What Can a RIA Do For You?

Independent Registered Investment Advisors (RIAs) are professional independent advisory firms that provide personalized financial advice to their clients, many of whom have complex financial needs.

Because these advisors are independent, they are not tied to any particular family of funds or investment products.

As fiduciaries, they are held to the highest standard of care—and are required to act in the best interests of their clients at all times.

They are registered with either the Securities and Exchange Commission or state securities regulators.

Soundmark Wealth Management is proud to be an independent RIA. There are five key benefits to working with RIA firms like ourselves.

1. Customized guidance based on your entire financial picture – Independent advisors are not tied to any particular family of funds or investment products. So whether you need help with retirement planning, a tax situation, estate planning, or managing assets at multiple places, independent advisors have the freedom to choose from a wide range of investment options in order to tailor their advice based on what’s best for you.

2. A relationship that’s responsive, attentive, and personal – To offer advice closely aligned with your goals, independent advisors must first build a strong understanding of your situation. As a result, many independent advisors focus on building deep relationships with their clients. This often takes regular, ongoing interactions. And because many of these advisors are entrepreneurial business owners, they hold themselves personally accountable to their clients.

3. A fee structure that is simple and transparent – Independent advisors typically charge a fee based on a percentage of assets managed. This fee structure is simple, transparent, and easy to understand. It also gives your advisor an incentive to help grow your assets. When you succeed, your advisor succeeds.

4. A high level of expertise to support your complex financial needs – Independent advisors can help investors address the variety of complex investment needs that arise when you accumulate significant wealth. While specific services vary from firm to firm, they are often described as financial “quarterbacks” focused on your holistic financial picture. Some advisors are specialists in certain investment strategies. Others can assist you with comprehensive services, such as estate planning or borrowing, the sale of a business, complicated tax situations, trusts, and intergenerational wealth transfer. Soundmark Wealth not only provides investment and portfolio management, but also wealth management, financial planning, and corporate retirement plan management.

5. Your money is held by an independent custodian, not the advisor firm – Independent advisors use independent custodians, like Charles Schwab and others, to hold and safeguard clients’ assets. For many investors, this provides a reassuring system of checks and balances—your money is not held by the same person who advises you about how to invest it.

We Can Help

To find out if working with an independent RIA like Soundmark Wealth is right for you, give us a call. We would be happy to discuss your financial situation.