Individual Financial Planning & Portfolio Management

Fee-only

Anchor Capital Management operates on a fee-only basis, charging a clearly disclosed fee for services performed.

In no case does it accept commissions, finder’s fees, gratuities or any other form of compensation from vendor organizations. Therefore, any recommendations for investments, mutual funds, insurance or other financial products will be based on Anchor Capital Management’s best judgment to meet client needs and will not be influenced by the potential for commissions or other income that is hidden from the client.

An Anchor Capital Management account is constructed to cover and pay fees for ongoing financial planning and investment advisory services. It is unnecessary to write a check out of budgeted funds to cover the cost that is appropriately allocated to your investment portfolio. A typical $2,000,000 account will pay a “blended rate” of approximately .75% per year. Fee is 1% on in-house managed securities and .50% on out-sourced managed accounts or mutual funds. (Mutual fund expense ratios continue. Anchor Capital Management will recommend a low expense ratio fund to keep this cost at .30 to .50%). Many clients have some of each, and therefore receive Anchor’s “blended rate”. Commissions will be an additional charge made by your broker/custodian when Anne Chernish places trades in your account. Should you choose a discount broker, these costs are minimal.

Anchor Capital Management’s Anne C. Chernish has earned the title “financial planner” and is paid a fee for advice regarding securities. In a role as your fiduciary, she is required to recommend the best investment for you, the client. A fiduciary must place the client’s interest first.

An advisor is required to disclose all sources of income, qualifications, possible conflicts of interest, and when and if an advisor ever “changes hats” and sells a product. Anne Chernish is proud to comply with all these requirements.

Anchor Capital Management assures you that it does not sell investment, insurance or financial products; and has no intention of doing so.