How is Sidoxia different from your typical stock broker?
As a Registered Investment Advisor (RIA), Sidoxia has a strict legal fiduciary duty to serve the client’s best interest and disclose all conflicts of interest. A typical stock broker is required to do neither. Under the Investment Advisor Act of 1940, RIAs must meet these responsibilities or face a fiduciary breach lawsuit in a court of law. Sidoxia’s fee structure aligns our incentives with the client – as client assets appreciate or depreciate, Sidoxia benefits or suffers directly proportionally. Unlike a broker, Sidoxia has no products to sell. Sidoxia receives no commissions, loads, or referral fees; so you can rest assured that we are working for you, rather than churning out commissions to meet sales quotas established by brokerage firm employers.
Broker conflicts manifest themselves in various ways. For example, brokers are not required to obtain “best execution” pricing for client trades, and are allowed to engage clients with such conflicts-of-interest as selling a similarly-suitable fund that has higher expenses but provides the broker with additional commissions or satisfies sales production requirements. Opponents note that under NASD regulation requirements, brokers do not always have to fully (or at least clearly) disclose some of these potential conflicts of interest, since from a regulatory structure they are viewed as “order takers” that simply place trades as clients request.
At Sidoxia we stand by the combination of our credentials and work experience, that we believe is unrivaled. Ultimately, our clients need to choose an advisor with whom that they can entrust their financial livelihoods. Adding value to meet your broad life objectives and goals is our driving ambition. In a world of complex financial problems, Sidoxia’s integrated breadth of solutions endeavors to bring simplicity to all aspects of your financial plan via a disciplined investment process, competitive fees, and a tax efficient focus.
What fees are charged for Sidoxia's services?
As a fee-only investment advisor, our firm’s incentives align seamlessly with our clients’ goals. When our clients succeed, Sidoxia succeeds. Unlike countless brokerage firms, banks, or insurance companies, Sidoxia has no products to sell. Since Sidoxia charges investment management fees as a percentage of client assets under management, Sidoxia’s financial effectiveness is closely tied to the growth of our clients’ assets. Investment advisory fees are paid from investment accounts after each calendar quarter based upon our fee schedule that ranges from 0.75% of assets under management (AUM) to 1.25% of AUM. Financial Planning services are included for investment clients, and billed hourly for clients who choose not to open accounts with Sidoxia.
I don't live in Southern California, is that a problem?
Not at all. With the continued improvements in technology, communications, and document delivery we increasingly find video and teleconference calls serve as excellent communication tools. Depending on the distance, Sidoxia will make its best effort to schedule in-person meetings.
Who will work with me?
You will work directly with Wade W. Slome, CFA, CFP®- a former professional money manager of a multi-billion dollar mutual fund with more than 15 years in the financial services industry. Mr. Slome will coordinate all aspects of your financial plan among the financial professionals needed to meet your goals and objectives. Unlike other advisors, our top priority is to provide premier service while not handing off critical duties to junior or inexperienced advisors.
What steps are required to move my accounts from my current advisor to Sidoxia?
We take care of all account transfer paperwork for you, to ease any transitional burden.
Will client information be kept confidential?
We keep all client information strictly confidential. We have a written privacy statement outlining our commitment to confidentiality that is distributed to our clients.