FAQ's
What makes Garabedian Wealth Management Group unique? | Active Management: | We utilize active management in aiming for both principal protection and upside participation under all market conditions. |
| Fee-Based Services: | We are not paid to sell products, we are paid to manage wealth and control risk. We do not receive commissions for portfolio management. (Fee based portfolio management services are offered though LPL Financial). |
| Experience: | We have over 18 years of experience managing wealth in all types of market environments. |
What is the minimum investment requirement?$3,000,000 for Custom Defined Actively Managed Portfolios
How do you charge for your services? How often will I receive statements and updates? - Clients are updated monthly with hardcopy statements in addition to quarterly performance reporting. Additionally, all clients can request free online access to view their accounts.
What types of investments do you use? - Individual Equities (stocks), Mutual Funds, and ETF's / ETN's (Exchange Traded Funds / Notes) are employed as investment vehicles within our portfolios. Depending on the model's objective, a portfolio may hold one, two or a combination of all three of these vehicles.
Who is LPL Financial?LPL Financial is one of the leading financial services companies and the largest independent broker/dealer in the nation.* For more than four decades, the firm has served as an enabling partner, supporting financial advisors in their goals of protecting and growing their clients’’ wealth. A chief objective of LPL Financial is to reduce the complexity of running a financial services practice so advisors can focus on what they do best—help their clients attain their financial goals and fulfill their dreams.
With headquarters on both coasts, LPL Financial supports financial advisors in helping their clients by offering a robust mix of services and tools such as:
• Enabling technology
• Comprehensive clearing and compliance services
• Practice management programs and training
• Independent research
LPL Financial understands that providing Americans with unbiased investment advice is critical to their financial security. Because the firm has no proprietary products to sell. LPL Financial advisors can provide truly unbiased, conflict-free advice and investment recommendations.
Thousands of financial advisors nationwide rely on LPL Financial to help meet their clients’ financial needs. They do so by using the firm’s tools and resources that help them discover their clients’ priorities, dreams, and passions; analyze and develop financial plans that support every stage of their clients’ lives; and make product recommendations that put clients on the path to pursing their goals.
For more information about LPL Financial visit www.lpl.com
*As reported in Financial Planning magazine 1996-2011, based on total revenues.
What is SIPC coverage? The LPL Financial SIPC Membership provides account protection up to a maximum of $500,000 per customer, of which $250,000 may be claims for cash. An explanatory brochure is available at www.sipc.org.
Additionally, through London Insurers, LPL Financial accounts have additional securities protection to cover the net equity of customer accounts up to an overall aggregate firm limit of $575,000,000 subject to conditions and limitations.
The account protection applies when an SIPC member firm fails financially and is unable to meet obligations to securities clients, but does not protect against losses from the rise and fail in the market value of investments.
