What is

Financial Tailor helps you create an investment portfolio tailored to your exact specifications, all for free. For a fee that is about half the cost of a traditional adviser, we will set up and manage your portfolio on a ongoing basis so you can feel confident in your financial future. Unlike many robo-advisers Financial Tailor's clients each have their own adviser who they can speak to when they have questions or need help. Most importantly, we don't offer a one-size-fits-all solution for all our clients, each client has specific goals and ethical restrictions that we work hard to accomodate. If you're looking for an investment solution that is designed just for you without big fees then Financial Tailor is the right place for you.


    We believe that our incentives should be aligned with our clients, that is why we only offer fee-based asset management. We develop portfolios from scratch using individual stocks, bonds, and ETFs. We believe that you should have more control over your investments, but we also understand that you probably do not have time to manage them on a regular basis. That's where we come in. By filling out a quick questionnaire we can help identify a portfolio outline that fits your specific risk level. You can also let us know if there are certain types of companies that you would be uncomfortable owning. We provide a free portfolio outline, risk tolerance score, and access to our database of ethically screened stocks. There is no commitment to invest, but if you decide that we are a good fit, you can start with as little as $5,000.


Get Started or Contact an Adviser

 

Create Your Profile

Before we can customize a plan for you, we will need to learn a little about your risk tolerance, and if there are any types of companies that we should cut out. We consulted with experts to develop an appropriate risk tolerance model by answering as few questions as possible. We will need to know your timeframe, your financial situation, and your comfort level with price fluctuations. In less than ten minutes we will have a fully diversified portfolio outline made just for you, free of charge.

We Present Your Portfolio

Sample portfolio

One of our advisers will construct a portfolio for you, based on the profile you created in the first step. We select which stocks, bonds, and ETF's to invest in and then present you with a fully diversified portfolio composed of solid companies that match your specific criteria. We can answer any questions about the portfolio and make desired changes at this point.

Opening a Brokerage Account

If you liked your proposal and you are ready for us to begin managing your account, the first step is to open an account. We can help you determine which type of account is best for your needs, and we will send you an application. Our accounts are opened with our custodial broker Interactive Brokers and Financial Tailor is your adviser. For more details on opening your account click here.

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We Manage Your Portfolio

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Now that your portfolio is set up we can manage it for you. Sit back and relax while we continually monitor your account, make changes as neccesary and keep you on track towards your goals. We will send you detailed quarterly updates, but you can also log in and check your account any time. We don't believe that you should be locked in, so if you need to take your money out there are no hidden fees, simply let us know.

Why it's better here

    Financial Tailor is the best solution for anyone who wants professional money management, but who is not willing to pay the steep cost of an adviser who may not even have their best interests in mind. We believe that an adviser should feel priveleged and honored to manage your money, whether you have $5,000 or $5,000,000. We don't follow trends, we don't hide secret fees, and we always strive for improvement. We always put our clients first and will work hard to earn your trust and grow your wealth.

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    Financial Tailor's fees are drastically lower than a traditional full-service adviser. Since we are an online adviser we are able to keep your fees low by reducing our overhead. Low fees are not the only way that we save you money: our custodian broker is renowned for its low trading cost and best execution price. Using advanced algorithms our broker will route your order to the best price even if it is only a small improvement. Which means that when we make purchases on your behalf you can feel confident that we are directing them to the best possible price available. Low fees also mean that you get to keep more of your hard earned money.

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    Our advisers have a fiduciary duty to our clients. This is a key point, because not all financial advisers are fiduciaries. Fiduciary is derived from the Latin word for "trust". A fiduciary must act in the best interest of his or her clients even if those interests are to the detriment of the fiduciary. This is the core principle of our business. If you entrust us with your money we will work for your best interest, not ours.

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    We are constantly adapting and improving the security of your portfolio and your information. You can read our privacy policy to see how we use your information. Brokerage accounts are covered under Securities Investor Protection Corporation, which provides insurance coverage up to $500,000 for securities including up to $250,000 for cash. This coverage protects you in the event that our custodian broker fails. Additionally, our custodian has additional insurance coverage from Lloyd's of London for up to an additional $30 million of coverage.

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    Sure, you could go out and by an index fund and get the average market return, but with Financial Tailor your investments are customized to reflect your preferences. You could buy a socially conscious fund, but those funds are not tailored to your beliefs, but rather the beliefs of the portfolio manager. With Financial Tailor you can choose what types of companies You want. If you don't want to invest in cigarette companies, companies that do animal testing, gun companies, etc., we will screen them out of your portfolio. The entire point of the stock market is to allocate capital. So why shouldn't you allocate capital to companies that you like. The stock market is a powerful voting machine that, if used properly, can improve the world that we live in.

