Impact will turn to index ETFs, whose fees are as low as 0.10 percent. He said that combined with Impact's fee, clients would be paying only 1.1 percent, instead of 2 percent in the traditional investment model.
"If an investor needs to sell an ETF, they don't have to wait until the end of the day to do it," he said. "While this immediate need for liquidity may not come up often, it is a nice option to have."
He also said that having access to E. Cohen’s experienced staff of CPAs would give clients even more value for their investment dollar by aligning tax advice with planning advice.
The Impact Capital website is www.impactcapllc.com, and its sister site is www.ecohencpas.com. On the Impact Capital website, you can find blog entries about the firm’s ETF emphasis and value proposition.
Prospective clients can learn more about both companies' services by visiting their respective sites online or both firms on-site at their shared Metro D.C. offices.
Founded by managing principal Eric Cohen in 1991, E. Cohen is based in Rockville, Md. It is a full-service accounting firm that provides tax compliance and counseling, audit and assurance, business advisory services, and business technology services to its more than 3,000 clients.
Eric Cohen said Bancroft’s experience and breadth of knowledge was key to the successful launch of the firm’s new division and services.
“Once we partnered with Bill, whose reputation and service mentality closely aligns with ours at E. Cohen, we knew it was the right time to launch this new firm,” he said.