Lex Zaharoff

Personal Finance, Retirement, Investing
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“With over 33 years of experience in the financial industry, Lex Zaharoff is an experienced fee-only advisor specializing in helping corporate executives make the right financial decisions.”
Firm:

HTG Investment Advisors Inc.

Job Title:

Senior Wealth Advisor

Biography:

Lex Zaharoff specializes in helping corporate executives make the right financial decisions as they go through job transitions - a busy time, often filled with uncertainty and emotions for both executives and their spouses.

Lex's specialization is based on 33 years of experience analyzing the complexity of corporate-derived wealth as well as his personal experience as a corporate executive who has gone through similar transitions. He is a guide and sounding-board for his clients, helping them stay the course through volatile times – a role which often feels as if he is their investment therapist.

Since job and career transitions raise financial issues that are complex and interdependent, clients benefit from the resources of his whole firm. Lex and his team are twelve professionals with complementary skill, working in a friendly, collaborative environment and drawing from their firm’s 22 years of experience helping more than 200 clients with issues such as these.

Lex is also fortunate to co-teach the MBA course, Wealth Management and Private Banking at NYU's Stern School of Business. For Lex, it is particularly gratifying to share thirty years of lessons learned to help his students better advise their clients.

Education:

BSE, Engineering, Princeton University
MBA, Harvard Business School

Fee Structure:

Fee-Only

CRD Number:

4364151

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What's the difference between an index fund and an ETF?
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Both are fund structures with many similar regulations. The main differences between ETFs and mutual funds are pricing and trading.

Mutual funds are only purchased and sold at the end of the day, after the Net Asset Value (NAV) of the underlying portfolio of securities is determined, and are thereby always priced at exactly NAV. Mutual funds incur no additional cost due to a bid/ask spread or possibility of trading at a premium or a discount.

Exchange-traded funds (ETFs) are pooled investment vehicles that can be traded on the stock exchange like a single stock. Similar to stocks, ETF shares are priced and traded continuously throughout the day, with their price determined by investor demand. As a result, ETF shares could be priced higher or lower than their underlying securities’ values, known as the fund’s net asset value (NAV).

ETFs and mutual funds both have internal expenses (expense ratios) so in comparing similar funds, it remains important to compare fees. Both structures can have equally low fees. For example, Vanguard's equivalent ETF and indexed mutual fund have the same fee.

While ETFs provide intra-day liquidity for investors who trade often, long-term investors who do not have a need for this benefit can achieve the same result by using open-ended mutual funds with similar features.  By using mutual funds, an investor avoids the need to monitor bid-ask spreads and premiums/discounts of an ETF.

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