About Calabash Asset Management LLC
After inflation, taxes and fees, what is a reasonable estimated return on my portfolio over the long term?
Over the long term, it is reasonable to believe that your return could be 3% to 4% annually.
Could my net costs be higher than what we’ve agreed on?
Your costs will never be higher that 1.5% of assets plus a flat fee of $150.00
in some cases an adviser’s stated fee may be, say, 1% of assets a year. But the net cost to a client could end up being significantly higher. This will neer be the case with this financial adviser.
Some of the financial products that end up in a client’s portfolio have high embedded fees and complex terms. Some active mutual funds have one-time fees people might pay when they buy or sell the funds. Both active funds and ETFs also have expense ratios, the annual percentage of the assets they charge shareholders for management and administrative expenses. These average from around 0.5 percentage point annually for ETFs to 1 percentage point or more for active funds.
Do you believe you can beat the market?
We aim to deliver sustained, enviable returns to our clients on a year over year basis regardless of market conditions. We aim to deliver the best possible returns year over year to our clients.
Do you earn fees as adviser to a private fund or other investments that you may recommend to clients?
No – we do not earn fees as adviser to a private fund or other investments that you may recommend to clients?
Do you earn fees for referring clients to specialists like estate attorneys or insurance agents?
No – we do not earn fees for referring clients to specialists like estate attorneys or insurance agents
Do you focus solely on investment management, or do you also advise on taxes, estates and retirement, budgeting and debt management, and insurance?
Yes – we focus primarily on investment management. We do not advise on taxes, estates and insurance.
Do you participate in any sales contests or award programs creating incentives to favor particular vendors?
No – we do not participate in any sales contests or awards programs creating incentives to favor particular vendors
Do you pay referral fees to generate new clients?
No – we do not pay for referral fees to generate new clients
Does anybody else ever pay you to advise me and, if so, do you earn more to recommend certain products or services?
No – we do not earn any additional monies or commissions to recommend other product
How do you report investment performance?
We report after all expenses, compared to an average of highly similar assets that includes dividends or interest income, over the short and long term
How often do you trade?
Our focus is always to deliver the best possible returns for our clients. We trade as seldom as possible, to achieve that goal.
What services am I actually getting for my money?
Answer: When people turn their assets over to an adviser for ongoing money management, they may assume their fees cover a certain bundle of services. For instance, they may expect the adviser not just to make investments but also give guidance on taxes or help them analyze insurance coverage. We do not give guidance on taxes and/or analyze insurance
Which professional credentials do you have, and what are their requirements?
We are registered investments advisers in Maryland -which means we had to sit and pass the Series 65 exam in Maryland. While we are not CFA [Chartered Financial Analyst], or CPA [Certified Public Accountant], we have decades of experience following the market, gathering data for our evidence based approach to investing
Who manages your money?
We do, and we invest in the same assets we recommend to our clients
Will you consider charging by the hour or retainer instead of an annual fee based on my assets?
No – based on the type of service that we provide (investment management) – it would be impractical to charge by the hour
Will you itemize all your fees and expenses in writing?
Yes – we will itemize all our fees and expenses in writing. We also have our fees outlined in our brochure form ADV