Working With Dak
I’ve become more selective about the people I work with directly, but am always happy to help point someone in the right direction. I have a couple openings for new clients right now, so if you are thinking about an advisor, take a look about my investment philosophy.
If it seems to make sense to you, get in touch and we’ll have a zero pressure chat to see I can add value to your life. You can use the contact page, or just call my office at 888.407.4472.
I don’t like excessive risk. Most of the people I work with don’t either. I built Process Portfolios around the idea of reasonable risk for reasonable return. If you are chasing the market highs year in and year out, I’m not a fit for you.
* Most of my clients believe it’s better to have an investment plan that focuses on reasonable returns for reasonable risk and works to prevent permanent capital impairment (read that as big losses) rather than chasing the market to generate the highest possible return.
* They don’t look at the market as a place to hit home runs. They understand the power of singles and doubles.
* They mostly think of their investments as a business they own – they are more interested in the health of the business and whether it is moving in the right direction than the price they can get by selling it today.
* They understand that the market experiences periods of pronounced volatility which can be unpredictable. This does not affect their investment plan or their behavior. Some of that is their innate nature, some of that is because we have a plan to deal with the next bear market, when it comes. And it will.
* They are generally successful people who place great importance on their family and have a commitment to life outside of their career. They like to have fun and get a lot of enjoyment out of being alive.
* They value their own time — therefore they understand the value of hiring experts for tasks outside their core competency. They focus on the two or three things they do really well that got them where they are, and when they leave the office it’s about their family or doing the other things in their lives they consider important. They don’t want to take time away from their careers and passions to deal with things that don’t truly interest them. This is the sanest approach possible, and the most effective. Life is short, and shouldn’t be wasted on things you are not deeply interested in.
I communicate with clients primarily by email, but am available by phone or in person. I have clients in several states. We also use screen sharing and web video conferencing. Most of the people I work with appreciate not being forced to fight traffic to get time with me. It also keeps more of my time free to focus on my job, which is taking care of assets instead of driving back and forth to meetings.
Clients have 24/7 access to their accounts through the custodian and they also receive hard copy quarterly statements from the custodian. I provide an annual review to make sure everyone is still on the same page, to make sure circumstances haven’t changed and that the investment plan and asset mix continues to be relevant for each client’s current and future needs.
My firm does not custody client assets–we only use independent custodians. That means we don’t have access to your account except for directing how the money is invested, and we don’t get paid for transactions, only results. My custodian of choice is Interactive Brokers because they have great execution, very low cost (which means more money stays in your pocket), and are rated the most financially secure of the major brokers (including Bank of America, JP Morgan, etc..) We have the ability to work with other custodians like Charles Schwab, TD Ameritrade, and others depending on your circumstances.
My firm and I also do Retirement Income Planning and Financial Planning using cutting edge technology that looks at thousands of possible outcomes for your investments and helps us find the ones that are most likely to succeed for the people we work with. This is a big deal: stacking probability on your side can make a huge difference in where you end up.
I charge a low, flat fee of $699 for most planning plus I offer a satisfaction guarantee — if you aren’t happy with the plan, you don’t pay. Pretty simple.
When it comes to managing investments, I’m a fee only advisor, which means I am paid a percentage of the assets I manage on an annual basis. Basically, that means when you do better, I do better. If your account drops in value, so does my salary.
If you have questions about how my fees work, drop me an message on the contact page and I’ll answer whatever question you’ve got.
- Success in investment management takes teamwork and communication between the advisor and client. It also takes time, patience, and lot of mutual trust. It’s tough to be the investment “CEO” if the company owner is constantly second guessing you or telling you how to run the business, so I don’t work with those type of clients. If that’s who you are, you need a stock broker, not a fiduciary investment manager.
Thanks to the media, a lot of people think about investing as a grab it while it’s hot/drop it when it’s cold game that happens fast – the financial media, driven by Wall Street advertising dollars, floods cable and the internet with sound bytes intended to drive activity.
The truth is, investing is nothing like that, at least not if your plan is to grow your portfolio. It takes careful thinking, thoughtful research, perseverance and time, just like any other endeavor in life. As Warren Buffett observed, “No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.”
- If you think you might like to have a quick chat about possibly working together, get in touch. You can use the contact page or use the Book Appointment button below.
Same if you just want to ask a couple questions. I’ll get back to you as quickly as possible with some answers, even if you just need a little direction.
If you just have a couple questions, feel free to use the contact page or the contact form and I’ll get back to you as quickly as I can, mostly likely in 24 hours or less. I’ve had a lot of help given to me with no expectation of payment or reciprocation, so if you just need a couple questions answered to get moving in the right direction, get in touch. I’m happy to help.