Your investments are important. Advisory Services can help them receive the care they deserve. Your investments can be professionally managed or a Financial Advisor can help you manage them yourself. Gruver Wealth Management of Wells Fargo Advisors programs allow flexibility to help you reach your goals.

Managing investments

A lot may be riding on your investments: retirement, children’s or grandchildren’s education, your financial legacy. Your investment plan should get the attention it deserves.

Some investors enjoy managing their own plan. They are confident in their abilities and have the time to research and monitor their investments’ performance.

You’re not alone if you don’t fall into that category. Like many others, you may want to work with a professional by taking advantage of an advisory program.

Using an advisory program

You can save time and have a professional manage your investments when you use the services of an advisory program.

Advisory programs generally fall into two categories. One gives another party the power to make decisions for your account’s day-to-day management. This means you can allow a portfolio manager — in some cases Gruver Wealth Management of Wells Fargo Advisors — to decide when to buy, sell, and hold investments without consulting you.

Your portfolio manager will make decisions based on a variety of factors:

  • Your long-term objectives
  • The time you have to reach your objectives
  • Your risk tolerance

In the other program, you collaborate with your Financial Advisor. We will provide you with objective advice and guidance based on your needs, goals, and today’s investment environment, to help you make your own buy, sell, and hold decisions.

Investment Manager Selection

History has proven no single investment manager can consistently outperform the market. While statistical anomalies do exist, the likelihood of finding these managers and concentrating assets with them is not only slim, but ill advised. Many investment managers and companies may have stellar returns for a quarter or two, but tend to find difficulty performing over the long haul. Gruver Wealth Management and Wells Fargo Advisors' investment research team continually identify new investment managers we believe offer quality service. We strive to find managers with:

  • Outstanding backgrounds
  • Track records of outperformance
  • Repeatable niche strategies for investment management
  • Demonstrated risk control procedures
  • Properly aligned financial incentives

A common theme among our investment managers is an ability to manage downside risk. We make no excuses for missing some of the upside in a rapidly rising market if the managers can stem losses in a down market. Importantly, for clients who spend from their portfolio to fund their lifestyles, managing risk to achieve the maximum number of positive periods can have a profound impact on an investment plan’s success.

At Gruver Wealth Management of Wells Fargo Advisors, investment manager selection and due diligence is critical for constructing and sustaining your optimal portfolio. We conduct extensive quantitative research, drawing on a wide array of analytic tools and a database of thousands of hedge fund and other investment managers to find sound managers who seek to capture opportunities while managing risk.

Fee replaces commissions

So how can an advisory account differ from a traditional brokerage account? One difference is how you pay for the services you receive. In an advisory account program, you generally pay a fee. This is often charged on a quarterly basis based on a percentage of your account’s value. In a traditional brokerage account you would pay a commission for each transaction.

Flexible range of alternatives

You can choose which advisory services program you implement. Wells Fargo Advisors offers an array of programs. You can decide what products you would like to have managed, such as mutual funds, exchange-traded funds (ETFs), stocks, bonds, and commodity-based investments.

We can discuss the programs with you and see what fits your situation – and what makes you feel more confident in helping you reach your goals.

Advisory services are not designed for excessively traded or inactive accounts, and may not be appropriate for all investors.The fees for advisory programs are asset-based and assessed quarterly in advance. There may be a minimum fee to maintain this type of account. Fees include advisory services, performance measurement, transaction costs, custody services, and trading. These fees do not cover the fees and expenses of any underlying exchange traded fund (ETF), closed-end funds, or mutual funds in the portfolio. Advisory accounts are not designed for excessively traded or inactive accounts and may not be appropriate for all investors. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services, including fees and expenses. The minimum account size for these programs is between $25,000 and $200,000.