FREQUENTLY ASKED QUESTIONS
You can also complete our 5-Minute Financial Plan to start planning for a better financial future.
Prior to starting any Chrisilis account, we have our prospective clients complete a detailed questionnaire with answers to these and other important questions, so that we may determine if Chrisilis is a proper fit for you, and what portfolio will best fit your goals and objectives.
You also have online access to your account at Charles Schwab through their Schwab Alliance portal.
Passive Management refers to the management style where fund managers choose investments in order to mirror the performance of an industry benchmark. As a general rule of economics, markets and industry benchmarks tend to move in a positive direction over a lengthy time horizon. Therefore, an index fund or exchange traded fund (ETF) that mirrors the performance of the benchmark will also tend to increase in value over the same time frame.
The ETFs offered by Chrisilis are an example of Passive Management; we seek to mirror the performance of the market, rather than outperform it. Studies have proven Active Management has failed to outperform the benchmark over any long-term time period. Investor can achieve better RESULTS by simply owning the index.
Individual, joint, and trust accounts are taxable accounts. This means that you will be taxed every year for any interest and dividend income or capital gains that you generate from these accounts at the appropriate tax rates (depending on the form of income that has been received).
Any type of retirement account (Traditional IRA, Roth IRA, SIMPLE IRA, SEP IRA, 401k) are non-taxable accounts. Any contributions, ordinary income, or capital gains for these accounts will not be taxed until such time that you make withdrawals from the accounts.*
*Income that is contributed to a Roth IRA has already been subjected to tax. Roth IRA withdrawals are therefore also tax free.
The SIPC offers up to $500,000 of protection per account, with a limit of $250,000 for cash. SIPC insurance is different from Federal Deposit Insurance Corporation (FDIC) insurance. Generally, bank accounts made up of cash are protected by FDIC. Brokerage accounts with securities that increase and decrease in value are protected by SIPC. Keep in mind, SIPC does not protect against a decline in value of your investments, just in the event the broker failed or committed fraud.
- Agressive – Admiral
- Progressive – Morpho
- Balanced – Monarch
- Conservative – Swallowtail
- Cautious – Lacewing
For more information on each of the different portfolios that we offer, please click here.
Please note, we encourage all clients to have a cash emergency fund to cover unexpected expenses or interruptions in income.
An investment in an ETF is undertaken with the assumption that the stock market in general always moves in a positive direction over the long-term. As a result, we can expect the value of an ETF (which mimics the market) to appreciate in value over the long-term as well.
A significant advantage to No Trading Cost is that even small contributions can be put to work without fees. A $50 monthly contribution can be completely invested without sending $5 or $10 just to purchase more shares of an ETF.
* Please note that Charles Schwab will assess their standard low commission rate to any securities that must be liquidated in order to begin a Chrisilis portfolio.
Expense ratios are re-calculated every year, and do not include either sales loads or any brokerage commissions incurred.
We monitor the expense ratios of all the funds in our portfolio regularly. We seek to utilize ETFs with the lowest cost while providing us the necessary exposure to the different asset classes in our investment portfolios.
Our aggressive portfolio will consist of a larger portion of assets with a higher risk but also higher expected return. The most conservative portfolio will be have a larger percentage in more stable assets, but also have a lower expected return.
For a more detailed explanation of the philosophy and goals of Chrisilis, please click here.
The strategy for Chrisilis includes investing for an extended period of time; by doing so, we are looking to significantly reduce (though not completely eliminate) this risk.
Snider Advisors and Chrisilis
Snider Advisors has created an income focused investment strategy that caters more to investors near or in retirement who will be taking distributions from their portfolios.
Chrisilis is designed for growth and investors contributing to their portfolio.
It is also possible for investor to fit into more than one of these categories due to their financial goals and objectives. We stress the importance to all our client that they find an investment strategy that meets their goals, objectives, and risk tolerance. We are happy to assist in this process with a personal financial consultation or by completing our 5-Minute Financial Plan.
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