The Fiduciary Standard for investment advisers was established as part of the Investment Advisors Act of 1940. The U.S. Securities and Exchange Commission (SEC) holds Advisors to a fiduciary standard that requires them to act in the best interest of the client – specifically stating that they must put their clients’ interests above their own. The U.S. Securities and Exchange Commission (SEC) requires Advisors, as fiduciaries, to act in the best interest of their clients and avoid or disclose any conflicts of interest.
Benefit Financial Services Group’s culture is to strive to always put the clients interest first. We are interested to obtain a clear understanding of what is important to our clients so that we can be effective in achieving each client’s particular goals and needs.
The management fee and/or financial planning fee is the only income we earn. Benefit Financial Services Group does not earn commissions on transactions, or kickbacks from mutual fund companies for using their products.
It is our goal to be accessible to our clients. We can be reached by phone, email or mail. We avoid the use of voice mail so clients can reach us very easily. We are available to answer questions regarding client’s accounts and about their investments, or to move funds and other administrative needs. We take pride in meeting the needs of our clients in a timely and professional manner
Benefit Financial Services Group’s forward looking outlook of the economy and investment is communicated on a monthly basis in our Monthly Market Cycle Monitor. Additionally, our Quarterly Newsletter includes timely, relevant topics on the economy, financial planning, or investing. We also provide Transaction Advisories from time to time to share with you Benefit Financial Services Group’s rationale for certain investment decisions. During the year, we will also conduct formal reviews to share with you in person how your investments are performing and check to see if your circumstances have changed since our last meeting and to answer any questions you may have.
In our relationship with you, everything is transparent. Your assets are held either at Schwab or Fidelity or National Advisors Trust Company. The investment advisory agreement allows Benefit Financial Services Group to manage your securities held at your custodian. We interface with your custodian to execute trades and to process distribution requests that you have initiated. Whenever we trade on your behalf, you will receive a confirmation from the custodian showing you the transactions and the execution prices. You will be able to monitor your account on-line through your custodian’s website and see how your account is performing on a real-time basis. You will receive a monthly statement from your custodian as well as a quarterly statement from us. Along with Benefit Financial Services Group’s quarterly statement, will be an invoice which indicates how much you paid us in management fees for managing your account over the most recent quarter and how those fees were calculated.