Frequently Asked Questions
What is the Chartered Financial Analyst (CFA®) designation?
The Chartered Financial Analyst (CFA®) designation is considered the gold standard for the investment industry. Awarded by the CFA Institute after passing three levels of very rigorous exams and testing, the Charter certifies the competence, integrity, and high ethical standards of financial analysts. You can trust a CFA charterholder to put your interests above everything else.
Do you receive any income from my account other than your fee?
No, we do not receive any brokerage commissions, sell insurance, participate in underwritings, tax shelter programs, mutual funds, or any products which might cause a potential conflict of interest. We are not brokers and are not driven by transactions. We are a fee-only advisor and will always serve you with the utmost integrity by acting as your fiduciary at all times.
Does Goldenstone hold custody of my cash or securities?
No, the assets are held in custody with a third-party firm in your name. Goldenstone does not take ownership of any of your assets or accounts, and we simply serve as discretionary advisors and fiduciaries. We ask our clients to choose a third-party discount brokerage house for the purpose of holding the assets and providing detailed record-keeping. You will also receive detailed statements from us.
How long have you managed money professionally?
Our Founders have extensive experience spanning over 30 years, managing millions of dollars for clients in small investment boutiques as well for clients in one of the nation’s largest wealth management firms. We have helped clients succeed in bull and bear markets, thrive through economic booms and busts, and successfully navigated the most difficult and uncertain financial times with discipline, skill, and confidence.
Why is it important to save early, plan properly, and invest wisely?
Recent data from the Wall Street Journal shows half of all Americans have less than $1,000 in savings – not enough to pay for a major car repair. One third of all baby boomers are retiring with no assets, living only on social security payments. A good savings and investment plan will ensure you are financially independent and assure you of a stress-free lifestyle, especially in your golden years.
Do I really need professional investment management?
You may think you could do it yourself, but just like using a dentist or surgeon, if this is not your day job, you are better off delegating this important process to those with expertise. A good investment manager should help increase your odds for success in the marketplace because of their extensive training and the time they will devote to help you grow and preserve your wealth.
How does Goldenstone work with its clients?
Two plans are available to work with Goldenstone. The first is a discretionary plan where all investment decisions are made by Goldenstone as your fiduciary. These decisions follow a previously agreed upon plan, which is your unique investment policy statement. The second plan is a non-discretionary plan where the investment actions need to be pre-approved by the client before executing them.
Why do clients hire Goldenstone?
Our clients hire us for many reasons, but it narrows down to one word - TRUST. Our clients trust us as competent and professional investment managers and fiduciary advisors.
We have distinguished quality credentials (PhD, CFA®). We are highly recognized in the media and community. We are a fee-only advisory firm.
We are independent and have no conflicts of interest or affiliations with marketing groups. We Are The Firm – Goldenstone is operated and managed by the Owners and Founders. We are local and available to consult in person.
Is Goldenstone a Fiduciary?
Yes. A fiduciary has the greatest legal duty to uphold themselves to the highest ethical standards and utmost integrity by putting client’s interests above their own personal interests. We always act as your fiduciary since we do not receive any commissions and are not influenced by marketing groups. We manage your money using loyalty, prudence, and care.
"The individual investor should act consistently as an investor and not as a speculator."
— Benjamin Graham