Answers to common questions about working with Summit Private Wealth.
A private wealth management relationship provides comprehensive, personalized financial guidance from a dedicated advisor. It goes beyond basic investment management to include holistic planning, ongoing communication, and coordination across your entire financial life. You work with an advisor who genuinely knows you and your goals.
We maintain regular contact through scheduled reviews (typically quarterly), proactive outreach when circumstances change, and availability for questions as they arise. Our advice evolves as your life evolves, ensuring your strategy remains aligned with your current priorities and goals.
The first few months focus on discovery and implementation. We begin with in-depth conversations about your goals and concerns, review your complete financial picture, develop a comprehensive plan, and thoughtfully implement investment and planning recommendations with attention to tax implications and timing.
Most clients meet with us quarterly for formal reviews, though the frequency can be adjusted based on your preferences and circumstances. Beyond scheduled meetings, we're available for calls and emails as questions arise, and we proactively reach out when market conditions or changes in your life warrant discussion.
We believe in a disciplined, evidence-based approach to investing. We construct diversified portfolios designed to capture long-term market returns while managing risk appropriately for each client's situation. We avoid speculation and short-term market timing, focusing instead on factors that actually contribute to long-term success.
Risk management is integrated throughout our process. We assess your risk capacity and tolerance, construct portfolios with appropriate diversification, monitor holdings regularly, and rebalance when needed. We also consider risks beyond market volatility, including inflation, longevity, and concentration risk.
Yes, tax efficiency is a core part of our investment approach. We consider asset location (placing investments in the most tax-advantaged accounts), harvest losses when appropriate, manage the timing of gains, and coordinate with your tax advisor on major decisions.
We typically work with clients who have at least $500,000 in investable assets, though we're happy to have a conversation to understand your situation regardless of where you currently stand. Our focus is on clients who value a dedicated advisory relationship and have planning needs that extend beyond basic investment management.
We charge a straightforward percentage of assets under management, which aligns our interests with yours. The specific fee depends on the complexity of your situation and total assets under our management. We provide a clear fee schedule during our initial conversations and there are no hidden costs.
To have a meaningful initial conversation, it's helpful if you can share recent investment statements, a general sense of your goals and concerns, and any specific questions you have. We'll guide you through exactly what we need as we move forward together.
Thoughtful perspectives on investing, planning, and the financial decisions that shape long-term outcomes.
