Wealthy Families: Approach
Innovest has a focus on guiding our high net worth clients through the developement, implementation, and maintnence of a well designed, prudent investment program. Our experience and expertise can help make seemingly complex decisions relatively simple. We offer the following differences which make Innovest uniquely positioned to provide robust wealth management services.
• Steadfastly independent -
Our clients are not limited to platforms, investmentproducts, or research. We are employee ownedand promote an openness that allows us to searchfor the best and brightest in every discipline. Weare constantly searching for optimal strategies thatwill improve client performance. Our experiencetells us there is no quality “one stop shop” and weare committed to the “best of breed” philosophythat becomes tainted by proprietary products,misalignedincentives and commissions.
• Focused client advocates -
We have the strength and expertise in the taxable investor marketplace to secure custom solutions and negotiate lower costs. There are a myriad of financial services firms and investment products. As a result, investors have difficulty objectively comparing various opportunities. In addition, they rarely know the full extent of the fees they are paying for their investments (including tax costs)and more often than not, they are too high. After fees and taxes, most investors will never come close to beating “the market.”
• Only forward looking -
We must be proactive and forward focused in every aspect of our pursuit to increase returns while decreasing risks, costs and taxes. Marketing departments push past performance reinforcing the tendency of investors to chase performance, i.e. buy high and sell low. Our motivation is to identify unique strategies, talented managers and products with a sustainable edge in the future.
• Deep professional team -
Our clients are not hiring a name, they are hiring our people. Our team is comprised of complementary professionals who possess a unique combination of talent and integrity. Our people have backgrounds in money management, investment consulting, accounting, tax planning, estate planning, insurance planning and financial planning. We use this expertise to be valuable partners with our clients trusted advisors. Our performance is powered by people.
• Absolutely fee-only -
We cannot build a true partnership with our clients if we accept compensation from managers and products. Serving two masters corrupts advice and the focus on improving investor performance would become secondary. 100% of Innovest revenue comes directly from our clients.
• Completely custom solutions -
Our significant research and experience in Wealth Management enables us to effectively coordinate and integrate investment and tax planning to increase our client’s bottom line. Much like a general contractor, we help our clients manage the investment process and the subcontractors. We understand the economic relationships between investments and through proper diversification techniques, can help investors navigate through rough market environments.
• Consistently applied monitoring -
Proper benchmarking is a crucial element in making ongoing decisions. At Innovest, we use custom, state of the art evaluation techniques to review the past, but also as a tool for the future. Without it, an investor is never in the position to properly evaluate performance and make appropriate adjustments. Improper benchmarking is often intentional and works to the advisor’s benefit and unfortunately, to the investor’s detriment.
Our investment research and experience with complex family entities allows us to effectively coordinate and integrate investments and tax planning to increase an investor’s bottom line.
