frequently asked questions

What is wealth management?

A. Wealth management refers to a comprehensive and personalized approach to managing an individual client’s financial affairs. It involves strategic planning, investment management, and financial advisory services tailored to the goals, risk tolerance, and circumstances of the client. The ultimate goal of wealth management is to help individuals navigate financial decision-making processes throughout their lives and realize their financial aspirations.

What services does Inside Edge Capital offer?

A. We provide a comprehensive range of services for individuals and businesses which cater to our clients needs. Our core offerings include active investment management and comprehensive financial planning.

What is the fiduciary standard of care, and does IEC uphold it?

A. The fiduciary standard of care for investment advisors states that an advisor must put their clients’ interest above their own interest. Established with the Investment Advisors Act of 1940, advisors who are fiduciaries must follow the very best course of action for their client’s interest, regardless of how it affects them personally, whether by their income or potential conflicts of interests.

B. We are proud to adhere to the fiduciary standard of care for all of our clients.

How do you determine which investments are suitable for me?

A. Our investment recommendations process takes into account factors like personal tolerance for investment risk, investment goals, time horizon, and financial situation. Through both quantitative data gathering and conversations with you, we can determine an investment strategy that matches your needs and preferences.

What is a financial plan?

A. A financial plan is a comprehensive, customized report that we provide to clients. This report examines a client’s financial situation and advises them on how to achieve their short and long-term financial goals. A well-crafted plan covers various topics including, but not limited to: investments, retirement and savings planning, tax-optimization, financial risk management, and estate planning.

How does the financial planning process work?

A. Our process begins with conversations for us to gain a better understanding of your financial situation. Through both conversation (qualitative) and data collection (quantitative), we can complete an in-depth analysis of your current financial situation, goals, and risk tolerance. Based on this information, we can create a custom-tailored financial plan that outlines strategies and recommendations to achieve your objectives. After that, we help you implement and monitor those strategies as needed.

Do you provide retirement planning services?

A. Yes, at IEC we believe your golden years deserve a golden plan! If you’re considering retirement, our services are tailored to answer your questions and help you make decisions with confidence and peace of mind. From assessing your current financial standing to developing a roadmap for your future goals, our retirement planning services encompass all of the essential considerations.

Who needs wealth management?

A. Wealth management serves individuals of all financial backgrounds and stages in one’s life cycle. Whether you’re starting to build savings, planning for retirement, or had a sudden wealth event, professional wealth management can help you achieve your goals.

What does it cost to do business with IEC?

A. Our fee structure is based on assets under management (AUM) and is designed to align with your financial success. We charge a fee starting at 1% of AUM, and as your AUM increases, the fee percentage decreases, providing our clients with greater cost efficiency as their wealth grows.

B. We keep our management fees in line with competitors who provide similar services. We hold a strong belief in transparent and fair pricing, and our goal is to deliver exceptional value to our clients while helping them achieve their financial goals.

Why pay someone to manage my wealth when I can do it myself for free?

A. We believe in providing high, tangible value for our clients. At some point, we will assist every client in taking advantage of opportunities they may not have otherwise, such as an investment or tax strategy. Or we will help clients avoid decisions that would have cost magnitudes more than our annual fee, like risk management.

B. Whether it is preventing clients from panic selling, regular investment rebalancing, helping clients diversify concentrated investment positions, helping clients avoid and mitigate financial risks, taking advantage of tax planning strategies, financial behavioral coaching, the examples we can provide goes on.

What does the initial consultation meeting look like?

A. Initial “getting to know you call” – 30 minutes, no prep required, get to know each other to see if we feel we’re a good fit. We’ll get to know more about your goals, priorities, and current financial situation.

B. If we both decide to explore next steps we’ll send a discovery checklist. At this point in the process, please send only as much information as you want. In some cases prospects come to us with unique questions like stock options, trusts, education planning, and other needs. With the right information, we can discuss specific issues further.

C. We will then set up a complimentary 60-minute Zoom meeting to provide you with a straightforward assessment of your financial situation, recommendations of what we would like to implement into your financial plan and portfolios.

D. Decision time! If at this point you feel comfortable and want to move forward, we can begin onboarding and integrating into our systems. If you’re not quite ready, we want you to tell us! We only want to work with clients who are fully comfortable and if it doesn’t make sense for any reason on either side, let’s hold off and revisit in the future. If there’s a better fit out there for you, it is our duty as fiduciaries to let you know.

What does the first year of being an IEC client look like?

A. By the end of the first month, we should have completed all forms, disclosures, and account openings. This can be a process, but once we complete the initial intake, most of the homework on your end will be completed. Depending on your financial situation, we may or may not have a financial plan and investment plan in place. B. By the end of the first 3 months, we should have sufficient time to implement your investment strategy and all initial financial plan strategies. We should have a plan in place for future recommendations to be revisited at the appropriate times. Your investment allocation should feel right for the amount of risk and growth potential that you are targeting. C. Between month’s 6-12 as a client, all of your questions about the resources available to you through IEC should be fully answered. Some financial planning recommendations are best made by the end of year, so there may be follow-ups to address from our initial financial planning work.

How often can I meet with an advisor?

A. We like to meet with clients regularly, at least once per year, to reassess each client’s current financial strategy. We set expectations with clients about the number of times we would like to meet. That said, we are always available to meet during times when our clients find themselves having specific questions or situations that we can help with.

How can I get started with your wealth management services?

A. Getting started is easy! You can read more about getting started and schedule an initial consultation at this link:

The Starting gate