Frequently Asked Questions
What is a Registered Investment Advisor?
A Registered Investment Advisor (RIA) is a person or firm who advises individuals (clients) on investments and manages portfolios. An RIA has a fiduciary obligation to put its clients’ interest first and is paid to offer advice or an opinion on securities or other investments. In this case, Patrick Mauro Investment Advisor, Inc. (PMIA) is a firm.
What fees will be charged to me?
PMIA is a firm that is only compensated by charging an annual fee based on a percentage of assets under management. For example, if your portfolio contains $100,000, and your annual fee was 0.75%, your annual payment would be $750. PMIA bills this annual fee quarterly, so each payment is one-quarter of the annual fee (in this case, 0.1875% or $187.50). PMIA is not a broker-dealer and does not operate on a commission-driven basis or market third-party products.
What makes PMIA different from other investment advisors?
Experience, transparency and customer service. PMIA has over seven decades of accumulated experience and wisdom in markets. Additionally, you are not just a number to PMIA – you are our family, friends, and neighbors. PMIA is your financial partner whose mission is to help you achieve their investment needs and objectives. We are always available to answer any of your questions.
What are the types of investments made by PMIA?
PMIA uses a mix of fixed-income (e.g. bonds) and equities (stocks) to build a portfolio based on your needs. The equities chosen are with a view toward long-term investing and not short-term speculation. However, PMIA has not and will not invest in companies with a core competency in (i) resource depletion such as fossil fuel extraction and deforestation, (ii) the manufacturing of firearms, or (ii) tobacco production and distribution. Please see our Capital Preservation and Income and Growth and Income pages to learn more about our investment strategies.
How do you decide what type of investment is best for me?
A PMIA advisor will discuss with you your specific risk tolerance and will determine a portfolio strategy based on your needs. Other factors such as age, employment and income are also taken into consideration. The strategy mix determined by your advisor will then be presented to you.
