Frequently Asked Questions
Please click the questions below to discover the answers.
1. How is the advisor compensated?
I am a fee-only advisor, which means I don't sell financial products. Water Street Wealth Management charges you a quarterly fee based on your assets. You can check illustratively the fees that you will be charged in my form ADV. Fees are negotiable.
2. Is the advisor a fiduciary?
Water Street Wealth Management is a fiduciary and is legally obligated to act in your best interest.
3. Will I get a comprehensive written analysis of my financial situation?
At the start of your relationship, Jeff Schlotterbeck, CFP® will work with you to create a financial plan that is updated at least annually or anytime there is a major change.
4. How often can I expect the advisor to communicate with me about my investments?
Jeff Schlotterbeck, CFP® conducts quarterly portfolio reviews in person or over video conferences. He also sends you regular updates on markets and initiates contact if there are changes necessary to your portfolio or financial plans. In addition, you can reach out to Jeff Schlotterbeck, CFP® at any time if you have any questions.