Low Fee Index Fund Investing

One Day In July Financial Advisors

It's low priced.

Morningstar has shown there is a correlation between lower cost funds and better performance1. Many financial advisors will point out the importance of low costs, and then charge 1% or more for themselves, which we believe is too high2. For non-business level 401(k) or 403(b) plans, our fees can be found here. Unlike many financial advisors and brokerages, we are not being paid by anyone "on the back end" to sell you anything that is not in your best interest. Our financial advisors are fiduciaries.

Asset tiers include all accounts in a household combined. The minimum yearly fee is $550 per household, not per account (this is an overall minimum, not "in addition to" the percentage fee). Certain retirement plan accounts or 529 accounts are a flat rate 0.5% fee regardless of the household asset level.
When One Day In July manages a 401k plan, the fees above apply to the entire plan's balance, not to each employee. Non One Day In July fees are charged by, and paid only to, the custodian such as Schwab.
For further information regarding fees, please refer to our Form ADV Part 2A, Items 5A-5D.


We work across account types.

Most people have assets spread across different accounts. They may be 401(k)s, 403(b)s, savings, educational, taxable, or other types of accounts. One Day In July financial advisors can work across all of them. This gives us a holistic view of your financial situation and allows us to optimize for things like taxes.


No one pays us except for you. We are fiduciary financial advisors.

Amazingly, it is legal for mutual funds, annuities, and whole life insurance providers to pay financial advisors to sell you their products! This is a blatant conflict of interest. These extra fees are then passed along to you by the fund instead of by the financial advisor. The industry refers to them using the euphemisms "sales charges," "commissions," and "trails," but whatever the term, we believe they are unethical. You are the only one who pays us, and we make sure our billing is clear and understandable.


We don't work for a national investment firm.

Many financial advisors work for national investment firms, commonly referred to as "wirehouses."3 These advisors may be incentivized to cross-sell other financial products, such as mortgages or other banking services, for the financial benefit of the firm.4 One Day In July does not do this. We are 100% independent and our financial advisors have no pressure to sell other products or services. We don't work for a wirehouse. We work for you.


Our financial advisors aim for simplicity.

Simplicity leads to understanding, understanding leads to discipline, and discipline leads to good results. It also makes your life easier, particularly at tax time. The financial industry has gone to great lengths to complicate the process. Most of this complexity is unnecessary and does not lead to better returns. Here in Burlington, Vermont, 300 miles north of the financial bustle of New York City, it's tranquil on the shores of Lake Champlain. Our financial advisors will reflect this tranquility and simplicity in your investment strategy.

As the Japanese proverb says, "It is only in still water that we can see."
Read more: 99% of trading is pointless.


We minimize software tools and logins. And we don't have call centers.

Tired of trying to remember new logins for web-based portals everywhere you turn? We keep it simple. You will have a login for our custodian Schwab, and that's it. We don't add any more for you. As Microsoft's current CEO says "What is scarce in all of this abundance is human attention." We're going to pay attention to you, not burden you with more software to figure out. We will not redirect you to a website to get answers - you can pick up a phone and call us, or email, and we'll respond. All clients get their financial advisor's cell phone number. We do not believe in call centers.


The importance of longevity.

To do well for you over a long period of time, we need to understand your situation and think in decades, not months or even years. This is not always the prevailing culture in finance. Today, clients of larger firms often will get call center treatment when they have questions, and your financial advisor won't necessarily stay the same. Additionally, we're not contracted by your employer, so if you change jobs it will not disrupt our client-advisor relationship. At One Day In July, we will be with you over the long term.



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DIFFERENTIATORS
GETTING STARTED
MATERIALS
How Are We Different
Understanding Your Financial Statement
Articles on Investing
Investing with Low Cost Index Funds
Pay Yourself First
About the SECURE Act
Why Use a Fiduciary Financial Advisor?
Financial Planning
Quarterly Booklets
Simple, Low Investment Fees
Investor Resources
Investment Tools
Financial Firm Comparison
The Investment Process
One Day In July in the Media
Local Financial Advisor
How to Switch Financial Advisors
Frequently Asked Questions
Types of Investors
SERVICES
Types of Accounts We Manage
Options for Self-Employed Retirement Plans
Saving Strategies
What to do When Receiving a Pension
Investment Tax Strategy: Tax Loss Harvesting
Vermont Investment Management
How to Invest an Inheritance
Investment Tax Strategy: Tax Lot Optimization
Vermont Retirement Planning
How to Make the Best 401k Selections
Investing for Retirement: 401k and More
Vermont Wealth Management
How to Rollover a 401k to an IRA
Environmental Investing: How it Differs from ESG
Vermont Financial Advisors
How to Invest for College Savings
INVESTING THOUGHTS
Should I Try to Time the Stock Market?
Mutual Funds vs. ETFs
Inflation
The Cycle of Investor Emotion
Countering Arguments Against Index Funds
Annuities - Why We Don't Sell Them
Aim for Average
How Finacial Firms Bill
Low Investment Fees
Understanding Fixed Income: Interest Rate Risk
Investing in a Bear Market
Investing in Gold
Is Your Investment Advisor Worth One Percent?
Active vs. Passive Investment Management
Investment Risk vs. Investment Return
Who Supports Index Funds?
Articles by Dan Cunningham
Does Stock Picking Work?
The Growth and Importance of Female Investors
Behavioral Economics

Shelburne, VT Financial Advisor

Frank Koster | Josh Kruk

145 Pine Haven Shores Road, Suite 2212

Shelburne, VT 05482

(802) 777-9768

Stowe, VT Finanical Advisor

Available for meetings in Stowe.

Peter Egolf

(802) 999-2321

Burlington, VT Financial Advisor

Hans Smith | Katie Bensel

Nancy Westbrook | Peter Egolf

Adam Roof

77 College Street #3A

Burlington, VT 05401

(802) 503-8280

Essex, CT Office

Keith McCarthy

5 Essex Square, Suite 3A

Essex, CT 06426

(860) 581-7011

Rochester, VT Financial Advisor

Available for meetings in Rochester, VT and surrounding area.

Carrie McDonnell

(802) 767-7665


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