Frequently Asked Questions
Find out the answers to some of our frequently asked questions.
Are we a fiduciary or a broker?
Where does Spotlight Asset Group operate?
We currently have eight offices and have nineteen employees that help us service hundreds of clients across the country. Click here for a complete list of all of our locations.
How do you determine the investment strategy for each client?
We start with a comprehensive planning process to help our clients develop a customized investment plan that is based on our proprietary investment strategies. We have an investment committee that constantly evaluates our strategies to ensure they are working effectively for our clients. Being an RIA also means that, when making such decisions, we must serve as a fiduciary and always act in your best interest.
What other services do you offer?
In addition to our investment management services, we also provide retirement planning, insurance planning, estate planning, tax planning and preparation, and corporate retirement plan services.
You focus on transparency, but what does that mean for me as a prospective client?
When we talk about transparency, we mean that we will be open, direct, and honest with you from the time we first meet and continuing throughout the relationship if you engage us as your investment adviser. When we first meet a prospective client, we provide them with our Initial Proposal Sheet, which discloses certain key information about our services, our fees, our duty to you, and any conflicts we may have.
What fees will I pay to Spotlight Asset group?
Spotlight Asset Group has a flat fee structure where, once you reach a particular threshold, every dollar is billed at that level. This fee includes all transaction costs for trades that we recommend and implement for clients. For more detailed information about fees you may incur, please see our ADV 2A and Wrap Fee brochures at www.adviserinfo.sec.gov.
What other products do you sell and what other fees do you receive?
As an independent, registered investment adviser (RIA), we typically can only be compensated for our investment management services by charging a single fee, rather than a commission for investment products that we sell.
Who will hold my investments and are they secure?
We do not have custody of our client assets. We work with large, independent custodians (typically Fidelity) where clients hold accounts in their own name. Clients then have access to monthly statements directly from these independent custodians. We request a limited power of attorney to direct the investments in your accounts according to an agreed upon Investment Policy Statement. We are highly focused on guarding your accounts and your data through our security protocols and those of our custodians.
How can I keep track of my investments?
You will have 24/7/365 online access to your investment accounts and you will receive quarterly performance reports from Spotlight Asset Group in addition to the statements you receive from the custodian.
How long has Spotlight Asset Group been in business?
We were approved by the SEC on April 28, 2017 and started working with clients at that time.