How do I benefit from working with a Registered Investment Advisor?

Federal and state law requires that Registered Investment Advisors (RIA) be held to a Fiduciary Standard. This requires an advisor to always act solely in the best interest of the client. RIAs are required to disclose any conflict, or potential conflict, to the client prior to and throughout a business engagement, adopt a Code of Ethics, and fully disclose how they are compensated.

What is the difference between a Broker and a Registered Investment Advisor, like Samalin Wealth?

Federal and state law requires that Registered Investment Advisors be held to a fiduciary standard. This requires an advisor to always act solely in the best interest of the client.

Unlike a registered investment adviser, a broker that provides recommendations is not bound by a fiduciary duty but instead has a general obligation to act in the best interest of a retail customer. A retail investor should request a copy of a broker’s Client Relationship Summary (Form CRS) to learn about its services, fees, and conflicts. Samalin Wealth’s Form CRS is available here . It’s then up to you to decide if the relationship is in your best interest. Be sure to read the fine print!

How is Samalin Wealth compensated?

As a client of Samalin Wealth, you will pay a quarterly fee, in advance, that is a fractional percentage of assets under our management. We also provide financial planning on a flat fee basis. We accept no commissions, no 12-b1 fees, or payments from third parties. Our fees are completely transparent and can be found on our Form CRS  and Form ADV.

Are my assets protected?

Your accounts are held in your name and your name alone and are custodied at Fidelity Investments. You will receive an independent statement of your accounts directly from Fidelity and can view your portfolio anytime at Our funds are never commingled with yours at any time.

Your account is insured against Fidelity’s bankruptcy up to the value of the account. There is no per customer limit on coverage of securities. Your account is protected by the Securities Protection Corporation (SIPC) in case a brokerage firm goes bankrupt – up to $500,000 in securities, including $250,000 limit for cash held in a brokerage account. In addition to SIPC protection, Fidelity provides its brokerage customers with excess of SIPC coverage.

Are there any tax implications when I transfer my account(s) to Fidelity?

Since nothing is bought or sold, the process is not a taxable event. This is simply a transfer from one firm to another.

How long does the transfer process to Fidelity Investments take?

Standard processing is roughly one to three weeks, and if you need to handle a transaction or get access to funds in the meantime, we can facilitate that for you.

I'm interested in a second opinion with my existing investments and don't want to move them from our existing wealth manager.

A fresh set of eyes is always a good idea. We can review your existing investment program to expose potential risks and opportunities. We can also provide ongoing services. You control the interaction at all times, and we operate with full discretion. Your existing investment advisor or broker will not be contacted or notified.

Still have questions?

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