FPL Capital Management, LLC
Director of Trading & Operations, Investment Consultant
Virajith Wijeweera joined FPL Capital Management in 2004. Virajith’s main responsibilities include portfolio trading and supervising all operations activities. He has been under the tutelage of Michael George for 11 years. He received his bachelor’s degree in Business Administration from the University of New Orleans. He has also completed the Certified Financial Planner program through University of Georgia’s Executive Program.
FPL Capital Management is a Fee-Only independent investment advisor fiduciaries registered with the Securities Exchange Commission. Virajith offer investors Model and Customized portfolios. Their portfolios are low-cost, passively managed, and globally diversified. Portfolios include funds from companies, such as DFA (Dimensional), Vanguard, AQR, PIMCO, WisdomTree, and iShares.
Virajith believes that all individual investors should have access to the same level of institutional investment management services that the large institutions receive. However, he also believes that receiving institutional level management services should not result in exorbitant annual advisory fees.
Virajith's client base represents a wide variety investors that have different needs and wants – from ones who require the full spectrum of wealth management services to ones who only utilize their portfolio management services. The full-service clients receive everything from portfolio management, retirement planning, and income budgeting to tax preparation services. Through his professional network of certified financial planners, attorneys, and accountants, Virajith is able to offer these clients the full suite of wealth management services.
BA, Business Administration, University of New Orleans
If you are not satisfied with the investment options available in your 401(k) Plan, you should ask your Plan Administrator, whehter the Plan allows for a Self-Directed Brokerage Account (SDBA) window. With an SDBA, you can generally invest most ETFs and mutual funds availble through the brokerage account provider. For example, for most Vanguard workplace retirement plans, their SDBA window is availble through TD Ameritrade. Other plans have it available through Schwab/Fidelity. These weren't common 10 years ago, but more and more plans are offering SDBAs.
I think the first question you should ask advisors you are interviewing is that "do you operate at a fiduciary capacity?", which really means is that do you have any conflicts of interest when providing me advise or managing my portfolio. Ideally, you want a Fee-Only advisor, where they do not (or should not) recieve commissions from any investment producuts they offer/sell you.
Historical evidence has proved that active portfolio management does not fare better than passive portfolio management so you want to look for an advisor who believes in a "buy and hold" investment philosophy while using the most cost-effective investment options available (index funds and enhanced index funds). You probably want to stay away from an advisor who actively trades individual stocks.
Low-cost index funds come in both mutual fund format and ETF (Exchange Traded Fund) format. Both should be available in a Rollover IRA. Most discount brokerage firms, such as Schwab, TD Ameritrade, Fidelity, and Scottrade, will allow you to purchase most types of mutual funds and ETFs.
As long as you are moving your assets directly from the 403(b) into a Rollover IRA, you should not have any tax issues. Tax issues arise when you actually take a hold of the money after it leaves the 403(b). Make sure your rollover is a trustee-to-trustee (custodian to custodian) rollover. Most discount brokerage firms also offer incentives for rolling over workplace retirement accounts.
If you have a large cap stock portfolio of funds, then the performance should be inline. If not, the performance will vary. For example, if you have a high allocation towards fixed income funds, your portfolio performance will not match that of the Dow Jones' performance.
Can you be more specific with your question? I think your wording may be inaccurate. Not sure what you are referring to by "maturing IRA."