Relationship Options
Real Relationships. You Decide.
World Trend Financial is both a registered investment advisory firm and an independent broker-dealer. What does that mean for you? It means you choose a relationship that makes you most comfortable.
Asset Management Relationship (fee-based)
An asset management relationship with a financial advisor is unique in that the advisor has a fiduciary duty to act in the best interests of the client at all times. A fee is negotiated in advance and based on the total amount of assets under management. Typical fees range from 0.75% to 1% annually on your total assets invested. There are no commissions paid to World Trend Financial on purchases or sales of assets under management.
Brokerage Relationship (commission-based)
A traditional brokerage relationship with a registered financial advisor assures a client that a thorough suitability analysis will be conducted, taking into account an investor’s risk tolerance, time horizon, and objectives before any recommendations are made. For this relationship, commissions are paid on any purchases or sales of securities in accounts set up with World Trend Financial (certain exceptions). For example, the cost to purchase a mutual fund might be an up-front sales charge from 1%-4% on your investment.
Consulting Relationship (hourly-based)
A consulting relationship is for those who are not necessarily looking for an ongoing relationship with World Trend Financial. An individual might simply want advice on a specific financial problem or an overall assessment of their existing portfolio. In this case, the client agrees to pay an hourly rate (or a flat fee) for the time spent researching their particular issue. For example, a client might pay an hourly rate for three hours of work for the evaluation of their existing annuity or an insurance policy proposal from another firm. Many such clients are looking for a second opinion from another financial advisor on their holdings.
For more information on
Relationship Options, contact
Tory Meiborg or
Donna Sanders. They can be reached in Cedar Rapids at (319) 364-3041 or Iowa City at (319) 339-4884. Additionally, feel free to use our
Contact Us online form.