The majority of financial advisors operate on the basis of commissions, including fee-based compensation. Investors are not always clear what portion of their investments are being taken in commission, nor the varying commission rates paid by different investments. This compensation structure does not lend itself to transparency, objectivity, or ultimately, fiduciary responsibility. In contrast, Beaird Harris charges on a strict fee-only basis. Unlike fee-based compensation, fee-only means we sell no financial products nor do we receive benefits from brokerage services, commissions or finder’s fees. This independence allows us to remain impartial and deliver objective fiduciary advice.
At Beaird Harris our goal is to help our clients build and manage wealth over a lifetime. At the core of our wealth management philosophy is the premise that investors need a highly disciplined and cohesive financial strategy. Beaird Harris utilizes the Nobel Prize winning Modern Portfolio Theory (MPT) in the design of our clients' portfolios. We construct portfolios of various asset classes that react differently to varying market conditions. In so doing, MPT results in lower overall portfolio volatility without compromising portfolio return.
It’s been our experience that investors with a disciplined investment strategy obtain substantially better results than those who rely on their emotions. It is discipline that keeps investors from succumbing to their greatest enemies: Fear and Greed. Our disciplined strategy, coupled with fee-only advisory services, helps you chart your course and then provides the peace of mind to follow it. Broad global diversification, based on sound asset allocation principles, is one of the most effective means to this end.
We understand that wealth is defined in many ways besides money, and that your personal definition of wealth is as individual and unique as you are. While many financial advisors claim to adopt a holistic approach in advising their clients, in reality the majority lack the tools to:
Yet these are precisely the decisions that most of us face in our daily lives, and in planning for the future. At Beaird Harris we have an established reputation for helping our clients articulate their unique definition of wealth and utilize our proprietary WealthGuide Process™ to create a cohesive plan to achieve and sustain their desired lifestyle.
“Off-the-shelf” financial software and online calculators do not have advanced diagnostic and sophisticated modeling, which is why Beaird Harris developed WealthGuide Planner™; our proprietary financial planning software. Where others provide disconnected products and services, Beaird Harris’s WealthGuide Process™ is designed so that each client experiences a wealth management strategy in which their personal goals, financial objectives, investments, estate and philanthropic planning are integrated into a cohesive plan. Our planning tools not only use multiple criteria to “stress test” our clients’ portfolio, it provides multiple “what if” scenarios so the client can consider a range of outcomes, such as early retirement, philanthropic planning or various market conditions.