Tackett Wealth Management is a fiduciary located in Cary, NC and Venice, FL. Unlike banks and brokerage firms, we have a legal duty to always place clients’ interests ahead of our own. As such, we help investors avoid major conflicts of interest.
Avoid Sales Loads: Clients avoid significant fees, as a result of our fiduciary responsibility and ethical foundation. Clients avoid paying sales loads, surrender penalties, and 12b-1 fees on investments we purchase. In lieu of sales loads, our clients typically pay their custodian a nominal $0 to $25 transaction fee, depending on the custodian and investment type. Investments with no sales loads typically carry much less total fees than similar investments with sales loads.
Embrace An Ethical & Transparent Fee Structure: We are not compensated by the investments we recommend, so you know we’re not recommending them for our own financial gain. Advisory fees are fully disclosed to clients via quarterly billing statements. We believe fee transparency is an important component of objective investment advice.
Receive Disclosure of All Conflicts of Interest: Some conflicts of interest are unavoidable, even when acting in the best interests of clients. As a fiduciary, we are required to disclose these conflicts in advance to every client. Our Form ADV Part 2 Brochure discloses all such conflicts. If you are interested in learning more, feel free to download our brochure located in the footer of this site.
Invest Prudently: Talk to ten different money managers, and you’ll probably hear ten different investment philosophies, even if they’re all fiduciaries. What makes one investment style more prudent than the next? With over 70 years of research, we believe prudent equity investment strategies tend to have common characteristics: Global asset allocation, full diversification, tax-conscious management, low turnover, low investment expenses, and removal of emotion/market timing. We believe these characteristics, which underscore the importance of Modern Portfolio Theory and the Efficient Markets Hypothesis, provide a good foundation for prudent investing. For details on our investment philosophy, please visit our asset management section.
Is your financial advisor a fiduciary?
The following video is a helpful resource from CNBC explaining the differences between financial advisors who are fiduciaries and those who are not. You can view the related article here: Is your advisor a fiduciary? Another resourceful article on this subject, by US News, can be found here.