Simplify Your Wealth Management
Through clarity, confidence & understanding, our team will guide you and your portfolio toward your life goals.
Through clarity, confidence & understanding, our team will guide you and your portfolio toward your life goals.
Gold Medal Waters works as a team-based financial advisory with over $70 million in client assets under management, across 85+ clients ranging from families, individuals, institutions, and retirement plans.
We’ve custom tailored a culture of professionals to help advise every aspect of your financial well being. Our “team-based” approach means a more hands on and intimate experience that brings clarity to your financial goals.
It’s a rule that sets us apart and that our clients have fully embraced. Compared to most single advisor firms that operate at a 100 to 1 ratio, our team-based approach offers a 20 to 1 advisor to client ratio, which offers:
It has a nice ring, but, where did it come from and what does it mean?
Well…its roots are quite simple. “Gold Medal” is the designation that the Colorado Wildlife Commission bestows on the highest quality trout habitats in the state. Colorado waters can earn the moniker only when they offer outstanding opportunities for trout to live and thrive.
In late 2003, when we began to design the firm, we searched for a name that would give a nice metaphor for the financial planning and investment services offered—the highest quality financial strategies to help our clients thrive.
Four months later, on an early season fly fishing trip, Gold Medal Waters drifted into view and our financial advisors were hooked.
Active investment managers try to predict which stocks and bonds will "beat" the market. This approach increases trading costs, takes more time, requires more research, and adds more labor. In essense, it costs more to you, the investor.
Passive investment managers, on the other hand, don't try to beat the stock market. Instead, they aim to capture the returns of the entire market while focusing on keeping costs low and diversification high.
Indexing and asset class investing are two ways to implement a passive investing approach. Although they have similiarities - such as a focus on diversification, low fees and tax efficiency - indexing and asset class investing are not the same.
The former, indexing, is designed to replicate the performance of a market benchmark, such as the S&P 500 - essentially, index fund managers buy a list of stocks licensed from the owner of the index.
While the latter, asset class investing, is based on asset classes and seeks to capture the performance of a specific market segment, such as small company stocks. This approach adds precision and flexible trading, and is driven by academic research.
On average, actively managed mutual funds cost more than index funds or asset class funds. These costs add up and reduce your return. In addition, active managers, by their strategy, tend to trade more often than index or asset class managers, thereby generating more capital gains for investors. If the fund is held in a taxable account, there can be higher capital gains to report each year.
Asset class investing is the core of our investment philosophy; it differentiates our firm from others. Compared to active investing, it has less fees and offers increased diversification and tax efficiency.
Although we always prefer and recommend asset class investing, our philosophy is not so strict that we would not allow a client to use index funds for implementation if that was their desire.
Does your current financial advisor get paid to sell you certain investments over others? Are they required to place your interests ahead of their own?
We believe that honesty, clarity, and trust must be present in an advisor relationship. Unfortunately, many advisors who offer “free financial advice” are often tainted by the need to sell you an investment product. The investments they recommend may be “suitable," but are often not in your best interest.
Our clients prefer us to consult on their financial concerns, not waste their time selling them on “how” a product would solve their problems.
When you work with our firm, you enter an environment where there is no commission or high-pressure sales. Clients pay us directly for our consulting, our advice and our management; This direct fee is the only compensation we receive. We don’t accept commissions and we don’t pay or accept referral fees. This eliminates conflicts of interest and ensures our advice is balanced and in your best financial interest.
As a registered investment advisor, Gold Medal Waters is committed to upholding the fiduciary standard of care required of firms of its type. We acknowledge our legal duty and our advisors fully disclose all fees, reveal any conflicts of interest and promise to select investments with our clients best interest in mind.
Investing can be an emotional roller coaster. Many people want to invest even more money at the moment of greatest potential risk and sell their investments at the moment of greatest potential opportunity. We’re here to stop you from acting when it is not in your best interest. We are here to take the emotion out of investing.
The Internet provides us with limitless information, so it is increasingly common for clients to come to us admittedly wondering if they could do the work themselves. Sure they can learn, but would it qualify as “expertise”?
If you have difficulty delegating, enjoy working alone, and have the want and belief that you have the expertise, then you may not need a financial advisor.
However, if you prefer to tap into a system that reduces your involvement, takes the emotion out of investment decision-making, and pushes you to make decisions to help you achieve your goals, then look no further.
Our advisors seek to develop long-standing relationships with the clients they serve. What’s the benefit to a long financial relationship you ask? It’s simple, knowledge. Your advisor will know your past, your present, and exactly what your financial goals mean to you.
We’re happy to answer questions and teach concepts. Yet sometimes, we become more of a guide helping you navigate today’s “buy now” mentality that produces financial confusion. Helping our clients decide what to do with the information at hand to help avoid emotional investment mistakes that can damage your financial wealth.
Call us anytime. At Gold Medal Waters, our mission is to help our Clients reach their financial goals by providing the best possible advice and service.
To do that, we’ve kept our firm small and personal – so we can focus on providing excellent service. When you choose to work with us, we promise to answer your questions and return your calls. We understand that your questions won’t just arise once a year. That’s why we’re here for you, not once a year, but all year long.
Gold Medal Waters belongs to the National Association of Personal Financial Advisors (NAPFA). NAPFA is the country’s leading professional association of Fee Only Financial Planners – highly trained professionals who are committed to working in the best interests of those they serve. All our firm’s wealth managers are Corporate Members of the association, while the firm’s principal, Matthew Kelley, and advisor Debbie Yeats are full NAPFA-Registered Financial Advisors.
