What would a practice custom-built for technology professionals look like?
We believe it would look precisely like this.
Advice from personal stock option experience
Industry norm: The majority of advisors have a background in brokerage or insurance sales.1 Very few have first-hand experience with concentrated stock option wealth.
Schmidt Financial: We have over 20 years of collective experience in VC, start-ups and tech stalwarts. You won’t have to explain 83b elections or 10b5-1 plans – we have lived it.
Proven experience in IPO wealth preservation
Industry Norm: Despite being extremely beneficial for investors, Cerulli Associates has determined that only 15% of US-based financial advisors concentrate on a unique niche.
Schmidt Financial: For over two decades, we’ve focused exclusively on helping our clients navigate sudden wealth events (IPOs, private liquidity events and acquisitions). Over that period of time we’ve developed proprietary insights.
Reporting that tracks progress to documented goals
Industry norm: Despite the volatility of 2008, performance reports typically do not reference risk or track the probability of reaching your goals.
Schmidt Financial: Our reports show your risk-adjusted return versus multiple benchmarks and track how portfolio results impact the odds of reaching your goals.
Transparent fees and independent advice
Industry norm: According to an SEC study, 90% of broker-dealers have “preferred” relationships, where an advisor’s pay varies based on what he/she recommends to clients.
Schmidt Financial: We work for an asset-based fee that is below the industry average.1 That fee is agnostic to the investments we recommend to clients. No pushing of products or services – our only concern is what’s in your best interest.
1 The NAPFA Benchmarking Survey, Moss Adams LLP, 2006
Advisors with meaningful education and credentials
Industry norm: Only 10% of advisors hold an MBA and less than a third have an advanced degree, CFP or CIMA credential.1
Schmidt Financial: Each of our advisors has an MBA or has completed a CFP or CIMA program. Your advisor isn’t a salesperson. They have the professional background and knowledge necessary to translate macro-economic headlines into actionable impacts on your portfolio.
1 Cerulli Associates