The first step is to talk with one of our investment professionals to determine whether we are a good fit for one another. Once we agree that we can work effectively as a team, we will guide you through the steps to getting your financial matters in order and working toward meeting your life goals.
Particularly in these times of very low interest rates, few people have the ability to generate the investment income that they need from dividends and interest alone. Because the goal of generating adequate income must be balanced with the goals of offsetting future inflation, earning a high investment return, and protecting the portfolio value from both rising interest rates (falling bond prices) and falling interest rates (falling income), we take a “total return” approach to income generation. Using a very broad range of investment asset classes, we arrange for regular income distributions, replenishing the portfolio cash from dividend income, interest income, and realized capital appreciation.
It is important to employ an investment strategy that offers the opportunity for reasonable investment returns while reducing the possibility of disastrous investment results. The appropriate balance of risk and expected return differs according to each client’s specific circumstances. It is also critical to set sustainable spending targets and to regularly revisit the assumptions and unfolding realities that underlie those targets. That is why we create a lifetime spending plan for each client and keep it up to date.
No. We believe that investment management and financial planning are both critical parts of the service we offer, and our standard fee covers both.
We generally charge a minimum fee of $6,000 per year, which would be the standard fee on a $600,000 account. In certain circumstances we are willing to aggregate various family accounts to make this minimum easier to attain.
Clients are generally charged based on assets under management (AUM). With a minimum fee of $6,000 per year, clients are charged 1% of AUM for the first $2,000,000, 0.8% for the next $3,000,000, and 0.6% for AUM over $5,000,000.
We insist on offering professional and unbiased advice to our clients. As fee-only advisors, we are paid a percentage of assets under management and receive no commissions or mark-ups on transactions. We are rewarded for maximizing our clients’ assets, and our no-commission structure ensures that we are always working in the best interests of our clients.
Because we believe it is critical to making good financial decisions, we offer integrated financial planning services at no additional fee. These financial planning services work hand-in-hand with our diversified investment strategies. We work closely with accountants and attorneys to ensure that these advisors have the information they need to do the best job for our shared clients. We strive to be a central source of financial advice as we get to know our clients and develop long-term relationships.
We offer a full range of financial planning service and advice. This includes everything from retirement planning (both accumulation of assets for retirement and the sustainable distribution of retirement income), estate planning and wealth transfer, insurance and risk management, employee benefits, and charitable giving to advice on mortgage refinance, business transitions, trusteeship, and family financial dynamics.
At Old Dominion Capital Management, Inc., we believe investors benefit from being broadly diversified across many different asset classes, and we strive to increase this benefit by using some asset classes that are not closely correlated. We use broad diversification in an effort to provide high quality portfolios that combine lower degrees of volatility with reasonable long-term results.. Within this basic philosophy, we offer conservative growth, moderate growth, growth, and aggressive growth strategies according to each client’s desire for return and for risk avoidance. We also customize our investment solutions to account for individual circumstances.
We started our business in Charlottesville, Virginia in January of 1989 and now also have an office in Alexandria, Virginia. Although our offices are both located in the state of Virginia, we serve clients in over half the states in the U.S.