Most frequent questions and answers
Yes. As a Registered Investment Advisor*, Carmichael Hill has a fiduciary responsibility for our clients’ assets that we manage. That means that we are bound by law to act in our clients’ interest and not our own. Stockbrokers and insurance agents are not fiduciaries unless they are also registered investment advisors and acting in an advisory capacity. A non-fiduciary advisor does not work under this obligation.
*Registration does not imply that the SEC has endorsed or approved the qualifications of Carmichael Hill or its respective representatives to provide any advisory services.
Yes. As a Registered Investment Advisor, Carmichael Hill must comply with SEC regulations and is audited periodically by the SEC. Registration does not imply that the SEC has endorsed or approved the qualifications of Carmichael Hill or its respective representatives to provide any advisory services.
No. We are a fee-only Investment Advisor with a fiduciary duty to our clients. We do not sell any financial products including insurance or annuities.
Most of our client portfolios range from a hundred thousand to several million dollars. Some of our clients are family groups, including grandchildren. We are pleased that as families grow and change, we continue to work with a variety of ages and wealth levels.
We select among individual stocks, mutual funds, exchange traded funds (ETFs), closed end funds (CEFS), corporate bonds, municipal bonds, and preferred stocks to develop a portfolio suitable to a client’s circumstances. All securities are publicly traded.
We start with a brief 10-15 minute call to make sure that we’re in a position to help. If we’re well suited for what you need, we’ll schedule a no cost/no obligation meeting drill down further and find common ground. We’ll sign an engagement agreement specifying the scope of work to be completed and associated fees following the meeting if you decide to move forward with us.
If you decide we’re not a good fit, or if we’re not in a position to provide what you need, we’ll happily provide you with a few other names to check out as you search for a planner that works well for you.
Yes! We provide a customized and fully written plan for any client that engages us for retirement or financial planning.
We use Charles Schwab as the full service custodian for our client accounts.