Advisory Services
William H. Sheavly, CFP® and Karrie A. Thomas are Investment Advisor Representatives of the Sheavly Financial Group, Inc. Our clients compensate us for our independent management of their portfolios and for our expert financial advice.
We utilize TD Ameritrade Institutional as the custodian for our clients’ accounts. TD Ameritrade Institutional is a large and well-known independent custodian of investment assets. While they support us by executing our stock trades and providing support, they do not give investment recommendations nor require us to use specific product companies.
Our accounts are established on a discretionary basis. This means our senior staff has been given Limited Power of Attorney to make investment decisions for our clients without requiring prior approval. We take our discretion seriously and use significant due diligence in making investment choices on our clients’ behalf. Upon opening an account, new clients will complete a risk/return profile and participate in an extensive interview regarding their investment preferences and goals. We then complete an Investment Policy Statement that summarizes the investment parameters particular to that individual client’s portfolio.
We use both tactical and strategic asset allocation policies. The strategic policy allows us to pull assets from a variety of different asset categories such as large cap, small cap, high grade bond, etc. and the tactical management allows us to avoid categories that are out of favor or take steps to ensure the departure of our clients from certain categories when the need arises.
We use a variety of investment types to build sound portfolios including no-load mutual funds, exchange traded funds (ETFs), common and preferred stocks, bonds, and FDIC insured money market funds to name a few. We do not use exotic strategies or over-leveraged positions in the portfolios such as hedge funds, options, futures and commodities or sub-managed accounts. We also do not use limited partnerships, private placements, drilling programs, real estate partnerships, third party money managed programs, nor inverse leverage ETFs.
All portfolios are constructed and monitored in our office; we do not utilize outside money managers who do not know our clients and charge extra fees. We feel this increased fiduciary responsibility to our clients’ best interests allows us to maintain control over our client’s portfolios without reliance upon predefined systems and automatic reallocations.
Our portfolios are built methodically over a period of time. We never put all of our client holdings into the market at one time, but over a period of time in increments. We believe that regardless of your objectives, preservation of your capital is something we always keep in mind.
