1) Is the firm a Registered Investment Adviser (RIA)?
A Registered Investment Adviser is registered with the Securities & Exchange Commission. RIA’s are required to act and make decisions based on what is in the best interest of their client. Beware of non-RIA firms which might be influenced to make investment decisions based on what best benefits the firm rather than the investor.
Lodestar Investment Counsel is an RIA. Our commitment to providing independent and objective investment advice is central to our firm’s operations.
2) Do you want your portfolio custom designed and managed?
Many investment firms save time and effort by offering pre-existing investment “packages” to their clients. Though such packages may produce acceptable returns, these generic products might not fully meet the varied needs and objectives of individual clients, both near and longer term.
Lodestar offers custom managed investment portfolios, based upon the unique needs of each of its clients and does not believe in “one-size-fits-all” products. Our clients deserve — and should expect — a high level of personal service in the oversight of their financial resources, and we take that responsibility very seriously.
3) Will you have a relationship with the person who directly handles your investments?
Often in large firms, one person “makes the sale” while others actually handle the investing “behind the scenes.” In smaller, more personal firms, a dedicated adviser can efficiently focus on developing and maintaining personal, one-on-one relationships with every client.
At Lodestar, an experienced Managing Director will be your direct contact and will personally manage your investments. There is no need for concern that someone with limited expertise would control your funds.