Services View Form ADV Part II
Investment Planning & Financial Consultation
What you want to do with your life, how you want to live, and what you want to accomplish are key to devising an investment plan. Viewed in this context, your money and finances should support your life goals, and not the other way around.
Financial independence is about increasing choices in your life. It is a journey and not a destination. We are committed to a long-term relationship to you, our client. This requires our spending time discussing diverse areas of your life. We often do some brainstorming to generate additional ideas and possibilities. We work with you to understand the financial and non-financial consequences of your plans. We help you to prioritize your plans so that you work on your most important goals. We then work together to design a custom road map to implement your plans.
Financial planning is a process, not a product. It is a partnership between a client and a financial professional. One of the key building blocks of this partnership is client education. The more you understand about money, personal finance, and investing, the greater the chances that you will succeed financially. Knowledge can prevent you from abandoning your investment program when fear or greed, run rampant in the marketplace.
Studies have shown that individual investors receive substantially lower returns than then the funds they invest in. This is due to fund switching, often at exactly the wrong times. Long-term financial success is not about outperforming the market. Rather, it is about setting up a rational investment plan and managing investor behavior.
At Neiman Wealth Management LLC, we spend time educating you about money, personal finance, and investments as an integral part of our investment services. As you become more knowledgeable we are able to work together more efficiently and effectively pursuing your goals. We understand the emotional component to investing and believe that addressing these issues is necessary to successfully achieve your goals.
Investment Portfolio Construction
There is no such thing as an investment without risk. At Neiman Wealth Management LLC, we believe that it is important to understand the risks you are taking and your personal risk tolerance level and manage them. According to several academic studies, over 90% of a portfolio’s return can be attributed to the percentage of investment dollars allocated to each of the major asset classes (stocks, bonds, real estate, & cash). Diversification between asset classes and within asset classes can mitigate some of the volatility found in many investment portfolios. We actively work with you to understand your risk tolerance. We work together to design a custom asset allocation to meet your needs. We then diversify within each asset class and avoid over concentrating a portfolio.
At Neiman Wealth Management LLC, we believe that markets are efficient and that market timing does not add long term value to a portfolio after costs and taxes are accounted for. Long-term returns can best be obtained by managing risk through diversification and controlling costs. We design portfolios based on passive asset class investing. Using a combination of Mutual Funds from Dimensional Fund Advisors, we diversify between and within asset classes.
We believe that discipline is vital to financial success. We periodically rebalance our client’s portfolios to maintain their targeted asset allocation. Portfolio rebalancing gives us objective buy and sell points based on a pre-determined investment plan. Oftentimes, the best course of action to take while investing is to take no action at all.
Past performance is no guarantee of future results.
We do not receive a commission or other compensation from the sale of any financial products. Our annual fees are billed quarterly in advance.
Neiman Wealth Management, LLC is a registered investment adviser in the States of Washington, California, and Florida. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
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