Investment Management
Old Mission Investment Company is a fee-only investment management firm. This type of investment management agreement allows the client to compensate our firm based on an advisory fee rather than a brokerage commission. Old Mission Investment Company LLC provides flexible investment management services allowing for the purchase of stocks, bonds and mutual funds without commissions, sales charges or mutual fund loads.
As a fee-only investment advisor, we are paid as a percentage of the assets we manage. This allows us to provide our client with product-neutral recommendations across all facets of the investment management relationship. We have access to the entire universe of mutual funds, Exchange Traded Funds (ETFs), and separate account managers. Having this type of flexibility provides us with the ability to pick the 'best of breed' regardless of the type of fund or investment we are using on behalf of our client.
We have no proprietary investment products of our own and strongly believe that proprietary products benefit the company more than the client. Investment planning can be a one-way street when the end of the road is a pre-packaged proprietary product disguised as an 'objective' recommendation. Every recommendation we make is solely for your benefit, not ours.
Discretionary vs. Non Discretionary
Our firm offers a variety of different asset management programs. As client relationships are introduced, we have the option to use one of two investment management platforms for our client; Discretionary, or Non Discretionary investment management.
Discretionary investment management programs will delegate the daily responsibility of managing your investment assets to the advisor, or group of individual money managers. Discretionary investment relationships allow for changes to be made within the investment portfolio based on the decisions made by a money manager, or by your advisor. This type of relationship is generally a 'hands off' approach used by the client who prefers not to be involved in daily investment decisions with respect to their portfolio. Clients, however, provide guidance in terms of the allowable amounts of risk, the expected time horizon the investments are to be made, and any other considerations that would impact investment decisions.
Non-discretionary investment management programs will also delegate the daily responsibility of managing your financial assets to your advisor. However, each recommendation made by your advisor will ultimately have to be approved by the client. We have found that the majority of our clients have relied on our advice as recommendations have been made. This makes non-discretionary investment relationships less attractive in terms of operating efficiencies in the money management process. Since personal contact is required between our client and the advisor before any change, small or large, is made within the portfolio, this can lead to delays in changes being implemented in a timely manner.
As prudent investment advisors, it is our preference to monitor a finite number of individual securities on behalf of our clients. Through discretionary investment management, changes that need to be made are done in a timely manner, and reported to our clients on their monthly account statement with confirmations generated at the time of the change. This ensures timely reporting to our client, and assures our client that necessary changes are made based on the investment discipline within your portfolio.