+ What's behind the name?
Pearson is my Mother's maiden name and the last name of my Gramma who empowered me to start my business by becoming one of my first clients! I'll treat every client account with the same level of integrity and care that I do my Gramma's.
+ Why should I work with an independent fiduciary advisor rather than a broker dealer advisor?
Few investors realize that there are two sets of standards among advisors. True advisors are bound by a rigorous “fiduciary standard,” which compels them to put their clients’ interests first at all times. Brokers, on the other hand, are salespeople, and they are subject to a far looser rule known as the “suitability standard.” The suitability standard allows brokers to take the size of their sales commission into account when deciding which investment or other financial product to recommend to clients. We believe this creates potential conflicts of interest that clients should avoid.
+ What is the advantage of working with a fee-only advisor?
Fee-only advisors never receive compensation from product manufacturers. Because we get paid the same no matter what they recommend, we are free to make the recommendations we believe are best for you.
What’s more, fee-only advisors are known for taking your whole financial picture into account. Brokers, who earn sales commissions for selling investments or insurance, may be more likely to focus on those products rather than “ancillary” areas like cash-flow management, tax minimization or estate planning.
+ What are your fees?
Our investment management fee ranges from .50% to a maximum of 1% of assets under management (AUM). The investment management fee will reduce depending on account size and complexity. Investment managment fees are deducted in quarterly installments directly from the account being managed. We charge only this asset-based fee to our clients, providing ala-carte services at no extra cost and we do not receive additional fees from investment companies for the investments we purchase in an advisory account. This fee is below the industry average and not only includes your investment management services but also covers: an online client portal, a comprehensive financial plan, & platform fees from the custodian(s). There are no early withdrawal penalties or other limitations to bind you to us once we open your account. You'll have access to your funds and the ability to terminate our agreement at your discretion.
+ What is your investment approach?
No one can outguess the market. At Pearson Investment Management, we reject the “trading” that so often leads investors astray. Instead, we emphasize patience and discipline to harness the market’s long-term rewards. We rely on careful asset allocation and diversification as we seek to earn the returns our clients require while minimizing risk. And because every dollar counts, we strive to keep costs and tax liabilities to a minimum.