| Advisor Profile |
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| Name: |
Doug Burgdorf, CFP® |
| Phone Number: |
(888) 339-0835 |
| Website: |
Visit Website
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Business Description |
| H&B Financial Group, Inc., is a comprehensive financial planning and investment management firm. We have the ability to represent our clients as either a registered representative or a registered investment advisory representative (depending on what is most cost effective for the client given their needs). We offer a variety of services to our clients including but not limited to: estate planning, retirement planning, 401K/profit sharing plan design and implementation, stocks, bonds (government, corporate, municipal), mutual funds, annuities (fixed, variable, indexed), unit investment trusts, real estate investment trusts, and limited partnerships. We incorporate all aspects of financial and estate planning in a cohesive, cost effective, and tax efficient manner that is easily understood by our clients. |
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General Information |
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| Years of Experience in Financial Services: |
9
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| Number of Years with Current Firm: |
4
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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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Bachelor of Arts degree - University of Michigan
MBA - Wayne State University |
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Services |
| Investment Types: |
Annuities, Insurance, Mutual Funds, Alternative Investments, Exchange Traded Funds (ETFs), Bonds
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant
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| Securities Licenses: |
Series 7, Series 6, Series 63, Series 66
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| Insurance and Annuity Licenses: |
Annuity, Variable Annuity, Disability, Variable Life, Long Term Care, Health, Life
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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| I work with clients as part of a team: |
Yes
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Compliance |
| Registered Representative: |
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-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
$50.000
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| Compensation Methods: |
Based on Assets, Commissions
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| Fee % Based on Assets: |
.5% to 1%
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| Prepared By: |
Doug Burgdorf, CFP® |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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We do not have a return policy. Our philosophy of completing the comprehensive financial planning process creates the type of open communication with clients that eliminates the misunderstandings that lead to “returns”. As a direct result, we are proud to say that we have never had a complaint/return. |
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What are your qualifications? What is your education background? |
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Doug Burgdorf - BA - University of Michigan (1994), MBA - Wayne State University (2000), CFP designation 2005.
Mike Hainer - BA - University of Michigan (1978), University of Michigan Law School (1983).
Our principals, Mike and Doug, have a unique legal and financial services skill set developed through years of experience working with companies and individual clients |
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What is your approach to financial planning? |
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We take a holistic approach to financial planning. We incorporate all aspects of an individuals financial life into our plans (employee benefits, risk management, debt management, tax, investment management (education savings, retirement savings,and general wealth building), and estate planning). We also incorporate business planning when appropriate. |
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What services do you offer? |
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Comprehensive financial planning by a certified financial planner (CFP®), estate planning, investment management, retirement planning, educational planning, insurance (life, disability, long-term care, Medicare Supplements, and Medicare Advantage), annuities (fixed, indexed, and variable), mutual funds, stocks, and bonds. We serve as both Registered Representatives and RIA Representatives. |
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| Q. |
Will you be the only person working with me? |
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You will work with one (or both) of the two principals of H&B Financial Group, Mike Hainer (the H) or Doug Burgdorf (the B). |
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How are you compensated? How will I pay for your services? |
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That depends on you. If we act on your behalf as a registered representative, we will be paid a commission. If we act on your behalf as a registered investment advisor representative, we will be paid a fee. We discuss the differences and enable you to choose the form of representation that you feel is most appropriate. |
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If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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Yes. We feel that it is important for a client to understand the investment being made and how that investment works within their portfolio to meet their overall objective(s). We believe that this type of transparency is a critical component of the trust necessary to create successful long term client relationships. |
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Do you offer any guaranteed results? |
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Firms offering market based investments are not permitted (by regulation) to guarantee results. However, we are able to create personalized comprehensive financial plans that are appropriate for those who are at the very conservative end of the risk spectrum. |
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How much risk should I be willing to take? |
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Together, after completing an in-depth analysis of your current financial situation, future needs, and future goals, we can determine an appropriate level of risk for your investment portfolio. |
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Have you ever been charged with any breaches? |
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What carrier(s) do you represent? |
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We work with many financial intermediaries in our industry to help us achieve our clients objectives. However, as an independent financial advisor and fiduciary, we represent the best interests of our clients not the best interests of a financial intermediary. |
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How long does it take to complete the application and approval process? |
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That depends on a number of factors. Suffice to say, it is in everyone's best interests to see that the process moves as quickly as possible. Accordingly, we do our best to move the process along, typically 3-6 weeks. |
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What services do you provide? What are your specialties? |
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Comprehensive financial planning by a certified financial planner (CFP®), estate planning, investment management, retirement planning, educational planning, insurance (life, disability, long-term care, Medicare Supplements, and Medicare Advantage), annuities (fixed, indexed, and variable), mutual funds, stocks, and bonds. We serve as both Registered Representatives and RIA Representatives. |
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What is your experience? How many clients do you currently manage? |
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Both my partner and I have been assisting individual clients and small business owners for almost 10 years. Mike has been creating customized estate plans for his clients for over 20 years. |
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Do you provide a free initial consultation? |
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Yes, providing a free initial consultation provides both sides to ensure that there is a good long-term fit prior to any commitments being made. |
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Why should I choose you as my financial advisor? |
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H&B Financial Group, Inc. is a comprehensive financial planning and investment management firm. In other words, we incorporate all aspects of financial and estate planning in a cohesive, cost effective, and tax efficient manner that is easily understood. |
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What kind of plans do you specialize in? |
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401K, Profit Sharing Plans, SIMPLE Plans, and Simplified Employee Pensions (SEPs). |
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Do you have a minimum requirement for number of employees or total investment value? |
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Do you offer any additional services? |
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Unlike many providers who only give general seminars publicly, we will meet with employees privately. It is our experience that many questions do not get asked because people are afraid or embarrassed to ask them in public. As employees become more and more accountable for their retirement assets it is extremely important that they have a plan and understand it. |
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What are your qualifications? |
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I am a Certified Financial Planner with almost 10 years experience and my partner Mike has been creating estate plans for over 20 years. |
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What is your approach to 401 K plan rollovers? |
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As stated above we take a holistic approach to financial planning. We do not look at any one aspect of an individuals financial life separately from the whole. In other words we incorporate a 401K plan rollover into an individuals overall financial plan. |
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How long does the process of rolling over a 401K plan usually take? |
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Most of the time it is very quick but it is really dependent on how quickly the existing custodian reliquishes the funds. |
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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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Why should I roll over my 401K plan to your firm? |
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Because we do an excellent job of creating and implementing a comprehensive financial plan and not just handling 401K rollovers. |
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| Q. |
Do you provide a free initial consultation? |
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