Wealth Managed To A Higher Standard

Transcription

1 Wealth Managed To A Higher Standard

2 2

3 Who we are has not changed. What we do has not changed.

4 Who is Resolute Investment Advisors? Resolute Investment Advisors, LLC (RIA) was formed by Todd Baker and Brad Harvey to create a place for experienced advisors to conduct their business in an independent-minded, yet collaborative environment. Resolute is a boutique family wealth advisory practice dedicated to serving sophisticated, affluent families in a fiduciary relationship. Our advisors guide approximately 750 families nationwide in the areas of investment and financial management.

5 What Differentiates Us? Resolute Investment Advisors was created to give clients and advisors a place where client interests come first. In the industry, this is referred to as the fiduciary standard. Under this standard, material conflicts of interest are disclosed to the client. RIA is an exclusive practice that works with select invited advisors and clients. Resolute is comprised of successful former wirehouse advisors and their support teams who were looking for an evolved business model that places clients at the center of their practices.

6 Our Team

7 Todd Baker While earning his degree from the University of Oklahoma, Todd realized he had a passion for the financial markets. He began his career as a financial advisor in Todd strives to influence and support others, and has spent much of his career in leadership roles and managing the branches where he worked. Todd s desire is to earn his clients trust and respect for the level of service and results provided by him and his team. At his prior firm, Todd was consistently recognized as a Director s Council member and a Top-Quintile Advisor among his peer group. He is now proud to serve clients through Baker Wealth Management, Inc., a boutique wealth advisory practice. Todd and his wife, Katy, have been married for 27 years and have two daughters, Jessica and Raeghan. Todd spends much of his spare time with family and friends, as well as supporting the community. Todd is excited to use his experience advising clients and managing branches to be a Founder and Managing Partner of Resolute Investment Advisors (RIA).

8 Brad Harvey Brad s primary goal is to have clients feel secure and confident about their financial future. He takes a personalized approach to planning and treats each client as an individual. As a result, he delivers customized plans and portfolios to his clients that are reflections of their goals, aspirations and values. Brad believes that financial planning is not an event, but rather an ongoing process requiring monitoring and revision to ensure that clients stay on track. Whether the outcome is education funding, charitable giving, deriving income during retirement or preserving and passing a legacy to the next generation, Brad has a defined, comprehensive process to help clients achieve their goals. For more than 20 years, Brad has helped affluent clients with financial planning, wealth management, retirement plans, and developed solutions for individuals and their closely-held businesses. In addition to his law degree, Brad holds the Certified Financial Planner (CFP ) and Certified Investment Management Analyst (CIMA ) designations. He was included among the Best Advisory Practices in Colorado by the National Association of Board Certified Advisory Practices (NABCAP) in 2011 and He enjoys spending time with his wife and two boys on the golf course.

9 Jack York Jack helps clients achieve retirement and personal goals by utilizing a planning process that helps them plan effectively, invest wisely and map a realistic financial course. In the 35 years since he began his career as a financial advisor, there have been many changes to the global financial landscape: major market shifts, economic booms and busts, and profound technological advances. What has remained constant throughout these times of change is Jack's commitment to helping his clients meet their financial goals. Jack serves individuals and families, with a particular interest in assisting those clients who are retired or nearing retirement - a critical inflection point in their financial lives. Typically, these clients have a healthy retirement savings, but they may need a strategy that blends a variety of investment products to help them maximize their retirement income. Planning for key risks, including market risk, inflation risk, and longevity risk is a first-order responsibility for Jack, who leverages his experience and sophisticated technology to understand, measure and help mitigate these risks. After graduating from Western State College with a degree in Business Administration, Jack began his career as a financial advisor. For the past 35 years, he has enjoyed helping clients reach and maintain their financial goals. Jack and his wife, Ellen, are outdoor enthusiasts and regularly take advantage of the hiking trails and snowshoeing available in Colorado. When he is away from the office, Jack s true passion is upland bird hunting with his two English Setters. He serves as a board member for Cheyenne Village, a non-profit organization serving adults with developmental disabilities.

