• Whom do you serve?

    We provide services to individuals, families, businesses, trusts, partnerships, and not-for-profit organizations who wish to pursue long-term goals based on our consultative approach to managing wealth. {See Typical Client}

  • How much does it cost to hold initial planning meetings with your firm?

    There is no cost for an initial meeting.

  • What happens to my current holdings if I become a client?

    Before any changes are made, we will analyze your existing portfolio and discuss our recommendations with you. If changes are warranted, we will work with you to ensure that any transitions occur as smoothly and tax efficiently as possible.

  • How do you charge for your services?

    Tobin Investment Planning LLC receives 100% of its compensation from asset-based advisory fees and planning fees paid by clients. The fees are on a sliding scale; as your portfolio grows, the percentage decreases. This approach aligns our interests with those of the client. Our annual investment advisory fee is prorated and paid quarterly, in advance, based upon the market value of the client’s assets on the last business day of the previous quarter. Typically, clients elect to have their fee deducted from their account. In the event of a client departure, any unearned fees are refunded. Our fee schedule is available upon request.

  • What size client portfolios do you manage?

    We do not have a minimum portfolio size. Every client should expect the same level of respect and fiduciary care, regardless of the size of their portfolio.

  • Do you hold my assets for me?

    No. Clients enter into a separate custodial/clearing agreement with an unaffiliated custodian where the assets are held in the client’s name. Tobin Investment Planning LLC generally recommends that investment management accounts be maintained at Charles Schwab & Co. for execution and/or custodial services. This recommendation is made based on such factors as Schwab’s financial strength, reputation, and its full range of services including its research and execution capabilities, pricing, banking, technology platform and responsiveness.

  • I am contacting you because I understand that you offer access to Dimensional Fund Advisors (DFA) funds. How do I learn more about DFA? What is your relationship with them?

    Our firm is proud to be among the select firms who have access to DFA funds. We often find that they provide the best vehicles for building cost effective and diversified portfolios. We receive no commissions for using DFA funds. If we feel there is a better investment option for your particular needs, we will recommend it.

  • Do clients sign a contract with Tobin Investment Planning LLC?

    Yes. Prior to engaging Tobin Investment Planning LLC to provide investment planning services, the client will enter into a formal Investment Advisory Agreement setting forth the terms and conditions under which the client’s assets shall be managed. Clients can terminate the agreement at any point without penalty.

  • What is meant by discretionary asset management?

    Clients give Tobin Investment Planning LLC full authority to make all purchase and sell decisions in the investment portfolio. We follow an Investment Policy Statement that we establish together and sets forth the client’s target allocation. This arrangement allows us to manage portfolios in a much more efficient manner.

  • Are clients notified of the investment decisions that Tobin Investment Planning LLC makes?

    Yes. The account custodian notifies clients of all transactions on a timely basis, provides a comprehensive monthly statement and offers daily account access via the internet. Additionally, Tobin Investment Planning LLC provides an investment aggregation report linked to the client’s financial plan with on-demand portfolio login capabilities. Thus, clients remain current and well-informed about all matters pertaining to their investments.

  • Does the client bear any other expenses in addition to Tobin Investment Planning LLC’s management fee?

    Clients typically pay three types of fees no matter whom they invest through. In keeping with full transparency we have chosen to identify all fees separately instead of combining them together.
    1. The custodian charges a transaction fee for effecting certain securities transactions;
    2. Separate account managers also charge an asset management fee, while mutual funds impose management fees and other expenses at the fund level;
    3. Investment advisor fee for advice and implementation.

    In conducting our due diligence and seeking the best execution for clients, we pay close attention to all fees and expenses. All fees are disclosed upfront so you will have no surprises.

  • Do you personally own the same investments you purchase for clients?

    Yes. If one were to examine my personal investment portfolio and those belonging to the firm’s clients who share similar investment objectives, he or she would see very significant overlap in the positions held. That is not to say that we own every mutual fund or security position that a client owns or that a client owns every position that we own. However, the similarities between the portfolios are striking. (Keep in mind that we build custom portfolios, so no two portfolios are exactly the same.) At Tobin Investment Planning LLC, if we do not have enough conviction about an investment to want to own it ourselves, then there is no reason to recommend it for our clients.