Fortress Asset Management's

Investment Management FAQ's

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1. What is Fortress Asset Management?
• Fortress Asset Management is a Salt Lake City based Investment advisory firm.
2. What type of investment advisory firm is Fortress Asset Management?
• Fortress Asset Management is a fee-based investment advisory firm. Fees charged are based on the amount of assets under management.
3. Who are your typical clients?
• Anyone from business owners, executives and professionals, individuals and families
• Corporations
• 401(k)
4. How much do you need to have for investment to become a client?
• There is no minimum for business owners. It is our desire to grow together and build a long-term relationship built on trust. Minimum initial investment for non-business owners is on a case by case basis.
5. What size of accounts do you manage?
• We manage portfolios and relationships valued from less that $1 million to over $40 million. New portfolios or relationships valued at less than $1 million should have the likely potential to exceed $1 million.
6. What types of accounts do you manage?
• Individual and family
• Corporate
• Individual retirement
• Trust
• 401(k) plans
• Charitable trusts and foundations
• Donor Advised
7. What types of services do you offer to business owners?
• Tax planning strategies
• Business income planning
• Business succession planning
• We work closely with other professionals in specialized areas including tax and legal
8. Where are assets held?
• All assets are held with various custodians separate and independent from Fortress Asset Management. We primarily use Raymond James but also manage accounts on TD Ameritrade, Charles Schwab and Fidelity.
9. What is a custodian and what do they provide?
• A custodian is a specialized financial institution responsible for safeguarding a firm’s or individual’s financial assets.
10. Who is Raymond James?
• Raymond James is an independent financial services company with headquarters in St. Petersburg, Florida.
11. Do you utilize individual securities in investment portfolios?
• Individual stocks are generally utilized in larger accounts for U.S. Large and Mid-Cap equity positions.
• Individual bonds are generally utilized in larger accounts for U.S. Investment Grade fixed income positions.  
12. How do you communicate with clients?
We tailor communication to the needs of the client. We desire to meet for account/relationship reviews at least annually at a minimum and as frequently as quarterly if desired. Our advisors are always available for consultation by phone or email.

Periodic communication such as a quarterly newsletter and other items of interest are also delivered to clients by email or hard copy. Account information is available on a 24/7 basis through custodian access provided.
13. What is a CFA and why should one be utilized?
A CFA, or Chartered Financial Analyst, is a professional credential bestowed by the CFA Institute on financial and investment professionals who have completed its program of study, passed all three levels of its examinations over multiple years and have met other professional and experience requirements. Fewer than 1 in 5 candidates becomes a CFA charterholder. It takes an average of over 1,000 hours of rigorous study, along with four years of professional experience, to earn the distinction of being called a Chartered Financial Analyst and all charterholders are required to annually attest to the CFA Code of Ethics and Standards of Professional Conduct.