Firstmetric Announces New Website and Disrupts Traditional Investment Advice Fee Model
TROY, Mich., Oct. 4, 2017 /PRNewswire-iReach/ -- Firstmetric announced the launch of its new website http://www.firstmetric.com and the next evolution of how investors should be paying investment advisors for advice and portfolio management services. Firstmetric's mission is to help clients achieve their investment goals by capturing market performance with personalized advice, while keeping total investment costs extremely low and 100% transparent.
"We believe that the investment advice and guidance that most people receive is typically not in their best interests and is often plagued with high cost investment products based on stock tips, an advisor's bias and personal opinions or the latest market trends and fads," said Scott Salaske, CEO of Firstmetric.
Firstmetric is the complete opposite, offering time-tested, passive investment strategies using asset class and index funds typically from Vanguard, Dimensional Fund Advisors (DFA Funds) and iShares. Also, Firstmetric is a fiduciary and acts in its clients best interests with its disciplined investment approach, low total investment costs and personalized investment strategies and advice from humans, not computers.
"The current advisor fee model of clients paying a percentage of assets under management regardless of the size of their total investment portfolio is outdated, costly to clients, and should have a fixed maximum cap on their total annual fees," said Salaske.
At Firstmetric, a client is changed 0.25% of their assets under management, which is typically one quarter the rate that the average advisor charges at 1%. Also, unique at Firstmetirc, clients are not charged a management fee on any assets above $5 million.
There are certain fixed and variable costs that an advisor incurs for each new client relationship size, up to about $5 million of assets under management. However, once a client reaches about $5 million in assets, it does not cost an advisor anything more in expenses to service a client, which is why all investors should have a fixed maximum cap on the amount of annual fees that they are charged by an investment advisor.
Finally, Firstmetric offers clients its 100% Happiness Guarantee. "If a client is not happy, then we're not happy," said Salaske.
For more information, please visit http://www.firstmetric.com.
About Firstmetric
Firstmetric is a full-service, low cost investment advisory firm offering complete investment management and personalized advice including: initial and ongoing financial reviews, asset allocation and investment selection, cash flow planning and guidance, rebalancing, and tax strategies; from humans, not computers.
Media Contact: Scott Salaske, Firstmetric, LLC, 800-801-6855, [email protected]
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SOURCE Firstmetric
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