These are the important things you should know before partnering with an advisor.
Yes, we are a fiduciary under the law. We will continue to be a fiduciary at all times during the advisor-client relationship and with respect to all your accounts and all our advice. We will always put your interests first, act with prudence, and avoid conflicts of interest.
Yes, Libra Wealth LLC is a Registered Investment Advisor (RIA) and Mark Astrinos is an Investment Advisor Representative (IAR) of Libra Wealth LLC. Registered Investment Advisors owe a fiduciary duty under law to their clients.
No, both the firm and Mark Astrinos have clean records. You can view these public disclosures for any advisor or firm at http://brokercheck.finra.org/
Libra Wealth LLC a fee-only advisor, which means the only compensation we receive comes directly from our clients in the form of transparent advisory fees.
No, we are not tied to any investment company or product. The recommendations that we make are based solely on your specific needs. They are not tied to commissions, awards, bonuses, or tips based on sales volume.
No, we do not receive any commissions, including 12(b)1 fees, nor do we have any financial incentive to recommend certain financial or insurance products.
No, we do not receive any referral fees or kickbacks. As we work with you, we might require the assistance of other advisors, such as attorneys, accountants, insurance agents, and mortgage brokers. If you need a referral to a qualified professional, our goal is to match you with one that best suits the particular situation.
No, we require that all clients hold their accounts with an independent custodian. This safeguard exists for your protection. There are many independent custodians in the marketplace that you can choose from to maintain your assets. We typically recommend TD Ameritrade Institutional due to their low fees, cutting edge technology, array of services, and the ability for you to easily authorize us to manage your accounts with a limited power of attorney (LPOA). An LPOA enables us to place trades and deduct advisory fees from your account(s) but restricts cash withdrawals or transfers to accounts not owned by you.
Advisory fees will only be deducted from your account in accordance with a written advisory agreement and we will send an informational invoice to you at the same time. Additionally, TD Ameritrade will provide trade confirmations and monthly statements to you directly so that you have a record of what activity has taken place in your accounts. TD Ameritrade also provides an Asset Protection Guarantee that can provide up to $150 Million of coverage for your account.
CERTIFIED FINANCIAL PLANNER™ Professional (CFP®)
Certified Public Accountant (CPA)
Personal Financial Specialist (PFS)
Registered Life Planner (RLP®)
Bachelor of Science in Commerce with a Major in Accounting from Santa Clara University. Graduated with honors, Cum Laude.
Mark Astrinos is dedicated to the advisory activities of his clients, but is also actively involved in the financial planning profession as follows:
Personal Financial Specialist Credential Committee member for the Personal Financial Planning Section of the American Institute of CPAs (AICPA)
Personal Financial Planning Committee member for the California Society of CPAs (CalCPA)
Planning Committee member for AICPA’s Advanced Personal Financial Planning Conference
You will work directly with the Principal and Founder of the firm, Mark Astrinos. Our clients appreciate not being handed off to an assistant or associate after the initial meetings.