Like other fee-only advisors, Reilly Financial Advisors is compensated solely by a percentage of the assets we manage for our clients. We do not receive commissions on trades or on products or services selected for clients. We have no surrender charges or administrative costs relating to client accounts. A fee-only compensation structure allows us, and advisors like us, to make decisions based solely on what we truly believe will help clients reach their financial goals.
As a fee-only provider of professional financial services, Reilly Financial Advisors charges a clearly defined fee to our clients. Our broad array of services—including investment, wealth, and relationship management—are covered exclusively by our fee: a percentage of each client’s assets under management. Our fee is clearly defined in our initial client meetings, and all statements clearly outline the quarterly management fee charged to accounts.
As an independent registered investment advisor (RIA), Reilly Financial Advisors is independent of any other financial institution and has no proprietary products. Unlike stockbrokers, RIA firms hold a fiduciary responsibility to always put their clients’ best interests first. Black’s Law Dictionary stipulates the following: “A fiduciary has a duty to act primarily for the client’s benefit in matters connected with the undertaking and not for the fiduciary’s own personal interest. Scrupulous good faith and candor are always required.” This means that we chose to turn our moral obligation into a legal requirement, always putting our clients’ best interests before all other considerations. We have never regretted this decision and will never modify this obligation to you. Other benefits of working with an RIA include peace of mind in knowing that all fees have been fully disclosed and not paying commission on every trade.
Yes. Our investment team adheres to its own proprietary investment strategy. Reilly Financial Advisors’ proprietary stock selection process incorporates a 20-point inspection, screening the entire universe of more than 65,000 stocks and going far beyond conventional number crunching to evaluate the fundamentals of companies, such as the skill of management teams in generating profits and the competitive environment of the industry. Our Investment Committee constantly monitors holdings and decides as a team to add or eliminate select positions within our clients’ portfolios. In addition, we use a number of independent third-party research sources when analyzing potential investments and current holdings.
Our process is in stark contrast to that of many industry advisors who simply provide clients with a questionnaire regarding risk and then assign them a level of risk tolerance fitting a prepackaged portfolio model. As part of our wealth management process, Reilly Financial Advisors first helps determine how much money a client will need to reach their financial goals, then determines how much risk the client will need to take to achieve those goals. We believe that many investors take on more risk in their portfolios than they need to—and oftentimes more than they are comfortable with.
Yes. We’re happy to recommend tax-efficient strategies to transition from your current holdings into more suitable positions, if applicable. This can be done immediately and all at once or gradually, depending on your needs and the risks associated with how your current portfolio is constructed.
As an independent Registered Investment Advisor (RIA), Reilly Financial Advisors does not hold custody of your account(s) and is restricted by specific laws and regulations. As such, we do not physically hold your money or investments, nor do we produce your monthly statements. Instead, we use firms such as Charles Schwab or TD Ameritrade as our clients’ custodians to hold money and execute trades. Reilly Financial Advisors and your custodian are separate companies with no overlapping management or control, providing a clean system of checks and balances. Our clients never lose control of their accounts and always have real-time access to their account balances and holdings.
You may easily access your account(s) 24/7 through the Reilly Financial Advisors secure website, directly through your custodian’s website, or using the Reilly Financial Advisors app (available through the App Store and Google Play). As a client of Reilly Financial Advisors, you can rest assured that you will be kept well informed of our investment decisions and transactions within your accounts. We remain continuously available to meet with clients in person, via video conference, or over the phone as often as necessary. We also provide quarterly reports, periodic market updates, a weekly market update vlog, and regular account reviews.
The CERTIFIED FINANCIAL PLANNER™ certification is globally recognized and granted after completing a rigorous course of study and passing a comprehensive exam on financial planning. CFP® professionals must adhere to a rigid code of ethics in order to remain certified. Reilly Financial Advisors believes that credentials like this one are an important indication of an investment firm’s dedication to excellence and integrity. (Learn more at www.cfp.net)
The Chartered Financial Analyst® (CFA®) program is a globally recognized graduate-level self-study program for investment professionals. A CFA® charterholder must initially meet professional requirements before applying for and completing the program. In order to gain the CFA® designation, candidates must have four years of qualified work experience, possess a bachelor’s degree from an accredited institution, and pass a series of examinations. On average, the CFA® program takes four years to complete. At Reilly Financial Advisors, we believe that the benefits of a CFA® charterholder are invaluable and add a unique understanding to our team. (Learn more at www.cfainstitute.org)
Does Reilly Financial Advisors’ financial planning process include tax analysis and estate planning?
Yes. As a wealth manager, Reilly Financial Advisors carries out a comprehensive financial planning process that takes into consideration all aspects of each client’s financial situation. We have a network of resources to provide legal and insurance services when necessary, including our in-house Certified Public Accountants (CPAs), who can provide tax analysis and prepare tax returns for our clients.
Asset allocation is the practice of distributing investments among different types of assets, such as stocks and bonds, to optimize the trade-off between risk and return. Reilly Financial Advisors believes that asset allocation is used most effectively when it is oriented to an investor’s specific investment goals and carefully considered personal objectives.