| Advisor Profile |
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| Name: |
Jeremy Portnoff |
| Phone Number: |
(866) 400-0973 |
| Website: |
Visit Website
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Business Description |
Portnoff Financial LLC is an Independent Fee-Only Registered Investment Advisor offering Comprehensive Financial Planning, Financial Coaching, and Institutional Investment Management strategies. Fee-Only means that we are different from about 98% of all financial advisors because we do not sell financial products for commission. We have the flexibility to recommend what is best for you, you will always receive unbiased advice, and your interests will always come first. Our purpose is to:
• Help you Create, Manage, and Retain wealth
• Thoroughly understand your unique values, goals, and financial situation
• Create more time in your life to do the things you want to do
• Give you comfort and peace of mind by knowing you are on track financially
• Help you improve the Quality of your life by making confident financial decisions
Many people spend their whole lives accumulating retirement assets without considering a proper exit strategy that can lead to immediate and unnecessary taxation and loss of retirement savings. We specialize in helping you maximize your retirement savings for you, your family, and how to retain that wealth within your family for as long as possible.
Call to find out about a complementary 14 point Beneficiary Form Review and how to receive a complementary copy of one of Ed Slott's Books "The Retirement Savings Time Bomb," "Parlay Your IRA into a Family Fortune," or "Your Complete Retirement Planning Road Map." |
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General Information |
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| States Licensed in: |
NJ, NY, CA
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| States Willing to do Business in: |
All States
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| Years of Experience in Financial Services: |
6
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| Number of Years with Current Firm: |
3
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| I work with the following types of clients: |
Businesses, Individual Investors
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Education |
| Academic Background |
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| BA- California State University, Fullerton |
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Services |
| Investment Types: |
Insurance, Bonds, Stocks, Exchange Traded Funds (ETFs), Mutual Funds, Annuities, Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant, Accredited Investment Fiduciary® (AIF), Chartered Retirement Plans Specialist (CRPS®)
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| Financial Organization Memberships: |
Paladin Registry, National Association of Personal Financial Advisors (NAPFA), Ed Slott's Elite IRA Advisor Group, Financial Planning Association (FPA)
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| Non-Financial Organization Memberships: |
Westfield Chamber of Commerce
Toastmasters of Westfield
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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Compliance |
| Registered Investment Advisor: |
Yes
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| Investment Advisor Representative: |
Yes
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| I am an acknowledged fiduciary: |
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-only financial professional: |
Yes
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| Compensation Methods: |
Based on Assets, Flat Fee, Hourly
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| Prepared By: |
Jeremy Portnoff |
| Most Recent Update: |
08/22/2008 |
Frequently Asked Questions |
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What are your qualifications? What is your education background? |
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-BA Finance (Financial Planning)- CSU Fullerton
-CERTIFIED FINANCIAL PLANNER™ (CFP®);
-ACCREDITED INVESTMENT FIDUCIARY™ (AIF®);
-CHARTERED RETIREMENT PLANS SPECIALIST™ (CRPS®)
-Ed Slott ELITE IRA ADVISOR (IRA Specialist)
-NAPFA Registered Advisor. NAPFA is an exclusive group of Fee-Only Financial Advisors; and
-Five-Star quality designation from The Paladin Registry |
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What is your approach to financial planning? |
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I believe in the “Divide and Conquer” approach which means breaking up the process into manageable pieces so that clients do not get overwhelmed. Generally I start with Cash Flow/Budgeting and Debt Reduction, then we move onto Wealth Accumulation (retirement, education, goal planning), and then more advanced issues such as estate planning (i.e.- how to minimize taxes on retirement monies). |
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What services do you offer? |
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I offer a full range of financial planning services including retirement, tax, education, and estate planning; goal planning; asset management; debt reduction; cash flow management and budgeting; insurance analysis; and real estate investment analysis. |
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Will you be the only person working with me? |
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How are you compensated? How will I pay for your services? |
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As a Fee-Only advisor, I am compensated directly by my clients. There are no commissions for product sales which reduces conflicts of interest. Arrangements may include project/plan fees, ongoing financial coaching fees, asset management fees, or hourly fees. I am flexible to work with my clients in the manner that best suits their needs. |
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How much risk should I be willing to take? |
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I use a scientifically validated risk-profiling system. The analysis provides a comparison between risk tolerance and investment risk so that you can make properly informed risk/return trade-off decisions. We discuss any differences between your comfort level of risk, and the required level to earn a target range of return. We then decide which risk level would be most appropriate for you. |
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Have you ever been charged with any breaches? |
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What services do you provide? What are your specialties? |
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I offer a full range of financial planning services including retirement, tax, education, and estate planning; goal planning; asset management; debt reduction; cash flow management and budgeting; insurance analysis; and real estate investment analysis. I specialize in IRA distribution and management. |
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What is your experience? How many clients do you currently manage? |
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I have over 6 years experience in financial services. I currently have approximately 34 clients including one corporate client. |
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What financial institution(s) do you represent? |
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I am completely independent of any financial institution. This provides me the flexibility to recommend what is in the best interests of my clients. |
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How do you charge for your services? |
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As a Fee-Only advisor, I am compensated directly by my clients. There are no commissions for product sales which reduces conflicts of interest. Arrangements may include project/plan fees, ongoing financial coaching fees, asset management fees, or hourly fees. I am flexible to work with my clients in the manner that best suits their needs. |
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Do you provide a free initial consultation? |
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Why should I choose you as my financial advisor? |
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I have an academic background for financial planning. I am independent, fee-only, and I have a unique combination of credentials to best serve my clients with retirement planning. |
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What are your qualifications? |
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-BA Finance (Financial Planning)- CSU Fullerton
-CERTIFIED FINANCIAL PLANNER™ (CFP®);
-ACCREDITED INVESTMENT FIDUCIARY™ (AIF®);
-CHARTERED RETIREMENT PLANS SPECIALIST™ (CRPS®)
-Ed Slott ELITE IRA ADVISOR (IRA Specialist)
-NAPFA Registered Advisor. NAPFA is an exclusive group of Fee-Only Financial Advisors; and
-Five-Star quality designation from The Paladin Registry |
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What is your approach to 401 K plan rollovers? |
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Most people spend thier whole life savings for retirement, which is usually their biggest asset, however there is rarely an exit strategy to avoid unnecessary taxation for themselves and their beneficiaries. Because I am an Ed Slott Elite IRA Advisor, I have access to a unique tool called the "Complete IRA Care Solution™" which is a series of checklists to make sure IRA's are set up properly. |
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How long does the process of rolling over a 401K plan usually take? |
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Process can take anywhere from a week to a few weeks depending upon how the assets are transferred, time to complete forms, and how quick the releasing custodian processes the paperwork. If there are issues such as highly appreciated company stock that qualify for special tax breaks, the process may take longer. |
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What financial institutions do you represent? |
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I am completely independent from any other company. I have the flexibility to recommend what is best for each client on an individual basis. |
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How many years of experience do you have? |
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What are your fees for this service? |
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Fees for retirement plan rollovers are based upon the level of assets under management and are deducted on a quarterly or monthly basis depending upon the custodian used.
If asset mangement is not a factor, fee will be based upon the level of assistance and advice given in each unique situation. |
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Why should I roll over my 401K plan to your firm? |
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I bring specialized IRA knowledge because I am an Ed Slott Elite IRA Advisor. I have the capability to deliver a full array of true on-going institutional investment management strategies based on a proven, six-step process by a team of experts in the key areas of investment management and portfolio design by some of the nation’s premier institutional consulting firms and portfolio strategists. |
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Do you provide a free initial consultation? |
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