Our Services & Getting Started
Schulmerich & Associates, LLC is a fee based Registered Investment Advisory Firm, specializing in Fee Asset Management and Fee for Service Financial Planning. Schulmerich & Associates is an independent firm, and our independence allows us to be sure our client's needs always come first.
Most investors hire professional investment advisors for the wrong reasons. They believe that paying for special talent at picking stocks and choosing winning mutual fund managers is the way to invest. Almost always, these investors are disappointed with the results. Appearances without substance--forecasting "talent", management activity, extensive and expensive research, assets under management, etc.--can be very costly to investors over time.
We believe our most important services to investors include our knowledge of the pitfalls of active management and benefits of indexing; our discipline in implementing and adhering to the principles of indexing; and the security and personal assistance we offer to families in the event of death, divorce, or other unexpected developments that can affect their financial well being. We are, in essence, "the firm hand on the tiller."
Our investment services include:
-Asset class analysis
-Index fund selection
-Asset allocation recommendations
-Investment Policy Statement
-Monthly & Annual reporting on secure website
-Year-end tax statements
-High quality communication and access (phone, newsletter, Web site)
-Ongoing investment research
-We also provide financial planning services through an associated Certified Financial Planner (CFP) Mr. Stephen C. Schulmerich, CFP
Things to bring to first meeting:
1. Investment accounts. Latest copies of all investment accounts. Include all retirement plan accounts, profit-sharing plans, stock options, deferred compensation, annuities, and life insurance cash values.
2. Pension information. If you will be receiving a pension from your employer, please bring any statements which show your account balance or estimated benefit, as well as plan information which tells how your retirement benefit is calculated. If you are a member of PERS, please bring in your latest year-end statement, as well as any benefit estimates you have received.
3. Tax returns. A copy of your latest tax returns (federal and state, if any).
4. Trusts. If you have any trusts, please bring in the trust documents.
5. Insurance. If you have questions about insurance coverage, please bring appropriate policies with you.
Things we will need to know to begin:
1. About how much do you spend a month? Are there any additional expenses you anticipate before retirement? Such expenses could include children's education, home purchase or remodel, travel, or purchase of new cars.
2. How much do you save a year? Include personal savings as well as your own and your employer's contributions to retirement plans, profit-sharing plans, and deferred compensation.
3. What is the amount of your mortgage payment (not including taxes or insurance)? When will the mortgage be paid off?
4. What age would you like to retire or become financially independent?
5. Would you like to work part-time in some line of work after you retire from your current position? If so, how long would you like to work and how much money do you think you would be making a year (gross income)?
6. After you retire, do you expect to spend more than you do at present? For example, you may want to spend additional money for travel.
7. Do you expect to receive an inheritance? If so, estimate the year and amount you would likely receive.
8. Based on your health and family history, what do you think is your probable life expectancy?