Investment Management
Beaumont TX
You have spent decades building your savings. Now you need a portfolio that is aligned to your actual risk tolerance, your retirement timeline, and your income needs — managed by a fiduciary who is legally required to act in your best interest. Richard Placette II provides fee-based investment management for Southeast Texas retirees and pre-retirees.
Who This Is For
What Investment Management Includes
Common Investment Management Mistakes
Paying 1%+ in fund expense ratios
High-cost actively managed funds rarely outperform low-cost index funds over long periods. A 1% annual fee difference compounds to a significant wealth gap over 20–30 years.
Holding too much employer stock
Concentration in a single stock — even a great company — carries company-specific risk that is not compensated by the market. ExxonMobil and Motiva employees are particularly exposed to this.
Not rebalancing after major market moves
After a strong equity run, a portfolio that started at 60/40 may drift to 75/25 — carrying far more risk than intended. Rebalancing restores your target allocation and enforces buy-low/sell-high discipline.
Panic-selling during downturns
Selling equities during a decline locks in losses and means you miss the recovery. A portfolio aligned to your actual risk tolerance — not your theoretical tolerance — is the best defense against panic selling.
Frequently Asked Questions
What does a fee-based investment advisor do differently than a commission-based broker?
A fee-based fiduciary advisor charges a transparent fee — typically a percentage of assets under management — and is legally required to act in your best interest. A commission-based broker earns a commission when you buy or sell products, which creates an inherent conflict of interest. The fiduciary standard means your advisor's compensation is not tied to which products you hold — only to the growth of your portfolio.
What types of accounts do you manage?
We manage IRAs (traditional and Roth), rollover IRAs from former employer 401(k)s, taxable brokerage accounts, and trust accounts. We do not manage 401(k)s that are still held at an active employer, but we can provide guidance on investment selection within those plans.
How do you build a portfolio for someone approaching retirement?
We start with a risk analysis using Riskalyze to quantify your personal Risk Number — the amount of volatility you can tolerate. We then build a portfolio aligned to that number, your retirement timeline, and your income needs. For clients within 5–10 years of retirement, we typically reduce equity concentration and build a cash or short-term bond buffer to protect against sequence of returns risk.
Do you use individual stocks or funds?
We primarily use low-cost index funds and ETFs for broad market exposure, supplemented by individual securities where appropriate — particularly for tax-loss harvesting in taxable accounts or for clients with specific sector preferences. We avoid high-cost actively managed funds that consistently underperform their benchmarks after fees.
What is your investment philosophy?
Evidence-based investing: broad diversification, low costs, tax efficiency, and alignment with your personal risk tolerance and income timeline. We do not try to time the market or pick individual stocks for alpha. We believe the primary drivers of long-term investment success are asset allocation, cost control, tax management, and behavioral discipline — staying invested through downturns rather than panic-selling.
How often do you review and rebalance portfolios?
We monitor portfolios continuously and rebalance when allocations drift significantly from targets — typically when an asset class moves more than 5% from its target weight. We also review portfolios at least annually and after major life events (retirement, inheritance, divorce, death of a spouse). Tax-loss harvesting opportunities are evaluated throughout the year in taxable accounts.
Get a Second Opinion on Your Portfolio
Bring your current statements to a free consultation. We will review your holdings, calculate your Risk Number, and show you exactly what changes — if any — would better align your portfolio to your retirement goals.
Services Available in This Area
Serving Communities Across Southeast Texas
Looking for a Financial Advisor Near You in Southeast Texas?
If you are searching for a financial advisor near Beaumont, Lumberton, Port Arthur, Orange, Nederland, Vidor, Silsbee, Jasper, or the surrounding Southeast Texas area, Richard Placette II with MRB Capital Group provides retirement planning, investment management, 401(k) rollover guidance, Social Security planning, and portfolio risk analysis for individuals, families, retirees, plant workers, and business owners. Whether you are preparing for retirement, reviewing an old 401(k), evaluating investment risk, or looking for a second opinion on your current portfolio, the first step can be a simple 3–5 minute Risk Assessment designed to help identify your personal Risk Number.