Maidstone Wealth Management, LLC is a New York State Registered, Fee-Only Advisor
Maidstone Wealth Management works for you, the client, not to reach quotas or sell high-profit, proprietary products. As fee-only advisors, we do not receive any commissions for transactions, only an agreed-upon and fully-disclosed percentage of assets managed. This creates an alignment of interests for Maidstone and its clients which means that we provide conflict-free advice. The resulting objectivity allows us to make planning and investment decisions based solely on the appropriateness for the client and the merits of the investment.
We work to a higher standard of trust. Maidstone acts as a fiduciary to clients and adheres to a higher professional standard than many advisors and brokers who use a “suitability” standard. All of our actions are determined by what is in the best interests of the client. The suitability standard employed in the typical brokerage model allows high-commission and high-fee products to be sold for the benefit of the advisor or broker. There are no conflict-of-interest disclosure requirements when these advisors make investment recommendations, so you may not be aware of their incentives and you may have to do a lot of digging to determine your actual fees. Recent articles in the Wall Street Journal reporting on abuses can be found on our “Articles and Links” tab.
Maidstone provides the personal attention, competence and proactive counsel that you may not receive from other advisors and brokers. When you call us you are not subjected to exhausting menus or shuttled between departments. You either speak with your advisor immediately or you can leave a message and will hear back from us promptly. If you prefer email, you can be assured that your advisor will respond quickly. Should there be advice we believe will improve your financial situation, we will reach out to discuss it with you rather than waiting until the potential benefit of taking action has passed.