California independent financial advisor SK Capital has launched a specialized pension planning service for physicians, offering them a way to cut down the management costs of their 401(k) plans.
Anaheim, United States - August 3, 2021 /PressCable/ —
SK Capital Wealth Management (SK Capital), an independent financial advisory firm in Anaheim, has launched a pension planning service targeted at physicians. It is designed to address the issue of high fees that are being charged by many 401(k) plan managers.
More information is available at https://www.skcapitalwealth.com
The newly announced offering can help solo and group practices reduce the amount they are paying for 401(k) administration. This is essential as many in the medical field are unknowingly compensating numerous third-party entities that are involved in managing their assets.
Unlike other providers, SK Capital deals only with Charles Schwab, which is an all-inclusive financial services company. Working with a company with vast capabilities eliminates the need for outsourced custodians, who further add to the total cost.
The company also specializes in risk management, promptly informing clients of the risks that could affect their portfolios and formulating the appropriate mitigation strategies. Moreover, it can provide reports on investment performance and other areas of improvement.
Collectively, these services can reduce one’s management fees by as much as 50% annually, which could translate to thousands of dollars over the span of a physician’s long career.
Despite enjoying higher-than-average salaries, some doctors retire with a net worth under a million dollars. Those who have no retirement plans yet can take advantage of the company’s specialized service to make sure they achieve their income goals once they stop practicing.
Established by a fiduciary, SK Capital has a legal responsibility to act with the best interest of its clients in mind. Its fee-only business model ensures clients that the firm is not receiving a commission for its advice.
A Business Insider report stated that most account management fees may seem small at first but could cost hundreds of thousands in the long run. Unfortunately, only a small percentage of Americans are aware of these charges.
According to SK Capital, most of the fees being collected by third parties are deducted from the client’s assets, hindering the growth of the investments involved. “With an advisor-run plan, you can bring down the costs lower,” it said on its website.
Further details about the company’s capabilities and other offerings can be found at https://www.skcapitalwealth.com
Contact Info:
Name: Sammy Khalil
Email: Send Email
Organization: SK Capital Wealth Management
Address: 581 South Gilbuck Drive, Anaheim, California 92802, United States
Website: https://www.skcapitalwealth.com/
Source: PressCable
Release ID: 89040068