10 Jim Young Jim has 37 years of experience in the securities industry, with 30 of those spent in Colorado. He has been affiliated with Merrill Lynch and UBS Financial Services, serving a wide array of individual and institutional clients. Jim s preference, for his entire career, has been the fixed income securities markets, with a focus on municipal bonds. While at PaineWebber, which later became UBS, Jim was one of the largest municipal bond advisors in the Southwest region. As the securities industry has changed, Jim has adjusted his investment strategies to incorporate new ideas, while maintaining a risk averse mentality. When Exchange Traded Funds (ETFs) were introduced, Jim was an early adopter of the concept as a viable portfolio tool. Changing with the times has also required a re-examination of the more traditional buy and hold approach. Despite this potential for increased volatility, preservation of capital and lowering volatility remain the primary goals of Jim's approach to asset management. These situations have led Jim to the important decision that serving his clients interests means moving away from traditional investing and embracing new, but moderate, ideas. He is very excited to have the opportunity to serve his clients with the support of RIA and the HighTower platform. Jim and his wife, Monica, recently celebrated their 44 th anniversary. They have two grown daughters, and three grandchildren. Jim and Monica enjoy hiking, snowshoeing, travelling, and organic gardening. They are ardent supporters of the Colorado Trail Foundation, Barr Camp, the Ralph Wilson Youth Club and several other non-profit organizations in Colorado.

11 Working with Us We have an unobstructed view in which we provide clients with portfolio and wealth management services. Every solution has been carefully chosen with you in mind. We have access to some of the most prominent capital markets and trading desks on Wall Street, as well as various lenders and trust companies. Our experience lies in helping affluent clients address their comprehensive wealth management needs through tailored plans that lead to action. We monitor and make adjustments regularly based on economic cycles and life events.

12 Our Core Values We strive to uphold our fiduciary standard, so it made sense for us to partner with HighTower as our platform provider. They encourage truly independent investment advice, and their community of elite financial advisors are committed to serving their clients as fiduciaries. From sophisticated technology and collective wisdom, to the breadth of investment solutions and the fiduciary standard, both the HighTower model and our business is designed to focus on you, the client. Our ultimate objective is to serve you, our clients. Doing so requires understanding each individual and providing you with thorough, personalized investment advice.

13 Our Services

14 Our Service Offerings Our services extend beyond traditional wealth management. We fully coordinate your family s overall financial landscape to help meet your needs and objectives. Investment Management AssetAllocation Tactical Deployment Customized InvestmentStrategies RiskManagement Consolidated Reporting PortfolioManagement AlternativeInvestmentSolutions Lending Solutions Financing Strategies HighlyCompetitiveLendingRatesvia custodian Referral RelationshipsinPlaceforNon-Custodian Lending Solutions Estate & FinancialPlanning SuccessionPlanning Education andretirement Planning GenerationalEducation Programs FamilyGifting Family Office& Executive Banking CashManagement BillPay DocumentManagement CheckingAccounts Key AdvisorCoordination andselection CollegeFunding Health CareandInsurance Resources InvestmentBanking andbusinessvaluationservices Philanthropic Strategy & Planning CharitablePlanning DonorAdvisedFunds FamilyFoundations Tax Management Proactively harvestlossesacrossinvestments Considereachentity stax treatmentwhen allocatinginvestments Estimategainsand/orlossesontaxable accounts Estimatereturns foralternativeinvestments Tax summary,1099 s, andk1 sprovidedtoclientsandcpas as soon as is practicable

15 HIGHTOWER IS A FIDUCIARY OUR LEGAL AND FIDUCIARY OBLIGATION TO OUR CLIENTS FORMS THE FOUNDATION OF ALL THAT WE DO. OUR CLIENTS ENJOY THE CONFIDENCE OF KNOWING THAT SERVING YOUR INTERESTS IS MORE THAN A LINE IN OUR MISSION STATEMENT IT IS OUR FIDUCIARY DUTY. - ELLIOT WEISSBLUTH, CEO 15

