Frequently Asked Questions

Why is working with a fiduciary important?

Within the financial advisor industry there are two standards of client care. The most common is the “suitability” standard, which requires that advisors’ recommendations only needs to be “suitable” to clients’ needs.

At Family Dynasty Advisors, we adhere to the far more rigorous “fiduciary standard.” As fiduciaries, we are always required to act in our clients’ best interests. Our advice must be free of any conflict-of-interest and should a potential conflict arise, we must notify clients immediately and fully explain the conflict.

Where will my assets be held?

Client assets are held with a third-party custodian. Family Dynasty Advisors uses Charles Schwab as its custodian.

What is a fee-only registered investment advisor?

Fee-only registered investment advisors have a fiduciary responsibility to act in their clients’ best interest and thus do not accept any commissions or kick-backs from sales of certain products. Fee-only advisors have fewer inherent conflicts of interest, and they generally provide more comprehensive advice.
Family Dynasty Advisors uses the fee-based model as a means of aligning our interests with those of our clients.

How do I transfer my assets to you from another advisor?

All you need to do is provide us with a copy of a current brokerage statement and answer a few questions, then the rest is taken care of for you. We will set up a new account at Charles Schwab and Schwab will contact the firm of your other advisor/broker to initiate and monitor the transfer process.