The “traditional” financial services model was built around commission-based compensation, which means if the advisor doesn’t sell you something, he or she doesn’t get paid. We feel this model is fraught with the potential for conflicts of interest since an advisor will naturally have an incentive to recommend high commission products that may not be well suited for the client.
At PrairieView, all of the financial planning and investment management services we provide are included in the overall management fee. We don't sell any products to receive a commission. We are duty-bound to adhere to a Fiduciary standard. This means putting your interests first.
PrairieView assesses a fee on the investment portfolio we manage for the client that covers all of the comprehensive financial planning and investment management services we provide. Here is a breakdown of our annual fees for portfolio values:
*To sustain a highly personalized servicing model, we include a minimum fee structure which varies based on service level
We bill quarterly, in advance, meaning we collect fees for the next three-month billing period. Client accounts are billed directly. Assets excluded from the fee calculation:
“Plan First, Invest Second”
These four words mark the fundamental approach we take in advising clients. Understanding the financial concerns and priorities that each client brings to the table is paramount and, in our view, must be addressed before we can begin a discussion about investments and risk. Applying these principles to a defined process, we start from the very beginning.
Our clients come from diverse backgrounds and are at various stages of career and retirement life. We can be particularly valuable if you are going through a life transition, such as retirement, loss of a spouse, or sale of a business, because we are effective in translating new financial circumstances into sustainable, long-term financial plans and investment strategies.
While many of our clients are retired or approaching retirement with a net worth from $1 million to $20 million, we are also committed to working with younger clients who may be in the earlier stages of building their investment portfolios. Our clients want to work with a team of trusted experts so they can spend time on other priorities in their lives. We approach situation on a case-by-case basis to determine how our services can best be aligned with your needs.
True personal wealth management, as we define it, is frequently offered but rarely executed in a meaningful way. As wealth managers we take a collaborative approach to developing your financial plan. Many in our industry will make the same claim, but are they actually equipped to deliver on this promise? Every client of PrairieView is connected to a team of partners. At a comprehensive review meeting you are seated with your investment manager, your CPA, a tax and estate attorney, and a Certified Financial Planner®. These functions are not outsourced to third parties and our clients are not “assigned” to less-experienced para-planners. Because we know our clients so well, we are in an excellent position to integrate every aspect of their planning needs.
We build global portfolios designed to diversify a client’s assets broadly across major investment markets worldwide. We look for attractive investment returns wherever they can be found, provided we can invest in those markets at low cost and with controlled risk. We fundamentally believe long-term investment performance is determined primarily by the investment markets in which one participates, and to a lesser extent by the specific investment security itself. We combine these market investments in a way to reduce risk while not sacrificing the returns. To stabilize portfolios, we employ a conservative fixed income strategy utilizing bonds and cash, avoiding long-term maturities, and including only investments of very high credit quality. We primarily use “asset class” and institutional investment vehicles to represent these markets. We design a customized portfolio for each client based on her or his specific investment objectives. Each portfolio is therefore uniquely tailored to the individual’s particular circumstances.
Although PrairieView is headquartered in St. Paul, Minnesota, we have clients throughout Minnesota and in many other states across the country as well as overseas.
Thanks to technology, we’re able to make sure the experience of our out-of-the-area clients is as positive as that of our local clients. To do that, we use…
We frequently meet people who make financial decisions in a backwards fashion. They implement their investment portfolio before doing any real planning. Our process at PrairieView is to do the planning first and the investing second. For example, we won’t invest $1 of your money until we thoroughly understand your specific goals, (i.e. what’s the money for?) and the values and priorities you have put in place. We then set out to understand all the moving parts.
We feel we can add tremendous value to the financial planning of most individuals, families and small businesses. Situations presenting complexities are where we truly thrive. We are experts in managing the income tax implications that are often a part of major life transitions. Once a client, we will encourage you to contact us anytime you are faced with an important financial decision.
Major Planning Areas:
PrairieView will always give advice that's in your best interest.