Broker Check

Opening an investment account with us

If there is any cash which you do not want to be invested...

It will need to be transferred to a bank account of your choice. Should you choose to instead invest this cash, we will have investment portfolios at Orion with a risk level as low as 20 out of 100. A risk level of 0 is hyper conservative and a risk level of 100 is hyper aggressive. Please tell us if there is any cash that you wish to keep before signing the new account paperwork. Otherwise, all cash will be invested once we receive the signed new account paperwork.

If there are any specific investments that you do not want to be sold...

We will open a Charles Schwab brokerage account for you and then place the investment within this account. This will essentially be a holding account upon which we will not charge a management fee since we will not be servicing it in any way. However, we will help you communicate with Schwab if you ever wish for them to sell your investment. Schwab will charge your account a nominal trading fee in exchange for this service. Please tell us if there are any investments that you wish to keep before signing the new account paperwork. Otherwise, all investments will be sold once we receive the signed new account paperwork.

You sign the paperwork.

The new account paperwork can be sent to you ether by mail or electronically.

We sell all of the investments in your account.

All of the investments currently in your account will be sold so that your account can be reinvested into an investment portfolio offered by Orion.

If you have a taxable non-IRA account…

The sale of the current investments in your account may generate taxable gains or losses in your account which could affect your 2022 taxable income. Please speak to your accountant before signing the new account paperwork if you are concerned about this.

A Schwab account is opened for you

An investment account at Charles Schwab will be opened for you if you do not already have a Schwab account.

It is invested into a new portfolio

All of your Schwab account will be invested into one of our four investment portfolios through Orion. We offer tax aware versions of these four portfolios for non-retirement accounts. Each portfolio will be actively managed to remain within a specific range of risk.

This page is meant for educational purposes only. Information presented should not be considered investment advice or a recommendation to take a particular action. Always consult with a financial professional regarding your personal situation before making any financial decisions. Kilmer & Company does not guarantee the accuracy or comprehensiveness of the information provided within this page. The services that the team at Kilmer & Company provides may change at any time.  Please also note that while we have referenced Charles Schwab as our option for brokerage accounts, they are not the only option available to you.