Individual Client Commitment
As your financial partner, our job is to provide individualized, customized strategies to help ensure that you achieve financial independence, security and freedom. Our clients are professionals, business executives, entrepreneurs, retirees, trusts, surviving spouses, spouses in transition from divorce and families, endowments and foundations who want to know that they are making progress toward achieving their financial goals.
As an independent, fee-only firm, Old Dominion Capital Management, Inc. does not receive commissions on any securities or products. Our independence means that we focus on selecting investments and appropriate strategies to uniquely serve each client. We work with other financial professionals, including CPAs and estate planning attorneys, to provide customized solutions for our clients. In short, our goal is to help our clients reach their financial goals, simplify the often confusing investment process and provide thoughtful guidance regarding financial decisions.
Investment Philosophy
We are long-term fundamental investors. We concentrate on helping clients meet their long-term objectives and believe that this is most reliably done over a several year time horizon by owning high quality investments in widely diverse asset classes. In client portfolios we incorporate equities, fixed income (both foreign and domestic), real estate and other asset classes using a mix of individual securities and mutual funds. We believe in using fundamental research to provide high quality portfolios that combine lower degrees of volatility with reasonable long-term results.
Investment Process
Because each client is unique, we begin by helping the client define their investment objectives and constraints. This process helps us devise specific strategies for each client and is dynamic over the life of the firm/client relationship. As client needs evolve, we make portfolio adjustments to match the changing client circumstances. Every client has a written investment policy statement that specifies the investment objective, risk tolerance, expected cash flows, asset allocation, and any circumstances unique to their situation, and this investment policy statement is regularly reviewed and updated.
As well as frequently reviewing client portfolios, we encourage contact with each client, including face-to-face meetings, so we may stay abreast of each client’s situation. Clients receive regular monthly brokerage statements as well as quarterly statements from Old Dominion Capital Management, Inc. All of these statements can be received electronically, and Old Dominion Capital Management, Inc. maintains a website with extensive client account information updated daily.
Charles Schwab & Co., Inc. has been selected as Old Dominion Capital Management, Inc.'s primary custodian. Clients receive regular monthly brokerage statements and trade confirmations from Charles Schwab & Co., Inc., as well as quarterly statements from Old Dominion Capital Management, Inc.
Technology
As a firm, we have embraced new technologies that allow our investment research, portfolio management and trading platforms to become more efficient and effective. The firm has frequently served as a beta test site for portfolio management software, internet based security trading systems, and the development of interactive internet websites for a national brokerage firm, as well as financial software development companies. While we have the research and technological capabilities of many larger firms, our smaller relative size allows us to provide a level of personal service and attention to clients that is sometimes difficult to find in many larger organizations.
Financial, Estate and Tax Planning
We take a comprehensive planning approach to analyze client resources, opportunities, needs and desires and to help clients make an informed decision on how to best utilize their resources. We will also evaluate other key areas that have a direct impact on a family’s financial situation. Areas in which we have expertise include:
- Retirement Planning
- Education Planning
- Asset Management and Tax Planning
- Risk Management (Life Insurance, Disability, Long Term Care)
- Estate Planning
- Executive Compensation and Stock Options
- Small Business Planning
- Charitable Giving
We will work with a client’s other consultants to help them execute the strategies that will help the client achieve their personal and financial goals.
Investment management fees at Old Dominion Capital Management, Inc., are based on market values of the assets under management. Fees are charged quarterly at an annual rate of:
- 1% on the first $2,000,000 of assets
- 0.80% on the next $3,000,000 of assets
- 0.60% on assets in excess of $5,000,000
- $6,000 minimum annual fee