What to Expect (FAQ)

Who holds my assets?

SEM Wealth Management does not have possession of your assets. All assets are held at a professional custodian. Checks for deposit should be made payable to your qualified custodian, not SEM.

 

What type of accounts are available?

  • Individual

  • IRA / Roth / SEP / SIMPLE

  • Joint

  • 403(b) & 401(k) rollovers

  • Trust/Executorships

  • Profit Sharing/Money Purchase

  • UGMA/UTMA

  • Variable Annuities

 

What is the minimum investment with SEM?

The minimum to invest with SEM is $25,000 per account, $50,000 per family. There are exceptions and other options available. Please contact us for details.

 

What reports do investors receive?

The custodian will provide timely account summaries at least quarterly. SEM will provide a quarterly report.

 

What control does SEM have over my account?

SEM has discretion to direct exchanges between investment options within your account. Advisory fees are directly deducted from your accounts. Except for fees, SEM cannot withdraw money from your account.

 

Who makes exchanges and will I be notified prior to the transaction?

SEM will direct the exchanges between investment options without prior notification. This information is detailed in the management agreement and SEM's ADV part II.

 

What are SEM's investment management fees?

Fees are calculated at the end of each calendar quarter and collected in arrears. Annual fees are based on a percentage of assets under management. Household assets are totaled and charged the fee for the respective account based on that total amount.

 

What other fees to clients pay?

Our Trust Company of America (TCA) clients pay a fee to TCA for providing custodial services based only on certain "eligible" assets held in their account investment in one of our four managed programs. The fee rate of 0.14% (14 basis points) is NOT charged on assets held in cash or No Transaction Fee mutual funds. This fee is charged on eligible assets.  Some examples of eligible assets are Transaction Fee mutual funds, ETF (exchange traded funds) and stocks. Typically SEM uses a combination of No Transaction Fee and Transaction Fee mutual funds. This typically results in our clients paying this fee on less than 100% of the assets in their account. For example, if we held 50% of our assets in each of these two fund classifications, the fee would be one half or 0.075% (7.5 basis points). During the past two years the total fee level has been closer to 0.07% (7 basis points).

SEM feels our fee schedule negotiated with Trust Company of America is a favorable one as our clients do not pay transaction fees. This fits well with our active management style. Unlike most other custodians, our clients also do not pay an annual fee for each account they hold at TCA. There are also no annual IRA fees charges.

 

Think the fees are too high?

We often hear from prospective clients that our fees are too high. Too surveys from Vanguard & Russell discuss the value advisors bring to the relationship. Click here for the details.

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This site is for INFORMATIONAL PURPOSES ONLY.  Investing in the stock or bond markets involves risk and may not be suitable for all investors. Before making any investment decisions you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists you could sustain a loss of some or all of your initial investment and therefore you should not invest money you cannot afford to lose. You should be aware of all the risks associated with your investments and seek advice from an independent financial advisor if you have any doubts. All investments involve risk including those managed by SEM Wealth Management (SEM).

 

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For additional information on the author and SEM, please see our DISCLOSURE DOCUMENT (ADV Part 2)

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Our client's privacy is important to us.  Under federal law all clients have a right to know what information is being collected about them and how that information will be used.  SEM’s goal is to protect their privacy.  To conduct regular business, we may collect nonpublic personal information from sources such as:

    • Information reported by clients or their advisors on applications or other forms provided to us by them

    • Information about transactions with us, our affiliates, or others

However, SEM does not share or disclose any nonpublic personal information about its current or former customers, except as permitted by law.  All information will remain confidential.

 

Information Safeguarding
SEM will internally safeguard all nonpublic personal information by restricting access to only those employees who provide products or services to you or those who need access to client information to service your account.  In addition, we will maintain physical, electronic and procedural safeguards that meet federal and/or state guidelines to guard any nonpublic personal information.

This policy is provided in accordance with Title V of the Gramm-Leach-Bliley Act and Regulation S-P.