Independent, Unbiased Advice Aligned With the Client
There is always one overriding question: What is in the client’s best interest? Palmerston Group is a fee and commission firm. For many years, Palmerston was a fee-only firm, but it added life insurance and health, accident, and disability insurance capabilities in order to better serve businesses, business owners, and high net worth clients with estate planning needs. In these kinds of planning situations, insurance may be a useful, tax-efficient component of a sound strategy. Insurance is the exception where commissions can be part of compensation. Otherwise, if a client or prospective client has no need of these kinds of insurance services, the relationship should be expected to be a strictly fee relationship in which Palmerston receives no commissions. In all cases, the only interest should be rendering advice that helps clients achieve their objectives and keep their assets growing. One method is keeping portfolio expenses down. For example, when mutual funds are appropriate, we favor those without sales “loads” and with low expense ratios (and strong portfolio managers). The margin of safety strategy seeks to minimize turnover and trading costs by seeking out companies whose securities can be held for the long term. Please contact Palmerston.