Pinsker Wealth Management, Inc. is the “doing business as” name for Jerrold “Jerry” Pinsker and Preston Neal – Investment Advisor Representatives and Registered Representatives with LPL Financial, a registered investment advisor, and the largest independent broker/dealer in the U.S. (as reported by Financial Planning magazine, 1996-2023, based on total revenue). We have chosen to partner with LPL because they provide us with the freedom to focus solely on your objectives and recommend only the investment strategies and solutions that we believe best serve your interests.

Pinsker Wealth Management’s headquarters are in Greensboro, NC, and we have a satellite office in Cambridge, MA. We serve clients in many other states, as well. We have the flexibility to work with our clients whenever and wherever is convenient for them – on Zoom, at their home or office, or at our Greensboro office.

After deciding to work together, we guide through our onboarding process. We’ll lay out a clear set of steps, and keep you updated throughout to let you know where you are and what to expect next. At this point in the process, your main point of contact will be our Director of Operations, Art Herzog. He will assist you with paperwork and administrative matters to get your accounts set-up. You can always call, text, or email any of us with questions, but Jerry or Preston will be your dedicated point person for ongoing financial advice and consultation. In addition, you will have access to an online client portal and mobile app where you can see all your accounts, track performance, and import external accounts to conveniently view your full financial picture in one place.

We charge a standard percentage of assets under management as our advisory fee, and do not upcharge for smaller amounts. Also, unlike other firms, we do not charge separately for consulting with you on a wide range of financial and estate planning topics (e.g., trust design, safety net analysis). We share our advisory fee with you upfront, and you have complete and ongoing transparency into what you’re paying, as well as your investment performance vs. relevant benchmarks. Where appropriate, we also offer commission-based solutions such as life and disability insurance.

To be able to provide an exceptional level of service and attention to each our clients, we generally prefer an initial investment of at least $500,000.

We are a boutique wealth management firm, which means we’re able to provide advice across different areas of your life beyond investment management, such as protecting you and your loved ones, providing estate planning guidance, and supporting your legacy planning goals. Furthermore, our investment portfolios are not “set it and forget it.” We are continuously analyzing our portfolios’ performance and adjusting where needed based on internal fund characteristics and external market conditions. We provide formal annual reviews for all our clients and are also available throughout the year for ongoing consultation.

Unlike “robo” advisors, we don’t believe in a one size fits all approach to investment management, because every client is different. However, we do aim to keep investment costs as low as possible, based on your objectives. We do use low-cost index funds in non-retirement accounts, due to their tax advantages. However, in retirement accounts, we typically prefer mutual funds, as their active management can help increase performance and diversification, and their annual capital gains distributions are not an issue given favorable tax treatment of investment activity in retirement accounts.

High Yield Savings Accounts (HYSAs) and Certificates of Deposit (CDs) gained in popularity after interest rates began increasing in the early 2020s, because retail investors started seeing higher interest rates in return for putting their funds in a less volatile vehicle. The challenge with these products is that if you’re in a higher tax bracket, taxes and inflation can quickly erode that interest because it’s taxed at ordinary income rates. Investments in securities such as mutual funds & ETFs, on the other hand, are typically taxed at more favorable capital gains and/or qualified dividend rates. In addition, when market conditions dictate, we use a high-yield U.S. government money market mutual fund to provide for higher yield than an FDIC-insured cash position, while taking advantage of the historical liquidity and stability of U.S. government high quality high-quality money market mutual funds. (Disclosure: CDs are FDIC insured to specific limits and offer a fixed rate of return if held to maturity, whereas investing in securities is subject to market risk including loss of principal.)

Unlike bigger firms that have huge rosters of faceless clients, we are selective in who we work with, because we are aspiring to be your trusted advisors for life. But, if things don’t end up working out for whatever reason, you’re under no obligation to continue working with us. Our goal is for you to get the advice you need to become financially resilient.