2020 ANNOUNCEMENT
Announcing our New Registered Investment Advisor – BCGM Wealth Management LLC
As you can tell from the video, we have some exciting news to kick off 2020! Aurora Financial Strategies, and our partners (Gettings Reed in Lafayette, IN), have officially created a Registered Investment Adviser (RIA) to further our ability to help members of our community realize their financial goals.
WHY THE CHANGE AND WHY NOW?
As we’ve relayed to our clients over the years, we unfortunately cannot control how the market performs over time. There are however two very important things that we have limited control over:
The amount of risk our clients take with their hard-earned savings
The cost our clients pay to access investments in their portfolio
As long as we manage the two above correctly, this gives our clients the best chance to fulfill their financial goals. Creating our own RIA allows us to lower the total costs our clients pay for their portfolio. By reducing the total “cost” associated with each account, more of our clients’ dollars can stay invested over time! In the ever changing landscape or financial planning, any time that you can significantly reduce costs, without taking away benefits or services, clients have a better chance to succeed.
WHY DID WE LEAVE OUR FORMER FIRM?
I have a great deal of respect for our former firm, and this move was not an indictment. Collectively Aurora Financial Strategies and Gettings Reed had grown to a place that we were able to negotiate a better cost structure for our clients. By partnering with some of the largest firms in the investment management space, TD Ameritrade, Orion, Redtail, Riskalyze, and Charles Schwab we will still deliver a first class level of service at a cost structure that specifically fits our firm and our firm’s clients.
WHAT CHANGES, AND WHERE DO WE GO FROM HERE?
Previously, most of our client’s assets were held with NFS (National Financial Service), going forward we will be primarily utilizing TD Ameritrade. Existing clients will sign a form allowing the assets to transfer to the new custody arrangement. Existing clients will see a reduction in the total fees paid as a percentage of their account balance! Any new client coming to Aurora Financial Strategies from this point forward will also participate in the lower fees offered by our firm.
Thank you to everyone for all of the support! I truly believe creating this new firm allows us to continue taking care of our clients in the best way possible and continue striving toward our mission statement: TO HELP MEMBERS OF OUR COMMUNITY CREATE THE LIFE OF THEIR DREAMS, FREE FROM ANXIETY AND STRESS ABOUT MONEY.
Billy Cardwell is the Owner of Aurora Financial Strategies, a financial advisory firm based out of Kokomo, IN. He can be reached via email at billy@billycardwell.com. Investment Advisory Services are offered through BCGM Wealth Management, LLC, a SEC registered investment adviser. This blog does not constitute advice. This is not an offer to buy or sell securities. Advisor is not licensed in all states.
