Q: Do you have a minimum portfolio size?
A: Wealthstream Advisors, Inc. best serves clients beginning at two million in investable assets. If your current asset level does not meet our minimum requirements we urge you to consider our sister company Clarity Investments + Planning LLC.
Q: How do you charge for your services?
A: We provide fee-only investment management, with our fees based on a percentage of your assets that we manage. We feelĀ that such an approach best aligns our interests with yours, helping us meet our fiduciary obligation as a Registered Investment Advisor firm. Our fees are tier-based with breakpoints at which your fees decrease on additional assets.
Q: How much does it cost to hold initial planning meetings with your firm?
A: There is no cost for our initial Discovery meeting. We feel it’s time well spent to first get to know one another — before we seek mutual commitment and before we begin charging a fee.
Q: What happens to my current holdings if I become a client?
A: Before any changes are made, we first analyze your existing portfolio and discuss our recommendations with you. Our overall goal is for your portfolio to make sense for you and your lifetime objectives, in the most cost-effective way possible. Ways we achieve this goal are to:
If existing holdings lend themselves to these objectives, we leave them in place. If changes are warranted, we work with you to ensure any transitions occur as smoothly and cost-effectively as possible.
Q: Do you trade and hold my assets for me?
A: While you grant us a limited power of attorney (LPOA) to execute transactions on your behalf, you remain in control of your assets. Accounts are held in your name at Fidelity Investments.
Q: I am contacting you because I have heard you offer access to Dimensional Fund Advisors (DFA) funds. How do I learn more about DFA? What is your relationship with them?
A: If you have already heard of DFA, you may be aware that it seeks to protect the reliability and manage the costs of its funds by requiring investors to access them via a select group of financial advisory firms. You can learn more about DFA by visiting its web site at www.dfaus.com.
Our firm is proud to be among the select firms who have access to DFA funds. We often find that they provide the best equity vehicles for building portfolios that can be cost-effectively designed and managed to target your unique objectives through all types of markets. However, we receive no commissions for using DFA funds. Whenever we feel there is a better investment option for your particular needs, we use it.
Q: Whom do you serve?
A: We provide our services to individuals, families, businesses, trusts, partnerships and not-for-profit organizations who wish to pursue long-term goals based on our strategic approach to managing wealth. While we work with a broad array of types of clients we have a concentration of clients that we have assisted during divorce and beyond. Our services are also well-suited to senior financial executives.
Q: Describe your broad services.
A: We conduct initial and ongoing deep discovery, to determine clients’ financial needs in relation to their unique values; goals; personal, professional and institutional relationships; assets; and interests. We then form a far-reaching plan to work toward your goals and to develop investment portfolios.