| Advisor Profile |
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Business Description |
At Charles Edward Investment Management we believe it is virtually impossible to offer clients objective, unbiased investment advice if you are affiliated with a company that markets their own proprietary financial products. That is why Charles Edward Investment Management is an independent business. We utilize the largest "independent" broker/dealer (LPL Financial) to provide custodianship of our client's assets and also provide us with an "open architecture" platform from which to access a wealth of investment vehicles.
Like other professionals, we are paid largely on a fee basis. This allows us to place ourselves on the side of our clients, not an employer. We are not product driven. Our advice is impartial, with no conflict of interest.
We provide portfolio management with emphasis on managing risk first and performance second. Our strategies are built on the premise that our clients should only take as much risk as they need in order to pursue their goals. Client goals are determined before money is invested in order to set risk and performance parameters.
Historically, institutions like Yale & Harvard Endowments have out-performed most investors, because they are: long term oriented, broadly diversified, disciplined, risk managed. We attempt to duplicate that process for our clients.
Charles Edward Investment Management provides regular client contact via periodic statements, internet access and periodic reviews. In addition, we are always available for telephone consultations if there are questions. |
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General Information |
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| Name of Broker/Dealer: |
LPL Financial Corporation
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| States Licensed in: |
CA, FL, IN, KY, MI
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| Years of Experience in Financial Services: |
22
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| Number of Years with Current Firm: |
5
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Education |
| Academic Background |
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Advest Institute: Harvard University, 2004
BS, Business Administration - Indiana University |
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Services |
| Investment Types: |
Alternative Investments, Exchange Traded Funds (ETFs), Mutual Funds, Bonds, Annuities, Stocks
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant
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| Securities Licenses: |
Series 53, Series 7, Series 24, Series 63, Series 65
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| Insurance and Annuity Licenses: |
Variable Annuity, Annuity
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| Financial Organization Memberships: |
Financial Planning Association (FPA)
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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Compliance |
| Registered Representative: |
Yes
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| Investment Advisor 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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| Minimum Portfolio Size for New Managed Accounts: |
$100,000
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| Compensation Methods: |
Commissions, Based on Assets
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| Prepared By: |
Charles Schmaltz, CFP® |
Frequently Asked Questions |
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| Q. |
Do you have a customer satisfaction or refund policy? |
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No, but some of our product vendors have "products" available that can mitigate risk of loss if that is your primary motive. |
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What are your qualifications? What is your education background? |
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Advest Institute, Harvard University
BS Business Administration, Indiana University
Certified Financial Planner
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| Q. |
What is your approach to financial planning? |
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We believe in only taking as much risk as needed to reach goals. We manage risk first and performance second. We perform "retirement and risk analyses" before investing. We attempt to apply the same investment process that the large endowments like Yale and Harvard apply. They are: long term oriented, broadly diversified, disciplined and risk managed. |
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| Q. |
What services do you offer? |
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Primarily "fee based" money management. We feel that this puts us on the client's side, instead of an employer. That is why we are an independent business, which allows for un-biased advice. We are specialists in investments and retirement planning. |
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How many clients do you currently manage? |
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Will you be the only person working with me? |
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Yes. I have emplyees that perform only administrative duties. I manage the money and I am the only one who has access to sensitive information. |
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How are you compensated? How will I pay for your services? |
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We are mostly "fee based". No charges up front. Again, this puts us on the side of the client and nobody else. Our clients success becomes our success. |
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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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No. My clients control how much risk I can take on their behalf by completing various questionnaires and explaining to me how much risk they are willing to take. Again, the "retirement plan analysis" tells us how much risk our clients "need" to take. The "risk analysis" tells us how much risk our clients are willing to take. The final "risk" and "performance" parameters are then set. |
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| Q. |
Do you offer any guaranteed results? |
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Not on advisory accounts, but we also work with some "vendors" outside of the "advisory account" arena that can provide "products" that can mitigate risk. |
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| Q. |
How much risk should I be willing to take? |
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Again, the "risk" and "retirement" analyses that we perform will help you/us to arrive at risk and performance parameters designed to allow you to get where you want to go regarding retirement. |
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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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We invest money on a discretionary basis. We are specialists in investments and retirement planning. We think it only make sense for us to be a specialist and we think it only makes sense for you to seek out a specialist. We think that if you try to be all things to all people, you will be very average at all those "things". |
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What is your experience? How many clients do you currently manage? |
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23 years in the business. Approximately 150 current clients. |
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| Q. |
What financial institution(s) do you represent? |
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LPL Financial is our broker/dealer. LPL is the largest "independent" broker/dealer in the country. LPL acts as custodian for the funds, so we do not hold any client assets. We also represent almost all available product vendors in the USA. |
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How do you charge for your services? |
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Fees are taken out of client money funds automatically on a quarterly basis. |
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| Q. |
Do you provide a free initial consultation? |
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Why should I choose you as my financial advisor? |
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We are specialists in investments and retirement planning. We try to take only as much risk as is necessary to accomplish your goals. We attempt to apply the same process that the large endowments like Harvard and Yale apply. The large endowments have out-performed most other investors because they are: long term oriented, broadly diversified, disciplined and risk managed. |
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What are your qualifications? |
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23 years specializing only in investments and retirement planning.
Certified Financial Planner.
Advest Institute, Harvard University.
BS Business Management, Indiana University. |
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| Q. |
What is your approach to 401 K plan rollovers? |
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We only take as much risk as is necessary to accomplish your goals. Beyond that, we attempt to apply the same process that the large endowment like Harvard and Yale apply. The large endowments have out-performed most other investors over time, because they are: long term oriented, broadly diversified, disciplined and risk managed. |
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How long does the process of rolling over a 401K plan usually take? |
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What financial institutions do you represent? |
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LPL Financial is my broker/dealer. LPL is the largest "independent" broker/dealer in the country. The vendors I represent are too numerous to mention. We can represent virtually all availabe product vendors in the USA. |
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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 run from 1.1% to 1.35% annually depending on the amount of money invested. |
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How many 401K rollover clients do you currently manage? |
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Why should I roll over my 401K plan to your firm? |
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23 years experience. Our philosophy that you should only take as much risk as is necessary to accomplish your goals. Beyond that, we follow the general process of the large endowments like Harvard and Yale. The endowments have out-performed most other investors by being: long term oriented, broadly diversified, disciplined and risk managed. |
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Do you provide a free initial consultation? |
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