Frequently Asked Questions

Our Frequently Asked Questions (FAQ) are a general list of helpful topics. For more information, please contact our office and one of our team members will be happy to help

Getting Started

Getting Started

HOW DO I GET AN INFORMATION PACKAGE?

Prospective investors may request an information package by phone or email. For inquiries by phone, please call (402) 904-7575. For email inquiries, you can contact us at mike@riedmillerwealth.com.

CAN ANYONE GET AN INVESTMENT PROPOSAL?

We encourage anyone who is seriously considering hiring a portfolio manager to request an investment proposal. However, we reserve the right to not write a proposal (or to withdraw a proposal) if we feel a person is not financially qualified or committed to a long-term relationship with our company or if that person does not agree with the guiding principles of our firm.

WILL YOU GIVE ME ADVICE ON ALL MY ASSETS EVEN IF YOU ARE NOT MANAGING THEM?

We will consider all of your household assets and accounts when building your financial plan. We may offer advice on policies or accounts not initiated by us if that falls under our review.

WILL YOU ACCEPT STOCKS, BONDS, AND MUTUAL FUNDS THAT I TRANSFER IN?

We can accept securities that are transferred into your account. This is something we can discuss and review during our meeting process. Our responsibility is to manage your portfolio to the best of our ability.

WHAT DO I DO IF I HAVE MUTUAL FUNDS OR OTHER SECURITIES THAT I WANT TO KEEP?

You may hold investments aside inside your portfolio. However, if the customization of your portfolio becomes too cumbersome, Riedmiller Wealth Management may ask that you move that to a separate account which we can assist with.

Investment Strategy

AM I INVOLVED IN THE DAY-TO-DAY PORTFOLIO DECISIONS?

Each portfolio follows a predetermined investment strategy. The portfolio you choose will largely be based on your goals, risk tolerance, time horizon, and financial situation. You are hiring Riedmiller Wealth Management to manage your accounts day-to-day according to your customized financial plan, which can be updated as your life and goals change in the future.

HOW WILL I KNOW A TRADE HAS OCCURRED IN MY ACCOUNT?

TD Ameritrade will notify you by mail or email each time there is a trade in your investment account. All trades are conducted in accordance with your written Investment Policy Statement. You do not need to contact anyone when you see a trade has been made. Please contact us if you have a question about a trade.

HOW DO YOU SELECT ONE FUND OVER ANOTHER?

No two indices are created equal, and no two index funds or ETFs are managed in the same way. We analyze the underlying structure and range of each fund to find the ones that best represent each asset class in a portfolio. We may also look at a number of other factors when making any portfolio decisions.

DO YOU PUBLISH THE PAST PERFORMANCE OF YOUR STRATEGIES?

As fiduciaries, we adhere to the strictest performance reporting standards. Each client has access to reports displaying the performance in each of their managed accounts.

Account Operations & Reports

WHAT CUSTODIAN DOES RIEDMILLER WEALTH MANAGEMENT USE?

At Riedmiller Wealth Management, we use TD Ameritrade as the custodian and licensed broker-dealer. We selected TD Ameritrade as our custodian because of our trust level in their ability and commitment to client service, low trading cost, and dedication to operational efficiency.

IS RIEDMILLER WEALTH MANAGEMENT AFFILIATED WITH TD AMERITRADE?

No. Riedmiller Wealth Management is not affiliated with TD Ameritrade or their parent company, nor are we compensated by that company in any way through fees, commission, or incentives. TD Ameritrade does provide our firm with the necessary software and data downloads that allow our in-house portfolio management system to work efficiently with TD Ameritrade’s trading and billing systems. This software is available to all investment advisors affiliated with TD Ameritrade.

DO I HAVE TO GO TO A TD AMERITRADE OFFICE TO OPEN AN ACCOUNT?

No. You will sign TD Ameritrade paperwork that Riedmiller Wealth Management will prepare for you to sign in order to open an account, eliminating the need to visit a TD Ameritrade office.

WILL I HAVE INTERNET ACCESS TO MY ACCOUNT?

Yes. You may access your account(s) with Riedmiller Wealth Management 24 hours per day, seven days per week through our client login section. The client login section will display a summary of all of your accounts with us, including your current portfolio value, allocation, and quarterly performance. For access to more detailed account information, such as account activity and year-end tax reports, clients can access everything through TD Ameritrade’s login.

HOW OFTEN WILL I RECEIVE STATEMENTS AND REPORTS?

