Yes. We understand that our clients have varying needs and may want to be invested in multiple strategies simultaneously. Please talk to your Wealthjar advisor about this approach.
When you open an account with Wealthjar, you grant trading authority to Wealthjar and Schwab Wealth Investment Advisory, as an agent of Wealthjar, to buy and sell ETFs for your account based on the investment strategy we have chosen for you. You may not conduct trades in your account.
The unfortunate truth is that most DIY investors let their emotions get the best of them and try to time the market during major economic events. History has shown that this is an inefficient (losing) strategy and that most investors would have done better if they had just left their money where it was. At Wealthjar, we’re here to steady your game. We will help you stick it out to reap the long term rewards.
We have chosen to work with Charles Schwab & Co. as the custodian for your account because they provide:
- The Schwab Security Guarantee, so your personal and financial information is protected.
- SchwabSafe, a collection of security measures designed to keep your personal and financial information safe online.
A financial plan is a long-term strategy your advisor creates based on your priorities, goals, and financial circumstances. The goal of a financial plan is to enable you to live well in the present while providing a road map to reach future goals, as well as preparation for unexpected events.
Yes. Wealthjar is a federally Registered Investment Advisor with the Securities and Exchange Commission and we operate under the Investment Advisors Act of 1940. Under this law, we are held to a high standard of care as a fiduciary to our clients. Being a fiduciary means we must always act in the best interests of our clients.
As a fee-based advisor, we are able to align our interests with those of our clients. We never accept commissions for trades or other investment products
Re-balancing is when we buy and sell ETFS for your account based on your investment strategies. Rebalancing is necessary to restore your account to the proper asset allocation for your investment strategy when it may become unbalanced due to market fluctuations, withdrawals or contributions.
If your account contains $50,000 or more, you are eligible for our free tax loss harvesting program. Tax loss harvesting is where we generate tax losses in your account in order to offset potential capital gains. This results in a lower taxes on the potential capital gains in your Wealthjar account.
Once your account is created, you can make a deposit into your account via wire transfer, mobile check deposit, or transfer from another account.
You may also be able to fund your account with securities. For more on this, please consult a Wealthjar advisor.
In order to start investing with Wealthjar, you must deposit a minimum of $5000 into your account. If your account drops below minimum, we will notify you so that you can bring it back to the required balance.
If your account drops below the required minimum beyond our grace period of 30 days, or you fail to fund your account with the required minimum, we may choose to close your account.
Wealthjar is a subsidiary of The Rice Partnership, a wealth management firm with offices on Oahu, Maui and San Luis Obispo. Together with our parent company, the Wealthjar team offers over three decades of investment management experience, providing our clients with the convenience of a tech-driven, mobile platform and the expertise of an established firm with local and global resources.
Our investment objective is to preserve, enhance, and perpetuate our client’s wealth. Ultimately, we seek to maximize return within reasonable and prudent levels or risk. The approach taken will provide exposure to a wide range of investment opportunities in various markets while limiting risk exposure through prudent diversification. Finally, the costs of administering and managing the investments related to the strategy cannot be excessive.
In the end, we help our clients be good stewards of their capital.
Yes. You can easily transfer your existing IRA to Wealthjar. Please contact your advisor for more information on transferring your IRA to one of our cost-efficient portfolios.
Simply click on GET STARTED button and fill out the contact form. A Wealthjar Advisor will contact you shortly and walk you through the paperless enrollment process.
Wealthjar charges an annual fee of .50% (one half of one percent) of the amount you choose to invest. For example, if you invest $5,000, our fee would be just $25 per year.
Wealthjar fees are paid quarterly in advance. You can calculate your quarterly fee by multiplying the agreed upon rate per annum, multiplied by the market value of the account, divided by four.
Wealthjar makes expert professional portfolio management available for a lower fee than traditional wealth advisors. The paperless enrollment process and lower investment minimum makes setting up an investment account a breeze. Wealthjar also offers you unlimited access to your portfolio’s allocation, activity, and performance via any smart phone, tablet or personal computer.
Wealthjar utilizes Institutional Intelligent Portfolios, an automated investment management service sponsored by Schwab Wealth Investment Advisory, Inc. Using our unique Advisor Code, you can access your investment account a number of convenient ways:
- MOBILE – download the Schwab Institutional Intelligent App free from the Apple App Store (search “Institutional Intelligent Portfolios”)
- ONLINE – log into your online account at institutionalintelligent.schwab.com or through your Wealthjar client portal at mywealthjar.com
Your online account allows you to review your portfolio’s allocation, activity, and performance 24/7. You may also initiate deposits and withdrawals from your account at any time.
Wealthjar offers customized investment management and financial planning services.
After you have established an account with Wealthjar, you can conveniently make a deposit via wire transfer, mobile check deposit, or transfer funds from another account. Once your account is active, view your portfolio anytime via mobile app or through our online client portal.