Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Commissions
Pinkerton Retirement Specialists, LLC Overview
Pinkerton Retirement Specialists, LLC is an investment advisory firm that has been providing financial advice since 2010. The firm is based in Coeur D'Alene, ID, and operates as a fee-based registered investment advisory firm. This means that clients of Pinkerton Retirement Specialists, LLC pay a fee for financial advice that is independent of any commission received on products sold. As an investment advisory firm, the services offered by Pinkerton Retirement Specialists, LLC are focused solely on investment advice. The firm provides financial planning and portfolio management services to both individuals and small businesses. Additionally, Pinkerton Retirement Specialists, LLC offers portfolio management services to businesses or institutional clients. One unique aspect of Pinkerton Retirement Specialists, LLC is their selection of other advisors. This service allows clients to choose from a network of approved financial advisors that meet the firm's standards for quality and professionalism. Overall, Pinkerton Retirement Specialists, LLC provides comprehensive investment advisory services to individuals, small businesses, and institutional clients with a focus on fee-based financial advice.
PINKERTON RETIREMENT SPECIALISTS, LLC caters to an array of clients, primarily including individuals, high net worth individuals, and pension or profit sharing plans. The firm has a vast experience in providing retirement planning, financial planning, investment management, and wealth management services that are tailored to its clients' varying needs and preferences. PINKERTON RETIREMENT SPECIALISTS, LLC offers flexible fee structures, allowing clients to choose the one that best suits their requirements. The fee structure is entirely dependent on the type of service provided. The firm offers multiple fee structures like percentage of AUM, hourly fees, fixed fees, and commissions. The percentage of AUM fee structure is based on the percentage of a client's assets under management. The hourly fee structure charges clients based on the time spent on their case. The fixed fee structure is a flat fee that the client pays upfront for a particular service. The commission fee structure is dependent on the type of investment being sold, and the fees are based on the value of the transaction. PINKERTON RETIREMENT SPECIALISTS, LLC's fee structures ensure transparency and cater to diverse clients with distinct financial goals and preferences.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for Pinkerton Retirement Specialists, LLC varies based on the type of service being offered. For their Comprehensive Wealth Management service, the minimum household account size is $500,000. If a client is interested in their ePortfolios service, the minimum household account size is $200,000, but they can also opt for the Comprehensive Wealth Management Services for an additional fee. It is important to note that exceptions to these minimums may be granted by PRS.
How This Office Can Help Spokane, WA Residents
Pinkerton Retirement Specialists LLC-Branch Location assists clients in Spokane, WA by providing customized retirement planning solutions that meet their specific financial goals and needs. The team of financial advisors at the branch location helps clients navigate through a variety of financial situations that they may face, such as planning for retirement, managing investments, protecting assets, and addressing potential tax implications. For someone living in Spokane, WA, they may face financial challenges related to the cost of living, healthcare expenses, and inflation. Additionally, some residents may have limited access to retirement benefits or pension plans through their employers, so they may have to rely solely on personal savings for retirement. Pinkerton Retirement Specialists LLC-Branch Location provides personalized financial advice and strategies to help clients plan for these challenges and create a solid financial foundation for their retirement years.
Services Offered by Pinkerton Retirement Specialists, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Pinkerton Retirement Specialists, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Unavailable
Subscription (Newsletter or Periodical)
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8 AM–4 PM
- Tue 8 AM–4 PM
- Wed 8 AM–4 PM
- Thu 8 AM–4 PM
- Fri 8 AM–4 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Pinkerton Retirement Specialists, LLC is registered to service clients in the following states:
- Alaska
- Arizona
- California
- Colorado
- Florida
- Idaho
- Minnesota
- Nevada
- Ohio
- Oregon
- Texas
- Utah
- Washington
Disciplinary History
Pinkerton Retirement Specialists, LLC does not have any disclosures. Please visit it's Form ADV for more details.