Knowledge Base
What is a registered investment advisory (RIA) firm?
Our broker-dealer, Kestra Investment Services, LLC and Kestra Advisory Services, LLC, is a registered investment advisory (RIA) firm. Under the Investment Advisers Act of 1940, any firm that is...
What is a fiduciary?
Under ERISA, a fiduciary is any person, company, or association that renders investment advice for a fee or other compensation with respect to the funds or property of a plan, or who has the...
I consider myself to be financially savvy. Do I need a financial advisor?
Did you know that the majority of all millionaires have hired the assistance of a planner? These highly successful and disciplined people know that accountability is key to success. However, many...
Why should I hire an independent advisor when I can hire the same money managers myself?
The reality is that many of the money managers and other resources we have access to are available only to boutique firms, like ours, focused on serving the complex wealth management needs of...
Do you provide references?
Absolutely. We have many clients who are more than willing to take the time to share with you how PWM has brought value to their life and/or business.
Do you have a minimum account size?
Our wealth management services are designed to address the complex needs of affluent individuals and families with investable assets that exceed $1 million. For clients that do not meet this...
Can I use just one of your services?
Even though we provide a complete range of customized wealth management services, we understand that not every client is going to utilize each service that we provide. We have conscientiously...
What is your fee structure?
For wealth management services, clients pay a flat fee that varies based on the complexity of your financial situation. After the discovery phase of our process, which is complimentary, we will...
What is an accredited investment fiduciary® (AIF®)?
An Accredited Investment Fiduciary® (AIF®) is a financial professional who meets the educational, experience, and ethical requirements established by the Center for Fiduciary Studies™ (the Center),...
What is an accredited estate planner (AEP®)?
The Accredited Estate Planner® (AEP®) designation is a graduate level specialization in estate planning, obtained in addition to already recognized professional credentials within the various...
What is a certified financial planner® (CFP®)?
Licensed by the Certified Financial Planner Board of Standards, CFPs must complete an advanced college-level course of study addressing financial planning subject areas, including insurance planning...
What is a Chartered Financial Consultant® (ChFC®)?
A Chartered Financial Consultant® (ChFC®) is a financial professional who has completed a specified program of study and meets experience requirements and specific ethical standards established by...
What is a Certified Public Accountant (CPA)?
CPAs must have achieved minimum college education requirements, minimum experience levels working in a CPA firm environment, and the successful passing of the Uniform CPA examination. CPAs are...
What is a Chartered Retirement Planning Counselor℠ (CRPC®)?
A Chartered Retirement Planning Counselor℠ (CRPC®) is a financial professional who has completed a course of study encompassing all aspects of mutual funds and their usage as investment vehicles....
What is a Chartered Life Underwriter (CLU®)?
A Chartered Life Underwriter® (CLU®) is a financial professional who meets the educational, experience, and ethical requirements established by The American College. A CLU® has knowledge and...