Convexity refers to the performance of a portfolio. Essentially, it is as a combination of performance that is limited on the downside when the market drops, but still benefits from the upside when the market goes up.

Convexity matters because the real-life benefit of a portfolio that is limited on the downside when the market drops, but also benefits from the upside when the market goes up is a portfolio that is more stable, consistent, and deliberate in its ability to achieve its goal.

Convexity doesn’t charge any fees for helping you to switch advisors.

Details on what you’re looking for will be helpful. This includes your long-term as well as short-term goals. Additionally, information pertaining to your financial background (including current assets and liabilities, income, insurance policies, and personal budgets) will be helpful to guide our initial conversation.

Our clients range in net worth and have various backgrounds professionally. We are happy to help everyone that we can and are not adverse to anyone or in anyway.

For the most part, the best time has always been to invest in the past. So, by default the best time to invest if you haven’t yet is almost always now.

Convexity’s fees are some of the lowest in the wealth management industry. Our fees are roughly 70% less than the average advisor’s or wealth management firm’s.

Unfortunately, the Tax Cuts and Jobs Act (TCJA) of 2017 eliminated the ability to deduct fees from investment advisors paid non-retirement accounts and taxable accounts.

There is a fine balance between having enough and having too much. Generally, you want to be sure that you have enough just-in-case money to cover a few months of your expenses. The rule of thumb is anywhere between 3 - 12 months (depending on your propensity for preparedness). You should maximize your return on this money though so putting it into a money market fund or other low-risk investment with a return near prevailing interest rates is a good idea.

Sometimes it can be a bad idea to invest during times of inflation and when interest rates are increasing, but if we look at the performance of the stock market over the course of 2023, it can also be a good time to invest.

Convexity’s client account custodian, the Vanguard Group, is a Member of SIPC, which protects securities of its members up to $500K (including $250K for claims for cash). What you should remember is that the SIPC does not protect against market changes in your investing account. Vanguard funds not held in a brokerage account are held by The Vanguard Group, Inc., and are not protected by SIPC. Brokerage assets are held by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC.

Convexity’s client account custodian is the Vanguard Group (Vanguard). Vanguard was founded in 1975 and is an American registered investment advisor based in Malvern, Pennsylvania, with about $7.7 trillion in global assets under management, as of April 2023. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs).

Convexity has limited agent authorization on its clients’ accounts. Limited agent authorization authorizes and limits the ability of Convexity Wealth Management to purchase, sell, and trade in stocks, bonds and other securities and contracts relating to the same; request that distributions from client accounts be payable to the client and sent to the client’s address or bank account of record; and obtain information on the client’s Vanguard mutual fund and Vanguard Brokerage Services account(s), including historical account information.

Through Limited Agent Authorization Convexity Wealth Management does not have the authority to change the address of record or bank information of the client’s account; transfer or invest assets into a different registration; redeem assets by phone, online, or by wire transfer to anyone other than the client or to anywhere other than the client’s address of record; use check writing privileges on the client’s account; add, change, or delete the beneficiary designations; sign a new account application or otherwise open a new registration on behalf of the client; sign any tax information or reporting form required by federal or state taxing authorities, including IRS Form W-9 and any substitute IRS Form W-9; and request distribution form a Vanguard Brokerage Option plan account.

Convexity is happy to help with the following account types: General savings brokerage account, Traditional IRA, Roth IRA, Rollover IRA (Traditional or Roth), SEP IRA, Simple IRA, i401k, 401k, Trust accounts, and more. If you have it, we are happy to help with it.