No. While I am based on Long Island and primarily serve local families, I utilize a secure digital platform to work with clients nationwide.
I have selected Charles Schwab & Co., Inc. to serve as the independent third-party custodian for my clients' accounts. First Shelbourne is a fully independent Registered Investment Advisor; not employees of, or affiliated with, Charles Schwab & Co., Inc., who serves solely as our third-party custodian.
My fee for investment management is 0.50% (half of one percent) of your account value per year. This fee is broken down into four quarterly payments of 0.125% each that gets deducted directly from the investment account. This ensures that you are only paying for the exact time your assets are under my management. I bill in arrears, meaning you are only charged after the service for that quarter has been completed.
My standard minimum investment for a new client is $200,000.
Yes. I am registered in the State of New York. To ensure the highest level of security and professional accountability, I maintain comprehensive insurance coverage, including errors & omissions (E&O) and cyber liability insurance.
No. First Shelbourne is built around an independent, fee-only model with an emphasis on transparency and avoiding product-driven conflicts.