A. No. At most, you’ll grant Planvesting a limited Power of Attorney to conduct the following activities.
- Place trades on your behalf and in accordance with your Investment Policy Statement.
- Request that your custodian send funds to you directly or to your bank account based on standing instructions approved by you in advance.
- Allow your custodian to deduct our quarterly fee from your account based on the agreed-to contract rate.
Q. Who does Planvesting use as a custodian?
A. We currently work exclusively with TD Ameritrade Institutional.
Q. Does Planvesting have professional liability insurance?
A. Yes. We carry Errors & Omissions insurance.
Q. Do you use model portfolios?
A. No. We have a preferred benchmark portfolio (which you can see here), but we recognize that every client is unique, and we customize our portfolio recommendations accordingly. Some investors, for example, don’t want the additional timing risk associated with heavy value and small-cap tilts. Others will already own funds that are reasonable substitutes for the funds we recommend (and selling them would result in unnecessary trading costs and/or capital gains). Still others may prefer to forego some future growth potential for a more income-oriented strategy.