TD Ameritrade will send statements at least quarterly for all accounts. These statements show account balances, trades, cash flows, unrealized gains, etc. Statements are available in print as well as through email. In addition, you will have access to performance data via your online client portal.

WILL I RECEIVE REPORTS THAT WILL HELP WITH TAX PREPARATION?

Each year, TD Ameritrade will send a 1099 to you for any taxable event. In addition, a realized gain/loss statement is available online from TD Ameritrade.

IS THERE A COST TO TERMINATE THE AGREEMENT IF I AM NOT SATISFIED WITH YOUR SERVICES?

No. Riedmiller Wealth Management does not charge a fee to terminate the agreement. Either party can terminate the agreement at any time and for any reason. There are no long-term commitments.

Asset Transfer & Withdrawals

HOW DO I TRANSFER ASSETS?

When you are ready to invest with Riedmiller Wealth Management, our service team will create an account with our custodian, TD Ameritrade. Rest assured, we will aid you in this simple process, sending you all paperwork required to open accounts and transfer assets to TD Ameritrade.

Once this account has been set up, your assets can then transfer seamlessly. From start to finish, the entire process is typically 5-7 business days. However, for some assets, depending on the type of security can take up to several weeks. Our team at Riedmiller Wealth Management will keep you up to date as your transfer progresses.

Typically, we do not hold securities in our portfolios that do not align with the Market Guard® investment strategy. However, we understand many of our clients may have securities that would realize a taxable gain if sold. You can hold these other stock positions inside your portfolio if needed. However, if it becomes too cumbersome to manage those positions, Riedmiller Wealth Management reserves the right to ask that those positions be moved to a separate account.

HOW DO I WITHDRAW ASSETS?

Clients may choose to withdraw money from a managed account at any time, either by automatic cash transfer or by mailing a traditional paper check. Once a bank link has been established, automatic cash transfers can move money electronically from your TD Ameritrade account directly to your checking account. This process takes between 24–72 hours, and the transfer is completed at no cost via TD Ameritrade’s secure process.

Statements & Reports

WHEN WILL I RECEIVE TD AMERITRADE STATEMENTS AND REPORTS?

TD Ameritrade provides the custodial services for our client accounts. At least quarterly, our clients can expect to receive a TD Ameritrade statement detailing the current positions and valuations to each client. In addition, trade confirmations are sent by TD Ameritrade whenever Riedmiller Wealth Management conducts a trade in an account. At the end of each year, clients will receive a 1099 from TD Ameritrade for any reportable or taxable event. The TD Ameritrade website offers an array of daily print-on-demand reports that you may download at any time. Clients may elect to receive TD Ameritrade account statements and reports electronically rather than by standard mail, which is highly encouraged in order to reduce paper waste.

WHERE CAN I REQUEST ADDITIONAL REPORTS?

You can request additional performance reporting for your accounts from Riedmiller Wealth Management at any time.

Our clients are offered updated ADV Forms, Privacy Statements, and a Code of Ethics annually to comply with SEC requirements. These SEC-required items will also be available by regular mail upon request.

Security & Privacy

DOES ANYONE AT RIEDMILLER WEALTH MANAGEMENT HAVE ACCESS TO MY MONEY?

Riedmiller Wealth Management has limited power of attorney to do three things:
1) Trade securities with discretion based on your financial goals.
2) Request that TD Ameritrade send a check directly to a client or to a client’s bank.
3) Be paid a management fee from the account based on the contract rate.
We have no other access or authority.

HOW IS MY PRIVACY PROTECTED?

Riedmiller Wealth Management complies with all privacy laws affecting financial institutions. When you open your account, you will receive a Privacy Statement that outlines this responsibility in detail. These standards are regularly reviewed to ensure they cover all forms of communication. Briefly, we will not release any information to any person who is not directly named on your account unless we have your permission to do so, with the exception of legal and regulatory authorities.

HOW DOES A REGISTERED INVESTMENT ADVISOR DIFFER FROM A BROKERAGE FIRM?

Registered Investment Advisors are in the investment management business and are monitored closely by specific regulatory agencies. In contrast, brokerage firms are primarily in the financial product sales and distribution business and are regulated by FINRA. As an Investment Adviser Representative of a Registered Investment Advisor, we have a higher level of fiduciary responsibility than brokerage firms. We are required by law to work in our clients’ best interest. Our fee is based on assets under management (AUM) rather than the brokerage model that is tied to the sale and distribution of financial products.

