Question
What is the continuation plan for services should John be unable to serve in the future?
Answer
Patten Fiduciary Services has entered into a referral agreement with Marcy Ramos and Christian Ramos (Principals of MAR Wealth Management Services, LLC) to evaluate for acceptance successor fiduciary appointments, subject to the approval of those in authority (e.g. trust beneficiaries, co-trustees, account owner, et. al.) having the right to approve successor fiduciaries, as applicable.
Question
How are your services priced?
Answer
Trust Administration and Investment Management Account
These services are typically priced based on a percentage (typically 1% - 1.5% annually) of the value of marketable securities, i.e., “assets under management.” Unique assets (e.g. real estate, personal property/collectables, business interests) are normally priced subject to a reasonable hourly rate of charge.
Power of Attorney and Trust Protector
These services are priced on an hourly rate.
Guardianship
Guardianship services are based on the Florida Statutes and are subject to court approval
Personal Representative
(Estate Administration)
These services are charged in concert with Florida Statute 733.167
Question
What is your Investment Management Account offering?
Answer
Mr. Patten is an Independent Adviser Representative associated with MAR Wealth Management Services, LLC, a State (Florida) Registered Investment Adviser. MAR’s approach to investment management is in its design and management of customized portfolios.
MAR’s Approach
Organization. We will help bring order to your financial life, by assisting you in getting your financial house in order (at both the “macro” level of investments, insurance, estate, taxes, etc., and also the “micro” level of household cash flow).
Accountability. We will help you follow through on financial commitments, by working with you to prioritize your goals, show you the steps you need to take, and regularly review your progress towards achieving them.
Objectivity. We bring insight from the outside to help you avoid emotionally driven decisions in important money matters, by being available to consult with you at key moments of decision-making, doing the research necessary to ensure you have all the information, and managing and disclosing any of our own potential conflicts of interest.
Proactivity. We work with you to anticipate your life transitions and to be financially prepared for them, by regularly assessing any potential life transitions that might be coming, and creating the action plan necessary to address and manage them ahead of time.
Expertise. We will explore what specific knowledge will be needed to succeed in your situation, by first thoroughly understanding your situation, then providing the necessary resources to facilitate your decisions, and explaining the options and risks associated with each choice.
Question
Do you have a minimum size account?
Answer
PFS has not established a minimum size account as the pricing of services varies with the nature of the relationship, which can include several fiduciary services at the same time. A fee quote will be provided before any charges are incurred.
Question
What is the best way to learn more about PFS to determine if its services are right for me/us?
Answer
We recommend a complimentary, introductory call or meeting (in person or virtually).
For investment management, we offer a complimentary portfolio analysis.
If you have questions or would like to learn more please click the button below.
