Broker Check

FAQS


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 Charles Schwab, member FINRA/SIPC. However, we do have other custodians and companies in our strategic network based on 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 Charles Schwab 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:

  • Accurate Asset Allocation
    It’s often very difficult to coordinate accounts across different financial advisors to build an accurate asset allocation. 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 vs. retirement accounts can lower your taxes and save you money. By having your accounts in one place, it allows for easier coordination to maximize tax efficiency.

  • Simplified Tax Documents and Statements
    Consolidation allows you to access all of your financial data from one place and eliminates the burden of multiple tax receipts and statements on an annual basis.

  • Simplified Cash Flow Management
    Projecting income from various institutions will be challenging because the information is often presented in different formats and different time periods. You also work more efficiently when 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.  Having a centralized reporting system allows you to monitor performances for each individual account as well as on the consolidated level.

  • Required Minimum Distributions
    Once you hit the age of 72 you will be required to take a Required Minimum Distribution (RMD) from your retirement accounts. If your accounts are spread out, the computation of the RMD will have to 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 located on the same platform. For example, a client who needs to take 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 complete 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 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 Charles Schwab. Checks will never be made payable to Scherer Capital Management, Inc or the advisor. Our small, boutique firm 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.

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

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you.

support@scherercapitalmgt.com  |  (260)450-0671