FREQUENTLY ASKED QUESTIONS
WHO IS A TYPICAL CLIENT AT EQUIVEST?
We serve college-bound families – focusing first on education funding, and then folding in retirement planning and investment management. We also advise on basic tax and estate planning (although we are NOT licensed accountants or attorneys).
Rather than dedicate their own time, energy, and money, our clients prefer to delegate to a financial advisor who relies on sound academically-based strategies, leverages technology for your convenience, and proactively communicates.
WHAT DOES IT MEAN TO BE "FEE ONLY?"
Being Fee-Only means that we are paid solely and directly by our clients for the financial planning and investment management advice that we provide. We do not accept sales commissions, incentives, bonuses, kickbacks, or any other type of special incentive from any other party. This is consistent with our fiduciary comittment to our clients of providing unbiased recommendations to you at all times.
DO I NEED TO LIVE IN MICHIGAN TO BE A CLIENT?
Not at all. We can work with clients in all 50 states and currently have clients in 4 different states. We leverage cutting edge technology that makes our firm "location independent."
IF I INVEST WITH EQUIVEST, WHERE IS MY MONEY KEPT?
Your investment accounts will be held at our selected custodian, Folio Investments. You create your own username and password to access your Folio account, which uses bank level encryption to ensure your information is secure. You will use this site to access your monthly statements, tax documents, etc. We have no direct access to your money whatsoever.
WHAT ARE YOUR FEES?
Our fees are fully disclosed on this site in the Pricing tab. We do not receive any other compensation from you or any other parties. We believe this removes the conflicts of interest inherit in the way our competition does its business. We only work for you, our client.
IS THERE A MINIMUM BALANCE REQUIRED?
There is no minimum investment with our firm, and no minimum balance.
One reason we have no minimum balance is to ensure that every investor can get started building wealth by working with a professional advisor.
One unique advantage of our system is the concept of partial shares. Even a client with a low account balance can own all of our recommended investments through the practice of partial share ownership. This means a client can own less than one share (or a fractional share) of an investment. This means even small accounts can achieve the proper diversification needed.
HOW DO I GET STARTED?
Easy! Give us a call or send us an email to schedule a Free 30-Minute Discovery Call. We'll talk about the financial topics that are important to you, and explore what it's like to work with our firm. We promise the call will be no pressure with no obligation to hire us whatsoever.
You can also click the following links if you're interested in a free retirement checkup or portfolio risk analysis.