Questions/ Concerns
How do I know that you won't run off with my money?
Clients' assets are held in custody by your independent custodian are not property of Watermark Advisory Group. Any money moving out of your account must be made through your custodian with your approval. No creditors of the custodians or of Watermark Investment Services have access to the assets in client accounts.
Is my account insured?
Some deposits held by the custodians are insured by the Federal Deposit Insurance Corporation (FDIC) and/or by the US Treasury's Temporary Guarantee Program. However this is limited to cash balances eligible for such coverage. Watermark Investment Services has professional liability insurance. Protection provided by custodians varies, but generally includes coverage by the Securities Investor Protection Corporation (SIPC) up to $500,000 and "excess SIPC" coverage by Lloyd's of London or others that approach $2,000,000 per account or $1 billion dollars in aggregate. It should be noted that insurance coverage provided by Watermark Investment Services and the custodian, do not protect against losses incurred in the market value of securities held in accounts.
Will my smaller size portfolio receive as much attention as your larger ones?
Yes. We evaluate and recommend the same range of investment options and products for all clients, although the mix of options or products will vary depending on each client's need, objective, and tolerance for risk. Regardless of the size of a portfolio, our portfolios generally hold similar investments when the objective is the same.
Do you consult me before making trades in my account?-
When we take on a new client, we set investment guidelines, restrictions, and initial recommended transactions which are all approved by our client. Our clients receive confirmations of all trades.