Are you a fiduciary?
Yes, MPM Wealth Advisors are in legal and ethical compliance with the Fiduciary Rule. Acting as a fiduciary means putting clients’ needs and best interests ahead of our own.
What types of clients do you work with?
MPM Wealth Advisors serves individuals, families and company retirement plans throughout the country.
Who will I work with?
You will be working with your financial advisor and the client support team on an ongoing basis. If you don’t have an existing relationship with an MPM advisor, we can work with you to help make sure you’re matched with an advisor best suited to serve your needs.
Does your firm pick stocks and bonds?
As a general rule, MPM does not actively work to pick individual stocks and bonds for our clients. We focus on building well diversified portfolios based on our clients’ goals and objectives. Although not typical, we can build portfolios around individual stocks and bonds when certain client situations deem it necessary.
What will happen to my existing portfolio if I decide to work with MPM Wealth Advisors?
We are likely to recommend changes to your portfolio to improve it’s efficiency. This is determined on a case by case basis. Regardless of case, your advisor and transition team will facilitate the transfer of your assets from your current custodian to either Charles Schawb or TD Ameritrade.
What is a custodian?
MPM custodies your assets with Charles Schwab and TD Ameritrade. This means they are the holders and “safe-keepers” of your money, and they will provide monthly statements, trade confirmations and tax reporting.
What mutual funds do you use?
MPM has access to thousands of mutual funds. Among the funds we often utilize are funds from Dimensional Fund Advisors Inc. (DFA), a mutual fund-management firm in business since 1981. To learn more about DFA and our investment philosophy, visit our Investment Philosophy page.
How often will I receive reports from MPM Wealth Advisors?
MPM provides performance reports on a quarterly basis. You will also receive monthly statement from your custodian(s). Interim progress reports are always available at your request, and individual progress meetings with your advisor are highly encouraged.
How are you compensated?
MPM is a fee-based advisory, so we are only compensated by our clients. Our financial advisors do not receive compensation from any of our fund managers or on the investments we make. Should your estate plan require life insurance or annuities, commissions may be discussed.
As disclosed in our brochure, MPM participates in the institutional advisor programs of Charles Schwab and TD Ameritrade, in which they offer various services that help us manage and administer client accounts and grow our business, and that we may use to support our operations. Because our accounts exceed a certain threshold with a particular custodian, we also have an Additional Services Agreement whereby the custodian provides, without obligation to us, certain services. Please review our Brochure or ask a Representative for further information.
What are your fees?
Our fees are based on a percentage of assets under management.
What is included in your fees?
Our fee includes our consulting services, asset management, asset allocation, rebalancing and much more. If your situation requires additional services not included in our fee, these will be discussed with you before any services are performed.
Costs not covered by our fee includes things such as internal expenses of mutual funds and transaction costs. Clients may obtain further information about these additional costs from their MPM Representative, or from the Firm’s Brochure, the prospectuses of the mutual funds purchased for their account, and the client’s agreement with their account’s custodian and broker.
