Questions

General

What does fee-only mean?
A fee-only adviser can receive compensation directly from you only and has no other source of compensation. This ensures that they represent your interests only and have no other conflicts of interest while recommending any financial products. They cannot receive commissions or markups from either a brokerage, insurance or a mutual fund company.

 

Does QuberaWealth have any incentive to recommend specific financial products?
No. Since we are fee only and do not get compensated by any other method, the financial products recommended by us are based on your financial needs. We sell advice, not products.

 

What does fiduciary mean?
As a Registered Investment Advisor, we are a fiduciary to our clients. This means that we have a fundamental obligation to always act in the best interests of our clients. We owe our clients a duty of undivided loyalty and utmost good faith. We disclose any activity that may present a conflict of interest with any client and take steps reasonably necessary to fulfill our obligations. We provide full and fair disclosure of all material facts to our clients and prospective clients.

 

How are my assets protected?
Your assets are held in a brokerage account that QuberaWealth creates for you at a large institutionally focused broker/dealer. Qubera Wealth Management may only provide trading instructions for this account. It may not access your cash or securities. The Securities and Exchange Commission (SEC) requires all broker/dealers to deposit client funds in a segregated, separate account.

Customer securities accounts at the custodian broker are protected by the Securities Investor Protection Corporation (“SIPC”) for a maximum coverage of $500,000 (with a cash sublimit of $250,000) and underĀ  excess SIPC policy with certain underwriters at Lloyd’s of London for up to an additional $10 million per account subject to an aggregate limit of $50 million.
For more information you can visit their website here.

 

What happens to my account if QuberaWealth were to go out of business?
In the unlikely event that Qubera Wealth Management were to go out of business, your third-party custodian would liquidate your holdings and distribute the proceeds to you. You own and control your account and we only have a limited power to place trades on your behalf.

Accounts

What type of accounts do you support?
Qubera Wealth Management supports individual investment, joint and trust accounts. Traditional IRAs, Roth IRAs and SEP IRAs are also supported.

 

Is there a lock-in period, and do I need to pay an exit fee?
We have an open ended contract with you, meaning we do not have a lock-in period for your funds, nor is there any exit fee. You can discontinue our services at anytime. You will only pay the custodian broker trade commissions to liquidate your positions.

 

Are my assets pooled with other funds?
No. All client funds are maintained in their individual accounts controlled by them.

 

How often is my account reviewed?
Your accounts are reviewed on a daily basis. We check account transfers, distributions, contributions are being done the right way. We also analyze all portfolios for asset allocation, re-balancing, performance review, and new opportunities on at-least a weekly basis.

 

How often do I receive statements?
You will have online access to your custodian account where they will provide you monthly statements showing you the balances, activity and positions for your account.

 

Do you have access to to my assets?
No. The brokerage holds your assets as a custodian. You have complete control of your account and assets. We do not have possession of your assets or the ability to withdraw assets from your account. You will never write a check payable to us. We will assist you in directly opening an account with the custodian. Based on our client agreement, we work with the custodian to have trading authority. The custodian deducts the agreed upon fees from your account based on our client agreement submitted by you.