Why Fee-Only

At HonorVise, we earn a low fee for engineering and monitoring your portfolio.  That's it.  No commission, no hidden fees, no surprises.

  • HonorVise does not earn commissions* on trades we make for you.
  • HonorVise does not receive kick-backs from mutual fund companies whose products we place in your portfolio.

Here's what you get for our low advisory fee:

  • With your input, HonorVise helps you establish your investment profile, objectives and tolerance for risk.
  • Assets are placed in a portfolio that has been engineered to meet your objectives.
  • At the end of each quarter, you will receive a detailed account summary and performance report.
  • Portfolio is monitored and periodically rebalanced utilizing the HonorVise Life Cycle Trigger as a guide.
  • HonorVise will contact you periodically to be sure your profile is still correct.
  • We will make available to you by phone or email an assigned investment advisor whose only objective is to increase your wealth.

At HonorVise we believe:

Incentive Drives Behavior-

It's common for advisors to make a commission every time they buy or sell a stock for you.  This gives them an obvious incentive to trade frequently--costing you money for trades not necessarily motivated by your interest.  Ask your investment advisor if he or she is commissioned on your trades.

Advice should be Free from Conflicts-

Our fee schedule is published, public information.  Other investment companies have private, specially negotiated fees for favored clients.

Our advisors are not commissioned sales people.

  • Our only incentive--to help you achieve your long-term objectives, answer questions and serve your needs.
  • The major incentive of many investment advisors--to increase commissions by signing new accounts and generating trades in existing accounts.

Our employees invest their personal assets in the exact same funds we have in your portfolio. When you "eat your own cooking" you tend to pay more attention to the recipe.

We are not paid a penny by the managers of the funds we select. So we have no special loyalty to a fund, other than how it performs for you.

We will never put you in a "loaded" fund -- one that pays commissions to whoever sells it.

  • Load funds can be front-end loaded, back-end loaded or carry a level-load which is also known as a 12b-1 fee.
  • Load funds can usually be identified as Class A, B or C shares and should ALWAYS be avoided. There is absolutely no proof that loaded funds perform better than no-load funds.

Total Transparency is our pledge to you. We will clearly explain, in simple language, not just our fee, but any other costs you incur that are obscured or hidden by most investment firms.

*Funds purchased or sold by HonorVise on behalf of clients usually incur a transaction fee which is assessed by the custodian.  HonorVise is not compensated in any way as a result of these fees and will work to minimize them in the portfolio implementation process.

 

 

 

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Investment Articles
Investment Quotes
  • "Any chance that mutual funds as a group could outpace a suitably weighted market index (including large and small stocks alike) is, simply put, ‘gone with the wind.'"

    ~Jack Bogel, Vanguard, Ex-Chairman
  • "The only way an investor can get killed is by high fees or trying to outsmart the market."

    ~ Warren Buffett
  • "The stock market is designed to transfer money from the active to the patient."

    ~Warren Buffett
  • "The S&P index benchmarks outperformed their active peer funds in all nine Morningstar style boxes over the past ten years."

    ~Gus Sauter, Vanguard Group
  • "The only consistent superior performer is the market itself and the only way to capture the superior consistency is to invest in a properly diversified portfolio of index funds."

    ~Rex Sinquefield, Director, Dimensional Fund Advisors
  • "For most of us, trying to beat the market leads to disastrous results."

    ~Prof. Jeremy Siegel, author
  • "It is basically impossible to beat the market."

    ~Prof. Eugene Fama
  • "I was not always an obnoxious indexing zealot. Ten years of believing in and selling active management strategies in the brokerage industry made me this way."

    ~Rick Ferri,CFA, author, financial adviser

  • "The media focuses on the temporarily winning active funds that score the more spectacular bull's eyes, not index funds that score every year and accumulate less flashy, but ultimately winning, scores."

    ~W. Scott Simon, author
  • "A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth."

    ~Warren Buffett
  • "Only about one out of every four equity funds outperforms the stock market. That's why I'm a firm believer in the power of indexing."

    ~Charles Schwab
  • "Of the 355 equity funds in 1970, fully 233 of those funds have gone out of business. Only 24 oupaced the market by more than 1% a year. These are terrible odds."

    ~Jack Bogle
  • "The fund industry's dirty little secret: most actively managed funds never do as well as their benchmark."

    ~Arthur Levitt, Chairman, SEC