Prime Investment Advisors is a fee-based investment advisor, providing services on a discretionary basis using publicly traded securities. Prime also provides financial counseling services on an hourly fee basis.
Prime provides continuous management of client’s assets based on the individual needs of each client. Clients are asked to complete a risk questionnaire at the time of their initial engagement with Prime in which specific objectives, time horizons, risk tolerance and liquidity needs are identified. In addition, through personal discussions with each and every client, Prime develops a client’s personal Investment Policy Statement and base line asset allocation model by which the portfolio is managed. The model divides assets into different asset classes, emphasizing the balance between risk, reward, tax consequences and liquidity.
Prime remains in constant contact with clients. Statements are provided to clients on a quarterly basis and semi-annual portfolio reviews are strongly encouraged. At least every six months, Prime rebalances each portfolio taking into account global economic forecasts and projected trends and individual portfolio considerations such as harvesting tax gains and losses.
Statement and portfolio reviews are also available off-cycle and by client request at any time due to changes in client’s situation.
Clients can also engage Prime to evaluate the appropriateness of their personal finances outside the scope of the asset management services. Depending on the engagement, which is provided on an hourly fee basis, Prime provides the following analyses:
- Cash flow and Net Worth Analysis;
- Retirement Planning;
- Education funding, 2nd home, wedding, travel and other goal-oriented analyses;
- Compensation, employee benefits and insurance coverage analyses;
- Income, estate and gift tax planning to the extent that it relates to the items above.
These analyses can assist in making decisions to pursue financial independence and address specific needs and concerns faced by everyone at some point in their life.