| Advisor Profile |
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Business Description |
| We develop customized financial solutions centered around our clients values! |
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General Information |
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| Name of Broker/Dealer: |
PFS Investments
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| States Licensed in: |
CA, CO, FL, MS, NY, TX, WA
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| States Willing to do Business in: |
TX
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| Years of Experience in Financial Services: |
14
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| Number of Years with Current Firm: |
14
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| I work with the following types of clients: |
Businesses, Non-Profit Organizations, Individual Investors
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Education |
| Academic Background |
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| BS, Mechanical Engineering - US Military Academy, West Point, NY |
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Services |
| Investment Types: |
Mutual Funds, Insurance, Annuities
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Registered Financial Consultant (RFC), Accredited Wealth Management Advisor(AWMA)
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| Securities Licenses: |
Series 26, Series 6, Series 63
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| Insurance and Annuity Licenses: |
Variable Life, Disability, Variable Annuity, Long Term Care, Life, HMO, Health, Annuity, Accident, Casualty, Property
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| Financial Organization Memberships: |
IARFC
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Firm Information |
| Number of Advisors in Office: |
10 - 99 employees
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| Firm's Number of Clients: |
1300
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| Firm's Number of Planning Clients: |
60
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| Advisor's Number of Clients: |
1300
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| Advisor's Number of Planning Clients: |
60
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Compliance |
| Registered Representative: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| I am a fee-based financial professional: |
Yes
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| Compensation Methods: |
Commissions, Based on Assets
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| Prepared By: |
Darrick McGill |
Frequently Asked Questions |
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| Q. |
Do you have a customer satisfaction or refund policy? |
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Depending on the product, there are refund periods of up to 30 days. Since, our Financial Needs Analysis is complimentary, clients have a no cost opportunity to preview our work. |
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| Q. |
What are your qualifications? What is your education background? |
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BS Mechanical Engineering
US Military Academy, West Point NY
Accredited Wealth Management Advisor (SM)
Developed strategies for 1,000 + clients
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| Q. |
What is your approach to financial planning? |
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My approach is to conduct an interview to develop a sense of important life goals for my clients. With those goals, we work together starting at the end point and back our way into actionable steps that will lead us to accomplishing the goals. |
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| Q. |
What services do you offer? |
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First and foremost, basic financial strategies. We also implement the strategies in mortgage lending, retirement plans, life and long term care insurance. |
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How many clients do you currently manage? |
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I have three tiers of clients. Across the three tiers, I have just under 1,000 clients. |
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Will you be the only person working with me? |
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I will be the primary contact, however, there may be specialists brought in should their expertise be needed in a particular area. |
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How are you compensated? How will I pay for your services? |
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For investments, our firm earns an annual fee based on the assets we currently manage of 0.25%. Additionally, there is an initial charge or a deferred charge depending on the size of the investment account of 1% - 5%. |
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| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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| Q. |
Do you offer any guaranteed results? |
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No. NASD rules prohibit offering guarantees on investment vehicles that are not insured. |
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How much risk should I be willing to take? |
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As much as necessary to achieve your goals. The biggest risk people face is not losing all their investment, but not achieving their financial goals. |
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| Q. |
Have you ever been charged with any breaches? |
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What carrier(s) do you represent? |
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Primerica Life, Genworth Financial, Metlife Annuities |
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| Q. |
Are there any pre-existing conditions that you can not cover? |
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Always depends on the individual case and severity of the medical condition. |
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How long does it take to complete the application and approval process? |
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Depends on medical information required. Can be as quick as 2 weeks. Often 6-8 weeks due to medical tests and waiting on the client's doctor to return requests for information. |
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Is there a maximum age that you can insure? |
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We have a maximum issue age of 70. However, we can insure individuals up to age 95. |
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What services do you provide? What are your specialties? |
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First and foremost, basic financial strategies. We also implement the strategies in mortgage lending, retirement plans, life and long term care insurance. Specialty - retirement planning and retirement plans! |
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What is your experience? How many clients do you currently manage? |
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BS Mechanical Engineering
US Military Academy, West Point NY
Developed strategies for 1,000 + clients
State & Federally Licensed
FINRA - Financial Industry Regulatory Authority
Texas Department of Insurance
Texas Savings & Loan Department
Texas Department of Licensing & Regulation
Training Instructor for Insurance & Investment certification examinations (5 years) |
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What financial institution(s) do you represent? |
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Primerica Financial Services
PFS Investments
Primerica Life Insurance
AIM Investments
American Funds
Legg Mason Partners Mutual Funds
Van Kampen Funds
