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Frequently Asked Questions

Read through the questions and answers by clicking on each of the questions below.

Which organization oversees and regulates your firm?

Cascade Wealth Advisors is a Registered Investment Advisor Firm regulated by the State of Washington Department of Financial Institutions. To verify the firm's status as a Registered Investment Advisor Firm, you may follow this link to the Security and Exchange Commission's Website here: www.sec.gov (The Securities & Exchange Commission Website)

Click the link to "Check out brokers & advisors" (under Investor Information), then "Research Investment Advisor Firms". The following page will allow you to do an "Investment Advisor Search", from here you can type in the firm name (Cascade Wealth Advisors), or search by CRD #158470. With the results you can follow the links to the firm form ADV filed with the SEC and view the firm registration status.

What type of authority will CWA have over my accounts?

As your Independent Registered Investment Advisor firm we will have the authority to:

  1. Make transactions in your TD Ameritrade Institutional account in order to allocate your investments according to your financial plan and the Investment Policy created for you;
  2. Request a check be sent directly to you, or a transfer be made to a like named account. No funds can be withdrawn or likewise transferred out in any other name except for your own. For example, TD Ameritrade will not send a check to "John Doe" at our request, but they will send one to you at our request.
  3. Deduct management and investment advisory fees from your accounts per our Wealth Advisory Services Agreement and Fee Schedule. Account debits in excess of the normal or usual investment advisory fees (noted in our form ADV which is on file with TD Ameritrade) are not allowed. TD Ameritrade has safeguards in place to prevent excessive investment advisory fee debits from being processed.
  4. View online, monitor and maintain, and discuss your accounts directly with you.
Are your fees deductible?

IRS Code Section 212 states that investment advisory and financial planning fees incurred may be deductible as miscellaneous itemized expenses to the extent that they exceed 2% of your adjusted gross income. Other miscellaneous itemized deductions which fall into the same category are fees paid for a safe deposit box, estate planning fees, tax preparation fees, attorney and legal fees, and more. So the short answer is fees paid for wealth advisory services may be deductible and we encourage our clients to ask their accountant or CPA about the deductibility of fees.

Do you hold my money directly?

Absolutely not. We will not take possession of cash or securities in any form for any time frame. We will however provide you postage paid envelope to forward checks and/or securities directly to TD Ameritrade, and of course provide you detailed instructions on the safest manner for funding your accounts.

Is my money safe at TD Ameritrade?

TD Ameritrade is member of the Securities Investor Protection Corporation (SIPC), the assets you have custodied are insured by SIPC up to $500,000 for each separate account including up to $100,000 in cash.

Such insurance DOES NOT protect your investment principal from market fluctuation or volatility; however it does provide an amount of protection in the event of your custodian going out of business.

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