We don’t think an investor should pay to finance a Wall Street broker’s lifestyle.
New York, NY (PRWEB) May 23, 2011
Investors who want to minimize the cost of investing and balance risk with reward potential have a new resource in Wealth Sprout. The company, which launched its website this week, eliminates the need for expensive brokers and most investing costs, according to Wealth Sprout Founder and CEO Zina Spezakis, a Chartered Financial Analyst with 17 years of Wall Street money management experience.
“We don’t think an investor should pay to finance a Wall Street broker’s lifestyle, or be subject to conflict of interest. Wealth Sprout clients keep more of their investment return for themselves because we use a predominantly passive-management approach that is fee-based and free from conflicts of interest,” said Spezakis.
“Our investment philosophy is simple. We design custom portfolios using asset allocation, based on each client’s investment goals, personal circumstances and tolerance for risk. Then we use index mutual funds to construct each portfolio. There are no research analysts, no brokers, no expensive active trading and no expensive marketing departments,” said Spezakis.
Wealth Sprout also performs continuous investment management of client accounts to monitor changes in an individual’s financial situation and investment strategy. “If a client’s situation has changed, we will make the necessary portfolio adjustments. But we never incur trading costs unless they’re needed and to the client’s benefit,” she said.
Spezakis explained that Wealth Sprout favors index funds because study after to study has shown that they outperform the vast majority of actively managed funds over the long term. “We research the funds and select them based on six criteria, including cost of fund and diversification. It isn’t rocket science, but it does take more time than the average investor has. Wealth Sprout does the hard work and makes investment accessible to anyone.”
Spezakis noted one more reason to choose Wealth Sprout. “A portion of every fee we earn goes to support environmental and social causes. That’s something an investor can feel good about.”
About Wealth Sprout
Wealth Sprout makes investment accessible to everyone. We are a SEC registered internet investment adviser providing transparent investment advice and account management that is free from conflict of interest and personalized for each client’s investment goals, personal circumstances and risk tolerance. We design custom portfolios, constructed primarily of low-cost, low-turnover, broadly diversified index mutual funds. Wealth Sprout uses asset allocation and a predominantly passive-management approach that eliminates the need for expensive brokers and the costs associated with actively managed accounts. Wealth Sprout is registered with the SEC and uses a brokerage platform provided by Shareholders Services Group, an SEC-registered broker/dealer, regulated by FINRA and a registrant of the MSRB, and a clearing correspondent of Pershing LLC, where all Wealth Sprout client accounts are held in custody. The company was founded by Zina Spezakis, CFA, who has 17 years of Wall Street money management experience advising clients on investing. For more information, visit http://www.WealthSprout.com.