Getting Started

Getting Started

HOW DO I GET AN INFORMATION PACKAGE?

Prospective investors may request an information package by phone or email. For inquiries by phone, please call (402) 904-7575. For email inquiries, you can contact us at mike@riedmillerwealth.com.

CAN ANYONE GET AN INVESTMENT PROPOSAL?

We encourage anyone who is seriously considering hiring a portfolio manager to request an investment proposal. However, we reserve the right to not write a proposal (or to withdraw a proposal) if we feel a person is not financially qualified or committed to a long-term relationship with our company or if that person does not agree with the guiding principles of our firm.

WILL YOU GIVE ME ADVICE ON ALL MY ASSETS EVEN IF YOU ARE NOT MANAGING THEM?

We will consider all of your household assets and accounts when building your financial plan. We may offer advice on policies or accounts not initiated by us if that falls under our review.

WILL YOU ACCEPT STOCKS, BONDS, AND MUTUAL FUNDS THAT I TRANSFER IN?

We can accept securities that are transferred into your account. This is something we can discuss and review during our meeting process. Our responsibility is to manage your portfolio to the best of our ability.

WHAT DO I DO IF I HAVE MUTUAL FUNDS OR OTHER SECURITIES THAT I WANT TO KEEP?

You may hold investments aside inside your portfolio. However, if the customization of your portfolio becomes too cumbersome, Riedmiller Wealth Management may ask that you move that to a separate account which we can assist with.

Investment Strategy

AM I INVOLVED IN THE DAY-TO-DAY PORTFOLIO DECISIONS?

Each portfolio follows a predetermined investment strategy. The portfolio you choose will largely be based on your goals, risk tolerance, time horizon, and financial situation. You are hiring Riedmiller Wealth Management to manage your accounts day-to-day according to your customized financial plan, which can be updated as your life and goals change in the future.

HOW WILL I KNOW A TRADE HAS OCCURRED IN MY ACCOUNT?

TD Ameritrade will notify you by mail or email each time there is a trade in your investment account. All trades are conducted in accordance with your written Investment Policy Statement. You do not need to contact anyone when you see a trade has been made. Please contact us if you have a question about a trade.

HOW DO YOU SELECT ONE FUND OVER ANOTHER?

No two indices are created equal, and no two index funds or ETFs are managed in the same way. We analyze the underlying structure and range of each fund to find the ones that best represent each asset class in a portfolio. We may also look at a number of other factors when making any portfolio decisions.

DO YOU PUBLISH THE PAST PERFORMANCE OF YOUR STRATEGIES?

As fiduciaries, we adhere to the strictest performance reporting standards. Each client has access to reports displaying the performance in each of their managed accounts.

Account Operations & Reports

WHAT CUSTODIAN DOES RIEDMILLER WEALTH MANAGEMENT USE?

At Riedmiller Wealth Management, we use TD Ameritrade as the custodian and licensed broker-dealer. We selected TD Ameritrade as our custodian because of our trust level in their ability and commitment to client service, low trading cost, and dedication to operational efficiency.

IS RIEDMILLER WEALTH MANAGEMENT AFFILIATED WITH TD AMERITRADE?

No. Riedmiller Wealth Management is not affiliated with TD Ameritrade or their parent company, nor are we compensated by that company in any way through fees, commission, or incentives. TD Ameritrade does provide our firm with the necessary software and data downloads that allow our in-house portfolio management system to work efficiently with TD Ameritrade’s trading and billing systems. This software is available to all investment advisors affiliated with TD Ameritrade.

DO I HAVE TO GO TO A TD AMERITRADE OFFICE TO OPEN AN ACCOUNT?

No. You will sign TD Ameritrade paperwork that Riedmiller Wealth Management will prepare for you to sign in order to open an account, eliminating the need to visit a TD Ameritrade office.

WILL I HAVE INTERNET ACCESS TO MY ACCOUNT?

Yes. You may access your account(s) with Riedmiller Wealth Management 24 hours per day, seven days per week through our client login section. The client login section will display a summary of all of your accounts with us, including your current portfolio value, allocation, and quarterly performance. For access to more detailed account information, such as account activity and year-end tax reports, clients can access everything through TD Ameritrade’s login.

HOW OFTEN WILL I RECEIVE STATEMENTS AND REPORTS?

