Are you a fiduciary?
Yes. As a member of the National Association of Personal Financial Advisors we have signed a Fiduciary Oath to put clients’ interests first.
If you refer me to another professional (estate attorney, CPA, insurance agent, mortgage broker, etc.), do you earn a “finders fee”?
No, ACap does not solicit or accept fees from referral sources; we are ONLY paid by our clients.
Do you engage in soft-dollar arrangements?
No. ACap does not engage in soft-dollar arrangements. Soft-dollar arrangements are when an advisor receives other forms of compensation from investments the advisor recommends. Other forms of compensation may include free research, software, rent, travel, etc.
What are those letters after your name?
Chartered Financial Analyst (CFA) is a graduate level credential recognized around the world as the gold standard for the investment industry. To be eligible for the CFA designation, an individual must: sequentially pass 3 six hour exams (candidates devote an average of at least 250 hours of study per each exam); have at least 4 years of work experience in an investment decision-making role; and adhere to the CFA Institute Code of Ethics and Standards of Professional Conduct.
Who can benefit from ACap’s services?
ACap works with clients in all professions. In particular, our specialty is advising medical professionals.
Who oversees and regulates ACap?
ACap is a Registered Investment Advisor with the State of California, and is subject to rules and regulations set forth by the California Department of Corporations.
What type of authority does ACap have over my accounts?
ACap is only authorized, through a limited power of attorney, to place trades (with written consent by the client) and deduct management fees from client accounts.
Is my information confidential and safe?
Yes. Under no circumstance will ACap share any of your personal or financial information with anyone without your prior written consent.
Do you hold my accounts directly?
No. ACap does not hold any assets. Client accounts are held with a third party custodian who is a nationally recognized discount brokerage firm.
How do you select investments for a client?
ACap employs a proprietary screening process to carefully select the most appropriate investments for each of our clients. Among several other factors, we look for investments that exhibit pure asset class exposure, deep liquidity, low transaction costs, and represent a preponderance of the world’s investable assets.
Are your fees tax deductible?
Yes, asset management fees are a tax-deductible. The fee is entered on Schedule A under the section called “Certain Miscellaneous Deductions.” However, deductibility depends on several factors; your tax professionals can help you.