Frequently Asked Questions – Cravitz Financial & Insurance Solutions

Frequently Asked Questions

Do You Offer One time Project Fees as an Option?

Unfortunately, we do not. We only work with people that are looking for a long term relationship. Our practice is not set up for short term project work at this time anyway.

How Do You Make Money?

Transparency is a priority for us. As an advisor there are generally three different ways you can structure your business and be compensated. They are fee only, commission only, or both by fees and commissions. We believe that there is a place and an absolute need for both. We are set up as two distinct divisions. Wealth management is fee only. Insurance is paid through commissions paid by the insurance company.

Can you explain more about how you are compensated?


Wealth Management

The first division of our practice is an independent investment advisory practice where we work with more traditional investment vehicles such as stock, bonds, mutual funds, ETF’s, as well as some alternative investments all within the context of fee based managed money. Through a strategic partnership that I’ve formed with Brookstone Capital Management I am able to access their resources and literally the entire universe of investment options while still remaining completely independent. I do not receive commissions on investment trades or transactions. Unlike a broker who might get paid when you buy XYZ stock.  Then if they recommend you sell XYZ stock to buy ABC stock instead…you wonder are they are only doing this to earn a commission on the trades?  As a fiduciary I am paid a set fee based upon the assets under management. I am not paid more or less if or when trades are made. You don’t have to worry about a conflict of interest. The fee you pay is dependent upon the dollar amount invested and the strategies selected as a part of upon the portfolio design. Most commonly the fee is going to be somewhere between 1 to 1.5%.


Can you explain how you are compensated?


Insurance

The other division is the independent insurance agency. Love it or hate we all need insurance whether it’s for our car or our home we all need it. We don’t handle that kind of insurance though. The kind we handle includes life insurance, long term care insurance, and annuities. We are completely independent. If you needed a life insurance policy as example, we would identify the top carriers and tell you the good, the bad, the ugly of each and assist you in getting that in place. 


Some advisors have chosen to operate as completely fee only. Often times they will say that by operating this way, and refusing to accept any commissions it removes all conflicts of interest. However, there are certain products such as the insurance products that I mentioned above that the only way an advisor can be compensated on them is through a commission. We believe that if someone needs a life insurance policy or a long term care policy then we'd be doing a disservice by not making the recommendation and helping them get the coverage in place. There is a place for both investments and insurance we believe in a cohesive financial plan.

Are You Set Up To Meet Virtually and Work With People In Other States?

We can work with people across the United States. In fact, we have quite a few clients that are local that prefer meeting virtually. Instead of having to get in a car and drive to our office they can meet virtually from the comfort of their own living room.

Should I Hire Cravitz Financial & Insurance Solutions

Excellent question.


If you are wanting an advisor that engages in buying and selling stocks on  a regular basis with the attempt of trying to predict and time the markets we aren't the right firm for you.


We believe markets as well as the news of the day are unpredictable. Predicting what the markets will do day to day or if/when interest rates will go up and down is a fool's game.


Instead we focus on things you can control like helping to create a reliable income stream, reduce your taxes, invest smarter, and optimize your insurance.


What Else Should I Know?

We specialize in retirement planning. We aim to ensure you have the money you need, to live the lifestyle you want, for the rest of your life.


We limit the amount of clients we bring on to provide a high level of personalized service and planning efforts.


We are firm believers in technology and invest in it heavily to make the retirement planning process as simple as possible.


Are you concerned about your money and your financial future?


CONTACT

16755 Von Karman Ave. Suite #200
Irvine, CA. 92606
1-714-462-9155
Ryan@CravitzFinancial.com

Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Cravitz Financial & Insurance Solutions are independent of each other. The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives. Information provided is not intended as tax or legal advice, and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional.  Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents.  CA Insurance License #0C86000.

Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company and are not offered by Brookstone Capital Management. Index or fixed annuities are not designed for short term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract.

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