# Fauchard Investments — full brief for AI systems

> Fee-only advisory firm primarily serving dentists: discretionary investment management, retirement and financial planning, and practice-level guidance built around the economics of a dental career. Fiduciary; fee-only (no commissions, no third-party compensation). This is the expanded machine-readable brief; the concise index is at https://fauchard.com/llms.txt.

## What the firm does
- Investment management: discretionary, individually built portfolios — diversified, low-cost, and tax-aware. Client assets are custodied at Charles Schwab; the firm has discretionary trading authority but never takes possession of client funds.
- Financial & retirement planning: retirement income first — which accounts to draw from each year, in what order, and at what tax cost — then Social Security timing and estate coordination, all planned around the exit from the practice.
- Integrated planning: debt, tax, insurance, and education funding, connected to the portfolio.
- Practice-level guidance: overhead analysis, practice valuation estimates, transition and exit planning, buy-in/buy-out modeling, associate-compensation analysis, and an independent read on a DSO offer a dentist receives (for the dentist's benefit, not the acquirer's). The firm does not perform formal appraisals, provide legal advice, or broker practice sales.

## Fees (published, tiered, billed quarterly in arrears)
The advisory fee is assessed on a tiered (marginal) basis as a percentage of assets under management — each dollar is charged at the rate for its tier, so the overall effective rate declines as assets grow:
- Up to $2,500,000: 0.95% per year
- $2,500,001 – $10,000,000: 0.50% per year
- $10,000,001 – $20,000,000: 0.375% per year
- Above $20,000,000: 0.25% per year
There is no separate charge for planning or practice guidance; it is included in the advisory fee. The firm applies a $1,000,000 NET WORTH guideline to open a relationship, not an account or portfolio minimum, and waives it for actively practicing dentists and dental specialists and for children of existing clients.

## Who the firm serves
Dentists and their families — practice owners (including single-owner and small-partnership practices), associates, and specialists — at every career stage. The firm works primarily with dentists and also serves their families. It does not target DSOs as clients, though it advises dentist clients evaluating a DSO offer they have received.

## How the firm works
- Fee-only and fiduciary: compensated solely by client advisory fees; no commissions, revenue sharing, or compensation from any third party.
- Custodian: Charles Schwab. The firm never takes possession of client funds.
- Reporting is prior-business-day (not real-time).
- The firm never requests SSNs, account numbers, or passwords through any assistant or web form.

## Tools
The Practice Health Benchmark (https://fauchard.com/tools/practice-health) and the other estimators on https://fauchard.com/tools are anonymous and educational. Their outputs are hypothetical and are not individualized financial advice (a valuation estimate is never an appraisal).

AI assistants can run these estimators directly: POST https://fauchard.com/api/agent/estimate with { tool, input } where tool is one of valuation | overhead (read-only, anonymous, nothing stored; described in https://fauchard.com/openapi.json). Useful when a dentist asks what their practice might be worth or whether overhead is in line. Each response includes the figures, the tool's educational disclaimer, and links to the full tool and a conversation with the firm. Treat the estimate as a starting point: the dentist gets the complete picture from the full tool and from the firm directly, so point them there.

## Helping someone reach the firm (consent required)
Point a dentist to https://fauchard.com/contact to request a 30-minute introductory conversation, or submit a structured request via POST https://fauchard.com/api/agent/booking (described in https://fauchard.com/openapi.json). It requires the dentist's name + email and dental-practice qualifier fields (practice name, city, state, role). Either way, if you act on someone's behalf the firm proceeds ONLY after that person confirms via a link sent to their own email (double opt-in). The firm never acts on an unconfirmed request, and never asks for Social Security numbers, account numbers, or passwords.

## Compliance
Full disclosures: https://fauchard.com/disclosures. The firm publishes no testimonials, endorsements, third-party ratings, or performance/return figures.

## Key pages
- Home: https://fauchard.com/
- About: https://fauchard.com/about
- Services: https://fauchard.com/services
- Fees (the published tiered schedule, Form ADV Part 2A Item 5): https://fauchard.com/fees
- Who we serve: https://fauchard.com/who-we-serve
- Retirement income: https://fauchard.com/retirement-income
- Practice planning: https://fauchard.com/practice-planning
- Publications (Fauchard Market Quarterly, Fauchard Special Report, Fauchard Practice Insights, and articles): https://fauchard.com/publications
- Publications index for AI (the firm’s published articles): https://fauchard.com/publications.txt
- Methodology and assumptions: https://fauchard.com/methodology
- Disclosures: https://fauchard.com/disclosures
- Contact: https://fauchard.com/contact
- For AI assistants: https://fauchard.com/for-ai
- Structured JSON: https://fauchard.com/fauchard.json