McAvoy Kemp Wealth Management, LLC:
McAvoy Kemp Wealth Management, LLC (MKWM) was established in 2002 and is registered as an Investment Adviser with the Investment Advisers Act of 1940. MKWM falls under the supervision and regulation of the Securities Exchange Commission and the Indiana Secretary of State’s office Securities Division. McAvoy Kemp Wealth Management, LLC is a closely held company that is owned and operated by Jim D. Kemp and Cheryl A. McAvoy.
Guiding Principles:
- Life is based on trust and to be absent of trust is to be absent of value.
- Anything of lasting value in life requires continuous focus, time, and energy.
- To honor our stewardship responsibilities with the liberties that we have been given.
Corporate Values:
- Independence
- Integrity
- Conviction
- Stewardship
- Legacy
Our Vision:
Our vision is to focus on sustainability as an advocate for our clients moving through the process of providing coaching, education, and advice while being mindful of our fiduciary responsibilities.
Our Approach:
To embrace a proactive, critical thinking, holistic, qualitative and quantitative process.
Our Investment Philosophy:
When people are asked what era they are currently living in, most will respond with either the technological or information age. We, on the other hand, tend to agree with the few that believe the technological and information age is behind us and believe that today is the age of intelligence.
In order to stay true to our approach, vision, philosophy, values, and guiding principles, we constantly remind ourselves of the amount of time and energy it takes to accumulate sufficient capital in order for our clients to maintain a sustainable standard of living throughout their lifetimes. We also acknowledge that whether a client has $500,000 or $5,000,000, both amounts are as equally important to each client regardless of the size of the account.
We also acknowledge and accept that there isn’t a perfect investment approach. Our belief is that no one has the ability to consistently predict the future. Because if one could, then why hasn’t anyone been able to consistently and accurately predict the winner of the Indianapolis 500 (33 drivers) or the NFL Super Bowl (32 teams).
Therefore, our approach is not about chasing returns but instead is about managing risk. Risk is measured by standard deviation and is mitigated through the use of correlation coefficient. There are several differing approaches’ used in today’s investment world – strategic verses tactical asset allocation, active verses passive investing, and fundamental verses technical analysis. While they all have their own merit, none of those varying approaches are going to consistently outperform all of the global markets.
In short, our investment philosophy is simply focused on sustainability. While each client’s situation is different, the core issue with their own personal situation is having a sustainable standard of living over their life expectancy. Sustainability takes into account more than just historical, expected, realized, and required return. It must also include forecasting annual expenses as well as using realistic assumptions for inflation, taxes, and especially investment return. At McAvoy Kemp Wealth Management, LLC, we are about creating certainty in an uncertain world.
Fiduciary Standard
McAvoy Kemp Wealth Management, LLC is a Registered Investment Advisor and is registered with the Indiana Secretary of State Securities division under the Investment Advisers Act of 1940. The Investment Advisers Act of 1940 holds those registered with the act to a fiduciary standard. The U.S. Department of Labor has recently defined fiduciary as one of “impartial conduct” which means:
- Duty of Care: The duty to act with care, skill, prudence, and diligence (a “prudent person” standard).
- Duty of Loyalty: Includes three key responsibilities
- Undivided loyalty – to act without regard to the financial interests of the financial advisor, its firm or its affiliates.
- Reasonable compensation – to ensure the compensation received is not excessive relative to market value of benefits by the client; and
- Accurate communication – to not make misleading statements about items such as fees, risk, or conflicts of interest.
Custody of Assets
In order to provide ongoing discretionary asset management services, a financial custodian is required to provide custody of one’s assets. McAvoy Kemp Wealth Management, LLC does not take custody of our client’s investable assets. Instead, we have a legal agreement in place to work alongside with Fidelity Clearing & Custody Solutions.
Fidelity Clearing & Custody Solutions provides a comprehensive clearing and custody platform, brokerage services, trading capabilities, and practice management and consulting to registered investment advisors (RIAs), including strategic acquires and professional asset managers, as well as retirement recordkeepers, broker-dealer firms, banks, and insurance companies through National Financial Services LLC (NFS) or Fidelity Brokerage Services LLC, Members NYSE, SIPC. In addition to providing services to third-party institutions, the NFS brokerage platform supports all the clearing and custody businesses at Fidelity, including Fidelity’s retail and capital markets businesses, bringing NFS assets under management administration to $3.1 trillion.
Fidelity Investments is an independent company, unaffiliated with McAvoy Kemp Wealth Management, LLC. Fidelity Investments is a service provider to McAvoy Kemp Wealth Management, LLC.
There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity Investments, nor is such a relationship created or implied by the information herein. Fidelity Investments has not been involved with the preparation of the content supplied by McAvoy Kemp Wealth Management, LLC and does not guarantee, or assume any responsibility for, its content.
Fidelity Investments is a registered service mark of FMR LLC.
Fidelity Clearing & Custody Solutions provides clearing, custody, and other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC
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Asset Management Services
As an Investment Advisor, McAvoy Kemp Wealth Management, LLC believes that our responsibility to our clients is to manage risk by leveraging the resources that we, as an organization, have available.
- Personal individual service
- Account set-up and service
- Security selection and asset allocation
- Portfolio modeling and rebalancing
- Monte Carlo simulation
- Trading and account servicing
- Monthly statements
- Quarterly performance reporting
- Annual required minimum distribution calculation
- Monthly systematic distribution
- Check writing and ATM debit card
Investing and Trading:
- Brokerage account – The Fidelity Account®
- Brokerage and cash management
- The Fidelity Account® for Business
Qualified Accounts:
- Rollover IRA
- Traditional IRA
- Roth IRA
- Roth IRA for Kids
- Inherited IRA
- Inherited Roth IRA
- SEP IRA
- Self-Employed 401(k)
- Simple IRA
- 401(K) plans for business
Investment Choices:
- Stocks
- Exchanged-traded funds (ETFs)
- Bonds and certificate of deposit (CDs)
- International investments
- Mutual funds
- Options
- Precious metals
Institutional Separate Managed Accounts:
- Access to more than 250 institutional-level asset managers
Securities offered through Cambridge Investment Research, Inc, a Registered Broker-Dealer, Member FINRA/SIPC
Investment Advisory Services offered through McAvoy Kemp Wealth Management, LLC, a Registered Investment Advisor
Cambridge Investment Research, Inc and McAvoy Kemp Wealth Management, LLC are not affiliated
This communication is strictly intended for individuals residing in the states of Alabama, Arizona, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, New Mexico, Ohio, Pennsylvania, South Carolina, Tennessee, and Wisconsin. No offers may be made or accepted from any resident outside the specific states referenced.
