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Your accounts are insured against lost or stolen cash or securities at Securities America Inc. by the Securities Investor Protection Corporation (SIPC), a US government- charted corporation. As a member of SIPC, securities in your account are protected up to $500,000 for lost or stolen securities. For details, please see www.sipc.com.
Our primary custodian is TD Ameritrade, Inc., member FINRA/SIPC. However, we do have other custodians and companies in our strategic network based on the client needs.
Securities America is part of Advisor Group, one of the nation’s largest networks of independent financial professionals. Headquartered in Omaha and founded in 1984, Securities America supports approximately 2,600 independent financial professionals with innovative technology and wealth management platforms, practice management and business growth tools and a personalized service culture. The firm’s flexible, multi-custodial approach supports a range of business models including Super OSJs, independent RIAs, RIA-only advisors, hybrid advisors and financial institutions. For more information visit https://www.securitiesamerica.com/.
No, we are an independent firm incorporated in 2015 as Scherer Capital Management, Inc. Securities America, Inc. and TD Ameritrade, Inc. are third parties that provide services to us.
No, we will not force you to sell any investments. Although, some investments may need to be sold in order for Scherer Capital Management, Inc to manage them for you. However, most investments will transfer in kind without having to be sold. We will recommend changes that we believe could improve your portfolio with an eye toward the tax consequences, penalties, and charges associated with any sale transactions.
Consolidation is an important step in simplifying your portfolio. It can be difficult and counterproductive to reach your financial goals when multiple strategies are being used, especially without communication between advisors. There are many factors associated with asset consolidation to consider including:
Our advisory fees are calculated as a percentage of assets under management. Table below reflects our tiered monthly advisor fee schedule: 0.083% on the first $2,000,000 (1.00% per annum)0.062% on the next $3,000,000 (0.75% per annum)0.041% on the next $5,000,000 (0.50% per annum)$10,000,000 and above is negotiable *This does not include investment manager, custodial or transaction costs
A fiduciary duty is a commitment to act for another’s benefit, in that person’s best interest. When an advisor has a fiduciary duty to an individual, the advisor is obligated to only recommend products and plans that are going to benefit the client well before it benefits them. Knowing your financial advisor is a fiduciary helps deepen the level of trust early in the relationship. It gives you confidence the advisor will only offer investment advice that coincides with your goals and is always in your best interest.
At Scherer Capital Management, Inc. our fee-only accounts do not pay commissions, hence a fiduciary relationship exists. However, we have the ability to earn commissions through some of our investment and insurance products and these cannot be executed in fee-only accounts. If the client and advisor choose a method where a product is in their best interest and carries a commission, that is facilitated in a separate account and the advisor’s compensation is fully disclosed.
Client assets are held by a third party public custodian, primarily TD Ameritrade, Inc. Checks will never be made payable to Scherer Capital Management, Inc or the advisor. Our small, family team also gives you reassurance that your personal information is only handled by myself or Lindsey at our office, helping keep your personal information secure through limited exposure.
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