Frequently Asked Questions

We can usually have your account(s) set up and a portfolio purchased within 5-7 business days.

However, certain custodians or 401(k) plans could have extra forms to fill out to cancel or transfer your assets to Longhouse. That will delay the process.

Longhouse has a low $250,000 minimum according to industry standards.

If you wish to cancel service, there is no need to be embarrassed or to feel uncomfortable. The process takes a day. We simply remove ourselves from your account and pro-rate and deduct any accrued fees. There is no cost to terminate service and you may do so at any point in time and for any reason.

There is no catch. In fact, the U.S. Securities and Exchange Commission (SEC) requires that we disclose our fees completely in our Form ADV Part 2 We encourage you to review this document.

Our fees are 1.25% per year based upon total assets under management per account. There is NO set-up charge for your account. In addition to our fee, there are ETF fund fees that average less than 0.2% and there are trading costs, which average between $1 and $5 each time we rebalance your account. As of 11/2018, Interactive Brokers charges only $0.005 per share traded. So 1,000 shares would cost ~$5 in commissions.

At Longhouse Wealth Management, we know that for you to live well and retire with more, you must pay less in investment fees. Most investment managers charge fees of at least 2-4% per year. Because of our unique approach to IRA investing, our technology, and our focus on keeping overhead low, we can offer personalized, high-quality service at half the price.

There are two kinds of investment managers: an Investment Adviser, which we are, and big broker-dealers, such as those you will find at Merrill Lynch, Goldman Sachs, or UBS. As a Registered Investment Adviser under the Securities Act of 1940, we are required to act as a fiduciary, that is, to put your interests above our own and to declare any conflicts of interest that may arise. You can be assured that we construct portfolios to meet your goals and put your interests above all else.

Comparatively, a broker, or Registered Representative, not an Adviser, is required only to recommend investments that are “suitable” for you. Legally, he or she can put his or her own interests above yours when recommending investments.

Your money will be at Interactive Brokers in an account under your name. You will be able to log on to their site any time, day or night, and to check your account balance, and to download statements. Because of our partnerships with these firms, we are able to open accounts and buy and sell securities on your behalf, with your agreement, as part of our service. IB has ample government and private insurance covering your account.

All personal information given to us is held in the strictest confidence and protected under our written privacy policy. We are fully committed to safeguarding your information using state-of-the-art data security and encryption services. Our partners help us to maintain these security levels. We are also required by the SEC and State Administrators to comply with privacy laws.

Privacy Policy. As an investment advisor, we comply with strict, federally regulated privacy policies.

Form ADV 2A. We file an updated version of this document with the SEC each year. It describes our services, fees, and all practices which relate to our role as your fiduciary. The SEC requires that it be written in “plain English” so that it is easily understood by the average investor.

Investment Advisory Agreement This is our agreement that we sign with clients who wish to have us manage their IRA and/or investment accounts.