Frequently Asked Questions

Is there a minimum investment account size?
Yes, the minimum starting balance is $5,000.
Where is my money held?
All accounts are held in segragated brokerage accounts at Interactive Brokers. We chose Interactive Brokers for several reasons such as their low cost, superior technology, and their safety.
How are my investments protected?
In the unlikely event that Interactive Brokers were to become insolvent, all accounts are protected up to $500,000 by SIPC. Please keep in mind that SIPC protects against missing securities and cash and does not guarantee against a drop in stock prices or bad investments. Additionally, accounts are underwritten by Lloyd’s of London for another $30 Million dollars with a with a $900,000 cash sublimit. Click here for more information on how Interactive Broker’s protects your account.
What kind of accounts do you support?
Accounts can be single, joint, or business accounts. We offer Traditional, Roth, and SEP IRAs. We can support rollovers from 401k, 403(b) and most other retirement accounts. Our advisers are happy to assist with account selection and setup.
What happens to my money if Financial Tailor goes out of business or is acquired?
Your account remains in your own name at Interactive Brokers and you can withdraw or transfer your money as necessary.
Can I move my existing brokerage account to Financial Tailor without selling all of my shares?
Yes, your account can be transferred via ACATS and all of your securities will transfer over in kind. However, certain proprietary mutual funds may not be compatible. Your adviser will let you know if some of your positions are non-transferrable, in which case you will be given the option to cash out the positions or leave them at the old broker.
How do I fund my account?
You can fund your account by check, wire transfer, ACH, or ACATS. Your adviser will help advise you on the best way to proceed.
Can I make adjustments to my plan?
Yes, we encourage you to inform your adviser of any doubts that you have or any companies that you want to invest in.
How do I communicate with my adviser?
You can communicate with your adviser by phone, email, or face-to-face web meeting. For presentations, we prefer to communicate either by a face-to-face web meeting or by phone while you are looking at a presentation that we email to you.
How do I get my tax documents?
Interactive Brokers will report all tax documents to you. You can find them online via account management. If you have difficulty your adviser will help you.
Is Financial Tailor a mutual fund?
No, Financial Tailor is a Registered Investment Adviser. A mutual fund lumps client money into a collective investment vehicle to purchase investments. All of our investment plans are set up from scratch and are designed uniquely for you.

Details

    It's easy to get started with Financial Tailor. Your adviser will help transfer existing accounts and explain the jargon if you have never had a brokerage account before.

    In order to get started, we will need to know some basic information about you (you can read our privacy policy here). After you answer the questions in our questionnaire, our system will run a few calculations and provide a customized strategic allocation for you. This is simply a guideline that we use to decide how much of each different type of asset class should be in your portfolio. We provide explanations of the different types of asset classes and why we recommend the allocations that we do on your profile home page.

    On your profile page, you will also find something called the tactical allocation. This represents the active management that we provide. We use the tactical allocation to modify the strategic allocation due to changes in the market, this provides our advisers with the opportunity to avoid potential risks and capitalize on opportunities. We display our tactical changes on your profile as well.

    You may see a variety of pictures on your profile page. These pictures represent criteria that is excluded from your portfolio. For example, you may see a picture of a no smoking sign. If you click on the picture you will see a list of tobacco companies. When constructing your portfolio our advisers will not invest your money into these companies.

    The most important information on your profile page is your adviser's contact information. If you forget your adviser's contact information, it is always here so that you can find it. Our advisers will respond to your questions as soon as possible.

    After you complete your profile you will need to establish a managed account at Interactive Brokers. Interactive Brokers is a third-party broker that will serve as the custodian for your investments. Interactive Brokers was chosen because it offers the best prices for clearing transactions and it has always been on the cutting edge of financial technology. To learn more about Interactive Brokers you can visit their website here.

    Your adviser will work with you to determine what type of account is best suited for you. We offer the following types of accounts:

    After determining the account type we will send you a brokerage account application. In order to be eligible for certain financial products you may need to meet minimum net worth or income requirements. If you have difficulty answering any questions your adviser will gladly help.

    After your account has been approved you will need to fund your account. You can fund your account through a variety of methods:

    Once everything is setup we will begin implementing your portfolio. We will execute transactions and manage your portfolio to fit within our models, while still keeping your unique situation in mind. You will receive quarterly reports from your adviser and you can be as involved as you want. You can rest assured knowing that we are managing your money with care and prudence.

    Over time you will likely develop an understanding with your adviser. They will be able to provide further customization to your portfolio.

    In the event that you would like to withdraw funds from your account you can use ACH to link your bank account directly to your Interactive Brokers account so you can withdraw cash when you need it. If you need money that is currently invested, there is a three day settlement period for any securities that must be sold as per SEC regulation.