Your accounts are insured against lost or stolen cash or securities at Osaic Wealth, Inc. by the Securities Investor Protection Corporation (SIPC), a US government-chartered 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 Charles Schwab, member FINRA/SIPC. However, based on client needs, we have other custodians and companies in our strategic network.

The firm was founded by American International Group (AIG) in 2002. They were purchased in 2016, renamed AIG Advisor Group, and bought again in 2019. While the firm was initially a network of independent broker-dealers, in 2023, Advisor Group announced its new name, Osaic, as part of a multi-month strategy to rebrand its subsidiary firms into one entity. Osaic is one of the nation’s largest providers of wealth management solutions and home to a diverse, service-driven community of professionals who believe that planning for the future should be transformative, not transactional. For more information visithttps://osaic.com/

No, we are an independent firm incorporated in 2015 as Scherer Capital Management, Inc. Osaic Wealth, Inc., and Charles Schwab are third parties that provide us with services.

No, we will not force you to sell any investments. However, some investments may need to be sold 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 essential step in simplifying your portfolio. When multiple strategies are used, it can be difficult and counterproductive to reach your financial goals, especially without communication between advisors. There are many factors associated with asset consolidation to consider including:

• Accurate Asset Allocation
  Coordinating accounts across different financial advisors to build an accurate asset allocation is often very difficult. Working with one advisor will help keep your portfolio diversified and avoid overlapping similar investments across multiple accounts
  
  
• Tax Efficiency
  Allocating certain investments in non-retirement accounts rather than retirement accounts can lower your taxes and save you money. Having your accounts in one place allows easier coordination to maximize tax efficiency.
  
  
• Simplified Tax Documents and Statements
  Consolidation allows you to access all your financial data from one place and eliminates the burden of multiple tax receipts and statements annually.
  
  
• Simplified Cash Flow Management
  Projecting income from various institutions will be challenging because the information is often presented in different formats and periods. You also work more efficiently using one source to compute your future income stream.
  
  
• Monitoring Performance Results
  Comparing one account to another should be done carefully, based on the types of investable assets and appropriate benchmarks.  A centralized reporting system allows you to monitor performance for each account and at the consolidated level.
  
  
• Required Minimum Distributions
  Once you reach 73, you must take a Required Minimum Distribution (RMD) from your retirement accounts. If your accounts are spread out, the RMD computation must be done for each account. Consolidation helps to determine the total amount and to plan based on your expected future cash flow. You will also be able to take out all RMDs from one account.
  
  
• Transaction Benefit
  Certain strategies are only possible when taxable and retirement accounts are on the same platform. For example, a client needing a RMD can take advantage of an “in-kind transfer” without selling securities. This strategy is when you transfer the shares of your investment from your retirement account to your non-retirement account instead of selling them and receiving cash. This would allow you to continue investing instead of having to cash out your investments.
  
  
• Cost Efficiency
  Most financial advisor management fees are based on the total “Fair Market Value” of all accounts. Consolidation might allow you to be qualified for a lower fee schedule because you have more total assets invested with the same financial advisor.
  
  
• Integrated Technology
  Paperless access through a wealth management portal allows you to securely view ALL your accounts (individually and on a consolidated level) using one access. This gives greater visibility and will help you better understand your financial situation.
  
  

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 only to recommend products and plans that will benefit the client well before it benefits them. Knowing your financial advisor is a fiduciary helps deepen 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 can earn commissions through some of our investment and insurance products, but 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 Charles Schwab. Checks will never be payable to Scherer Capital Management, Inc. or the advisor. Our small boutique firm also assures you that Lindsey or I only handle your personal information at our office, helping keep it secure through limited exposure.

• ChFC® Chartered Financial Consultant
• CLU® Chartered Life underwriter
• Series 6, Series 63 and Series 65
• Life and Health Insurance License