To learn more about the kinds of clients TriCapital Financial Group serves and why, click on WHO WE SERVE.
Why is it important to work with a Certified Financial Planner®? What about other financial services professionals?
The government does not regulate financial planners. As a result, anyone can call himself or herself a financial planner. However, the mark CFP® and Certified Financial Planner® can only be used by financial planners who are committed to competent and ethical behavior when providing financial planning services. CFP practitioners have taken the extra step to demonstrate their professionalism by voluntarily submitting to the rigorous CFP certification process. In addition to significant education and experience requirements, they must pass a comprehensive exam that test their personal financial planning knowledge and skills, continuously update their abilities and abide by a strict Code of Ethics.
What are the risks in allowing someone else to manage my resources?
Many people believe there is less risk in seeking the help of professionals than there is in trying to manage their own money. Few of us practice medicine or law on our own behalf, and our financial security is as vital to our future as medical or legal matters. But we also like our clients to know that we don’t employ risky or speculative investment strategies. And since every client is a partner in the decision-making process, we are able to find the balance of diversification, risk minimization and aggressive investing that is most comfortable to each individual client. To learn more about how TriCapital works with its clients, click on OUR PROCESS.
Can you tell me more about your philosophy for managing investments?
Unfortunately, many people make investing harder than it really is. That is not to say that investing is easy – it isn’t. But too many investors believe that the only way to get ahead is to employ aggressive trading strategies or buy high-risk investments. While we certainly want to capture the opportunities that are made available to us, we must always keep an eye on risk. At TriCapital, we believe the first rule of investing is to avoid making major investment mistakes that can cause serious setbacks. Long-term investment success is more likely to result by taking a consistent and disciplined approach, buying high quality investments and diversifying properly in order to control risk to your level of comfort. It’s not a new or novel approach, but one that has proven successful over a long period of time.
How are you compensated and what are your fees?
At TriCapital Financial Group, we’ve decided that the best way to maintain our objectivity and our commitment to helping you make the right choices is to be compensated on a fee basis. We do retain the flexibility, however, to offer other compensation alternatives for one-time planning engagements or when a particular client situation calls for it. For ongoing financial planning and investment management, the following annual fee schedules apply to assets under TriCapital’s management:
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TriCapital Managed General Securities Portfolios:
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Relationship Value*
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Annual Fee
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First $1,000,000
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1.00%
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Next $1,000,000
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0.75%
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Next $1,000,000
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0.50%
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Balance above $3,000,000
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Negotiable
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TriCapital Managed Stock Portfolios:
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Relationship Value*
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Annual Fee
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First $250,000
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1.50%
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Next $750,000
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1.00%
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Next $1,000,000
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0.75%
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Next $1,000,000
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0.50%
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Balance above $3,000,000
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Negotiable
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*If the client has two ore more related accounts under management with TriCapital Financial Group (TCFG), they may be combined into a single "Relationship Value" for computation of quarterly fees and billing. "Relationship Value" does not include bank accounts, company retirement plans and other accounts held at other financial institutions and upon which TCFG does not provide investment supervisory services. Annual investment management fees do not include transaction fees, IRA custodial fees and other miscellaneous expenses.
**FEE DISCLOSURE: Additional compensation may apply in the form of commissions for purchase of individual stocks, bonds and through service fees (12-b-1) for mutual fund transactions. Fees, charges and expenses are detailed in TriCapital Financial Group's ADV II Schedule F.
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FINANCIAL PLANNING
Fees for written financial plans normally begin at $500, with the most common range of fees falling between $500 and $2,000. Fees will vary depending upon the complexity of the client’s situation and are waived for clients who have assets managed by TriCapital of $1 million or more. Fees are negotiable and are agreed upon by the client in advance. Half of the established fee is due at the time of the signing of a financial planning agreement with the balance due on completion of the services agreed upon. The client shall have the right to terminate the signed agreement without penalty within five (5) business days of the date the agreement was signed, entitling the client to a full refund. In the event that the agreement is terminated after the initial five business day time period, the client agrees that TriCapital will have earned a pro-rata share of the total fee agreed upon, based on a percentage of the analysis performed. Following delivery of the financial plan, the signed financial planning contract is ended. Any additional amendments or updates will fall under a new agreement.
