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Financial News
7.30.2010
Market Update Podcast
Listen in for the latest financial market news!
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7.29.2010
ETFs for the Wealthy
Exchange traded funds (“ETFs”), once used as simple building blocks of “beta” exposure in small accounts, have become more sophisticated and can be effective tools used in a number of high-net worth portfolios.
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7.14.2010
Why the brokerage makes money and you don’t
This recent article in the New York Times highlights the multiple ways in which a brokerage house does not serve your best interest. Unlike what the article suggests, you don’t have to “learn to live with it.”
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5.26.2010
When 100% “Protected” Equals Zero
This recent article from the NY Times highlights a consistent problem we see – high commission products being shoehorned into portfolios.
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4.19.2010
The Game is Rigged
Many people have been inquiring about the Goldman Sachs situation in our offices. While conflicts of interest plague brokerage houses (not our firm), the allegations in this case are particularly disturbing.
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3.6.2010
We don’t face tough ethical “choices,” we are simply ethical
Unfortunately, we see the impact that commissions and corporate compensation structures can have on thoughtful portfolio designs – it isn’t pretty.
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2.1.2010
A Plan for Pro Athletes
Unfortunately there are a lot of examples of those who come into sudden wealth at a young age who ultimately lose their financial footing and declare bankruptcy. This does not have to happen.
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1.13.2010
A Decade of Violated Trust
Every industry and business faces challenges; however the recent developments in our industry have challenged the very core of finance.
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1.7.2010
Brokers Flee Big Firms
Independent financial advisors, like Sierra Nevada Wealth Management, are gaining ground from Wall Street brokers in the competition to manage more than $5 trillion in Americans' savings.
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12.16.2009
The Closet Indexing Problem
This is a significant problem in many of the portfolios we see.
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Advantages
As an independent firm owned entirely by its employees, Sierra Nevada Wealth Management offers several distinct advantages to clients when compared to other outlets and sources for investment management and financial services.
We Serve Your Interests, and Yours Alone
At Sierra Nevada Wealth Management, our compensation comes exclusively and directly from our clients. We accept no commissions, referral fees or expense reimbursement of any type from any other source. We do not work for a brokerage, bank or insurance company. We are not salesmen in “advisors” clothing. We are beholden to do the best for our clients, and our clients alone. This allows us to make unbiased recommendations and execute them at the most favorable end cost to our clients.
Clear Compensation
The fees our clients pay are determined in advance and easily calculated. Clients can then decide if in fact they are receiving value for the services performed. In other common financial services arrangements costs are difficult, if not impossible, to determine and are driven by the types of products the client buys, and the frequency with which changes to the account are made. This works counter to the interests of most investors.
No Proprietary or Platform Restrictions
Investment opportunities continue to expand exponentially, faster than any one organizational platform can evolve. Sierra Nevada Wealth Management has partnered with one of the largest institutional brokerages in the United States to provide back office services (Schwab Institutional) but retains the flexibility of an independent firm to invest in the widest array of traditional and alternative investments, unencumbered by any exclusivity or employment relationship. Our open architecture gives us the greatest flexibility to design optimal portfolios for our clients.
Institutional Expertise and Insight
The growing complexity of investment opportunities requires specialized expertise in the areas of strategy evaluation, risk-adjusted performance and due diligence. At the same time, the ability to achieve “average” performance levels is becoming less and less expensive. This allows for the reallocation of investment management fees to investments which offer the prospects for outperformance, or to other areas of a financial profile, including comprehensive financial planning. The principals of SNWM have extensive experience in these areas and balance these considerations with each client’s situation and objectives.
Firm Stability and Durability
The principals are the only owners of Sierra Nevada Wealth Management. You will always deal with us. We will not be transferred, reassigned or hop to another firm for a “better deal.” We will not exit the business after a bad market “quarter or two.” We like working with our clients, simplifying the complex world of finances and helping them achieve their financial objectives at the lowest possible risk levels. We enjoy what we do.
Fiduciary Responsibility
We encourage all investors, including those who do not work with us, to only work with those financial advisors who have a legal, fiduciary responsibility to serve the interests of their clients. It is important enough that we created a separate page on this subject.