Frequently
Asked Questions
- What
is an investment manager?
- Who
needs an investment manager--and why?
- When
do I need an investment manager?
- What
is Warnke/Nichols Ltd. and its mission?
- How
does Warnke/Nichols manage money?
- Why
should Warnke/Nichols be your investment manager?
- How
do I open a business relationship with Warnke/Nichols Ltd?
- Are
you a Registered Investment Advisor?
What is an investment manager?
An investment
manager is a professional to whom you delegate investment authority
within your guidelines, toward your financial objectives. It could
be a private investment firm, with which you develop a close personal
and business relationship, where you have a tailor-made portfolio.
Or it could be a mutual fund, an off-the-rack investment vehicle
in which you probably never meet the people responsible for investing
your money.
Investment
managers are compensated by taking a nominal annual percentage
fee based on your portfolio's value. It is a situation in which
the money manager's financial interests are aligned with yours,
unlike a stockbroker or financial planner whose commission compensation
creates a serious conflict of interest.
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Who
needs an investment manager--and why?
Individuals
-- who have accumulated or inherited wealth and wish to preserve
it, create an income from it, and/or pass it to heirs.
Companies
-- which offer participation in retirement plans (pension, profit
sharing, and 401k) as a significant employee benefit.
Nonprofit
organizations -- which need to fund grants and ongoing operations
through an endowment or charitable contributions.
These individuals,
families, officers, directors, trustees, and their advisors don't
have the time, interest, education, expertise, experience, or
temperament to manage their own or their company's investment
portfolio.
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When
do I need an investment manager?
If your portfolio is unmanaged, undermanaged, or you are dissatisfied
with your current advisor's service and/or results, you need an
investment manager NOW.
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What
is Warnke/Nichols Ltd. and its mission?
Warnke/Nichols is an independent privately owned registered investment
management firm that creates and maintains customized equity and
balanced accounts on a fee-only basis. Bill Warnke, CFA (56),
and Steve Nichols, CFA (49), business associates for the past
25 years, are the co-owners of the firm and fully responsible
for all investment decisions. They also hold the highly respected
Chartered Financial Analyst (CFA) designation, earned through
years of rigorous study and investment management experience.
Warnke/Nichols
mission is to provide individual and corporate clients with exceptional
long-term investment results consistent with preservation of capital,
through the consistent application of a value oriented investment
approach.
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How
does Warnke/Nichols manage money?
Through
separate privately managed accounts holding carefully chosen stocks
and/or fixed income securities in accordance with clients' unique
objectives and guidelines; the firm DOES NOT manage mutual funds,
funds of funds, annuities, partnerships, or any other "packaged
products".
As though
it was our own (which we manage in the same fashion as our clients'
money).
With the prudence,
patience, discipline, and skill that will yield exceptional long-term
investment results with a margin of safety.
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Why
should Warnke/Nichols be your investment manager?
We'll
make your capital grow over time using our proven value oriented
investment approach.
We'll preserve
your capital by creating a large margin of safety through discipline
with respect to price and financial soundness.
We'll give
you the personal attention and service you deserve.
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How
do I open a business relationship with Warnke/Nichols Ltd?
Value
investing appeals to common sense, but it might not be for everyone.
Cruise through our website, and if our investment approach makes
sense to you, call or write us. We welcome you as a long-term
business partner.
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Are
you a Registered Investment Advisor?
Yes.
Warnke/Nichols is registered with the Securities
and Exchange Commission. See also SEC
Form ADV, Part II.
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Read our other
Client Resources: Newsletters,
Portfolio Notes and the Library.
