Katto Financial LLC |
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| *What Is an Independent Financial Advisor? Charles Schwab states that a typical independent financial advisor: Evaluates a client's needs and risk tolerance and advises on appropriate investments Monitors a client's portfolio and may also provide regular reports on portfolio performance May provide other wealth management services regarding retirement planning, trusts, tax issues, charitable giving, and estate and financial planning. Some independent advisors may build partnerships with other financial professionals to whom they can refer clients Uses a broker-dealer, bank or other custodian to hold assets and execute and/or settle trades Typically charges a management fee based on a percentage of a client's total portfolio value (typical range is 80-150 basis points or 0.8%-1.5% per year). Alternatively, an advisor may charge an hourly or flat fee |
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| email: [email protected] phone: (248) 835-9112 fax: (419) 858-4570 |