Q: Are your advisors fiduciaries?

A: Yes, our advisors follow a fiduciary standard for clients within advisory fee based relationships. The fiduciary standard is a set of ethical and legal standards that require us to act in the best interest of clients throughout the financial planning engagement.

Q: Is there a fee for an initial meeting?

A: No, there is no fee for the initial meeting or any meeting prior to you becoming a client. Our goal is to learn about you and your financial goals. We want to ensure all questions are answered and that working together is a good fit for everyone.

Q: Do you have an account minimum?

A: Rather than implementing account minimum requirements, our priority is working with clients that we align with in terms of mindset. Clients who gain the most from our services are open to sharing, receiving advice, and sticking to a plan.

Q: What makes Lake Edge Wealth Advisors different from other financial firms?

A: We take a holistic approach to financial planning, going beyond the numbers to explore strategy and purpose. Our goal is to understand what you value to ensure we’re truly acting in your best interest. We serve our clients the same way we would serve our immediate family.

Q: If I live in another state, can I still become a client?

A: Absolutely! We serve clients in 32 states across the country. Technology allows us to stay connected if we’re not able to meet in person.

Q: When should my children or grandchildren start working with you?

A: When they’re ready to start looking at their comprehensive financial plan and saving for retirement. Our team is ready to serve clients in all stages of life.

Q: Does Lake Edge Wealth Advisors hold my money?

A: No, Lake Edge Wealth Advisors does not hold custody of client assets. Raymond James Financial Services is our custodian and Broker Dealer.

Q: Does Lake Edge Wealth Advisors have an investment committee?

A: Yes, our investment committee does a full analysis of the current investment environment semi-annually, and throughout the year as needed, to determine if any changes need to be made to our investment strategies. 

Q: What can I expect if I decide to work with Lake Edge Wealth Advisors?

A: As a client of Lake Edge Wealth Advisors, you can expect to have guidance through every major transition in your life and all the times in between. For clients within advisory fee based relationships, we will meet at a minimum annually for review meetings which can take place in person, virtually, or by phone. Should you have questions or experience life events, we are always available for additional meetings throughout the year. In addition to meetings, we offer a quarterly newsletter, a weekly market commentary email, annual educational and social events, and webinars.

We primarily offer fee-based advisory services charging a flat fee based on a client's total assets under advisement. However, if deemed appropriate and in our client's best interest, we also provide commissioned brokerage services. Though our financial advisor provides clients with great care and recommendations, advisors only have a legal fiduciary obligation to advisory clients.
In a fee-based account, clients pay a quarterly fee, based on the level of assets in the account, for the services of a financial advisor as part of an advisory relationship. In deciding to pay a fee rather than commissions, clients should understand that the fee may be higher than a commission alternative during periods of lower trading. Advisory fees are in addition to the internal expenses charged by mutual funds and other investment company securities. To the extent that clients intend to hold these securities, the internal expenses should be included when evaluating the costs of a fee-based account. Clients should periodically re-evaluate whether the use of an asset-based fee continues to be appropriate in servicing their needs. A list of additional considerations, as well as the fee schedule, is available in the firm's Form ADV Part 2 as well as the client agreement.
Be sure to consider all of your available options and the applicable fees and features for reach option before moving your retirement assets. For additional information and what is suitable for your particular situation, please consult us.

Investing involves risk and you may incur a profit or loss regardless of strategy selected.