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FREQUENTLY ASKED QUESTIONS
FREQUENTLY ASKED QUESTIONS
Why use a Financial Advisor?
Investing, when done properly, is a long term commitment requiring research and measured analysis. Emotions must be kept level when approaching the investing arena. Many fortunes have been destroyed by decisions made in a moment of fear or an instant of fearlessness. A financial advisor is trained to maneuver with deliberation through the increasingly complex financial markets with their client’s financial plan and well-being in mind.
Why should I choose a fee-based advisor?
As a fee-based investment manager, Farris Capital Management is beholden to no one other than our clients. Totally independent from outside sources; our compensation comes from our clients. “Fee-only” means that we receive no other compensation other than the fee you pay; we do not sell products. This arrangement ensures that our recommendations are made with your best interests at heart!
What is a CERTIFIED FINANCIAL PLANNER™ Professional?
A CERTIFIED FINANCIAL PLANNER™ professional is a certification (no federal or state law or regulation requires financial planners to hold CFP® certification) that represents a high level of professional education which requires passing a rigorous examination with 89 financial and legal topics, fulfilling experience and education metrics, and acting in an ethical manner.
Why use Farris Capital Management?
Farris Capital Management provides an advisory relationship that exudes the “personal” touch. We are a boutique firm that keeps in close touch with our clients. We get to know our clients as individuals and not just “accounts.” This personal interest creates a level of service which we believe cannot be matched by the larger financial companies, banks , and online automated services.
What is a Registered Investment Advisor?
A Registered Investment Advisor is a firm that is registered with the state in which it does business, or with the Securities Exchange Commission, to provide investment advice. A Registered Investment Advisor is held to a Fiduciary Standard, meaning they are expected to act in the best interest of their client at all times. As fiduciaries, an advisor must employ a policy of full disclosure with their clients to help avoid potential conflicts of interest.
Who does Farris Capital Management use as a custodian for my assets? And are my funds safe?
The primary custodian used by Farris Capital Management is Fidelity Investments, a member of the Securities Investor Protection Corporation (SIPC); securities in each of your (separate) accounts are protected up to $500,000 per account, including coverage for up to $250,000 in cash.
For more information, go to http://www.sipc.org/