Given my financial situation, should I choose an investment advisory service? Why or why not?
Choosing an investment advisory service depends on your specific financial situation, goals, and needs. Dignitary Financial offers personalized financial planning services that can address various aspects of your financial life, such as cash flow management, debt management, retirement planning, and more. If you require comprehensive guidance to align your financial goals with a strategic plan, our services might be beneficial. However, if you only need targeted advice on specific issues, our hourly financial planning service could be a better fit.
How will you choose investments to recommend to me?
Dignitary Financial bases its investment recommendations on your financial status and goals. We use fundamental analysis to analyze publicly-traded companies. Since we do not take custody of client assets or exercise discretionary authority, you will make the final decision regarding the purchase or sale of investments.
What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?
All representatives of Dignitary Financial hold at minimum the SIE (Securities Industry Essentials), Series 63, and Series 65 licenses. These qualifications are essential for providing investment advisory services. The SIE license demonstrates basic industry knowledge, the Series 63 license covers state securities regulations, and the Series 65 license qualifies individuals as investment adviser representatives. These licenses ensure that the representatives meet regulatory standards and possess the necessary knowledge to provide financial advice.
Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
Dignitary Financial charges a flat fee for comprehensive financial planning, which includes a one-time fee of $890 plus a fixed fee based on complexity and estimated hours required. For hourly financial planning, the rate is $200 per hour. If you choose a comprehensive financial plan, the fee will be deducted from the initial amount, reducing the total amount available for investment. For example, if the total fee for the plan is $2,000, only $8,000 of your $10,000 would be available for investment after fees. Additionally, since Dignitary Financial does not exercise discretionary authority over client accounts, the final investment choices are made by you, the client.
How might your conflicts of interest affect me, and how will you address them?
Dignitary Financial operates on a fee-only basis and does not receive commissions or compensation from third parties. However, the flat fee structure might create an incentive to recommend more frequent consultations or additional services. We address potential conflicts by acting in your best interest and providing transparent information about our fees and services.
As a financial professional, do you have any disciplinary history? For what type of conduct?
No, there are no legal or disciplinary events that are material to a client’s or prospective client’s evaluation of Dignitary Financial’s advisory business or the integrity of Dignitary Financial’s management.
Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer?
Your primary contact person is Anibal Mustelier, who is the owner and representative of Dignitary Financial, an investment adviser.
Who can I talk to if I have concerns about how this person is treating me?
If you have concerns about how this person is treating you, you can still contact Dignitary Financial directly at (240) 423-4480 or via email at [email protected]. Additional information is also available on the SEC’s website at adviserinfo.sec.gov.