Do I really need a financial advisor?

The answer is maybe. Consider the uncertainties of retirement or the technical challenges of a significant financial transaction. Perhaps you’re not sure about the practicality of your plans or are in need of ongoing counsel. Professional financial advisors are best used in these types of situations and can offer a wealth of insight, contribute significant technical knowledge, and add substantial value. You have an advantage with our firm because you are able to assess our value before engaging our services. In other words, you make the decision, not us.

What are Miller Wealth Management’s fees?

As fee-based financial advisors, we charge fees based on your particular situation. We may charge a flat fee for planning, a tiered percentage fee for investment management, and in some cases, an hourly fee. Our client’s benefit from knowing our fees before they engage our services. This enables them to make an educated decision as to the value we provide. Most all of our first meetings are complimentary. This provides both you and us the opportunity to see if our firm is right for you and if you are right for our firm. What could be fairer?

How does Miller Wealth Management maintain custody of my assets?

We do not maintain physical custody of your assets at any time. We can work with most asset custodians you select. However, if you engage our services for investment management, we suggest using our custodian. Our custodian is in the business of serving Registered Investment Advisors only so they understand our needs and our client’s needs best.

What types of investments does Miller Wealth Management recommend?

We are not in the business of financial malpractice, so the answer depends on your and your particular situation. We take the time to understand your needs, life factors, values, goal time horizon, risk tolerance, performance expectations and asset class preferences, to name a few, before we make recommendations. Further, most situations require an investment policy statement. This document provides the framework for our investment recommendations and subsequent management.

What is your approach to portfolio construction and ongoing management?

You won’t see our methodology featured on business shows or other mediums because it isn’t exciting. If excitement and high risk is what you’re after, we are not for you. We believe in proper asset allocation is the cornerstone to successful navigation of the financial markets. A properly diversified portfolio should always have components going up and some components going down, no matter how “good” or “bad” the market is. We truly practice buying low and selling high. Diversification means blending together a mix of assets that react differently to current events affecting the market.

Why do you invest in foreign companies?

Tying in to the last two questions, foreign stocks can help to obtain the right kind of diversification and take advantage of the current position of the stock market and economic cycles. Some foreign countries will do very well when the U.S. is at the beginning of the economic cycle and some countries will do better when the U.S. is at the end of an economic cycle. In these situations these countries are reacting to U.S. demand for goods and services. There are also some countries that have very low correlations to U.S. markets and add an excellent element of diversity.

Are your fees deductible?

IRS Code Section 212 states that investment advisory and financial planning fees incurred may be deductible as miscellaneous itemized expenses to the extent that they exceed 2% of your adjusted gross income. Other miscellaneous itemized deductions which fall into the same category are fees paid for a safe deposit box, estate planning fees, tax preparation fees, attorney and legal fees, and more. So the short answer is fees paid for wealth advisory services may be deductible. We are not in the business of offering legal or tax advice so we encourage our clients to consult their accountant or CPA about the deductibility of fees.

Do you guarantee returns?

No. We absolutely do not guarantee returns. Financial and investment planning is more of an art than it is a science, and we cannot predict the future nor guarantee returns.

What is the benefit to hiring Miller Wealth Management instead of a hundred, even thousand employee financial organization?

We see this as a major benefit to our clients. First, let me address the issue of accountability. We are directly accountable to each client. You don’t have to talk with ten different departments or people before you reach speak to us. We don't have any proprietary product to push or in-house methodology that has to be used. We have the luxury of using best tools currently available and the flexibility and efficiency that a lean organization allows to benefit you.

Which organization oversees and regulates your firm?

Miller Wealth Management, LLC is a Registered Investment Advisor Firm regulated by the Utah Division of Securities. To verify the firm’s status as a Registered Investment Advisor Firm, you may follow this link to the Securities and Exchange Commission’s Website here.