You have questions.
We have answers.

What does “fee only” mean? Why is that important?

Fee-based advisors earn compensation both from client fees and from commissions on the investment, insurance, or annuity products they sell.

Fee-only financial advisors are compensated solely by the fees clients pay. These fees are typically based on a percentage of assets under management, but may also include a flat fee for creating a financial plan. Fee-only advisors never receive commissions, removing potential conflicts of interest between client goals and advisor compensation.

What does that mean for you? You can feel confident knowing that every recommendation is made with your best interests in mind, free from outside incentives. Our sole focus is helping you make decisions that support your goals and your future.

What’s the difference between an Investment Advisor and a Broker?

Brokers sell products and arrange transactions, earning their income through commissions.

Investment advisors provide ongoing services and are compensated only through fees. In addition, they are held to a fiduciary standard, which requires them to always act in the best interests of their clients. On the other hand, brokers are held to a suitability standard, which requires only that the products they recommend be considered “suitable” for a client’s situation.

What does Fiduciary Responsibility mean?

As a Registered Investment Advisor, we are committed to always acting in the best interests of our clients. Derived from the Latin words for “trust” and “faith, fiduciary responsibility represents the highest standard of care.

In practice, it means we have a legal responsibility to place our clients’ needs and goals ahead of our own. While this may sound like it should be the norm, it is unfortunately far from a standard or requirement across the financial industry.

What kind of clients do you accept?

While multi-generation family planning is our focus, we work with individuals, families and their related entities, trusts and estates, pension and profit sharing plans, charitable organizations, and corporations.

Who will I work with once I become a client?

During introductory meetings with Firestone Capital, clients meet directly with the firm’s principals and investment advisors. While you may naturally connect more with one team member than another, every professional at Firestone Capital stays well informed about client matters and is available to help whenever needed. It’s our goal for you to feel comfortable working with the advisor of your choice, while knowing the full team is always there for support.

How regularly will you be reviewing my portfolio? How often will we meet?

All portfolios are all reviewed on a quarterly basis at a minimum, but often more frequently. Depending on your needs and general market fluctuations, portfolios are often reviewed and rebalanced on an interim basis. Ideally, we like to speak with clients quarterly and meet in person at least once a year, but ultimately that decision is up to you. We are always available for you to call or email.

Will you have discretionary authority over my accounts? Will you contact me prior to making any trades?

We work with discretionary authority, meaning we will receive written permission from you for us to make changes in your investment holdings on your behalf. However, we will always make our best effort to contact you prior to making any changes to your portfolio, as we believe strongly in involving clients in the investment decision-making process.

If I have a 401K account or other accounts with third parties, can you incorporate them in my plan and allocation?

Absolutely. More and more, clients look to us for a complete view of their wealth and financial assets. We highly recommend providing timely records of all your investable assets so we can plan accurately and allocate your portfolio appropriately.

Do you invest in hedge funds or other liquid assets?

No. We do not invest directly or indirectly in any hedge funds. We only invest in securities that provide daily liquidity such as stocks, bonds, ETFs, and mutual funds.

Many of the investment strategies once available only through hedge funds are now accessible through mutual funds. The benefits to using mutual funds include lower costs, heightened transparency, and the ability to sell on any trading day.

Will I be placed into a model portfolio?

No. Firestone Capital does not use model portfolios. We believe your portfolio should fit your life, not a template. Because every client has unique circumstances, needs, and goals, we create individualized portfolios tailored specifically for you.

Do you have a minimum account size?

Our stated minimum is $1,000,000, but we reserve the right to use our discretion to accommodate our clients’ family members, as well as individuals in the process of acquiring wealth.

Where will Firestone Capital hold my assets?

We do not hold client assets, also known as “taking custody.” The vast majority of our clients’ assets are held at Charles Schwab & Co., one of the strongest financial institutions in the country.

Are you affiliated with any banks or broker dealers?

No. Firestone Capital is an independent, privately owned, Registered Investment Advisor.

Do you have in-house accountants, attorneys, or insurance specialists?

While we don’t employ CPAs, lawyers, or insurance agents, we regularly collaborate with professionals who already work with our clients. When needed, we are also happy to provide referrals.

What’s my next step if I want to explore a relationship with Firestone?

Please feel free to contact us at any time. All of our contact details, along with a direct email form, can be found under the “Contact Us” tab.
We look forward to working with you.

Privacy Policy

Under federal law, you have a right to know what information we collect about you and how that information will be used. This privacy policy describes our handling of information that we have in our records that is both personal and private to you. We consider your privacy to be a top priority.

What personal information do we collect?
We collect personal information during meetings and interviews, and on applications and forms, including your social security number, date of birth, contact information, financial information, and account details as needed.

What personal information do we disclose to others?
We use your personal information to open your accounts, to help you quantify your financial goals, to monitor your investments, to rebalance your accounts, and to provide you with superior client services. Except as required by law, we do not disclose any nonpublic personal information about our clients to anyone.

The information we collect must be provided to companies such as Charles Schwab and other custodians that perform support and trading services on your behalf, as necessary, to effect, administer, or process transactions, or for maintaining and servicing your account. We dedicate ourselves to protect the security and confidentiality of the personal information we collect.

We do not give or sell information about you or your accounts to any other company, organization, individual, or group. If we change this policy, we will give you the ability and opportunity to opt out, thus not permitting any information to be disclosed without your consent.

How do we protect your personal information?
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide services to you and your accounts. Furthermore, we maintain physical, electronic, and procedural safeguards to protect your nonpublic, personal information.

What is the purpose of this notice?
This form is meant to notify you of our privacy policy and how we maintain and secure your nonpublic personal information. Our privacy policy applies to all current and former clients of Firestone Capital Management, Inc. If you have any questions concerning this notice please feel free to contact us.

Our relationship with you is our most important asset. We understand and respect that you have entrusted us with your private financial information, and we do everything to honor that trust.

You have questions. We have answers.