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Defining Your Objectives
Our clients are some of the smartest people we know. They usually have a clear idea of their investment goals. That's when we start asking questions. We listen carefully to the answers. For any investment strategy to work the way it should the management team must know some things the client may not have thought about.
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Risk Tolerance
Some people cannot stand to lose any money. Neither can we. But the higher the return required, the more aggressive the investment program must be. That requires taking more risk-say taking on bonds with BBB- ratings rather than staying exclusively in A-ratings. Factors that drive risk tolerance vary among people. We've found that it usually turns on such things as emotional makeup; current level of wealth; age; and future financial needs.
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Income Requirements
Your current level of income and your anticipated income needs from your fixed income securities portfolio both influence the strategies we'll create for you. We want enough money available to you when you need it. Our goal is to preserve your capital and create a predictable income stream. To that we add your other sources of income that will augment the income produced by your fixed income securities portfolio. All combine to paint an accurate picture of your income requirements. That's what we're aiming for.
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Taxes
Everyone has different tax situations. We'll take into consideration your tax-qualified and tax-deferred assets [IRA rollovers and 401(k) plans]. If you have a tax accountant we'll bring him or her into the objective creation process too.
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Total Financial Resources
Often clients have income producing assets totally separate from their bond accounts. Certainly these should figure into your overall investment objectives. It often happens that the income we thought the bond portfolio needed to generate is supplemented by other income sources. This allows us to ratchet down the risk in exchange for a little more quality in the securities in which we invest.
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Time
The maturities of the government bonds, treasurys, municipal bonds, high yield bonds and the other fixed income securities in your portfolio have a direct relation to when you will need to begin drawing the income produced. We'll include thoughts on the time needed to recover from a declining market as well as the above normal returns produced by up-markets. We'll help you identify the capital requirements that the portfolio must fund--children's and grandchildren's college tuition is the most common, but there are many others.
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Liquidity
Liquidity drives the maturity ladder we create for every investor. There must be adequate liquid assets to meet your cash requirements. This has a great deal to do with the types of bonds we'll use to populate your portfolio
We custom-design a specific investment strategy that matches your growth and income needs while staying within prescribed levels of risk. Envision Capital Management®, Inc. takes a long term approach to investing our client's money--one that secures appreciation while protecting assets from extreme market turns.
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Selecting Your Investment Advisor
We suggest everyone choose their investment manager based on:
- Experience
- Reputation
- References
Not surprising, at Envision Capital Management®, Inc. we have all three.
CEO, Marilyn Cohen, enjoys a distinguished thirty year career in the securities industry. She has an extensive background in securities analysis, brokerage firm operations and money management. Marilyn personally manages each of our client's investment portfolios. Additionally, she maintains on-going relationships with each and every one of our clients.
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How do I Know My Money is Safe?
Peace of mind is essential to every client relationship we have. Our clients have online access to their accounts 24/7 on www.Fidelity.com. We provide quarterly performance and portfolio summaries. Our clients also receive monthly statements and confirmations of each transaction from Fidelity Investments to better let them know precisely where their investments stand. Additionally, we send year end transaction details giving everything you or your accountant need for tax purposes.
We are never shy about reporting our performance. Any time you wish, you have access to your investment holdings as well as performance statistics. Most clients prefer quarterly reports; some want monthly updates. It's your money. We can meet whatever reporting requirements you wish.
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What is the Fee Schedule?
Envision Capital Management®, Inc. follows a fee schedule that is competitive with the industry. Our standard annual fee for managing an investment portfolio of bonds varies depending on the bond sector. Please call us for the current fees. We bill quarterly in advance.
Your account will be a Prime Broker account at Fidelity Investments. This gives us the flexibility to purchase and sell securities with any brokerage firm that offers the best price. In the bond market that can make a difference in your portfolio return. Fidelity Investments does charge clients a small trade away fee for this service. Since, your account is not a trading account these fees are insignificant on an annual basis
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What is Your Minimum Acount Size?
Our minimum account requirement is $500,000 in order to properly diversify. Our average account size is $1,500,000.