TD Ameritrade will send statements at least quarterly for all accounts. These statements show account balances, trades, cash flows, unrealized gains, etc. Statements are available in print as well as through email. In addition, you will have access to performance data via your online client portal.

WILL I RECEIVE REPORTS THAT WILL HELP WITH TAX PREPARATION?

Each year, TD Ameritrade will send a 1099 to you for any taxable event. In addition, a realized gain/loss statement is available online from TD Ameritrade.

IS THERE A COST TO TERMINATE THE AGREEMENT IF I AM NOT SATISFIED WITH YOUR SERVICES?

No. Riedmiller Wealth Management does not charge a fee to terminate the agreement. Either party can terminate the agreement at any time and for any reason. There are no long-term commitments.

Asset Transfer & Withdrawals

HOW DO I TRANSFER ASSETS?

When you are ready to invest with Riedmiller Wealth Management, our service team will create an account with our custodian, TD Ameritrade. Rest assured, we will aid you in this simple process, sending you all paperwork required to open accounts and transfer assets to TD Ameritrade.

Once this account has been set up, your assets can then transfer seamlessly. From start to finish, the entire process is typically 5-7 business days. However, for some assets, depending on the type of security can take up to several weeks. Our team at Riedmiller Wealth Management will keep you up to date as your transfer progresses.

Typically, we do not hold securities in our portfolios that do not align with the Market Guard® investment strategy. However, we understand many of our clients may have securities that would realize a taxable gain if sold. You can hold these other stock positions inside your portfolio if needed. However, if it becomes too cumbersome to manage those positions, Riedmiller Wealth Management reserves the right to ask that those positions be moved to a separate account.

HOW DO I WITHDRAW ASSETS?

Clients may choose to withdraw money from a managed account at any time, either by automatic cash transfer or by mailing a traditional paper check. Once a bank link has been established, automatic cash transfers can move money electronically from your TD Ameritrade account directly to your checking account. This process takes between 24–72 hours, and the transfer is completed at no cost via TD Ameritrade’s secure process.

Statements & Reports

WHEN WILL I RECEIVE TD AMERITRADE STATEMENTS AND REPORTS?

TD Ameritrade provides the custodial services for our client accounts. At least quarterly, our clients can expect to receive a TD Ameritrade statement detailing the current positions and valuations to each client. In addition, trade confirmations are sent by TD Ameritrade whenever Riedmiller Wealth Management conducts a trade in an account. At the end of each year, clients will receive a 1099 from TD Ameritrade for any reportable or taxable event. The TD Ameritrade website offers an array of daily print-on-demand reports that you may download at any time. Clients may elect to receive TD Ameritrade account statements and reports electronically rather than by standard mail, which is highly encouraged in order to reduce paper waste.

WHERE CAN I REQUEST ADDITIONAL REPORTS?

You can request additional performance reporting for your accounts from Riedmiller Wealth Management at any time.

Our clients are offered updated ADV Forms, Privacy Statements, and a Code of Ethics annually to comply with SEC requirements. These SEC-required items will also be available by regular mail upon request.

Security & Privacy

DOES ANYONE AT RIEDMILLER WEALTH MANAGEMENT HAVE ACCESS TO MY MONEY?

Riedmiller Wealth Management has limited power of attorney to do three things:
1) Trade securities with discretion based on your financial goals.
2) Request that TD Ameritrade send a check directly to a client or to a client’s bank.
3) Be paid a management fee from the account based on the contract rate.
We have no other access or authority.

HOW IS MY PRIVACY PROTECTED?

Riedmiller Wealth Management complies with all privacy laws affecting financial institutions. When you open your account, you will receive a Privacy Statement that outlines this responsibility in detail. These standards are regularly reviewed to ensure they cover all forms of communication. Briefly, we will not release any information to any person who is not directly named on your account unless we have your permission to do so, with the exception of legal and regulatory authorities.

HOW DOES A REGISTERED INVESTMENT ADVISOR DIFFER FROM A BROKERAGE FIRM?

Registered Investment Advisors are in the investment management business and are monitored closely by specific regulatory agencies. In contrast, brokerage firms are primarily in the financial product sales and distribution business and are regulated by FINRA. As an Investment Adviser Representative of a Registered Investment Advisor, we have a higher level of fiduciary responsibility than brokerage firms. We are required by law to work in our clients’ best interest. Our fee is based on assets under management (AUM) rather than the brokerage model that is tied to the sale and distribution of financial products.

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