Still have questions? Keep reading...
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Do you work with clients across the U.S.?
Yes, we work with individuals and families across the entire country.
Our firm Is equipped to meet with clients through the video conferencing software, Zoom.
Our clients appreciate the ability to meet with us from the comfort and convenience of wherever they happen to be while living their best lives.
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How does Thrive make money?
That's EASY!
We charge every client the same transparent flat-quarterly fee of $2,250 per quarter withdrawn directly from your designated investment account.
No commissioned products to sell, no referral fees to gain, no percentage of assets under management, and never any complicated sliding scales.
Why flat fee you ask? -- it's fair and it makes sense. No client deserves preferential treatment over another. Further, it removes conflict of interest inherent in paying based on the size of your investment accounts (especially when you're supposed to be spending those assets down to live your best life in retirement).
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What is your investment management philosophy?
We believe in investing based on probability over possibility and reducing unnecessary and potentially harmful complexity. We are holistic and advise on all your investment accounts (including workplace retirement plans, pensions, etc.) to integrate all financial assets Into one cohesive Investment strategy.
We focus on variables we can control and aim to capture the returns of investment markets In a tax-efficient way using low-cost, index funds (Exchange Traded Funds, or ETFs).
We monitor portfolios for opportunities to rebalance to ensure the integrity of the chosen portfolio's risk-return characteristics at all times.
We work around existing low-cost basis investment holdings and other client constraints when warranted and would work with you to develop a prudent, tax-aware, transition plan.
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Do you actively manage sequence of returns risk (SoRR)?
YES!!! SoRR is arguably the greatest risk retirees face. Poor investment returns in early retirement can substantially reduce your retirement income. While we cannot control the timing and level of your returns (i.e., sequence of returns) you will experience, we do many things in practice to manage the impact that a sequence of poor returns could have on your retirement income.
We write extensively on how you can protect your retirement income from this risk.
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Do I retain access to my investment accounts and where will they be held?
Yes, you will always retain access and control over all of your investment accounts at all times. We partner with industry pioneer and leader, Charles Schwab (as custodian), where we establish your Investment accounts for safekeeping--no worries, we do all the heavy lifting so you only have to work with us.
During the account opening process, you authorize Schwab to give us limited access to your Investment accounts so that we may place buy/sell trades and withdraw our quarterly management fee. At no time ever will Thrive Retirement Specialists be in direct possession of your investment assets.
While you will never need to work directly with Schwab, you can have peace of mind knowing you can always access your investment accounts online or through one of their 400 branches across the U.S.
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Are you a fiduciary?
Short answer – ABSOLUTELY! (Could you imagine working with an advisor who is not?)
Long answer – As a Registered Investment Advisor (RIA) and CERTIFIED FINANCIAL PLANNERTM (CFP®) professionals, we are legally obligated to act as a fiduciary.
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How are you different than other financial advisors?
Oh, boy 🤦 We've either done a bad job building our website or you haven't been paying attention. The better question would be how are we similar. The answer: we're not!