Our
Investment
Philosophy
and
Fiduciary
Standard
Investment Philosophy:
We believe no one possesses the ability to consistently predict the future. The perfect investment – it doesn’t exist!
Our approach to investing isn’t about chasing returns. It’s about managing risk. It’s about keeping expenses low. It’s about you – keeping more of your money. It’s about you – creating certainty in an uncertain world. It’s simply about – you!
Our Fiduciary Standard:
McAvoy Kemp Wealth Management, LLC is a Registered Investment Advisor and is registered with the Indiana Secretary of State Securities division under the Investment Advisers Act of 1940.
The Investment Advisers Act of 1940 holds those registered with the act to a fiduciary standard. The U.S. Department of Labor has recently defined fiduciary as one of “impartial conduct” which means:
- Duty of Care: The duty to act with care, skill, prudence, and diligence (a “prudent person” standard).
- Duty of Loyalty: Includes three key responsibilities
1.Undivided loyalty – to act without regard to the financial interests of the financial advisor, its firm or its affiliates.
2.Reasonable compensation – to ensure the compensation received is not excessive relative to market value of benefits by the client; and
3.Accurate communication – to not make misleading statements about items such as fees, risk, or conflicts of interest.
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Custody
of
Assets
In order to provide ongoing discretionary asset management services, a financial custodian is required to provide custody of one’s assets. McAvoy Kemp Wealth Management, LLC does not take custody of our client’s investable assets. Instead, we have a legal agreement in place to work alongside with Fidelity Clearing & Custody Solutions.
Fidelity Clearing & Custody Solutions provides a comprehensive clearing and custody platform, brokerage services, trading capabilities, and practice management and consulting to registered investment advisors (RIAs), including strategic acquires and professional asset managers, as well as retirement recordkeepers, broker-dealer firms, banks, and insurance companies through National Financial Services LLC (NFS) or Fidelity Brokerage Services LLC, Members NYSE, SIPC.
In addition to providing services to third-party institutions, the NFS brokerage platform supports all the clearing and custody businesses at Fidelity, including Fidelity’s retail and capital markets businesses, bringing NFS assets under management administration to $3.1 trillion.
Fidelity Investments is an independent company, unaffiliated with McAvoy Kemp Wealth Management, LLC. Fidelity Investments is a service provider to McAvoy Kemp Wealth Management, LLC.