Performance Fees With A High Water Mark – Example Calculation

Posted Leave a commentPosted in Client Service

Here’s one illustration I often use assuming fees are 0.2%/year of assets + 20% performance fee, and the account is worth $100 on December 31st. All the below illustrations assume you did not deposit or withdraw any money from the account over the course of the year, and are for illustration purposes only, with no […]

Getting Interactive Brokers statements automatically e-mailed to you, monthly or even daily

Posted Leave a commentPosted in Client Service

Interactive Brokers is known for being far more trader friendly and tech friendly than user friendly, and many users may feel they have too much choice in how to customize their statements.  Below is a quick guide with screenshots that will hopefully help clients log in to Account Management and set up statements for one-time […]

How Much Financial Advisors Charge – Pricing by Account Size and Other Factors

Posted Leave a commentPosted in Client Service, Education, Investing, Personal finance, Saving

More than almost anything else, I believe the financial services industry needs greater price literacy and price transparency.  In almost any other business, customers are used to looking at and comparing the prices of the goods they buy from a store or website and the services they buy from a tax preparer or hairdresser, but […]

A few words on Digital Signatures

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To minimize costs and maximize security and efficiency for our customers, our regulators, and our staff, GFM handles almost all signed documents using paperless digital signatures.  As a platform, we have chosen Adobe Sign, which is similar to its more widely used competitor DocuSign.  In the future, we may see increasing use of open digital […]