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Investment Management
Dollinger Management, Inc.
Summary of What We Do and Who We Are
We provide investment management, financial planning, investment
advice, and similar services. Our income is entirely based on fees for services
undertaken for you. We do not earn commissions. Therefore, we only care about
what is best for you.
Investment Philosophies
Investment management has built in risks or dangers. The stock
market can go down as easily as it can go up. In general, the greater the risk
the investor is willing to accept, the greater will be the profit over the long
term. In the short term, greater risk can destroy you. There can never be a
guarantee of what profit or loss to expect.
We manage each portfolio based on the profile
of the owner. We start with an in depth interview with our new client. We look
at ability to absorb risk, personal goals, age, income, etc. It may end up
taking several interviews. Based upon this assessment, we agree upon an
investment plan. We pick investments for each asset class (small cap, large cap,
etc) that meet the requirements of the plan, keeping in mind the income and
estate tax effect. We may choose mutual funds, stocks, bonds, etc. in U.S or
foreign markets. Our main focus, however, is with passive mutual funds.
We insist that all portfolios be well
diversified into many investments, with no single holding accounting for more
than a small percentage of the total portfolio. Diversification has been proven
to reduce risk. Before we use a mutual fund, it has to have a proven record,
have minimal expense ratios, and be no load. The use of class asset allocation
is standard among the better financial planners in the country. Investments are
in general held for long periods.
Trading, with occasional exceptions, is kept
to a minimum other than to balance the allocations among each asset class,
create cash for distributions, or to invest new contributions. Over the long
term, this approach has greater returns with less risk than does an approach
using active trading. We believe that attempting to time the market, and in
particular Day Trading, yields poor profits over time because of administration
costs and income tax effects. We rebalance each account on a quarterly basis -
as the market and your needs both can change. We reevaluate your risk profile as
often as you wish. We suggest annually.
Investment management services are billed as a
percentage of assets under management. The percentage is lower on larger
accounts. The fee is most typically about 1% per year split into monthly
installments. The fee is swept directly out of your investment accounts. Of
course, all investment advice and planning you might need would be without
additional charge.
We earn no money from any other source
than this fee. We do not earn commissions or referral fees and have no
financial interest in selling you a particular investment. Quite the opposite.
Qualifications of Daniel Dollinger
Certified Public Accountant, state of
oregon
Certified Financial Planner™
Professional
Certified Financial Board of Standards, Inc.
owns the certification marks CFP®,
certified financial planner™,
and federally registered CFP (with flame design) in the U.S., which it
awards to individuals who successfully complete CFP Board's initial and ongoing
certification requirements
Registered Investment Advisor (RIA)
Masters in Business Administration in Finance (MBA)
Bachelor of Science in Accounting/Finance (BS)
Twenty Years Experience in Accounting
A Loyal Client Base Earned the Hard Way, One at a Time
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