Who can benefit most from your services?
Any individual seeking a complete understanding of their financial condition and plans can benefit from our services. We serve people at all income levels, from all walks of life. Clients have the flexibility to work with us on either a project or an ongoing basis. We welcome clients who simply need a one-time financial consultation or a second opinion, as well as those who need comprehensive financial planning and possible ongoing services.
What is Wealth Management?
Wealth management is a comprehensive program that provides clients with a complete evaluation of their financial resources, personal risk tolerance, and capital need requirements. We identify, quantify, and prioritize the client's personal and financial goals. An investment policy, including an asset allocation model, is implemented and managed by the firm, designed to achieve the client's stated goals.
What is your investment philosophy?
As financial planners and investment consultants, we believe in the following fundamental principals when designing an investment portfolio and making specific recommendations:
The design of the portfolio must take into account the client's financial objectives, tolerance for risk, needs for current income or liquidity, and special considerations such as income and estate taxes.
The important thing to remember is that no one can predict the future. Investment and economic "experts" provided with the same information often come to different conclusions. We do not suggest that we can, or that any of the money or mutual fund managers that we recommend, will make the correct decision every time. We do believe, however, that studying the historic trends and relationships of investment classes and the philosophies and approaches of successful investment managers can provide valuable insight. The appropriate allocation of investment assets for your goals and risk tolerance is the most important component in developing an investment portfolio. We believe that having a diversified, well-balanced portfolio, following long-term buy-and-hold strategies, and having patience, will increase the likelihood that one will achieve their long-term financial objectives.
Do you work with individual stocks?
While we love to work with individual stocks, bonds, options, ETFs and closed-end funds, a prudent investment decision process forces us to recommend mutual funds and exchange-traded index funds as a cornerstone to every investment portfolio. This is how the largest and most sophisticated pension funds manage their money. Individual stocks have their place, particularly in larger portfolios, but no one position should exceed 5% of an investor's investment assets. We will work with your existing equity holdings to integrate them into our diversified and prudent portfolio designs.
Do you manage trading accounts?
We ggenerally discourage trading accounts. I
have been "trading" for many years and have
had mixed results. For those bent on trading,
we advise them to place at least 80% of their
investment assets in a properly diversified
investment account and speculate with no more
than the remaining 20%. Stop loss rules and
gain harvesting strategies are essential for
success.
How do you select investments for a client?
Before we recommend any investment, we consider
the current economic conditions, the outlook
for that asset class or type of security and
how this investment fits within a client's portfolio
given the defined objectives and tolerance for
risk. With fixed income investments, we look
for the best yield available for a given quality
of security. We strive to obtain the most appropriate
investment vehicles to meet the client's objectives,
while being very conscious of total expenses
and risk exposure.
What is Limited Discretionary Control?
Limited discretion is the authority our clients provide our firm relative to their investment portfolio. It authorizes the custodian of the client's assets (e.g., Fidelity) to accept our instructions regarding purchases and sales within the account. Limited discretion does not allow us to have funds dispersed from the account, other than delivery to the account owner at their address of record.
Do you hold my money?
No. We are registered investment advisors, not brokers. We hold no client assets. The only funds we receive from clients are the management fees. When given limited discretionary authority, we generally recommend the establishment of accounts at major low-expense brokerage firms (e.g., Fidelity). We have negotiated institutional pricing for our clients at these firms.
Will I see a list of investments before they are purchased?
Not typically. When we first work a client, we will collaborate and establish an asset allocation appropriate to and mutually determined with that client. We then provide an Investment Policy Statement that includes a target and ranges for allocation among key asset classes. Prior to implementation of the policy, we will discuss, in detail, the specific recommended investments we will utilize to implement the Asset Allocation Statement.
Will
you consult with me when making trades?
Unless trades fall outside of the Asset Allocation Statement, we do not consult with clients prior to effectuating transactions. On a daily basis, your portfolio, all transactions and valuation can be viewed on the Fidelity website using your confidential login. Of course, we are available to discuss any transactions that may concern you.
How often is my account traded?
We do not generally 'trade' our client accounts. However, we will change the asset allocation and individual securities based upon our perception of changes in the investment environment. Specifically, we rebalance our clients' accounts within the parameters established by the Asset Allocation Statement that reflects their needs and circumstances. We will also make special trades for tax purposes, changes in investment strategies, or changes in management or management style.
How often do you review my investments and my account?
We monitor our client's investments weekly to search for news or developments that may impact performance. Each client's overall asset allocation is reviewed at least monthly.
Over what period will my money be invested?
Money will be invested according to personal time horizons and mutually agreed asset allocation. Generally, for funds needed in three years or less, we will restrict investments to cash equivalents (e.g., CDs, money market) and short- to limited-term bonds. For funds not need for five years, we design portfolios of equities, mutual funds and ETFs.
How
long does it take you to get started?
Upon initial engagement of Noyes Capital Management,
it will take from one week to three months to
fully invest your assets.
How often will I get reports
from you?
In addition to trade confirmations and statements
sent on a monthly basis by the custodian, we
provide a comprehensive customized quarterly
report, along with updated reports at anytime
subject to our client's request. All clients
have access to their accounts on a 24-hour basis
through the Fidelity website.
Is
your fee tax deductible?
Yes. Section 212 of the Internal Revenue Code
permits an itemized deduction for tax and/or
investment advice in the miscellaneous section
of Schedule A. Such deductions are subject to
a 2% floor of the adjusted gross income on a
personal tax return.
How can I get started?
The first step is an initial inquiry from you. Contact us at here or call (973) 267-8120. We offer an initial consultation by phone or in-person. Should you decide to engage Noyes Capital Management, LLC, we will discuss what "next steps" might be appropriate for you. Most clients find the financial planning process to be stimulating and enlightening. The end result, of course, is greater peace of mind. We look forward to helping you build a brighter financial future!
