FAQs
Do you have an exit strategy to protect against losses in bear markets? What does it look like?
We do have a strategy in place to pull out of the market. It uses the 200-day moving average but adds several additional economic indicators that have correctly predicted bear markets in the past.
I'd love to go over our strategy in more detail and walk you through why the other factors are important, so please reach out to schedule a call or meeting.
We also offer several additional strategies to hedge against bear markets, such as CD or bond ladders, money market accounts, etc.
What would it look like if I brought my money over? What are the next steps?
Information: If you’re ready to get started, we need some basic information:
- Your Driver's License, a recent statement from each account you'd like to transfer, and some basic information.
- Let us know, and our team will reach out to help you find your statement online and guide you through the paperwork.
Verification: We'll set up a call with Michelle to review the basics and confirm everything.
Account Opening and Transfer: We'll open your accounts here and transfer the money directly, so you don't have to worry about anything.
- All assets will be transferred in-kind, meaning you will own the same assets here as you currently do. There will be no sales or trades, protecting you from potential tax consequences.
- No hassle, no awkward conversations: You don't need to call or notify anyone - we've got your back and will handle everything for you.
Confirmation and Strategy Review: Once the assets are transferred, we'll call to set up an appointment to review your investment strategy in-depth and discuss any necessary changes.
- We can go over your cash flow plan and projections during the meeting, or schedule a separate appointment to review your cash flow plan later.
What is this going to cost? Are there any fees associated with transferring assets to Insight Wealth?
We don't want you to feel like you're being nickel-and-dimed, so there are no fees on our end for setting up accounts or transferring assets.
Some investments (like CDs or mortgage-backed securities) require you to hold the asset for a specific period, but that’s why we transfer assets in-kind.
Can I just leave where I am? Didn't I sign a contract?
Your money is yours, and you are not bound to any one company or strategy. You are free to withdraw your money or transfer your assets to another firm at any time, as long as you are careful to transfer like accounts and be mindful of taxable events. Your advisor at the receiving firm will help guide you through the process.
As long as the paperwork is correctly completed, a firm cannot delay or reject a transfer request from a client.
What about you? Did you sign any kind of non-compete, etc.?
No, I have not signed any non-compete or similar contract with any other company in the finance industry.
I don't want to call anyone and tell them I'm pulling my money.
Don't worry - you don't have to contact anyone! Once we have your information, we will pull the money from our end, and your current firm will not be notified until the transfer is in process.
How much trouble is this going to be?
The entire process is easy, and once we have all the information, it should only take a few days from start to finish.
We've got your back - we'll walk you through the process and handle all the legwork for you, so all you need to do is provide your information.
Is there any reason to move now, or can I wait?
With the election coming up on November 5th, it looks like we could be in for a turbulent year. There are ways to hedge against risk that don’t involve sitting out market fluctuations.