Frequently Asked Questions
What is the cost involved and are there additional fees?
Our comprehensive financial plan is free. If you need to speak with an advisor, it is free as well. There’s no hidden cost! We don’t charge unless you decide to invest with Evisor. If you choose to open an investment account with us, the annual cost will be .25% of the assets you choose to have us manage.
How long will this take?
This process should take about an hour. The hardest part is gathering the required information. We advise gathering all income, expense and investment related statements beforehand to shorten the process. Once you have all the required information, the rest is easy.
Do I need to link my accounts?
In comparison to many other robo-advisors, we don’t require you to link your accounts in order to provide your financial plan. However, the more accurate the information you provide, the more complete our financial plan will be.
Why does Evisor need my personal information?
Evisor only needs your personal information if and when you decide to open an account with us. We will only ask for information that we are required to retrieve per SEC regulations.
Where will my money be held?
All Evisor accounts are help by Charles Schwab. Charles Schwab is the largest custodian for Registered Investment Advisors (RIA’s).
Can I speak to an advisor if I need one?
Yes, our advisors are available during business hours from 8.30am to 5.30pm MST. Outside of regular business hours, please send an email with your information and any questions you may have. Our licensed financial professionals generally respond within 1 business day.
How does the plan work?
Our Lifetime Financial Analysis is meant to analyze your financial position as it evolves over time. The plan works by factoring in assumptions about your assets, liabilities, income, and expenses on a current and future basis. We also make assumptions about inflation, your tax rate, wage growth, and expected retirement age; among others. In the end, Evisor evaluates the probability of achieving your objectives under different sets of assumptions and considers numerous scenarios that could adversely affect your goals.
What should I be planning for?
Our plan is designed to estimate the likelihood that you will have sufficient cash to support your retirement needs. However, Evisor can also help you plan for other occasions such as a home purchase or your child’s college savings.
Can I modify the plan in the future?
Yes, it is very easy to update the plan. You are not ‘locked’ into a plan. For instance, if you have a child and your expenses go up, you are easily able to go back and change your details.
Why do we ask for current expenses?
Our plan estimates your future needs based off of your current expenses. We understand they may change in the future and have built that assumption into our model. If you have any questions about how this assumption works, feel free to reach out to an advisor.
What is the Investment Process and how is the portfolio generated?
Evisor follows PRIM, a proprietary, internally developed process rooted in evidence based-science. It stands for Plan, Recommend, Implement and Monitor. Our investment process starts with a holistic view of your overall wealth.
The Plan starts when Evisor creates a comprehensive financial profile that identifies your needs, goals, constraints, risk profile and any unique circumstances. Our next step is to recommend a plan for the future; whether it’s a periodic savings plan or a strategic asset allocation plan. Implementation involves opening accounts, setting up deposits and executing the asset allocation. The last step is to monitor the plan through performance and risk reporting, and when necessary, use tactical rebalancing and strategic reallocation.
What investments does Evisor offer?
Evisor utilizes a systematic approach when selecting investments and managers. Low-cost, highly-diversified mutual funds form the core of our portfolios. Evisor also offers a wide array of products dependent on the nature of your needs. The main thing to note is that we’re not an active investment company. That means we’re not stock pickers and we do not try to time the market. We seek to optimize your portfolio allocation to deliver the returns needed to support your goals.
Does Evisor have SRI or ESG portfolios?
Coming soon, Evisor will offer additional portfolios that have ESG characteristics. Environmental, Social and Governance investing includes environmental, social and governance factors along with financial factors. It is also known as Impact Investing or Socially Responsible Investing (SRI). The investments seek companies that have a positive environmental or social impact, among other issues. For example, ESG investing may not invest in companies that are large polluters to the environment.
What type of accounts does Evisor offer?
We offer retirement accounts and taxable accounts. Our licensed advisors are also able to consult on your existing accounts, including employer sponsored retirement accounts and education accounts such as a 401k or a 529 plan.
What asset classes do we invest in?
By and large, our portfolios will invest in a broadly diversified portfolio of US and international securities. However, depending on your financial and risk profile, we potentially will include other asset classes such as Real Estate, Preferred Equity, Master Limited Partnerships, Business Development Company’s, and High-Yield securities.
What are the benefits of diversification?
Diversification has been called the only free lunch in investing because the risk-reducing benefit of diversification is grounded in mathematics and statistics. Beyond asset classes, Evisor diversifies exposure across asset type, geographic market, fund and manager. However, diversification is not just about risk reduction. Investment research conducted over several decades suggests that the vast majority of returns available from investing can be captured through asset allocation. Evisor incorporates this research into our portfolio construction process, maintaining strategic exposure to a broad array of asset classes rather than attempting to pick winners and losers.