The Pidgeon Group conducts extensive due-diligence when developing strategies regarding equity, taxable fixed income, and municipal bond portfolio management. This process is also used when selecting the core group of mutual funds and ETFs used to complement our individual security selection. We select managed funds based upon investment philosophy, long-term performance, adherence to select mandates, risk mitigation, and cost. We embrace ESG (Environmental, Social, and Governance) principles such as corporate governance, especially in regards to social and environmental issues.
The due diligence process involves both fundamental and technical analysis, utilizing tools available through Morningstar Workstation, The Wells Fargo Investment Institute, Bloomberg, and Dorsey Wright and Associates. We conduct regular portfolio reviews and are in close communication with our select investment managers. Our ongoing review takes into account not only investment performance versus benchmarks and peers, but also risk and style-drift avoidance.
Fees for advisory programs include Advisory services, performance measurement, transaction costs, custody services and trading. Fees are based on the assets in the account and are assessed quarterly. These fees do not cover the fees and expenses of any underlying exchange traded funds, closed-end funds or mutual funds in the portfolio, which also carry inherent risks related to the product's underlying investments. There are minimum fees and account sizes to maintain these types of accounts. Advisory accounts are not designed for excessively traded or inactive accounts, and are not appropriate for all investors. During periods of lower trading activity, your costs might be lower if our compensation were based on commissions. We need to review your investment objectives, risk tolerance and liquidity needs before we introduce appropriate managers/investment programs to you. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services, including fees and expenses.
All investing involves risk including the possible loss of principal. There is no assurance any investment strategy will be successful. An investment in a mutual fund or exchange-traded fund will fluctuate and shares, when sold, may be worth more or less than their original cost. Exchange-Traded funds are subject to risks similar to those of stocks and may yield investment results that, before expenses, generally correspond to the price and yield of a particular index. There is no assurance that the price and yield performance of the index can be fully matched.
An investment’s social policy could cause it to forego opportunities to gain exposure to certain industries, companies, sectors or regions of the economy which could cause it to underperform similar investments that do not operate under a social policy. Risks associated with investing in ESG-related strategies can also include a lack of consistency in approach and a lack of transparency in manager methodologies. A socially responsible investing style may shift in and out of favor.
Wells Fargo Investment Institute, Inc. is a registered investment adviser and wholly-owned subsidiary of Wells Fargo & Company and provides investment advice to Wells Fargo Bank, N.A., Wells Fargo Advisors and other Wells Fargo affiliates. Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company.