What should I know about Republic Wealth Advisors?
We offer investment management services to assist primarily high-net-worth individuals and institutions with building and preserving wealth. We serve as a trusted advisor working closing with our clients to create, implement, and monitor investment portfolios designed to achieve a client’s unique financial objectives. Our goal is provide peace of mind to our clients by delivering exemplary asset allocation and investment management solutions.
What services do you provide?
Republic Wealth Advisors provides investment management services to individuals, retirement plans, and institutions. This includes investment management, asset allocation, wealth preservation, and risk management. To the extend specifically requested, we also offer consultation related to estate, tax planning, and retirement needs, and if appropriate, help identify professional relationships in these areas.
Can you provide references?
Yes, we are happy to provide references. Because we respect the privacy and confidentiality of our clients, we prefer to provide references in the later stages of the introductory phase if requested.
Is there a minimum engagement amount?
We don't require an annual minimum fee, but generally we prefer a minimum asset level of $1 million so we can deliver the most efficient use of our management services. This can include assets in multiple accounts and/or assets of multiple family members.
Who manages my assets?
Assets are primarily managed by Republic Wealth Advisors with allocations to our proprietary investment programs and separate account managers.
Where are my assets held?
We have custodial relationships with Fidelity Institutional Wealth Services, TD Ameritrade Institutional, and Charles Schwab Institutional. This strategic relationship allows us to effectively serve our clients while ensuring each client retains full control of their account(s).
How do you manage my account if you don’t have custody of my assets?
When your account is established with the custodian, the account is placed in your name and you retain full authority for the assets in the account. You provide Republic Wealth Advisors with limited trading authorization on your account. This authority allows us or the designated investment manager to initiate buy and sell security trades within your account.
Are my assets pooled with other client’s assets?
No, all clients maintain their assets in individual accounts. Each account appears in the client’s name.
How are my assets protected?
Assets at all three of our primary custodians offer asset protection insurance from the Securities Investor Protection Corporation (SIPC) which protects securities customers of its members up to $500,000, including cash claims limited to $250,000.
All three custodians also offer protection in addition to the SIPC coverage.
In addition to SIPC protection, Fidelity provides its brokerage customers with additional "excess of SIPC" coverage. The excess coverage would only be used when SIPC coverage is exhausted. Total aggregate excess of SIPC coverage available through Fidelity's excess of SIPC policy is $1 billion. Within Fidelity's excess of SIPC coverage, there is no per customer dollar limit on coverage of securities, but there is a per customer limit of $1.9 million on coverage of cash awaiting investment. This is the maximum excess of SIPC protection currently available in the brokerage industry.
Charles Schwab & Co., Inc. provides additional brokerage insurance with Lloyd's of London and other London insurers. Combined with SIPC coverage, Schwab provides protection of securities and cash up to an aggregate of $600 million, and is limited to a combined return to any customer from a Trustee, SIPC, and London insurers of $150 million, including cash of up to $1,150,000. This additional protection becomes available in the event that SIPC limits are exhausted.
TD Ameritrade provides each client $149.5 million worth of protection for securities and $2 million of protection for cash through supplemental coverage provided by London insurers in excess of SIPC protection. In the event of a brokerage insolvency, a client may receive amounts due from the trustee in bankruptcy and then SIPC. Supplemental coverage is paid out after the trustee and SIPC payouts and under such coverage each client is limited to a combined return of $152 million from a trustee, SIPC and London insurers. The TD Ameritrade supplemental coverage has an aggregate limit of $500 million over all customers.
For other custodians, the protection available varies in each case. Please contact Republic Wealth Advisors for questions specific to other custodians.
Please note: SIPC and additional insurance coverage does not protect against a decline in the market value of securities. Therefore, it is wise to discuss your tolerance for risk with your investment advisor and invest responsibly.
How do I receive information about my account?
You will have access to account information through a variety of methods including:
- 24-hour secure access via the Internet to the custodian's site
- Monthly statements from your custodian
- Access to Republic Wealth SmartView, RWA’s Client Portal, a web-based application that provides dynamic account reporting across unlimited client financial institutions
- Quarterly reports from Republic Wealth Advisors to assess where you are and to help keep you on track
How is Republic Wealth Advisors paid for services?
Republic Wealth is paid an annual percentage of assets billed quarterly in advance based on the balance in the account(s) at the end of the prior quarter. Clients can choose to have the fee deducted from their account or pay by check.
If I have a retirement account, can I have management fees taken from the account? Is this considered a distribution?
Yes, you may have your management fees taken directly from your retirement account. However, you cannot have management fees for one retirement account registration taken from another retirement account registration (i.e. management fees for your 401k may not be paid out of your IRA). Management fees are not considered an IRA distribution and are not subject to taxes or penalties.
Why should I consider using an investment advisor?
Industry research continues to reflect that the average investor has a difficult time matching market indexes or beating inflation with a “go it alone” approach. An investment advisor offers expertise in asset allocation and wealth management, focuses on understanding the needs of each client, and then develops a portfolio that attempts to accomplish those objectives. As a result, investors can spend time pursuing their own interests instead of researching investment options.
An additional benefit is that advisors often have access to experts and products that individuals would generally not be able to access. As a result, advisors are often better equipped with information related to investment decisions.
How do I go about getting started?
Republic Wealth Advisors looks forward to working with you! To get started, please contact us in Austin, Texas at 512.506.9395 or in Houston and The Woodlands at 281.408.2538 to schedule a complementary introductory meeting. At the meeting, we will discuss your financial needs and determine if you would benefit from our services. From there, we will move forward on discussing your financial goals and objectives, which includes establishing your risk tolerance. The next phase would involve developing a personalized investment plan and result in an implementation strategy.