Riverpoint Wealth Management is proud to offer the independent research and industry expertise of LPL Financial.
Investment Management and Research
We provide a disciplined investments management process that delivers the potential benefits of institutional strategies to individual portfolios. At Riverpoint Wealth Management, we create custom portfolios for our clients and manage them on a discretionary basis. Our investment committee utilizes in-depth internal research in addition to several third-party research sources including S&P IQ, Morningstar, and Bloomberg. Each investment is carefully analyzed on the asset type, class, and cost structure and how it fits in with the overall portfolio’s goals. Each portfolio is built to meet a specific risk tolerance that the client is comfortable with, but will also keep his or her goals in mind for long-term objectives. These risk tolerance levels are reviewed regularly using our Risk Profile questionnaire. Active rebalancing occurs as market conditions change. We review these trades, allocation and our outlook in our regular client reviews.
The Fiduciary Standard
At Riverpoint Wealth Management, we are held to the highest fiduciary standard. This means that we must always act in the client’s best interest, not the firm’s. While broker-dealers only have to abide by a suitability rule, we are proud to go a step further as the fiduciary. The Department of Labor has passed a law now mandating this regulation on all retirement assets, but we have been running all our portfolios this way for years.
Riverpoint Wealth Management uses LPL Financial as its custodian and broker-dealer of all assets. We use a third-party custodian to provide safekeeping of assets, accounting of transactions, collection of interest and dividends, statement delivery, tax reporting, billing and execution of trades. LPL Financial is one of the leading broker-dealers in the nation*. For more than four decades, the firm has served as a supportive partner in helping financial advisors protect their clients’ wealth and now has over 14,000 advisors nationwide.
With headquarters on both coasts, LPL Financial supports its financial advisors by offering a robust mix of services including a 35-person research team that provides insight into daily market movements and long-term portfolio strategies. Since LPL Financial has no proprietary products to sell, its advisors can provide objective investment recommendations, which eliminates many of the conflicts of interest found at other brokerage firms. For more information about LPL Financial, please visit www.lpl.com.
*As reported in Financial Planning magazine 1996–2016, based on total revenues.