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Financial & Estate Advisors Review

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Financial & Estate Advisors, registered in 2002, serves 1 state(s) with a licensed staff of 1 advisors. Financial & Estate Advisors manages $45.8 million and provides investment advisory services for 119 clients (1:119 advisor/client ratio).



Firm Information


Summary Firm
Minimum Investment Ask firm
Average Client Balance $384,565
Total AUM $45.8 million
Fee Range Ask firm
Advisor / Client Ratio 1:119
Languages Offered Ask firm
Specialities Ask firm
Website Visit Site
Phone Number 425-483-3100
Headquarters No data
Locations See locations
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SEC Filings View SEC IAPD CRD #119062


Disciplinary Questions


After checking the disciplinary records of Financial & Estate Advisors, our system found no disciplinary questions to ask. Checks take place monthly.



Conflict Questions


After checking the regulatory records of Financial & Estate Advisors, our system has identified the following question(s) to ask. Learn more.


What percentage of income does Financial & Estate Advisors receive from fees versus commissions?


Financial & Estate Advisors can accept commissions for its investment advisory services. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. While this allows for a broader range of investment options and management styles a firm can offer, it can also create an incentive for the firm to put their financial interests ahead of your own. Is the firm’s purpose to provide you financial planning and ongoing advice or to sell commission-based products to its clients?


Is Financial & Estate Advisors also a Broker-Dealer or are they affiliated with one? What conflicts arise from this relationship? How does Financial & Estate Advisors mitigate them?


Currently Financial & Estate Advisors is also a Broker-Dealer or is affiliated with one. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds, cross-selling of commissioned insurance products, and the sale of proprietary investment products. All of these conflicts can negatively impact clients via hidden fees and overall higher costs.


Does Financial & Estate Advisors offer mutual funds that have 12b-1 fees?


12b-1 fees increase the total annual cost of owning a mutual fund with no guarantee of higher returns. Some firms receive these fees as payments, which creates an incentive to promote them.


How does Financial & Estate Advisors approach insurance sales? What conflicts do I need to be made aware of?


Currently Financial & Estate Advisors actively practices as insurance brokers or agents, or they are affiliated with an insurance company or agency. This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist.


Does Financial & Estate Advisors offer products that have performance-based fees, or does it accept performance-based fees? Will any of my assets be invested in those products?


When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. For instance, research has shown that mutual funds that use incentive fees take on more risk that funds that do not, and tend to double down and increase their risk following a poor performance. This could be detrimental to a client during down markets.


Does Financial & Estate Advisors perform side-by-side management? How does Financial & Estate Advisors mitigate conflicts that arise from managing accounts with differing fee structures?


This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their retail clients.


Our system found no other conflict questions to ask. Checks take place monthly.



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Disciplinary History


An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.

As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for Financial & Estate Advisors:




Cost


Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response.

Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").


View Fee Disclosures




FAQs





Other Firms


Promanage, Rabenold Advisors, Course 26, Wisdom Investment Strategies




This automated report was generated using SEC and FINRA data and was last updated on December 4th, 2021*. For data support, email "support@investor.com". Firms that receive a 4.5 or 5-star rating are considered Trusted by investor.com. Learn more.


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