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Frequently Asked Questions
Can you help me?
With What Types of Clients do You Work? Does Portland Financial Advisors have minimum client requirements? Where do I begin? Do you sell any investment products? How do you get paid? How are you regulated? Who controls my investments? Do you have minimum standards for your advisor representatives? What is a Fiduciary? What if I need life, disability, long term care, health, or other insurance products? How will I know how my accounts managed by Portland Financial Advisors are performing? Do I have to invest with you? Can you advise me on investments not managed by Portland Financial Advisors? For the vast majority of individuals we accept as clients, we are able to provide assistance in the following major areas:
Prior to accepting any engagement, we ensure that our services will truly add value. In essence, we want to make certain that you have found the type of comprehensive, objective advice that you desire, and that we will enjoy working together over the long term. With What Types of Clients do You Work?
Does Portland Financial Advisors have minimum client requirements? Although we do not have minimum client criteria, we do not accept everyone as a client. We want each client to experience exceptional value from our services. If we do not believe that we can provide exceptional value to a potential client, we will not pursue a relationship. We recommend starting with a brief phone call to understand why you’re looking for help with your financial planning and, if we agree we can be of help to you, we’ll schedule the first meeting. Our primary goal in the first meeting is to gain a better understanding of your goals, objectives, time horizon, personal beliefs, investment experience, and willingness and ability to take risk. At the conclusion of this meeting, if we mutually agree that we can meet you planning needs, we’ll formalize the engagement by signing an agreement for services. Do you sell any investment products? No. To maintain objectivity on behalf of our clients, we don't sell any investment products, nor do we sell insurance. We are Registered Investment Advisers, not stockbrokers. We do not accept commissions, 12b-1 fees, or other monetary compensation from product providers. This allows us to seek out extremely low-total-cost investment products for our clients, including institutional-style mutual funds not normally available to individual investors. We charge an annual wealth management fee, paid quarterly. This fee encompasses all of Portland Financial Advisors financial planning, investment advisory, and tax services. For written financial plans, we require a $500 deposit. The balance will be billed at the completion of the engagement. Portland Financial Advisors, Inc. is an Oregon Registered Investment Adviser. All of our new clients receive Form ADV, Part II, which sets forth additional information regarding our firm. You control your investments. We monitor your accounts and make recommendations when appropriate. Our clients pre-approve trades and transactions in their accounts. We do accept a limited form of "discretion" over our clients' accounts in order to affect trades. Our clients' investment accounts are held by TD Ameritrade Institutional. Do you have minimum standards for your advisor representatives? Yes. Portland Financial Advisors representatives must have at least five years of industry experience, a CFP® professional financial planning designation, and must be a Certified Public Accountant. Portland Financial Advisors has a fiduciary duty to our clients. As a Fiduciary, we have the legal responsibility to follow prudent investor practices as well as serve the client's best interest. Click here to learn more about what it means to be a fiduciary. What if I need life, disability, long term care, health, or other insurance products? If we identify a need for insurance products or suggest that you shop for quotes to increase the value of existing insurance plans, you have options. You can go to the open market for competitive quotes or we can refer you to insurance advisors who specialize in these areas. How will I know how my accounts managed by Portland Financial Advisors are performing? You will have three ways to access account information. You will receive a brokerage statement monthly detailing your account values and transactions. You will receive a quarterly performance report showing your accounts with performance measures. You will also have 24/7 internet access to your secure private client web page to view your account values, with access to performance reports that are updated daily. It has been our experience that most clients do decide to have us manage their investments after we prepare a plan. We often use lower cost institutional-style mutual funds not normally available to individual investors. But having Portland Financial Advisors manage your investments is optional. Can you advise me on investments not managed by Portland Financial Advisors? Yes. It is important that we review these accounts as part of your overall investment plan. If you have investments such as a company 401k or 457 plan, we will provide guidance on how to choose among the funds available to you. We consider this part of our role as your financial advisor. | ||
Portland Financial Advisors, Inc.
12655 SW Center Street, Suite 520 • Beaverton, OR 97005 (503) 684-6116 • Fax: (503) 684-6559 E-mail: info@pdxadvisors.com
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