Welcome to Solomon Asset Management
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Solomon Asset Management is an independent Registered Investment Advisor providing customized portfolio management for individual and institutional clients. Our firm is committed to always placing the goals and priorities of each client at the forefront of every investment decision. Simply put: We work for our clients to make sure that investment decisions related to their accounts are appropriate....appropriate for their risk tolerance and long-term objectives.
Here is what you can expect from Solomon Asset Management - Solomon Asset Management will build and manage your investment portfolio without collecting commissions from the sale of aggressive mutual funds or financial products, such as annuities. Therefore, our clients benefit in the following ways:
First, we will initiate a personalized investment plan based on your specific goals.
Second, we will research your current investments and present an updated asset allocation model for your consideration.
Third, we will add diversification to your portfolio utilizing government and corporate bonds, mutual funds, ETFs and equities to help minimize risk.
Fourth, we will continue to monitor the performance of your mutual funds, bonds and equity positions.
Fifth, we will rebalance your investments periodically to maintain your desired asset allocation.
Finally, our management fees are among the lowest available.....Period
Greg Solomon
Solomon Asset Management Established 2001
Colorado Springs CO
970 270 2452
Follow Greg's bond market commentary at http://ionbonds.blogspot.com or on Twitter @ionbonds for regular updates on corporate bonds, including yields, availability, ratings and news.
To learn more about how Solomon Asset Management can help you with your investments read the Our Services page on this site.
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At Solomon Asset Management we are focusing on some of the simple planning rules that have been proven to make a big difference:
- We don't let excessive fees eat into your returns.
- We do diversify your portfolio mix with fixed income and other assets, and reduce the risk in your portfolio as you get closer to retirement.
- We will rebalance your portfolio to take advantage of market conditions.
Pay Less for Investing
From Kiplinger's Personal Finance magazine
1. Slash Investing Costs They Drag Down Performance: The average diversified U.S. stock mutual fund charges 1.3% a year in expenses. If your fund isn't beating its benchmark (or you don't have the time to monitor actively managed funds), you're better off buying a low-cost index fund or ETF that hews to the benchmark. For instance, Fidelity Spartan 500 Index fund (symbol FSMKX), which tracks Standard & Poor's 500-stock index, has an annual expense ratio of just 0.10%. And indexing isn't a compromise strategy. Managers of many top pension funds and endowments swear by it. Annual Savings: $1,200 (based on cutting expenses from 1.3% to 0.10% on a $100,000 portfolio)
2. Keep Tabs on Your Trades: If you aren't an active trader, make sure you’re not penalized by a broker who charges an "inactivity fee." For example, E*Trade charges investors who don’t conduct any trades in a given three-month period $40 for the quarter. Annual Savings: $160
3. Clone Your Favorite Manager: Sticking with no-load mutual funds is a strategy that can save thousands over time, and there is almost always a great no-load alternative to a load fund. For example, instead of shelling out a 4.75% load for Davis NY Venture A fund (NYVTX), go for the nearly identical Selected American Shares S fund (SLASX), which doesn’t have a sales charge. Annual Savings: $235 (avoiding a 4.75% load on a $5,000 investment)
4. Go With a Discount Broker: Full-service firms charge $30 or more for an online stock trade. But online brokers' fees average just $10, reports Aite Group, a financial research firm. We like E*Trade and TD Ameritrade for $10 trades. And be honest: Is your broker’s research worth the extra 20 bucks? Or, trade for free. ZeccoTrading gives you ten free stock trades per month if you maintain a minimum balance of $2,500. WellsTrade allows 100 free trades a year if you keep a total of $25,000 or more in Wells Fargo in almost all types of accounts. Annual Savings: $240 (using a discount broker for one trade per month) TOTAL ANNUAL INVESTING SAVINGS: $1,835
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In theory, running your own investment portfolio is as simple as subscribing to a publication, following a few websites and pressing a few keys on your iPad, iPhone, netbook or computer. Indeed, the wealth of tools, information and resources for the independent investor is truly astonishing. But doing it yourself isn't for everyone. If you are an individual investor who would benefit from having professional research and management for your investment portfolio, you may find a peace of mind and a level of comfort that is priceless.
To request more information from Solomon Asset Management or to have us contact you concerning our personalized investment management service, just send an e-mail to solomonassetmgt@aol.com
All the material contained on the Solomon Asset Management website is copyright protected and may not be reproduced in any manner without the written permission of the copyright owner.
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