Ockham Wealth Advisors, LLC is an RIA with no affiliated or related broker/dealer. Our accounts are custodied at third party firms, such as Charles Schwab. Clients also have the ability to select their brokerage/custodian, with certain limitations. There is absolutely no conflict of interest inherent in the relationship between OWA and its clients.
OWA selects investments (stocks, bonds, exchange traded funds (ETFs) and mutual funds) based on the fundamental appeal of that investment. OWA personnel can and frequently do have positions in the same securities as do our clients for we firmly believe in Warren Buffet’s concept of “eating our own cooking.” We have a firm policy (available for your review) regarding trading for related accounts and as an RIA must always put the client’s interests before our own regarding trading.
Unlike a broker/dealer, we do not make a market in securities and do not buy and sell for clients out of our inventory. Mutual funds purchased for client accounts are those available through Schwab’s One Source (or comparable) program and are bought at net asset value (NAV) (no sales charge). OWA in no way benefits from promoting a particular fund family and such choices are made strictly on their investment merits, with part of that consideration being internal costs.
Clients receive (either via U.S. Mail or the internet) monthly statements from their custodian and—in most cases—have on‐line access to their account(s) 24 hours a day, seven days a week, 365 days a year. They are able to see their positions (including cash and money market assets) in real time—just as we can. Furthermore, they may also track all transactions to include additions or subtractions to or from the account instantaneously.
Clients receive quarterly reports which detail the performance of their various assets and compare that performance to its relevant index/benchmark. These reports also document that quarter’s fee calculation. The quarterly reports let our clients know exactly where they stand from a performance and cost standpoint and there is no more transparent asset management arrangement available.
Clients may terminate their relationship with OWA at any time, although from a fee standpoint, we require 30 days written notice—which is a standard industry approach.