What is a fiduciary? How is that different than other investment or retirement planners?
Fiduciaries are legal entities that are ethically and legally responsible to act in the best interest of the party they represent, in this case the investor. Fiduciaries who do not satisfy this legal obligation can be both criminally and civilly liable for their actions. The vast majority of financial planners and stock brokers are not fiduciaries.
In order to be certified as a fiduciary, there are additional applications and legal requirements that must be satisfied for financial planners. What it does mean is that we are obligated to show you every charge, fee, and movement of your money, with 100% transparency, and to back up our actions with justification. .
How much do your services cost?
We pride ourselves on a fee structure that’s as straightforward as it is fair. Our advisory fees are based on a percentage of assets we manage. This structure places us in a position to make more as your wealth grows, aligning our interests directly with the interests of our clients.
We recommend a minimum account size of $1,000,000 for new clients, however; this can be negotiated based on your individual financial situation.
What sets your firm apart from the competition?
Our clients are surrounded by a team of experts from day one. Not only do we provide comprehensive wealth management services, but our tax and insurance experts are on hand to ensure every aspect of your financial life is considered in the decision-making process. Our unique access to private investment opportunities and extensive knowledge of public markets, alongside the experience you would expect to shepherd your wealth, provides clarity and transparency into your financial life.
What do the advisor designations mean?
The Croak Capital Team has made it our goal to become experts in all forms of investment and retirement planning, so we can give you, our client, the best advice possible. To that end, we have secured the following credentials to back up our advice with real-world knowledge. Some of our important designations include:
CFP- Certified Financial Planner
ChFC- Certified Financial Consultant
CLU- Certified Life Insurance Underwrite
What else do you do besides financial planning?
Croak Capital’s philosophy has always been to make financial and retirement planning as easy and convenient as possible for our customers. To that end, we’ve brought together the best professional resources to help cover all your bases, including:
- Financial planning
- Investment management
- Retirement planning
- Stock & Equity Compensation
- Estate planning
- Life insurance
- Tax planning
- Corporate & Non-Profit Investment Management
While you aren’t required to use any of our products or services, we encourage you to develop a comprehensive financial plan for your future, utilizing the tools Croak provides to all our clients.