Frequently Asked Questions

We are a mid-sized firm with one office. We have 11 advisors who make all investment decisions and have direct management responsibility for each account. Our advisors have been with the firm an average of 14 years. A minimum of two advisors, including a partner of the firm, supervise each account so it is covered at all times. There are approximately 13 additional individuals who serve as support staff. We are responsible for approximately $700 million in assets under direct management.

We serve primarily as investment advisor to individuals, families and generations of families. Our clients reside locally, nationally and, in some instances, internationally. Geographic distance has proved no barrier to a good investment relationship. Regardless of location, we are able to actively and effectively communicate with our clients.

We are registered investment advisors with the Securities and Exchange Commission. We manage money on a fee basis and execute any transactions on a discounted commission basis. In other words, we receive a flat fee based on the assets under management, with a nominal transaction cost for our discretionary clients. Therefore, we have limited economic interest in commissions on any specific transactions. Personal and customized service is our hallmark.

We also have significant philanthropic commitments as trustees or advisors to the endowments of major colleges, national foundations, and other organizations. This brings us into contact with the leading financial thinkers and money managers in the country.

All client securities are held at National Financial Services LLC (NFS), a Fidelity Investments company backed by one of the world’s largest providers of financial services. As a registered broker/dealer, NFS is subject to the rules and regulations of the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Municipal Securities Rulemaking Board and others.

As part of its custodian responsibilities, every month, NFS sends you a statement that outlines all activity in your account. They send it to you directly, independent of us (we receive a copy). In short, you have an independent entity preparing and sending monthly statements of the account and reporting separately to you on all activity. National Financial Services LLC is also a member of the Securities Investor Protection Corporation (SIPC).

Securities held in accounts carried by NFS, a Fidelity Investments company, are protected in accordance with the Securities Investor Protection Corporation (SIPC) up to $500,000 (including cash claims limited to $250,000).

NFS has also arranged for coverage above these limits. Neither coverage protects against a decline in the market value of securities, nor does either coverage extend to certain securities that are considered ineligible for coverage. For more details on SIPC, to request an SIPC brochure, or for phone, e-mail, or mailing address information, visit the SIPC website.