We provide customized portfolio design to address liquidity needs, manage distribution requirements, and monitor allocation and rebalancing. We provide each client detailed analysis and comprehensive performance reporting using Your Portfolio.
Everyone talks about the benefits of diversification. But at Echo Wealth Management, we take the practice of diversification to a more sophisticated level. Depending on each investor’s objective, we offer various portfolios that consist more than 15 asset classes, and nearly 5,000 securities from approximately 50 countries worldwide through ETFs offered by Vanguard, iShares, WisdomTree and SPDRs. The broad diversification takes the emotion out of trying to be in the right place at the right time - because you have the opportunity to capture the gains in more segments through more securities, whenever they occur.
In addition to the ETFs using traditional indexing, we also include some smart beta strategy ETFs or institutional class mutual funds in the portfolios. Smart beta is a term for rules-based investment strategies that do not use conventional market-cap weightings. For example, Fundamental Weighting is an index construction methodology that uses indicators of company size (such as sales, cash flow, dividends, and book value) to select index holdings and set their weights. They are intended to give investors access to sources of potential additional return in their low-cost passive portfolios.
We are rigorous, but not rigid in selecting investments. We couple the active management of managers with a passive low-cost indexing approach. For certain areas such as alternatives, we use active managers. In fact, this approach creates a more durable, dynamic and opportunistic portfolio.
Furthermore, our investment approach is not tied to any “proprietary” investment in which we have an ownership stake. Rather, we choose managers for each specialty area of the market. This provides an opportunity for true experts in each respective area.
For retirees, EWM typically requires a minimum account size or client relationship of $1,000,000 for investment management services. Client household where the total balance of all accounts is less than $1,000,000 will be accepted only on a case by case basis based on certain criteria (for example, future earning capacity, anticipated future additional assets, related accounts, family relationships and pro bono work).
EWM may waive or reduce advisory fees and/or minimums for certain clients, such as charitable organizations or employees and members of their families. The client’s Investment Management Agreement will outline the agreed upon fee.