- Who are your Clients?
- What is your Investment Philosophy?
- Do you provide Retirement Planning services?
- Do you provide Estate Planning services?
- Do you handle all my insurance needs?
- Why use an Independent Financial Adviser?
- Will client information be kept confidential?
- How do you price your financial planning services and advice?
- Are your fees tax deductible?
- What do I need to bring for the first meeting?
- Is there a cost for the first meeting?
- What is your ongoing service policy?
- Do you accept referrals?
- Do I need a certain amount of income and/or assets to work with you?
- Why should I choose to work with Westside Investment Management?
Our clients are busy people who want to simplify their lives. They recognize the value of their time - and of good advice. They prefer to spend their time enjoying life and focusing on their families and careers, rather than trying to sort through the increasingly difficult world of personal finance.
Most of our clients are business owners, corporate executives, financially comfortable retirees and successful families who have accumulated significant assets. They are conservative-to-moderate risk takers, who are more concerned about preserving their assets and achieving their life goals than seeking higher risk investments.
We are committed to helping our clients simplify their lives and work toward the achievement of their financial goals.
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2. What is your Investment Philosophy?
Our investment philosophy has evolved over many years of experience. It is based on helping to reduce risk while working toward attaining a potential rate of return sufficient to meet client goals. Time, patience and a strict discipline are the cornerstones of our success. We provide access to individually managed portfolios tailored to help meet our clients' needs. We develop an investment plan which strives to meet each client's long-term objectives, resources and risk tolerance.
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3. Do you provide Retirement Planning services?
Yes. We provide retirement planning services that can help work toward ensuring a long, happy and financially independent retirement. Prudent retirement planning can help protect decades of hard work and the careful accumulation of wealth from the inevitable impact of taxes and inflation.
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4. Do you provide Estate Planning services?
Yes. Unfortunately, without careful planning, many estates may be subject to extremely high levels of taxation. Beneficiaries might be forced to sell the family business, real estate or investments at an inopportune time - and at a steep discount in order to pay estate taxes. Other problems might include unintended beneficiaries or heirs who are challenged by an untimely or youthful inheritance. We work in close cooperation with our clients' existing advisory team and/or a network of highly experienced professionals to help protect our clients' legacies and assist them in meeting their objectives.
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5. Do you handle all my insurance needs?
Yes, We review and analyze all your insurance needs relating to Life Insurance, Long Term Care and Disability. We make sure you have the right type and amount for your needs and place those through the appropriate company. We provide general advice and direction on health, company benefits and property casualty. However, we do not personally sell health or property casualty insurance. We can provide referrals and information on how to set these services up.
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6. Why use an Independent Financial Adviser?Westside Investment Management is a boutique investment management firm with highly skilled and experienced professionals. Unlike some large national brokerage or financial planning firms, we are not tied to specific investment products. That means you get to choose the options that make the most sense for your goals and objectives.
We work with many different investment companies and asset managers, so we can suggest the products that are right for you. Through Westside Investment Management, you have access to thousands of investments. Rather than being tied to specific investments, our team strives to do what is best for you – creating a personalized investment strategy that helps meet your goals, your time frames, and your tolerance for risk.
Securities, advisory and financial planning are offered through LPL Financial a Registered Investment Adviser, member FINRA/SIPC.
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7. Will client information be kept confidential?
We keep all client information strictly confidential. We will provide you with our written privacy policy statement annually, and anytime at your request, outlining our commitment to confidentiality.
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8. How do you price your financial planning services and advice?
Fees for Financial Planning are based on the actual time involved in meeting with you in person or over the phone, researching and analyzing your current situation, and providing specific recommendations and implementation assistance (if appropriate). Fee estimates are based on a rate of $250 per hour. Fees for ongoing Portfolio Management are based on a percentage of assets under management.
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9. Are your fees tax deductible?
Typically Yes. The Internal Revenue Code permits an itemized deduction for tax and/or investment advice in the miscellaneous section of Schedule A. It is subject to a 2% floor of the adjusted gross income on a personal tax return. Please consult your tax adviser for further information.
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10. What do I need to bring for the first meeting?
We have a short questionnaire (2 pages) and checklist that we ask people to fill out before they meet with us the first time. This gives us a useful overview of your financial circumstances and what you are looking for so we can provide greater value in our initial meeting. In the questionnaire there is a list of important documents to bring with you as well.
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11. Is there a cost for the first meeting?
As a general rule, no. We use this first meeting to determine whether or not we can effectively be of service to you, as well as to allow you to evaluate our firm. In other words, it's a time for us to get to know one another. As long as that is the main purpose, there is no charge for the meeting.
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12. What is your ongoing service policy?
We have regular communications with clients ongoing throughout the year. A comprehensive review and update of all financial planning issues typically happens twice per year but no less often than once per year. Clients know that they can call or email any time on any issue to get immediate attention to their request. In addition, we will be in contact via phone or e-mail throughout the year as different issues arise.
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13. Do you accept referrals?
Yes. Most of our clients are referred to us by another one of our clients or by a trusted professional adviser. This is the greatest compliment we could ever receive. We are never too busy to speak with the friends and family referred to us by our clients and professional associates.
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14. Do I need a certain amount of income and/or assets to work with you?
We have no specific minimum income requirements. Our system works best, though, for people who have at least $1,000,000 of investable assets. This amount includes investment accounts, pension plans, IRAs, living trust accounts, and other investment assets.
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15. Why should I choose to work with Westside Investment Management?
Never before have there been so many opportunities for achieving your financial objectives and so many obstacles to overcome. In today's fast-paced world, time is a scarce commodity. It's the partners' individual specialties, professional alliances, information resources, and detailed analysis, which give Westside Investment Management the professional advantage when choosing the right financial counselors for your immediate and future needs. Teamwork and synergy are the hallmarks of Westside Investment Management.
All of the resources, technology and financial experience of Westside Investment Management are focused on adding value to their client relationships. Their team approach to financial consulting is designed to maximize the value that they bring to each client. The group seeks to provide responsive service at all stages of the initial planning process and throughout the relationship. The staff plays a large role in the client service process. The partners are committed to providing the client with the highest level of professionalism as they work toward helping you achieve your financial objectives.
This commitment and the scope of the group's practice has led Westside Investment Management to establish relationships with leading law firms and accounting firms in the greater Los Angeles area and throughout the US. These relationships give the group access to sophisticated professionals who specialize in tax and estate planning. Westside Investment Management also encourages its partners in their commitments to social, political and philanthropic causes. The firm believes that involvement in such activities enhances the effectiveness of its partners and strengthens the community.
To learn how the strategies and services of Westside Investment Management may be beneficial to your financial objectives, simply call our office and arrange a complimentary one hour consultation with one of our Senior Financial Consultants. If you decide to take advantage of the complimentary consultation, please feel free to invite any or all of your other trusted advisors.
If you would like to learn more, call our office at (310) 315-9400, and ask for Vetea Ribet to set up a meeting. We look forward to talking to you.
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