What are your fees?
For financial planning services, we charge a flat quarterly fee depending upon the level of service provided and the amount of assets to be managed with a minimum fee of $750 per quarter. The level of the flat fee is determined after meeting with you and determining what level of services are required. The fee includes all services provided by us. You will never be charged additional fees by us for any services provided.
For stand-alone asset management services, our basic fee structure is based on the average monthly account balance as follows:
Under $1 million* 1.00% per year
$1 million to $10 million 0.75% per year
Over $10 million 0.50% per year
*A minimum fee of $2,000 is charged if the average monthly balance throughout the year is less than $100,000
Will my fees increase?
Potentially. If the level of service required by us to meet your needs changes significantly from the initial level, then we may increase your fee as appropriate. Also, for flat fee clients, we do implement annual increases of approximately 5% or more. We notify all clients of any fee increase in writing well in advance of any increase.
Why do I need a financial advisor?
When you are sick, you visit the doctor. When your finances ail, you should visit a financial doctor. After the physical health of you and your family, your financial health is the most important aspect of you and your family's lives.
If you are having financial issues or just need a little assistance with your money, you should go see a financial expert. We are financial experts and are here to help you deal with your financial issues whatever they may be.
We can develop a financial plan or manage your money to help you meet your future needs. When dealing with the second most important aspect of your life, you need expert advice and that is what we provide!
How long of you been in business and what is your experience?
David Hamer has been running Integrity Asset Management since 2015 and has been involved in managing personal finances and investments since 2005. He is a Certified Financial Planner or CFP® professional, has earned the Chartered Financial Analyst or CFA® designation and is also a Certified Public Accountant (CPA). He has extensive experience in planning for retirement, college education savings, student loan debt, investment management, taxes, budgeting, insurance and estate planning.
Are you a fiduciary?
Yes. Integrity Asset Management is a registered investment advisory firm in the State of California and David Hamer is a Certified Financial Planner or CFP® professional and has earned the Chartered Financial Analyst or CFA® designation, all of which require Mr. Hamer and his firm to adhere to the fiduciary standards.
What is your investment approach?
Our investment approach consists mainly of using low-cost stock and bond index exchange-traded funds (ETFs) to set the proper asset allocation for your portfolio based on your goals, time horizon and risk tolerance level. We may also utilize individual stocks to supplement investment returns or provide additional income.
For individual stocks, our investment approach is based mainly on fundamental analysis. We diligently research our investment recommendations, including reviewing publicly available financial reports, listening to company presentations and speaking with company management. We perform an in-depth analysis of an individual company’s financial results and ratios, evaluate a company’s long-term prospects and compare its results to its peers.
While we do not try to predict the direction of the financial markets, we do monitor and review general economic information to help us determine the proper asset allocation for our clients. We do our own research and do not rely on third parties to perform research or analysis on our behalf.
Do you get paid any commissions or referral fees from any of the products or investments you recommend?
NO! Absolutely not. We do not accept any referral fees, commissions or any other type of compensation from any company for any product or investment recommendations that we make to our clients. Our only compensation is based upon the fees that are paid to us by our clients that are agreed upon before the commencement of any services by us. We strongly believe that it is very important to maintain our independence so that our clients can rely upon the financial advice and investment recommendations that we are giving to them.
Where do you custody your accounts for assets under your management?
We use Charles Schwab & Co. as our custodian, and ask our clients to establish their brokerage accounts with Charles Schwab if they are not already there. Charles Schwab is a low-cost custodian with a long history of serving individual investors. We try to minimize all fees paid by our clients and using Charles Schwab as a custodian helps us to achieve that goal.
Our asset management agreements describe the parameters by which we can execute trades on behalf of clients and would include any limitations on trading to the extent desired by our clients. It is very easy to transfer brokerage accounts and we handle all of the administrative tasks needed to effectuate such transfers. Clients will always have full access to their accounts and have the ability to deposit and withdraw funds from their accounts at any time.