Frequently Asked Questions

Yes, Drucker Wealth is a fiduciary, which means we have a duty to operate in the best interest of each and every client. Not all financial advisors operate under a fiduciary standard – and, while we think this should be the expectation for someone that handles your money, it isn’t.

The fact that we are a fiduciary is NOT the reason to hire us (it’s really the bare minimum in our eyes)...but you shouldn’t consider anyone that isn’t! Drucker Wealth is a Registered Investment Advisor (RIA) and all of our Lead Planners are CFP® professionals...both of which mean we are required to uphold the fiduciary standard.

As an aside: no advisor (or professional in any business, for that matter) is 100% free of conflict (you should probably run from anyone who claims they are) but we do our absolute best to minimize these conflicts and to always be transparent about those that are unavoidable when they are present.

We charge a bundled AUM fee for investment management, financial planning, tax planning & protection planning coordination. We believe charging one fee for a full service relationship is the best way of serving our clients.

We charge 1% on the first $1.5M we manage and .5% on every dollar after that. (This means our effective fee rate on a $3M portfolio is .75%). Our fee gets paid from your accounts on a quarterly basis and is calculated based on the value of your accounts on the last day of the quarter (adjusted for inflows & outflows.) You can see your fees on each quarterly statement.

Through our sister firm, Drucker Tax, we offer tax preparation for Drucker Wealth clients for an add-on fee. We may receive commission from the insurance elements of your plan we implement...we don’t think “outsourcing” any part of the plan, regardless of the payment structure, is in your best interest....and you will always know when this happens.

The truth is that it’s impossible to purely measure our value in dollars or cost savings...and all financial planners know this...whether they're willing to say this to your face or not is another question!

For sure, there will be some individual actions an advisor can take that can be measured in dollar savings or increased return (tax losses harvested, lower fund costs, less cash drag, Roth Conversion savings etc. ) but the vast majority of the value we provide can’t be measured so simply.

A big part of what we’re providing is peace of mind, confidence, and convenience. Those are quality of life improvements that are impossible to quantify and people assess these benefits differently. Our clients tend to prioritize their time, their relationships, and getting things done "right" above all else.

Only you will know whether you’ve gotten your money’s worth from working with a financial advisor. And in our experience, you'll know you did when it hits you that you no longer worry about money and you never wake up stressed that you might be "missing something."

Simply put, hiring us means having a rational & proactive approach to your money & a committed financial partner to coordinate your financial life....that's what you're paying for.

We wholeheartedly believe our value far surpasses our fee...but, ultimately, each client has to make that decision for themselves.

Yes.

We are a comprehensive, full-service firm- we believe we can only do our best work if we oversee ALL aspects of your planning: investment management, financial planning, and tax planning. As such, we do not offer “one-off” plan updates, hourly consulting, or any other ongoing planning structure without investment management as a component.

All of that said, moving your assets under our care does not mean you have to sell any of your positions. We bring over all New Client assets "in-kind" which means your portfolio comes over as is. We only implement changes after we've begun working together & you've approved your Drucker Wealth Personal Investment Program.

We do not have a minimum account size, but we do have a minimum household fee to ensure that all clients receive the same core services and to make sure our level of service & personalized attention never dips. This fee is currently $10,000 annually.

So, for example, if a client only has $750k of assets but wants to work with us, we would charge them $10,000 annually as a flat fee until they cross $1M of managed assets, at which point they will move to our regular fee schedule.

We are committed to providing all of our clients the top level of service and this means that, as capacity changes, we sometimes have to raise our minimum fees to protect our existing clients and our team from growing too quickly. We are committed to lowering our minimum as capacity expands.

We use well-known third-party custodians to custody & safeguard our clients’ assets.

We use Altruist LLC and Fidelity as our chosen partners.

Unlike advisors that work “for” a custodian (IE: they are a “Fidelity advisor) or work for a bank, insurance company or other big box firm...Drucker Wealth is an Independent Adviser and can partner with ANY third-party custodian, technology platform, or investment funds that we believe make the most sense for OUR clients. This freedom is empowering to Drucker Wealth and our clients as the moment we don't think a custodian partner is the best fit, we are free to move.

We believe that owning a globally diversified portfolio of equity (stock market) investments is the surest way to grow your wealth and outpace inflation and that the single most important decision an investor has to make is in their relative allocation to stocks compared to bonds, cash or any other asset class. We believe that markets are efficient and attempting to “beat’ the stock market through active stock selection is both impossible AND unnecessary towards reaching your investment goals.

We are therefore passive investors and are focused on increasing after-tax returns through tax-focused strategies like asset location, tax loss harvesting, custom indexing, and drift-based rebalancing.

We primarily use Vanguard & Dimensional Funds as our chosen investment funds because they are low-cost, tax-efficient, and have a proven track record.

Personal finance is a lot more personal than finance. The best tax strategies, investment vehicles, and estate structures don’t mean much if the cost of your goals outpaces your income, if your spending inflates higher than your saving rate, and if you’re constantly chasing the latest TikTok investment or tax fad!

We like to focus on what we can control and spend zero time thinking about what we can’t. As such, we do not prognosticate about the markets, individual stocks, or the next 6 months...we exclusively focus on saving & investing in ways that have stood the test of time.

Every client of Drucker Wealth works with a specific Lead Planner that serves as the point of contact and "go-to person."

Throughout the year, you will also be working with our tax team, our estate planning team, and our client service team to ensure that you experience the full scope of our services & expertise. But, fortunately, it's not your job to connect all of these dots!

Your lead advisor will be the Quarterback/Conductor (pick your metaphor) responsible for coordinating all the different elements of your financial program and ensuring it all happens smoothly.

We have been in the financial advice business (in one shape or another) since 1959, and we’ve had the same phone number for 3 decades. As such, we KNOW there are certain core philosophies, money stories, and timeless lessons that hold up over time.

Needing to meet in person is NOT one of them!

We conduct all our meetings over Zoom: We have clients (and team members) all around the country, and your financial planning portal is our “office.” The move to virtual meetings is a wonderful thing. You no longer need to work with the advisor who is “geographically convenient." Instead, you can work with an advisor who specializes in EXACTLY what you are looking for.