FREQUENTLY ASKED QUESTIONS
As you consider your financial planning options, you are bound to have questions. Here is a sampling of the frequently asked questions we receive at Sterling Retirement Resources.
We’re your partner. Count on us to be with you every step of the way and to create clarity on where you are and where you’re headed. We’re readily available to respond to your questions and concerns – in terms you’ll understand.
To ensure that we are able to provide the highest level of advice, counsel, and service to our clients, our compensation is fee-based and is not based on commissions or transaction fees. This allows us to always put your interests first. The fees can be paid in two ways:
- Project-based consultation fees for the advice we provide.
- Advisory fees represented as a percentage of the assets under care (also known as assets under management).
During the discovery phase, we will work with you to determine which works best for you and your goals. All of the fees we receive are fully transparent and reported to you on an ongoing basis.
A lot can happen in a lifetime. It’s important to have a partner to assist with transitions and keep up on the ever-changing markets. You have enough to worry about. Let our financial planners help you stay on track.
During your discovery phase, we will review your assets and income. From there, we will identify whether or not it will be mutually beneficial for you to engage in our services. Click here to schedule a consultation with a financial planner.
Your accounts will be managed according to the principles of asset allocation. The purpose of asset allocation is to optimize the risk/reward ratio of your portfolio by investing among several asset classes. The performance of your account is gauged from your portfolio as a whole, rather than from individual holdings. Asset allocation, which is driven by complex, mathematical models, should not be confused with the much simpler concept of diversification.
The investment proposal developed is intended to reflect a long-term approach, potentially lasting until goals are achieved. However, your financial situation and goals may change, producing a need to reconsider this plan. At the same time, financial markets are unpredictable in the short-term, producing temptation to deviate from a solid long-term plan. The goal of setting a portfolio management agenda is to create flexibility for revising a strategy when needed, while providing structure to discourage overreaction to normal short-term market events. All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.
This discovery meeting is our opportunity to get to know you. No pressure; simply a conversation about you and your goals. Bring any questions you have, as we want to address those first. You can also bring a list of your assets and income and your financial statements or a tax return so we can better understand you financially.
Yes. While a majority of our clients are located in Minnesota, we have relationships and are licensed throughout the country.
If you have a question that wasn’t answered here, please feel free to reach out to us and ask. We are more than happy to make the decision-making process easier for you.