Perhaps you already have a robust and healthy investment advisory relationship. Perhaps you don’t and wonder how you could get one. In any case, it’s a good idea to reflect on and review what exactly you are getting from your advisor. Here are examples of what you should expect.
What does the ideal advisory relationship look like to you? That’s the first question we have whenever we meet someone who is considering hiring us. ‘The ideal” is the first of three power questions we ask as we listen and understand what clients want and need. Below is ‘what you get’ after we have fully discussed the three power questions. Client examples are real, just the names have been disguised.
- Time: At Osbon Capital there is only one class – first – and there are a limited number of seats in first class. We do that so every client gets all the time they want and need, when they want it, to talk about important things. We had multiple meetings with Warren and Caroline at their home so we could hear both spouses talk about their multi-generational investment goals for themselves, their three children, and grandchildren yet to come.
- Simplification: It’s common to see too many accounts, duplicate accounts, orphan accounts, and so on when we begin with a new client. Sandra came to us with 14 accounts, which we consolidated into the four she needed. It was a tedious administrative process, but not for Sandra. She simply got the benefit of turning many accounts into few.
- Cost control: This one is so basic, so simple in concept and yet almost never done. Drive your returns up by cutting costs and paying less in taxes. Brian, a private equity guy, knew he was ‘paying for what he wasn’t getting’, but didn’t have the time or the inclination to figure it out. We did a CFO level analysis.
- Urgency: Alan, a serial entrepreneur in his 30’s with a wife, two kids, a life and lots of projects. He is jackrabbit-fast in execution, and expects the same from his providers, like us. For Max and me, if it’s important to you right now, it’s important to us; speed matters. Investments, accountants, lawyers, transfers, meetings… we coordinate it all for Alan. Quickly.
- Connections: Financial success is a team sport. The better your roster of experts, the better informed your decisions will be. Jordan and his family had providers, but not the ones they needed. In short order through us they got a proper accountant, trust and estate lawyer and a construction mortgage at 3% for their Berkshires family getaway house.
- Flexibility: One size does NOT fit all, especially when it comes to investments. Instead of shoehorning yourself into ready-made products, your advisor should deliver custom solutions, flexible execution and thoughtful implementation. That describes Gary’s experience at Osbon Capital. After years of successful wealth generation designing his investment account had to incorporate legacy investments, retirement (working, but not for money), and travel. Sometimes it just takes a lot of time and attention to get the right investment fit.
- Creativity: At Osbon Capital, we have never met an investment problem we didn’t want to solve. Adam, a pedigreed high-performer had about the most complicated investment situation we have seen. These were all nice problems to have – three generations, multiple companies, restricted securities, cash flow, taxes, and legacy planning, to name a few. It took a full seven months to transform his patchwork investment plan into a rigorous, cohesive plan for him and his family. Adam is an engineer, and he likes his investments to work in a well-engineered way.
- Communication: Our idea of communication is to have it the way YOU want it, when you want it: in person, by phone, online, in print, email, text. Alicia uses all of the above. She likes us to schedule our next contact before we end our current one. “Be sure to call me in one month,” she will say, and we then put it in all our calendars to make sure it gets done.
What you’ll never get here
Only you can decide what you want in an advisor and advisory relationship, but if you work with us, rest assured you will never encounter: a robot, a ZenDesk ticket application, a call center in India, a go-between-assistant-intermediary, a junior person saying, “he’s not available,” or “I’ll have to talk to my boss…” We wouldn’t want that, and would never expect you to accept it.
What you do get
At Osbon Capital you do get two owner-operator partners and our culture slogan ‘always act like an owner’. That phrase works both ways because it’s your money, you have worked hard to own it, and we the owners of Osbon Capital want you to fully enjoy and benefit from your money.
John Osbon – firstname.lastname@example.org
This communication may include forward-looking statements. All statements other than statements of historical fact are forward-looking statements (including words such as “believe,” “estimate,” “anticipate,” “may,” “will,” “should,” and “expect”). Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Various factors could cause actual results or performance to differ materially from those discussed in such forward-looking statements.”
“Historical performance is not indicative of future results. The investment return will fluctuate with market conditions.
Past performance is not indicative of any specific investment or future results. Views regarding the economy, securities markets or other specialized areas, like all predictors of future events, cannot be guaranteed to be accurate and may result in economic loss to the investor.
Investment strategies, philosophies, allocations and holdings are subject to change without prior notice.
This communication is intended to provide general information only and should not be construed as an offer of specifically tailored individualized advice.
While the Adviser believes the outside data sources cited to be credible, it has not independently verified the correctness of any of their inputs or calculations and, therefore, does not warranty the accuracy of any third-party sources or information.
Adviser does not endorse the statements, services or performance of any third-party vendor.
Unless stated otherwise, any mention of specific securities or investments is for hypothetical and illustrative purposes only. Adviser’s clients may or may not hold the securities discussed in their portfolios. Adviser makes no representations that any of the securities discussed have been or will be profitable.
Any IPO alerts are purely informational and should not be construed as recommendations to invest.
Adviser is not licensed to provide and does not provide legal, tax or accounting advice to clients. Advice of qualified counsel or accountant should be sought to address any specific situation requiring assistance from such licensed individuals.
Any case studies or hypothetical client profiles are for demonstration purposes only. They illustrate the breadth and depth of the many clients we represent at various life stages. Any similarities to actual Adviser’s clients past or present are strictly coincidental. Individual advice and results will vary based on each client’s circumstances, objectives and prevailing economic conditions.