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Solomon Asset Management brings together a variety of investment resources to create and manage each client's portfolio.
The platform for our investment management service is the relationship we have with leading discount brokers like TD Ameritrade. Our clients use these companies as account custodians for safekeeping, investment transactions and reporting. These companies also make it possible for us to offer our clients investment choices that represent the entire spectrum of risk/reward investments from aggressive growth to moderate growth to conservative income.
Our Focus is on the Process
Solomon Asset Management recognizes that no two investors have the exact same needs. We work closely with each of our clients to customize an investment portfolio that is based on specific goals, risk tolerances and time horizons. By focusing on the process to create and manage customized investment portfolios is how we add value to our client's financial future.
Our investment process consists of a series of four steps to ensure that each client receives investment management that is specifically tailored to meet their short and long term objectives. First, is an assessment of each client's unique goals. Second, is to establish appropriate asset allocation guidelines. Third, we research investment opportunities to create a customized portfolio. And fourth, we provide ongoing account management and portfolio oversight. While this process is presented in separate steps, it should be viewed as integrated and ongoing. The following is a summary each of these steps.
1) Assessment of Each Client's Personal Financial Goals
Solomon Asset Management considers several factors to help ensure that each client obtains investment management that is tailored to meet their individual goals. We will take the time to review each client's relevant financial information such as liquidity needs, income potential and personal preferences. This process begins with listening. Then we will mutually decide on an asset management plan, as well as, determine appropriate expectations with regard to achieving our objectives. The majority of our investment decisions depend on the quality of information obtained from this step.
2) Establish and Propose a Customized Asset Allocation Model
Solomon Asset Management believes that for investors to have the best opportunity to participate in investment growth while reducing exposure to a substantial amount of risk it is important to create a diversified portfolio....one that includes various industry sectors, asset classes and investment styles. Asset allocation modeling is how we create the target mix of diversified investments that serves as a guide for each client's portfolio. This is important to achieving a well-balanced investment portfolio. For some clients this may result in having some assets more actively managed while having other assets allocated among more traditional management approaches. Regardless of which strategy is employed, some form of diversification will be implemented in our effort to try to minimize risk while attempting achieve positive long-term performance.
3) Research Investment Opportunities and Create an Investment Portfolio
In order to build a diversified portfolio, Solomon Asset Management believes that each and every investment decision should be supported by comprehensive and thorough research. Our research originates in-house and extends to consider reports prepared from a variety of large financial institutions. With regard to mutual funds, we consider several relevant factors including the composition of equities, sector weighting, management fees and long-term performance. We also believe, yet despite any previous and proven effectiveness, investments in the stock market can not be left unattended. Our investment research shall always remain flexible in order to be effective in a variety of market environments. Therefore, even after applying an expansive amount of research, our investment decisions are tempered, monitored and reviewed.
4) Account Management and Regular Reporting
All of the assets managed by Solomon Asset Management are maintained with a custodian such as TD Ameritrade. Therefore, reporting services include state-of-the-art computerized record keeping and real-time portfolio updates. Furthermore, related performance reports are available to our client's on a confidential basis and always in a timely manner. Our clients can choose to receive trade confirmations on all account activities, statements with each investment position, data on account balances and portfolio performance reports both by e-mail and from traditional mail. + Monthly Statements and/or Quarterly Reports which provide a record of portfolio changes and how the account has performed. +Confirmation Statements are available both online and sent by mail for every account transaction. +Telephone Services include a toll free number with automated account information.Online and Real-time updates are available seven days a week, 24 hours a day. These reports also include financial information related to each transaction (buys & sells), holdings, dividends and interest income.
To Learn More About Our Services, simply send an e-mail to solomonassetmgt@aol.com
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Frequently Asked Questions
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At Solomon Asset Management we always encourage comments and questions concerning our investment advisory service. Here are a few frequently asked questions and answers that may help explain what we do.
How does an investor contact Solomon Asset Management?
- Whether you are a client or simply have a question concerning an investment idea, there are several ways to contact Solomon Asset Management. Gregory Solomon is the principal owner of the firm, which is located in Colorado Springs, CO. To discuss how to match our services with your investment needs, Greg can be reached by calling 970 270 2452 or just send an e-mail to solomonassetmgt@aol.com
When can I begin having Solomon Asset Management as my personal investment advisor?
- After you contact us and decide to engage our services, we will help you submit an account application to establish an investment account with a custodian such as TDAmeritrade. Additionally, we will also provide a management agreement that details our responsibilities as your investment advisor. If there are any funds that need to be transferred, we have all the forms available and will assist you in the process.
Are all of the investment accounts managed separately?
- Each of our clients maintains their own investment account in their name with a discount broker such as TD Ameritrade. Our investment management agreement authorizes Solomon Asset Management discretionary authority to buy and sell mutual funds and manage the account on their behalf. We cannot and will not access the account for any other purposes.
What does Solomon Asset Management charge for investment advisory services?
- Since we do not receive commissions from the sale of any stocks, mutual funds or insurance products, we attempt to keep our clients transaction cost and fees as low as possible. As part of our management agreement there is an annual fee that is based on the amount and the type of assets under management. Our fee can be a low flat-fee fixed at a yearly rate or between 1/2 of 1% and 1% of assets under management. Quite simply, our fees reflect the complexity of each client's situation. The payments are always broken down quarterly and can be applied directly to the account at the end of each calendar period.
Will I receive investment account statements and performance reports?
- Once an investment account is established, you will be mailed all confirmations, transaction statements and monthly or quarterly reports. Your investment information can also be reviewed at anytime by using our secure web site.
Can clients withdraw from the account?
- Our clients may withdraw all or a portion of their account when they wish. Some clients may want to make regular withdrawals for their income. We can explain the details, if you prefer this arrangement.
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