A financial advisor is there to help you invest and manage your hard-earned money for whatever future goals you might have. Just like many other professionals, financial advisors’ style, results and costs may vary significantly.

If you have a legal problem, you would probably want to hire a lawyer, unless you have a high degree of legal expertise. If you have a medical problem, you would probably want to see a doctor unless you are a doctor yourself. If you want to remodel your bathroom, you would probably hire a contractor, unless you have the expertise and the time to do it yourself.

So unless you are very comfortable with markets and investing, and have the time and patience to manage your funds, it is a good idea to hire a professional.

Eureka Wealth Solutions utilizes the latest methodology and technology to create sensible and affordable financial solutions for our clients. We automatically allocate and manage your low-cost investment portfolio based on your risk profile. It may sound similar to the so-called robo-advisors, but we do not believe that one size fits all.

Many institutional investment managers would cost more, yet may be unable to fully customize your portfolio for various reasons. They may be constrained by a prospectus of their fund, being part of a larger institution may limit risk by imposing institutional mandates on portfolio allocations, and finally, their career and compensation may prevent them from taking the appropriate risk.

What sets us apart is the ability to provide you with a highly customizable combination of thematic and impact portfolios designed around your values and ideas, while keeping your fees low.

We offer wealth management services. That includes creating and maintaining investment portfolios across multiple account types, as well as some additional services such as tax harvesting and optimization. We also help our clients with all aspects of their financial lives such as tax planning, financial planning and estate planning.

Please note that we do not provide the following services:

• Real Estate transactions. We do not advise or execute individual real estate transactions. Please contact your licensed real estate agent.
• Brokerage Services. We are not a broker/dealer, but we work with several to execute transactions in your portfolio.
• Deposits, loans, credit cards. We do not have a banking license.

Please contact us if you have further questions.

• Individual or joint brokerage accounts
• UGMA/UGTA or Trust accounts
• Individual retirement accounts (IRA, Roth IRA, individual 401(k) or 403(b), SIMPLE IRA)

Please contact us for other types of accounts.

There is no minimum to invest, but there is a minimum annual fee. Please make sure to check out our Fees & Brokers page. Also, please bear in mind that each broker may have their own account minimum.

A fiduciary is a person or legal entity, such as a bank or brokerage firm, that has the power and responsibility of acting for another (usually called the beneficiary or principal) in situations requiring total trust, good faith and honesty.

In its most basic form, a fiduciary is an investment professional who must act in his or her clients’ best interests. Some, but not all, financial advisors are fiduciaries.

In practice, this generally means:

• The adviser uses an objective, documented process for evaluating and recommending cost-effective investment options based on a thorough understanding of each client’s unique investment objectives and risk tolerance.
• The adviser is paid directly by the client, usually as a percentage of the assets he or she manages for the client.
• The adviser receives no commission or other payouts from investment companies or funds recommended to clients.
• The adviser must minimize and disclose potential conflicts of interest that could affect his or her ability to serve in a client’s best interests.

Read more about it on Wikipedia.

We’re serving all 50 states and US territories, but you have to be a US citizen or permanent resident.

If you or any member of your household is affiliated with or employed by a member of a stock exchange or the Financial Industry Regulatory Authority (FINRA), you may be required to have that Associated Person fill out a Rule 3210 letter from their employer, which would allow you to open and maintain accounts at other member-firms by sending duplicate statements and confirmations.

Please contact the Member Firm’s Compliance Department and if required, a compliance officer should fill out a Rule 3210 letter and it should be submitted directly to your broker or to Passed Pawn Advisors by email at Compliance@EurekaWealthSolutions.com.

Please note that unlike brokerage accounts, advisor accounts typically do not have to be held only at the brokers pre-approved by the Member Firm.

An “accredited investor” is a person or entity with exclusive access to complex, loosely regulated and often opaque investments like hedge funds, leveraged buyouts and startups. To qualify as an accredited investor, according to Rule 501 of the Securities Act, a person must meet one of two tests:

1. Have an annual income of at least $200,000 (or $300,000 for joint income with a spouse) for the last two years with the expectation of earning the same or higher income in the current year; or
2. Have a net worth exceeding $1 million, either individually or jointly with their spouse, excluding the value of primary residence; or
3. Be a “knowledgeable employee” of the fund, with respect to investments in a private fund, or hold certain professional certifications, designations, or accreditations.

A qualified investor is a category of investors that are exempt from the provision of the Investment Advisers Act of 1940 that prohibits private investment funds from charging performance-based fees.

A qualified investor can be one of the following:

• A natural person who, or a company that, immediately after entering into the contract has at least $1,000,000 under the management of the investment, or;
• A natural person who, or a company that, the investment adviser entering into the contract (and any person acting on his behalf) reasonably believes, immediately prior to entering into the contract, either:
  1. has a net worth (together, in the case of a natural person, with assets held jointly with a spouse) of more than $2,000,000, or;
  2. is a qualified purchaser as defined in section 2(a)(51)(A) of the Investment Company Act of 1940 (15 U.S.C. 80a-2(a)(51)(A)) at the time the contract is entered into;
• A natural person who immediately prior to entering into the contract is:
  1. An executive officer, director, trustee, general partner, or person serving in a similar capacity, of the investment adviser, or;
  3. An employee of the investment adviser (other than an employee performing solely clerical, secretarial or administrative functions with regard to the investment adviser) who, in connection with his or her regular functions or duties, participates in the investment activities of such investment adviser, provided that such employee has been performing such functions and duties for or on behalf of the investment adviser, or substantially similar functions or duties for or on behalf of another company for at least 12 months.