| Advisor Profile |
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Business Description |
| Fee-only comprehensive, integrated Financial Life Planning without any affiliation with brokers or insurance agents |
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General Information |
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| States Licensed in: |
PA, NJ and FL
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| States Willing to do Business in: |
PA, NJ
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| Years of Experience in Financial Services: |
30
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| Number of Years with Current Firm: |
27
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| Work Experience: |
Over 30 years of working in this business initially as an insurance agent and ultimately as a financial planner.
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| I work with the following types of clients: |
401K plans, Individual Investors
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Education |
| Academic Background |
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| Bachelor of Arts degree - Cedar Crest College (1973) |
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Services |
| Investment Types: |
Alternative Investments, Exchange Traded Funds (ETFs), Mutual Funds, Bonds, Stocks
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant
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| Securities Licenses: |
Series 65, Life & Health
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| Insurance and Annuity Licenses: |
Life, Health, Annuity, Disability, Long Term Care
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| Financial Organization Memberships: |
Financial Planning Association (FPA), National Association of Personal Financial Advisors (NAPFA)
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| Non-Financial Organization Memberships: |
National Association of Women Business Owners
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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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| Firm's Number of Clients: |
75
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| Firm's Number of Planning Clients: |
70
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| Firm's Number of Managed Clients: |
15
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| Assets Managed by Firm: |
$35,000,000
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| Advisor's Number of Clients: |
75
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| Assets Managed by Advisor: |
$35,000,000
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Compliance |
| 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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| Minimum Portfolio Size for New Managed Accounts: |
$500,000
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| Compensation Methods: |
Flat Fee, Hourly, Based on Assets
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| Fee % Based on Assets: |
Yes
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| Additional Details on Charges: |
Initial Fee for financial planning is based on a formula consisting of a base fee, plus a percentage of income, plus a percentage of net worth. Second year and later, base fee plus a percentage of income.
Asset management fee is based on a declining percentage of the asset value, starting at 1% and reducing to .50%
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| Minimum Fee Charged for Managed Accounts: |
$1500
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| Prepared By: |
Lynn Evans, CFP |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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We absolutely do have a policy of refunding fees or a pro-rata amount of the fee if the clients are not satisfied. Our contracts are renewed annually. |
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What are your qualifications? What is your education background? |
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Because we have been in this business for several decades, we have a loyal and unique business proposition. The professionals are Certified Financial PlannerTM practitioners and adhere to the fiduciary principals of offering fee-only planning and investment advice. Please see our website for particulars on the professionals and our educational backgrounds. |
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What is your approach to financial planning? |
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We practice financial life planning, believing the non-monetary goals of a person and family are as important if not more so than the monetary goals. We do not review financial data until the third meeting after we have reviewed our respective objectives and really feel we can make a difference to achieving the client(s)'s goals. |
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What services do you offer? |
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Financial life planning, investment advising, retirement planning, estate 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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No. We take a team approach to the planning engagement. All the office staff will at some time interact with each client so that all of us are capable of having a conversation with a client at any time. |
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How are you compensated? How will I pay for your services? |
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As fee only planners, we charge a fee based on a client's income and net worth for the first year, then as a percentage of income for each subsequent year. One half of the fee is due at the time the clients signs the contract and the remainder is due at the time the plan is presented. We also charge a separate asset management fee for assets we manage on a sliding scale starting at 1%. |
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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 have no discretionary authority. Our investment partners, however, do have that authority but they must adhere to the investment policy statement guidelines in any trades they make. |
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Do you offer any guaranteed results? |
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How much risk should I be willing to take? |
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Depends on your answers to the Risk Profile. You set the parameters of risk, not us. |
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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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What is your experience? How many clients do you currently manage? |
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What financial institution(s) do you represent? |
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None, we are totally independent. |
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How do you charge for your services? |
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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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Because we are advocates for the client. We have no minimum production requirements for a brokerage house or an insurance company. We represent the client and look for the best for them. |
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What are your qualifications? |
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What is your approach to 401 K plan rollovers? |
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They are part of an overall financial plan and are treated as a piece of the whole, not managed as though they exist in a vacuum. |
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How long does the process of rolling over a 401K plan usually take? |
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Anywhere from 2 weeks to three months. |
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What financial institutions do you represent? |
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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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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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Because you will get the best advice for your money and make sure your interests are served FIRST. |
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Do you provide a free initial consultation? |
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