Question 1

What services do you provide?

Accepted Answer

Available to each and every client is a comprehensive financial plan covering all aspects of a client’s financial life including retirement planning, investment planning, tax planning, estate planning, insurance/risk management, college savings planning, budgeting, cash flow planning, and more. Each plan is tailored to the specific needs of the client. An annual update to the comprehensive plan to reflect the dynamic planning process is also included. 
 
We also offer discretionary investment management on all types of client accounts including brokerage accounts, all types of IRAs, custodial accounts, business accounts, and much more. We use advanced risk profiling to design a portfolio that matches your unique needs and financial goals and provide on-going management of your investments. We maintain an on-line client blog so you always know what is happening with your investments.
 
The third leg of our service is risk management which entails making sure your financial goals are met even if unfortunate events occur. We develop plans to determine the needs for life insurance, disability insurance, long term care insurance, longevity risk, and retirement income risk.

Question 2

Why should I choose you over my current advisor?

Accepted Answer

The decision to choose an advisor is a personal one and only you know what is right for you. We believe that we offer financial services that are free of conflicts of interest and that we will always keep your best interests as our number one priority. In addition, we truly love what we do and that is why we are here. If you're not sure, just meet us and see what you think for yourself.

Question 3

How do I contact you?

Accepted Answer

You may call us anytime at (248) 962-8825 or email us at mbink@equivestfinancial.com.

Question 4

How secure is my investment account?

Accepted Answer

We protect your assets with proven technology, processes, and insurance. Keeping your account information secure is of primary importance. Below are a few of the precautions you should know about.
 
FDIC Insurance
 
Cash deposits at our custodian, Altruist Financial LLC.  are swept into their Bank Sweep Program and are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency created by the U.S. Congress in 1933 to help maintain public confidence in the nation’s financial system. One of its primary duties is to insure deposits in banks and thrift institutions. The FDIC also examines and supervises member institutions. If you would like more information about FDIC insurance, visit www.fdic.gov or call the FDIC Consumer Hotline at 1-877-ASK-FDIC (1-877-275-3342).
 
Altruist also offers extended FDIC insurance for both principal and accrued interest for money held in the banks in their Sweep Program.
Up to $3.0 million for individual accounts
Up to $6.0 million for joint accounts under the same social security number (SSN)
The total balance in all retirement accounts and the total balance in non-retirement accounts are insured separately and are not aggregated together for purposes of insurance coverage calculations.
 
SIPC And Supplemental Insurance
 
Altruist is a member of the Securities Investor Protection Corporation (SIPC). A brochure explaining the coverage provided by SIPC is available on SIPC’s website at www.sipc.org. In addition to SIPC coverage, Altruist has purchased from underwriters at Lloyds of London supplemental customer securities insurance. Together those coverages provide a total aggregate limit of $50 million limited to a combined return of $10 million to any single customer. Neither SIPC nor the supplemental insurance coverage protect against losses resulting from a decline in the market value of securities.
 
Website Protection
 
You create your own account username and password to securely log into altruist.com. Altruist stores your password in encrypted form and their employees do not have access to them. When you contact them by phone, their customer service representatives will always ask for account verification information before providing you with assistance. Their customer service representatives will never ask you for your account password under any circumstances.
 
Encryption
 
Altruist utilizes Secure Sockets Layer (SSL) encryption for all browser access to their web platform services to ensure that any data entered into their website is encrypted to and from the browser being used.

Question 5

Do you conduct a credit check when I open an account?

Accepted Answer

No. Since we do not loan money out, the only check we do is an ID verification check. We do not pull your credit score, or do anything that would impact your credit rating or score. If you happen to have any additional questions, please contact us for additional support.

Question 6

What are your insurance services?

Accepted Answer

In addition to comprehensive financial planning and discretionary investment management, we also offer life insurance and annuities though our affiliated licensed life insurance agency.
 
We work with our clients to help meet their life insurance goals, lifetime income security goals, and legacy planning wishes. We are available to build these plans and offer the proper products to meet the needs of our clients.
 
These insurance products include:
 - term insurance
 - whole life
 - universal and variable life
 - index universal life
 - multi-year guaranteed annuities
 - immediate annuities
 - fixed index annuities
 - deferred annuities

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