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Elements 5 Investment Management

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Elements5

Elements 5 Investment Management

David B. Schram, JD, CFP®, CIMA®, AWMA®
New Jersey

908-421-1164
[email protected]
https://www.elements5.us//

Services

Elements 5 Investment Management will work with clients remotely. Elements 5 offers comprehensive wealth management, investment management, and financial planning.

Compensation methods accepted
Assets Under Management (AUM)
Hourly
Fixed fee based on assets or financial circumstances.

Required education for senior advisors in the firm
Advanced education in Finance or a related area
CFP® (Certified Financial Planners)
CFA® (Chartered Financial Analyst)
JD (Juris Doctor)
CIMA® (Certified Investment Management Analyst)

Link to SEC/state registration:
https://adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=497669

David B. Schram
Elements 5

As an attorney for almost 20 years, I’ve been giving advice to clients to help them solve complex legal problems to achieve an outcome that they desire. I started my own financial planning and investment advisory firm to continue doing the same, just in a different area that I love, respect, and am truly fascinated by, and without having obligations to anyone else but to my clients.

Representatives of brokers-dealers, banks and other financial institutions who sell products (like annuities and mutual funds) have an obligation to their employers to sell those products and earn commissions; a true fiduciary who is only paid directly by the client has an obligation only to the client. Disclosing conflicts, whether by a fiduciary or institutional rep, is helpful but it is impossible for these representatives to avoid conflicts when they earn commissions or have obligations to the institution.

There is a real impact on clients when they receive complete, objective advice and solutions crafted in their best interest, including all of the relevant information. They are able to make informed decisions about how they want to use the advice or how to instruct their adviser on its implementation. We think this gives clients the greatest probability of achieving success in reaching their goals.

Elements 5 Best Practices
Elements 5 Investment Management’s ADV Part II

Dan Moisand

 

Dan Moisand is a nationally recognized fiduciary fee-only financial planner, an Institute Real Fiduciary™ Advisor and Chair-elect of the CFP Board.

The Institute has enshrined the ‘Moisand Rule’ on fiduciary practices. It is basic and is more important today than ever: “You have to avoid conflicts. If I avoid a conflict, I don’t worry about it.”

Watch the video of Moisand speaking here.

Bob Veres

 

Bob Veres is a long term observer of financial planning. His Newsletter, “Inside information” Is a staple of leading planners. In the May edition he writes about fiduciary and the Institute.

"But a much bigger point is that the fiduciary standard—as Knut Rostad of the Institute for the Fiduciary Standard has pointed out—has been determined by the Supreme Court (1963 ruling) to be at the very heart of the Investment Advisers Act of 1940. It is the foundation of what it means to be an RIA registered with the SEC instead of a tipster or a tout."

- Bob Veres, Parting Thoughts ... The SEC's Own Compliance Culture