for Investment Management and Research. She holds an undergraduate degree in business from Santa Clara University. She is authorized as an Investment Advisor in the State of Washington and has passed the NASD Series 65 exam. She is a member of the CFA Institute, CFA Seattle and the Social Investment Forum. Her career in investment management began in 1987. Her independent business was begun in 1994.
What are the advisory fees for a Managed Account?
The annual fee is 1% of the value of the Managed Account, billed following each quarter at a rate of 0.25% of the quarter's ending balance. Invested household assets over $500,000 are billed at the discounted rate of 0.8% per year (or 0.2% per quarter). There is a non-refundable starting commitment of $500 which is a credit toward your first invoice. Otherwise, fees are billed after service. Occasionally, there are other small investment-related fees for transactions or retirement accounts. Seattle Portfolio Company, is not compensated in any way by the investments recommended. For the Managed Account, there is no additional charge for meetings, email or telephone consultations to discuss your investment portfolio.
How do we get started?
If this sounds right for you, please call for a complimentary introductory telephone consultation or meeting so that you can learn more before making a decision to work together. Initial meetings will involve establishing goals and objectives, and making new investments. If you are interested in getting started or learning more, please call (206) 323-3700.
A disclosure statement, Form ADV Part II, is available on request for qualified, prospective clients.