The firm's president, Matthew Kelley, is also a member of the Asclepius Group. The Asclepius group is composed of NAPFA advisors who have a significant portion of their practice dedicated to serving the financial advising needs of medical professionals. The mission of the group, whose membership will be limited to NAPFA members (i.e., fee-only, fiduciary advisors) with a significant practice in the medical profession, is to collectively study issues that impact the financial circumstances of medical professionals and to draw upon the expertise of one another as we encounter issues in working with our medical professional clients.
We are not just financial advisors. We are mothers, fathers, providers, caretakers, and people with financial goals just like you.
We’ve assembled a team of professionals based on whom we would trust to take care of our own families’ investments. A specialized team that holds designations such as CERTIFIED FINANCIAL PLANNER™, Accredited Asset Management Specialist℠, Chartered Retirement Plans Specialist℠, Certified Investment Management Analyst®, Certified Private Wealth Advisor®, and even our very own M.D.
This process can be key to creating and maintaining your financial comfort. It can include:
We work to ensure that your wealth is protected against catastrophic losses, an extended illness or disability and identity fraud. Business owners might also want to consider strategies to protect their wealth and the value of their businesses.
Proper estate planning is the most effective way to help ensure that you are able to provide for the financial health and well-being of your family. It also can reduce or prevent much of the stress that so often occurs when heirs attempt to sort out a family member’s estate.
We help you fulfill any philanthropic goals you might have and maximize the effectiveness of your charitable legacy.
You need an approach that you can believe in and understand; one based on research, analysis and evidence – not luck or prognostication. Compared to the typical mutual fund portfolio, Asset Class Investing can offer:
Because you can’t control the market, you should make sure you have the highest probability of capturing market returns – which gives you the highest probability of being able to achieve your long-term plan and realize your most deeply held goals. We believe the way to do this is by using Asset Class Investing, along with the guidance and experience of a dedicated financial advisor.
Over the years we’ve learned that clients who are focused on their financial well-being often desire to know what investments they own and how those investments are performing.
We realize that all good relationships are strengthened with ongoing, clear, and open communication. So to help, we’ve created an in-depth reporting system that allows our clients to review standard monthly, quarterly, and annual reporting with online real-time access, along with consistent communication, and regular meetings.
We also offer 401k and Retirement Plan Management, as well as Investment Management for Foundations, Endowments and Non-profit Organizations. Please contact us for further information on additional investment services.
One of the most important components of a successful financial relationship is truly understanding who you are. Our unique Wealth Discovery process allows us to create a custom wealth management process based entirely on your individual needs.
This process is designed to uncover what is most important to you, both financially and personally. We analyze all major aspects of your financial life such as your full range of financial needs, your timeline horizon, income & liquidity needs, as well as your willingness to take risks.
We’ve created a comprehensive wealth management process that will help you define your personal definition of financial success and allow you to translate it into prioritized milestones.
To thoroughly understand your specific financial goals, we must first take a comprehensive look into your current financial position, including strengths as well as possible gaps and weaknesses.
We also analyze the composition, expenses, and effectiveness of your existing portfolio architecture to make sure that your goals and finances are aligned optimally.
Development is our second step in creating an open, honest dialogue about your financial needs, beliefs, expectations and concerns.
Based on our previous analysis, we develop a long-term wealth plan focused on taking you from where you are today to where you ultimately want to be financially.
This process will allow us to address any items that need clarification and make alterations accordingly based on any additional information.
The next step is the implementation of your new financial plan.
In addition to creating your investment portfolio, we work with a team of professionals to address all of the non-investment action items we’ve identified during our discovery. You will also receive an Investment Policy Statement (IPS), which documents what we have agreed to and assigns responsibility and accountability.
Your plan is never static; it constantly evolves. This is why we make our Wealth Discovery Process part of our ongoing meetings, to make sure your plan always reflects your life.
We will monitor your plan closely and provide you with clear and concise reporting. In addition, as financial markets rise and fall, your portfolio’s exposure to stocks, bonds, cash and other investments will tend to fluctuate as well.
Through ongoing rebalancing we will make sure your portfolio maintains its target allocations. This helps control the level of risk in your portfolio and minimizes emotional decision making.
To ensure a successful financial relationship, your initial call will be held with our firm’s president to review our process and gauge your specific needs.
This will allows us to form a team around your individual financial needs and goals, as well as give you an in-depth understanding of our firm's approach and strategies.
Exceptional personal service is not just our belief, it’s one of the many benefits our clients have come to expect of us, along with:
Today, Gold Medal Waters guides over 85+ clients totaling over $70 Million in client assets towards their dreams of financial success. From business owners to retirees, CEO’s to surviving spouses, medical professionals to entrepreneurs our team enjoys the complex challenge of managing your wealth.
While we have no minimum relationship size, our services typically work best for clients with liquid portfolios of around $1,000,000 or more.
Clients with greater than $3M in investable assets will pay a fixed annual fee based upon the complexity of their situation. Clients with more than $1M and less than $3M will pay a flat 1.00% of their portfolio value.
$1M to $3M
Greater than $3M
1.00% per year
Based on complexity
According to a recent study of industry fees, and through conversations with our clients, we believe that our fees are competitively priced based on the value of our services. As with any service or product, there will certainly be providers who charge less than we do.
If you are seeking to find the lowest cost provider, you may wish to review John Ruskin's Common Law of Business Balance before making your selection:
“There is hardly anything in the world that someone cannot make a little worse and sell a little cheaper, and the people who consider price alone are that person’s lawful prey. It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money — that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot — it can’t be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.”
Because we operate on a time, AUM & complexity system, the only fair way to correctly quote your needs would be to speak with you one-on-one. Without fully understanding your specific needs there is little to no way we could accurately asses your wealth management fee. Simply put, our fees are based on the assets we manage and the time spent with each specific client. With such a vast assortment of financial needs and goals throughout our 85+ clientele base, not all fees are alike.