Our advice is based on the individual needs and objectives of each client.
As your advisor, we work for you. We are an independent-minded team with the freedom to give counsel with your best interests in mind. Our size and network within the investment industry help us access a broad range of investment solutions.
Fee Only, Objective Advice
Fairport is a fee-only investment advisory team. We are fiduciaries, not brokers. We do not receive investment banking fees or commissions from trading clients’ investments. We have ownership in our business and we work for you. Because we are not constrained by certain products or managers, we can actively pursue the best strategy that is individually designed for you.
We have worked with the high net worth community since we were founded. Our professional advisors include CPAs, CFP® certificants and CFA charterholders who have experience in helping executives, business owners and other affluent individuals reach their life goals, with specific offerings for women and those in transition. Fairport has the capability to interface with other professionals on the client’s behalf to deliver an integrated, focused experience.
Benefits of Investment Advisory Teams
Advice is based on you.
Whether it’s your retirement planning, tax situation, estate planning or managing assets in multiple places, it is fundamentally important that your advisor truly understands you, your goals and your situation. Many advisory teams pride themselves on strong personal interactions and dedication to each client’s individual needs. They believe that their independence is key to offering investment advice based on what is truly in the best interest of their clients.
You understand exactly what you’re paying for.
Advisory teams typically charge a fee based on a percentage of total assets managed. This fee structure has many advantages. It’s simple and easy to understand, helping to avoid surprises. It also gives your advisor an incentive to grow your assets. When you succeed, your advisor succeeds.
You get comprehensive advice for your complex needs.
Many advisory teams provide services that address a variety of complex investment needs that often arise when you accumulate significant wealth, such as assisting you with the sale of a business, complicated tax situations, trusts and intergenerational issues. Some advisors are more knowledgeable in certain investment strategies. Others can assist you with comprehensive services, such as estate planning or borrowing. Given the rich diversity of specialization throughout the industry, no matter how complex your individual needs, you will likely find an investment advisor who can provide advice that’s right for you.
You enjoy a different kind of relationship experience.
The goal of an advisory team is to help find solutions that are closely aligned with client needs and objectives and many teams enjoy deep, personal relationships with their clients. This often takes regular, ongoing interactions and a long-term engagement. And because many advisory teams are entrepreneurial business owners, the buck stops with them, so to speak. As a result, the advisors tend to have a real sense of personal accountability to their clients.
You know where your money is held.
Advisory teams typically use institutional custodians—generally large brokerage firms or banks—to hold and safeguard their clients’ stocks, mutual funds and other assets. These custodians also provide important infrastructure services such as executing trades and the preparation of monthly brokerage statements for clients. This helps an advisory team focus on understanding your needs and providing the best advice possible.