16 Why Hightower? Choice HighTower s platform allows for client assets to be held at multiple independent custodians, such as Fidelity, Charles Schwab, and Pershing/BNY Mellon. Expansive Investment Offering We have access to a multitude of capital market desks, numerous trust companies, lenders and insurance providers. Customized Reporting We are not captive to the proprietary technology of a regional bank. Through HighTower, financial planning tools and performance reporting is customizable. Breadth of Research We now have access to additional research from Wall Street firms, third-party nonstreet vendors, and a suite of other research capabilities.

17 HighTower s Story HIGHTOWER BY THE NUMBERS FOUNDED 2008 HEADQUARTERS REGIONAL CORPORATE CENTERS OFFICES Chicago New York & San Francisco 67 Nationwide EMPLOYEES 450+ ADVISOR TEAMS 74 TOTAL ADVISORS 160+ OVERVIEW HighTower is a national financial advisory firm offering a distinct model that blends objective wealth management advice with a robust technology and services platform. Their dedication to transparency in wealth management for investors and comprehensive support for independent advisors sets them apart. OPEN ACCESS Because they do not sell or manufacture financial products, HighTower advisors are less restricted in terms of investment providers than those who work for large brokerage firms. As a result, their advisors clients often have access to products not available to traditional brokers.

18 HighTower Compliance Procedures HighTower is the parent of two regulated entities: HighTower Advisors - An investment advisor registered with the SEC. HighTower Securities - A member of FINRA and the National Futures Association. Each entity has a named Chief Compliance Officer (CCO) as required by the SEC and FINRA. The CCO: Oversees a fully staffed compliance group. Is responsible for regulatory compliance and risk management for all advisor teams and HighTower firm-wide. Additional protection at HighTower: HighTower Securities carries SIPC insurance Fidelity Bond Executive Protection Liability E&O and D&O insurance 18

19 HighTower s Client Portal HighTower s Client Portal is a secure, online platform that offers clients a comprehensive, unobstructed view of their wealth. Benefits of the portal include single sign-on, industry-leading security, sophisticated features, and user-friendly functionality. Developed in partnership with emoney, this tool was created to give clients an all-encompassing view of their wealth.

20 HighTower s Client Portal, continued A Holistic View The Client Portal makes it quick and easy to connect with your financial accounts. With balances that automatically recalculate throughout the day as the markets change, the portal gives you timely, up-to-date information. This portal provides a view of your accounts in one private and secure place, how it has grown over time, asset classification, top holdings and financial transactions. Data Security The safety and security of your assets is of the utmost importance to HighTower. The Client Portal employs industryleading security practices and protocols to protect your data. In addition, unlike online banking, trading or retail websites, the Client Portal is non-transactional, meaning that your money absolutely cannot be moved, withdrawn or accessed on our system.

21 HighTower accolades HighTower is a national industry-leading* wealth management firm offering a distinct model that blends objective wealth management advice with a robust technology and services platform. Their independent advisors dedication to transparency and comprehensive *HighTower Named#2on ForbesTop 100 WealthManager slist 2016 support sets them apart. Clients financial well-being and deeply rooted trust is the foundation of the firm. HighTower s sophisticated platform and growing national presence has Nearly 40% of all HighTowerAdvisors have beenbarron s ranked at somepoint in their careers attracted some of the industry s most elite financial advisors. High Tower s advisors and the firm have received prestigious industry recognition for growth and excellence. HighTower does not trade a proprietary balance sheet, and it does not HighTowerNamed one of the fastest-growing private companieson Inc for fourthconsecutiveyear act as custodian for clients assets.

