1. Do you have an investment minimum?
A: LongView has a $500,000 investment minimum. By limiting the number of clients whom we serve, we help ensure that every LongView client receives our full attention.
2. What kind of investments go into a LongView portfolio?
A: We invest exclusively in publicly traded mutual funds, ETFs and bonds. We do not invest in private partnerships, direct real estate, private equity or hedge-funds.
3. Why don’t you buy individual stocks?
A: We focus on building customized portfolios for our clients, ensuring appropriate asset allocation based on a rigorous process of research, market analysis and fund selection. Our clients benefit from the diversification, scale, access to information and top-level talent offered by our carefully-screened selection of funds.
4. Do you charge for financial planning?
A: No. Many investment advisors charge $200 per hour or more for financial planning. At LongView we view planning as an essential part of our service as your investment advisor. We will work with you to assemble your financial information, investment statements, social security, budget and spending goals. This information will then be used to create a long-term plan incorporating sophisticated computer modelling of different economic and market scenarios. The result is a roadmap that can be used and updated to make decisions for years to come.
5. How do you charge your clients?
A: LongView is a fee-only advisor. We do not earn commissions, sales fees, kickbacks or any other income from any other source. Our standard fee is 1% on assets up to $2 million. For assets above that level we implement a tiered fee structure as follows:
i. $0-$2 million 1.00%
ii. $2-$4 million 0.85%
iii. $4-$6 million 0.70%
iv. $6 million + 0.50%
6. Will I have control of my account?
A: Yes. Your account will be custodied at Charles Schwab at no charge. You will have 24-hour access to your account info via the Schwab website. In hiring LongView, you grant us limited power of attorney to transact on your behalf and to charge our management fees, but you retain ultimate control over your account.
7. Do I have any form of account insurance?
A: Yes. Charles Schwab provides SPIC insurance of up to $500,000 on every account. In addition, Schwab holds an insurance policy with Lloyds of London that covers up to an aggregate of $600 million. Clients using Schwab Bank for cash balances are covered by FDIC insurance up to $250,000 per account.
8. If I choose a sustainable/socially responsible portfolio, should I expect a lower investment return?
A. No. Sustainable investments have proven to be competitive with traditional portfolios over time. From 1990-2015 the MSCI KLD Social Index (formerly the Domini Social Index) returned 10.46% annually, and outperformed the S&P 500, which returned 9.93%.
9. Can I write checks and use a debit card on my Schwab account?
A: Yes. Schwab provides checking and debit card facilities on standard brokerage accounts.