‘What’s Doing’ at David Gratke Wealth Advisors?

  • Written by David
  • December 17, 2010 at 1:35 pm
  • 0
  • Greetings from David Gratke Wealth Advisors (DGWA) this Holiday Season!

    It’s been a busy  summer and fall at DGWA. This newsletter will focus on the activities created on your behalf, my client, this past summer and fall to ensure your financial success.

    Registered Investment Advisor (RIA)

    I recently completed my registration with the SEC as a Registered Investment Advisor (RIA). What is an RIA you may ask? Let me quote from the Financial Planning Association, which recently announced a Standard of Care for financial planning professionals. The Standard of Care clarifies the role of a fiduciary adviser subject to the Investment Advisers Act of 1940.  According to the Standard of Care, all financial planning services will be delivered in accordance with the following standard of care:

    • Put the client’s best interests first;
    • Act with due care and in utmost good faith;
    • Provide full and fair disclosure of all material facts; and
    • Disclose and fairly manage all material conflicts of interest.

    It has always been my goal to act as a fiduciary on behalf of my clients, to include individual private net worth clients and corporate 401(k) retirement plan clients. Being an RIA allows me to reinforce this goal; to have the duty and care of managing your investments with your best interest in mind.

    Note that stockbrokers and insurance agents are not held to this level of fiduciary care. Legally they do not have to have their client’s best interest first, but rather just meet certain suitability requirements. A Fiduciary Advocate group recently surveyed investors on this timely subject hoping the SEC takes notice with respect to this lack of understanding by investors.  The survey’s findings are astounding: investors believe brokers and agents are held to this level of fiduciary care. They are not.

    Portfolio Monitoring and Measurement System (PMM)

    We have invested in a new portfolio monitoring and measurement platform which provides you with the tools needed to manage your accounts.

    PMM is a simple to use, web-based solution that allows you to access all of your account information across multiple institutions  in a single place.  The tools on the website allow us to run reports on accounts, groups of accounts, and across your entire portfolio or household of accounts.  Types of reports available include activity, holdings, asset allocations and pertinent account details.  In addition to account information, PMM analyzes data each day and calculates the return for each account, group, and household.    These returns can easily be switched from daily to monthly , quarterly, and yearly too.

    On top of all the reporting, PMM provides a document vault that allows me to upload reports and documents for you to securely access and for me to store.  This will help eliminate some of the need to  mail sensitive documents and forms through snail-mail or email.  There is also a tool that allows both of us to create a statement-on-demand; giving us control of when we want to view our statements.

    Family Financial Websites (FFW)

    Later this winter, DGWA will be introducing Family Financial Websites. This will allow you, the client, to create perhaps for the very first time, a holistic view of your entire financial ‘picture’. You will be able to receive targeted financial guidance from DGWA on any or all of your financial positions regardless of the location of such asset or liability. As an example; get help managing self-directed accounts such as your employer sponsored 401(k) plan or employer sponsored stock option plans. By having a complete view of your financial picture, including all assets and liabilities, you will be ‘educated, empowered and enlightened’ to make better, more targeted decisions about your financial life!

    FFW uses unmatched security – FFW leverages the same technology that is used by the world’s leading financial institutions to safeguard Internet banking portals, so we at DGWA and our clients can be sure their data is protected.

    What data can your FFW include?

    • Deposit Accounts: Checking, Savings, CD and Overdraft
    • Investment Accounts: Brokerage, 401k, 403b, Cash Management, Money Market
    • Mutual Funds
    • Employee Stock Purchase Plans
    • Employer Stock Options/Grants
    • Insurance/Annuities: Annuity, Term Life, Universal Life and Whole Life
    • Liabilities: Credit Card, Mortgage, Home Equity and Line of Credit

    FFW will soon integrate with the above mentioned Portfolio Monitoring and Measurement system thus allowing us to create performance reports on any or all of your household accounts as you like in one concise report. Here’s to planning your ‘perfect day’!

    The benefit to you includes complete monitoring and management of your entire financial portfolio. Receive accurate and targeted financial guidance by DGWA thereby increasing your probability for financial success. No overlapping of activities, no gaps in activities.

    Investing in Your Future

    We at David Gratke Wealth Advisors, LLC are proud to be investing in our firm during such challenging global economic conditions  as experienced over the past few years.  From our Portfolio Monitor and Measure System, the Family Financial Website addressing the need for holistic financial advice, to our core philosophy of acting in the client’s best interest, we are please to be of service to you so that you may live  ‘your perfect day’.

    Happy Holidays

 

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  • Gratke Wealth, LLC is a registered investment adviser in the State of Oregon. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.