22 Client Advantages FIDUCIARY We serve you, your family and your business as fiduciaries. A fiduciary is an individual in whom another has placed the utmost trust and confidence to manage and protect property or money. It is a relationship in which one person has an obligation to act for another's benefit. We are not beholden to sales agendas or proprietary products rather, our affiliation with HighTower gives us access to quality investment solutions from top firms and service providers. Our model enables you to benefit from competitive pricing, as well as a diverse selection of sophisticated products and services.

23 Client-centered solutions It starts with the client. Our concerted effort provides solutions for an array of client needs, goals and objectives, including: charitable giving, estate planning, risk management, financial organization, behavioral management, investment solutions and tax efficiency. HighTower provides: Technology, compliance, infrastructure, capital markets, research portal We provide: Advice, planning, solutions, client relationship management, and implementation of investment strategies Schwab provides: Asset custody (safekeeping), trade clearance, recordkeeping, online services

24 Separation of services = Checks & Balances INVESTMENT ADVISOR CUSTODIAN (Asset Protection) BROKER/DEALER (Trade Execution) INVESTMENT SOLUTIONS / MONEY MANAGERS The functions of these service providers above are separate and operate independently to provide a system of checks and balances. When the investment advisor is independent of the other service providers, it minimizes potential conflicts of interest. HighTower coordinates the specialties and resources expertise of the various custodians, money managers, and reporting providers. 24

25 INVESTMENT ADVISORS & CUSTODIANS Separating the advisor from the custodian provides an added level of asset safety Investment Advisors Assess the financial needs and goals of clients Custodians Safeguard financial assets Provide portfolio management and investment recommendations to meet financial goals Arrange settlement for purchases and sales of securities Educate clients on investment options Issue statements and transaction confirmations Monitor and update client goals and appropriate investment solutions 25

26 Custodian Selection It is important to know that your assets are in strong hands. Since HighTower is not bound by in-house or custodial relationships, RIA is able to select a custodian based on their clients wealth management needs, goals and interests. Considerations include safety of assets, credit rating, private investment capabilities, online functionality and client service.

27 Schwab Safeguarding Your Assets

28 Our primary Custodian: Charles Schwab STOCKHOLDER S EQUITY $8.9 billion* AVAILABLE LIQUIDITY Approximately $1.2 billion in freely available cash LONG-TERM DEBT-TO-EQUITY RATIO 25.3% TOTAL CLIENT ASSETS $2.51 trillion (as of November 2016)** Subject to regulations of SEC and other regulatory organizations, required to regularly file reports with SEC about its net capital position; required to maintain minimum net capital equal to 2% of aggregate debit items associated with customer transactions. Audited every year by an independent public accounting firm. CREDIT RATINGS Moody s (A2), S&P (AA) and Fitch(AA)*** Sources: *2015 Annual Report, The Charles Schwab Corporation, February 24, 2016, p.65. ** Charles Schwab Corporation, About Schwab: Who We Serve. *** Management s Discussion and Analysis of Financial Condition and Results of Operations, The Charles Schwab Corporation

29 Disclosures Resolute Investment Advisors, LLC is a company created to provide organizational support to investment professionals registered with HighTower Securities, LLC, member FINRA, MSRB and SIPC & HighTower Advisors, LLC a registered investment advisor with the SEC. All securities are offered through HighTower Securities, LLC and advisory services are offered through HighTower Advisors, LLC. Resolute Investment Advisors, LLC is NOT a registered investment advisory firm nor is it a member of FINRA, MSRB or SIPC. No investment process is free of risk and there is no guarantee that the investment process described herein will be profitable. Investors may lose all of their investments. Past performance is not indicative of current or future performance and is not a guarantee. Carefully consider investment objectives, risk factors and charges and expenses before investing. These materials are solely informational. In preparing these materials, we have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public and internal sources. Neither HighTower nor Resolute Investment Advisors shall in any way be liable for claims and neither make any expressed or implied representations or warranties as to their accuracy or completeness or for statements or errors contained in or omissions from them. This presentation is purely for information and discussion purposes only.

30 Resolute Investment Advisors, LLC 102 South Tejon Street, Suite 500 Colorado Springs, CO (719)