We provide discretionary, fee-only asset management services for clients with a minimum account size of $200,000. Each account is managed individually according to the client's goals, needs, risk tolerance, time horizon, and overall asset holdings. Clients range from those who are conservative and income oriented to those who are aggressive and growth oriented. While a client may fall into a conservative, moderate or aggressive range of investment style, each portfolio is designed and fine tuned based upon the account owner's investment profile.
Accounts are invested using primarily no-load mutual funds, individual stocks, bonds, and cash equivalents. Following development of our economic and investment outlook for a particular period, mutual funds are chosen based on fundamental research including investment style, company size, track record, consistency of style, risk measurements relating to volatility and standard deviation of funds, and contributions to a diversified portfolio. Fund portfolio holdings are discussed directly with the portfolio managers to assess the intent and investment stance of the fund. Portfolios are diversified relative to the U.S. and international stock markets as well as to fixed income instruments, both domestic and foreign.
Fees are as follows: 1.0% for the first $750,000; 0.75% for the next $1,250,000; 0.5% for all funds over $2,000,000. For billing purposes, related accounts are treated as one.
Financial planning services are provided for asset management clients relative to, but not limited to, the following: retirement capital needs, life and disability insurance needs, educational funding, sales and purchases of professional practices, estate planning, and life transitions such as divorce, widowhood, or inheritance. MC Taylor Associates provides these services on a fee-only basis; we receive no commissions from clients or other financial institutions, so clients receive objective advice.
Hourly rates are as follows: $175 - $225 for professional time. Financial planning services are provided at no additional cost to clients with $500,000 or more invested.
1. Establish Client Profie
- Client Educational Interview
- Determination of Financial Goals
- Description of Risk Profile
- Identification of Time Horizon
- Examination of Tax Status
- Determination of Income Needs
- Assessment of Overall Assets
2. Portfolio Design
- Determine Appropriate Risk Level for Portfolio
- Allocate Portfolio Among Asset Classes
- Select Appropriate Investments to Obtain Highest Return Within Risk Tolerance Level
3. Monitoring Portfolios
- Continuous Updating of Economic and Investment Outlook
- Monitoring Investments for Appropriateness of Investment Style and Performance.
- Comparison of Portfolio Results to Industry Investment Benchmarks
- Adjustment of Portfolios to Reflect Changes in Business and Economic Cycles
4. Reporting To Clients
- Monthly Statements from Account Custodians
- Quarterly Expanded Statements
- Quarterly Performance Reports
- Tax Planning and Preparation Input
- Annual Comprehensive Summary
- Semi-annual Meetings with Clients
- Annual Reports for Accountants and Pension Administrators
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