The main objective of an Registered Investment Advisor is to compose, construct, monitor and re-balance a client's portfolio. The process consists of determining a client's goals and risk tolerances and designing a portfolio of asset classes to help meet that goal. PDM Advisors constructs portfolios with index mutual funds and exchange traded funds (ETFs) covering as much of the investment universe as possible. This usually includes international stock, US stock, emerging market stock, commodities, real estate, and bonds. Broad diversification and the use of index products is also an important component in managing risk.
June 05, 2008
Consulting
On occasion I have rendered my opinion on various investment products or portfolios. If a person would like me to review their current portfolio and offer a written opinion, I will gladly do so at the hourly rate of $75.00. This service may be particularly helpful to those individuals who manage their own investments but would like the opinion of a professional to make sure they are on track to reach their goals. Of course, if a person is going to transfer their portfolio to PDM Advisors no charge will be levied.
Life Insurance Products
Life products have been mis-sold for decades. Commission driven salespeople have used Life products to address needs best done by investing. They do, however, provide specific solutions to specific problems. I am currently licensed in AL and NY although it is a very minor part of my practice. On occasion, my clients need some specialized life or annuity products. I provide these products outside of my Registered Investment Advisor capacity.
December 29, 2007
Retirement Planning
Over the past few decades the trend has been towards employee based retirement savings and less guaranteed pensions from the employers. This has put workers in this country in a precarious position. Unless you think you can live on your Social Security benefits (good luck with that), then American workers need to start saving for retirement sooner rather than later. One of the main vehicles used is the 401K plan. The drawback for most workers is thinking they have time to save and they would rather use their money now. The second thing that inhibits workers is trying to understand how to allocate their contributions among a dizzying array of choices. My experience has been that when people don't feel comfortable choosing, they default to a low risk/low reward approach using money market or bond type investments. Because the portfolio needs to grow faster than the rate of inflation to truly grow, this approach is typically too conservative.
PDM Advisors
PDM Advisors (PDM) is a sole proprietor owned by Peter Maynard, MBA. PDM is also a Registered Investment Advisor (RIA) doing business in Alabama and New York and may work with a limited number of clients in most other States. An RIA, by regulation, must act in the "best interests" of it's client in all aspects of the financial relationship. This is more strict than the regulatory threshold of stockbrokers and other "advisors" who must only meet a "suitability" requirement. In plain English, this means that the brokerage house and its employees may not always act in the best interest of the client. I leave it to you, the reader, to decide which type of investment professional you would like managing your money. The only form of compensation PDM receives is an annual percentage of the assets under management.....no commissions or other forms of compensation from transactions are accepted. This percent of assets managed means both the advisor and the client benefit from a common purpose......to increase the client's portfolio.
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