Firm Description
GUTT FINANICAL MANAGEMENT , LLC was founded in 1987.
GUTT FINANCIAL MANAGMENT, LLC provides personalized confidential
financial planning and investment management. Advice is provided through
consultation with the client and may include: determination of financial
objectives, identification of financial problems, cash flow management, tax
planning, insurance review, investment management, education funding,
retirement planning, and estate planning.
Gutt Financial Management is strictly a fee-only financial planning and
investment management firm.
Principal Owners
Michael Gutt is a 100% stockholder.
Types of Advisory Services
GUTT FINANCIAL MANAGMENT, LLC provides investment supervisory
services, also known as asset management services. This may include the
active management of client assets or furnishing investment advice through
consultation.
On more than an occasional basis, GUTT FINANCIAL MANAGMENT, LLC
furnishes advice to clients on matters not involving securities, such as
financial planning matters, taxation issues, and trust services that often
include estate planning.
As of 3/4/2024, GUTT FINANCIAL MANAGMENT, LLC manages
approximately $134,188,936 in assets for approximately 45 clients.
Approximately $121,254,876 is managed on a discretionary basis, and
$12,934,060 is managed on a non-discretionary basis.
Tailored Relationships
The goals and objectives for each client are documented in our client
relationship management system. Investment policy statements are created
that reflect the stated goals and objective. Clients may impose restrictions on
investing in certain securities or types of securities.
Agreements may not be assigned without client consent.
Advisory Service Agreement
Most clients choose to have GUTT FINANCIAL MANAGMENT, LLC manage
their assets in order to obtain ongoing in-depth advice and life planning. All
aspects of the client’s financial affairs are reviewed, including those of their
children. Realistic and measurable goals are set and objectives to reach
those goals are defined. As goals and objectives change over time,
suggestions are made and implemented on an ongoing basis.
The scope of work and fee for an Advisory Service Agreement is provided to
the client in writing prior to the start of the relationship. An Advisory Service
Agreement includes: cash flow management; insurance review; investment
management (including performance reporting); education planning;
retirement planning; estate planning;
and tax preparation, as well as the
implementation of recommendations within each area.
The annual Advisory Service Agreement fee is based on a percentage of the
investable assets according to the following schedule:
0.2500% on the first $2,000,000;
0.2250% on the next 2,000,001 to 3,999,999;
0.1875% on the next 4,000,000 to 4,999,999;
0.1500% on 5,000,000 and greater
Although the Advisory Service Agreement is an ongoing agreement and
constant adjustments are required, the length of service to the client is at the
client’s discretion. The client or GUTT FINANCIAL MANAGEMENT may
terminate an Agreement by written notice to the other party. At termination,
fees will be billed on a pro rata basis for the portion of the quarter completed.
The portfolio value at the completion of the prior full billing quarter is used as
the basis for the fee computation, adjusted for the number of days during the
billing quarter prior to termination.
Tax Preparation Agreement
Tax preparation work performed separately from an Advisory Service
Agreement or a Retainer Agreement is negotiated separately. Eligible federal
and applicable state returns are filed electronically without an additional fee.
Asset Management
Assets are invested primarily in no-load and exchange-traded funds, and
individual exchange traded securities, usually through discount brokers. Fund
companies charge each fund shareholder an investment management fee
that is disclosed in the fund prospectus. Discount brokerages may charge a
transaction fee for the purchase of some funds.
Stocks and bonds may be purchased or sold through a brokerage account
when appropriate. The brokerage firm may charge a fee for stock and bond
trades.
A combination of stocks, bonds, mutual funds, and ETFs are purchased and
managed through our custodian at T.D. Ameritrade.
Termination of Agreement
A Client may terminate any of the aforementioned agreements at any time by
notifying GUTT FINANCIAL MANAGMENT, LLC in writing and paying the rate
for the time spent on the investment advisory engagement prior to notification
of termination. If the client made an advance payment, GUTT FINANCIAL
MANAGMENT, LLC will refund any unearned portion of the advance
payment.
GUTT FINANCIAL MANAGMENT, LLC may terminate any of the
aforementioned agreements at any time by notifying the client in writing. If the
client made an advance payment, GUTT FINANCIAL MANAGMENT, LLC will
refund any unearned portion of the advance payment.