Business Description
Rich Norkum, CFP®, CDFA, CFS, RFC, has spent 22 years helping people create a retirement plan designed to generate an income stream for life throughout the Carolinas. He specializes in pre- & post-retirement planning & comprehensive financial planning. Specifically, Rich serves individuals who want to make sure they are on track to enjoy the retirement they envision. As his clients approach, enter & settle into retirement, there are many lifestyle & financial issues that need to be addressed. It's Rich's goal to address these issues by developing strategies that can give his clients confidence. Besides helping his clients retire in the style they desire, Rich also focuses on tax savings initiatives, asset protection, long-term illness, disability & insurance. He also does pre-divorce planning. Rich offers financial planning and investments through Lincoln Financial Securities Corporation.
General Information Gender:    Male CRD#:    1381790 Firm CRD#:    3870 Name of Broker/Dealer:    Lincoln Financial Securities Coporation States Licensed in:    NC Years of Experience in Financial Services:    23 Number of Years with Current Firm:    5 I work with the following types of clients:    Individual Investors
Education Academic Background   BS, Accounting - Bentley College (1971)
Services Investment Types:    International Investments, Mutual Funds, Bonds, Annuities, Stocks
Qualifications & Memberships Certifications, Accreditations & Designations:    CERTIFIED FINANCIAL PLANNER™ Certificant Securities Licenses:    Series 7
Firm Information Number of Advisors in Office:    Up to 10 employees
Compliance Registered Representative:    Yes Compliance Disclosures in Last 5 years:    I have a clean record Criminal Disclosures in Last 5 years:    I have a clean record
Compensation & Fees I am a fee-based financial professional:    Yes Compensation Methods:    Commissions, Flat Fee, Hourly, Based on Assets
Prepared By:	Rich Norkum

Frequently Asked Questions

Q.	Do you have a customer satisfaction or refund policy?

Q.	What are your qualifications? What is your education background?

Q.	What is your approach to financial planning?

Q.	What services do you offer?

Q.	How many clients do you currently manage?

Q.	Will you be the only person working with me?

Q.	How are you compensated? How will I pay for your services?

Q.	If you are going to manage my account, will you obtain my permission every time you buy or sell something?

Q.	Do you offer any guaranteed results?

Q.	How much risk should I be willing to take?

Q.	Have you ever been charged with any breaches?

Q.	What services do you provide? What are your specialties?

Q.	What is your experience? How many clients do you currently manage?

Q.	What financial institution(s) do you represent?

Q.	How do you charge for your services?

Q.	Do you provide a free initial consultation?

Q.	Why should I choose you as my financial advisor?

Q.	What are your qualifications?

Q.	What is your approach to 401 K plan rollovers?

Q.	How long does the process of rolling over a 401K plan usually take?

Q.	What financial institutions do you represent?

Q.	How many years of experience do you have?

Q.	What are your fees for this service?

Q.	How many 401K rollover clients do you currently manage?

Q.	Why should I roll over my 401K plan to your firm?

Q.	Do you provide a free initial consultation?

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Q.	Do you have a customer satisfaction or refund policy?
If we do a comprehensive financial plan and you are not satisfied, we will either redo your plan or refund your fee.

Q.	What are your qualifications? What is your education background?
I graduated from Bentley College in 1971 with a BS in Accounting. Throughout the years, I continued participating in educational programs that would give me the skills and knowledge to help my clients stay on track. Currently, I hold the designations of Certified Financial Planner™, Certified Divorce Financial Analyst™, Certified Funds Specialist and Registered Financial Consultant.

Q.	What is your approach to financial planning?
I use the classic financial planning process — six simple steps designed to help my clients realize their own individualized financial goals. The six steps include setting goals and objectives, gathering facts, formulating a strategy, presenting a plan, implementing the plan and continual monitoring of the plan.

Q.	What services do you offer?
I offer pre- and post-retirement planning and comprehensive financial planning including 401k & IRA plan rollovers, 401k & IRA plan services, investment and asset management, annuities, long-term care, life insurance, tax planning, estate planning and pre-divorce planning.

Q.	How many clients do you currently manage?
150

Q.	Will you be the only person working with me?
You will be working directly with me.

Q.	How are you compensated? How will I pay for your services?
I work with my clients on a compensation plan that meets your objectives and concerns. It could be on an hourly fee to review your 401k; it could be a flat fee to do a comprehensive financial plan; on a commission basis on a life insurance product or on a fee for assets under management.

Q.	If you are going to manage my account, will you obtain my permission every time you buy or sell something?
Yes, I will always check with you first.

Q.	Do you offer any guaranteed results?
No.

Q.	How much risk should I be willing to take?
I could only answer that after we do a complete assessment of your current financial situation in relationship to your goals and objectives.

Q.	Have you ever been charged with any breaches?
None. In fact, I'm an approved member of the National Ethics Bureau. The NEB conducts a comprehensive background and compliance check on all of its members within the financial services industry. All approved members have successfully passed a series of seven-year checks for criminal, civil and business violations.

Q.	What services do you provide? What are your specialties?
I offer pre- and post-retirement planning and comprehensive financial planning including 401k & IRA plan rollovers, 401k & IRA plan services, investment and asset management, annuities, long-term care, life insurance, tax planning, estate planning and pre-divorce planning.

Q.	What is your experience? How many clients do you currently manage?
I graduated from Bentley College in 1971 with a BS in Accounting. Throughout the years, I continued participating in educational programs that would give me the skills and knowledge to help my 150 clients stay on track. Currently, I hold the designations of Certified Financial Planner™, Certified Divorce Financial Analyst™, Certified Funds Specialist and Registered Financial Consultant.

Q.	What financial institution(s) do you represent?
Many of the top mutual fund companies, whether they are load or no-load institutions. Other institutins we partner with include Pershing, Brinker, SEI and JPSC.

Q.	How do you charge for your services?
I work with my clients on a compensation plan that meets your objectives and concerns. It could be on an hourly fee to review your 401k; it could be a flat fee to do a comprehensive financial plan; on a commission basis on a life insurance product or on a fee for assets under management.

Q.	Do you provide a free initial consultation?
Yes, I offer complimentary consultations.

Q.	Why should I choose you as my financial advisor?
I offer a 25 year background working with individuals to become more financially secure using a comprehensive planning strategy that includes tax, investment, retirement, insurance and estate planning strategies. I have become a lifetime student on financial services to help secure my clients' futures.

Q.	What are your qualifications?
25 years of experience and education.

Q.	What is your approach to 401 K plan rollovers?
After an extensive process of fact finding of an existing plan, the TPA and the custodian, I would interview 2-3 other providers to determine the best fit for my client.

Q.	How long does the process of rolling over a 401K plan usually take?
Generally, a lead time of 60 days.

Q.	What financial institutions do you represent?
Fidelity, John Hancock, Pacific Funds, Principal Funds and Prudential.

Q.	How many years of experience do you have?
I have overe 20 years of experience in the retirement plan market.

Q.	What are your fees for this service?
Generally, the custodian will pay my fees out of the management fees.

Q.	How many 401K rollover clients do you currently manage?
Corporate — 10. Individual — 100.

Q.	Why should I roll over my 401K plan to your firm?
We don't represent just one plan provider or custodian. We are very competitive in the small business market of under 300 employees.

Q.	Do you provide a free initial consultation?
Yes, as with all our services, we always provide a free initial consultation.