5200 Maryland Way,
Yes! As a fiduciary, I'm legally and ethically bound to prioritize the needs of my clients above my own. We believe this is the only way to serve clients, and it's why we eliminated conflicts of interest like commissions from the sale of insurance or investment products.
Charles Schwab and Fidelity are the preferred custodians we utilize for our clients.
No. We have relationships with the multiple custodians so that our clients have choices. We find that some clients have an affinity toward one or the other.
No. Your money is always held with the custodian (Schwab or Fidelity). We are granted limited rights such as trading, disbursement to your address of record and limited withdrawal rights as it only pertains to our agreed-upon fees (of which Schwab and Fidelity monitor and authorize release).
No. Your investments are ALWAYS held in your specific account, under your name (or trust or entity of your direction) and your tax ID number. Your money is separate and distinct to you.
We have limited access to just trading and the collection of our agreed upon fee which the custodian monitors. We have the ability to process distributions to your address of record and to accounts for which a signed authorization by you is registered with the custodian.
Many of our retirees receive scheduled monthly deposits to their preferred banks.
Yes. However, that needs to be done via your signature and set up and authorized by the custodian.
The custodian will require a signature from all the account holders to change the address. Both Flagship Financial Advisors and the account holder are notified of such a change.
Yes, our clients have 24/7 access to their encrypted Flagship Financial Advisors Client Portal and access through Schwab Alliance.
There are 4 levels of security on transmission / viewing: SSL 128bit encryption X509 certificate Time stamping with time limited allowed variation SSL HTTPS encryption using a private key
Yes, our conversations are confidential. We adhere to industry and professional ethics standards. Since we are not attorneys, however, our files and our staff can be compelled by court order to share information.
Non-discretionary management means that the client needs to approve the timing, amount and pricing of each trade. Discretionary trading allows your advisor to make transactions on your behalf without your approval on each transaction. Flagship Financial Advisors operates on a discretionary basis, which allows us to rebalance, replace investments and manage the collective investments of our clients in an efficient and timely manner. For each client, before we invest money, we come to a mutual agreement regarding the asset allocation and risk levels, and we stick to those agreed-upon parameters. If we deem a change to those parameters to be warranted, we obtain permission with the client on those modifications.
Your money is held directly with the custodians, and we are simply a servicing advisor you have linked to your accounts. While we have disaster recovery and backup systems in place, you can always assign a new advisor with the stroke of a pen.
With how the financial industry is structured, your funds are not assets of the custodian (with the exception of “cash” or money market funds, which have SIPC protection limits). In the unlikely event they were to go out of business, you can transfer your funds to another institution (i.e., just like the brokerage clients of Lehman Brothers and Bear Stearns did in the 2008 crisis).
In selecting a firm, we took great care to ensure that from day one we would have all the necessary operational support to allow us to efficiently focus on serving you. To that end, we are proud to partner with Stratos Wealth Advisors. Stratos Wealth Advisors is an independent financial services firm that provides Flagship Financial Advisors operational resources that allow Flagship the flexibility to develop and grow our own businesses.