Pioneer Investments
Franklin/ Templeton Investments
Oppenheimer Funds
MFS Investment Management
Putnam Investments
Alliance Bernstein
Fidelity Investments
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| Q. |
How do you charge for your services? |
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For investments, our firm earns an annual fee based on the assets we currently manage. This ranges from 0.10% to 1.00% depending on the type of account. |
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Do you provide a free initial consultation? |
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Yes. My approach is to conduct an interview to develop a sense of important life goals for my clients. With those goals, we work together starting at the end point and back our way into actionable steps that will lead us to accomplishing the goals. |
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| Q. |
Why should I choose you as my financial advisor? |
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Our primary objective is to help you reach your financial goals. As such, you can depend on unbiased advice in helping you make financial decisions. |
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Will you service customers with credit problems? |
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Yes! One of our specialties is helping clients work through credit issues to become stronger credit risks going forward. |
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What bank(s) do you represent? |
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CitiFinancial, Citimortgage |
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How long does the application process take? |
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10-15 minutes to complete the paperwork. 24-72 hours for an underwriting decision |
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What are your management fees? |
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Depends on services and platform selected by the client. |
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What kind of plans do you specialize in? |
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Companies with fewer than 100 employees. Individual 401ks for independent business owners. |
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Do you have a minimum requirement for number of employees or total investment value? |
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What type of plans do you offer? |
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Defined contribution 401k plans; Defined Benefit pension plans. |
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Do you offer any additional services? |
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Retirement planning and asset allocation. |
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What are your qualifications? |
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I have been a Series 6 & Series 26 licensed representative since 1995 and have over 1000 clients that I assist with this process on a regular basis. |
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What is your approach to Education Planning? |
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The first question is should a family even plan to earmark assets for college education for their children and then how much. After that, the question is what form should the savings take. We use 529 plans and Education Savings Accounts for families in the highest income brackets. For most middle income families the best approach is to add education assets to retirement plans in a Roth IRA or 401 |
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How long does the process of setting up an Education Plan usually take? |
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What financial institutions do you represent? |
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AIM Investments
American Funds
Legg Mason Partners Mutual Funds
Van Kampen Funds
Pioneer Investments
Franklin/ Templeton Investments
Oppenheimer Funds
MFS Investment Management
Putnam Investments
Alliance Bernstein
Fidelity Investments
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How many years of experience do you have? |
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I have been in the industry since 1994. |
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What are your fees for this service? |
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Depends on the type of plan and the provider. |
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How many Education Planning clients do you currently manage? |
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I have around 1000 clients, most with children. At one point or another, Education Planning has been a part of our consultation work. |
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Why should I work with you on setting up an Education Plan? |
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I provide a straight forward approach to this important goal. Using a holistic approach, we can determine the best way to provide for your children's education - including whether or not you should save directly for this goal or use other out of the box techniques. |
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Do you provide a free initial consultation? |
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What are your qualifications? |
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I have been a Series 6 & Series 26 licensed representative since 1995 and have over 1000 clients that I assist with this process on a regular basis. |
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| Q. |
What is your approach to 401 K plan rollovers? |
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My approach is to determine the client goals and then match those goals to an investment allocation that maximizes flexiblity and minimizes risk. |
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How long does the process of rolling over a 401K plan usually take? |
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Usually 2-4 weeks. Depends on how long the resigning company takes to release the funds and their rollover process. |
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What financial institutions do you represent? |
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AIM Investments
American Funds
Legg Mason Partners Mutual Funds
Van Kampen Funds
Pioneer Investments
Franklin/ Templeton Investments
Oppenheimer Funds
MFS Investment Management
Putnam Investments
Alliance Bernstein
Fidelity Investments
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| Q. |
How many years of experience do you have? |
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I have been in the industry since 1994. |
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| Q. |
What are your fees for this service? |
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Fees are dependent on the particular investment company selected and their published schedule. Typically fees start around 5.5% of new invested assets for the smallest accounts and drop to 1% or less as the total value of the account increases. |
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How many 401K rollover clients do you currently manage? |
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I have several hundred investment clients that I manage assets for. |
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| Q. |
Why should I roll over my 401K plan to your firm? |
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My approach is to understand your goals and deliver recommendations to meet those goals taking the minimum risk and allowing you to retain the maximum flexibility. |
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| Q. |
Do you provide a free initial consultation? |
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