| Advisor Profile |
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| Name: |
Robert Klosterman |
| Phone Number: |
(612) 424-8953 |
| Website: |
Visit Website
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Business Description |
| Our purpose is to simplify the complexities of wealth for high income, high net worth indivduals with effectve and pragmatic strategies with regards to portfolio, tax and wealth transfer planning. |
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General Information |
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| Insurance License#: |
NA Fee-ONLY
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| Name of Broker/Dealer: |
NA
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| Name of Custodial Firm: |
Schwab/National Advisors Trust
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| States Licensed in: |
Nationally Registered
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| Years of Experience in Financial Services: |
33
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| Number of Years with Current Firm: |
22
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| I work with the following types of clients: |
Individual Investors, Businesses
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Services |
| Investment Types: |
Alternative Investments, Mortgages & Real Estate, Exchange Traded Funds (ETFs), Options, Options & Futures, Bonds, Stocks, Commodities, Mutual Funds, FOREX & Currency
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Certified Financial Planner, Certified Financial Planner (CFP®)
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| Financial Organization Memberships: |
National Association of Personal Financial Advisors (NAPFA), Society of Financial Services Professionals, Financial Planning Association (FPA), Paladin Registry
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| Non-Financial Organization Memberships: |
Rotary, Vistage
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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: |
220
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| Firm's Number of Planning Clients: |
220
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| Firm's Number of Managed Clients: |
220
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| Assets Managed by Firm: |
Yes
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| Advisor's Number of Clients: |
220
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| Advisor's Number of Managed Clients: |
220
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| Advisor's Number of Planning Clients: |
220
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| Assets Managed by Advisor: |
220
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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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Compensation & Fees |
| I am a fee-only financial professional: |
Yes
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| I am a fee-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
1000000
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| Compensation Methods: |
Hourly, Flat Fee, Based on Assets
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| Additional Details on Charges: |
1.25ïn 1s $1,000,000 reducing to .25ïn over $10,000,000
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| Minimum Fee Charged for Managed Accounts: |
10000
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| Minimum Fee Charged for Flat Fee Accounts: |
3000
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| Prepared By: |
Robert Klosterman |
| Most Recent Update: |
05/15/2008 |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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No payment or deposits for services are required in advance. If we want to get paid we need to deliver! |
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What are your qualifications? What is your education background? |
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My career started in 1975 and currently hold the CFP Certification. I obtain over 30 hours of continuing education each year to keep myself current on the strategies available to help our clients. We have received many national recognitions from Worth Magazine, Medical Economics, Wealth Manager Magazine, Minneapolis/St Paul Magazine, Mutual Funds Magazine and Twin Cities Cities Business. |
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What is your approach to financial planning? |
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Effective planning incorporates your values into the process to assure that the solutions offered will be the best fit possible. Our Goals and Values Assessment process will provide realistic and personalized benchmarks to measure success going forward. Multiple what if scenarios are evaluated to provide a high probability solution to acheive your goals. |
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What services do you offer? |
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Wealth management, portfolio management, tax planning and wealth transfer strategies are all part of White Oaks core services. |
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How many clients do you currently manage? |
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Our team of five manages 225 clients. This is less than 50 clients per team member and well below industry averages. This provides allows for a highly personal and attentive approach to your wealth management needs. |
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Will you be the only person working with me? |
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No, we believe a team approach provides the maximum effectiveness to achieve results. I will be a part of all that happens and so will everyone else. |
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How are you compensated? How will I pay for your services? |
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We are a fee-only firm. We do not receive any compensation from any other sources in hard or soft dollars. We work for you and only you! |
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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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We have proven to ourselves and others that the best results are achieved when we have the permission to manage your account the same way we would manage it for ourselves. By the way, we eat out own cooking when it comes to managing portfolios. Ask about how we do this! |
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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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That would be determined not by us alone but by working with you, understanding your objectives, knowing what your needs are and communicating the trade offs you would likely encounter with differing strategies. |
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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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Wealth management, portfolio management, tax planning and wealth transfer strategies are all part of White Oaks core services. |
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What is your experience? How many clients do you currently manage? |
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Our team of five manages 225 clients. This is less than 50 clients per team member and well below industry averages. This provides allows for a highly personal and attentive approach to your wealth management needs. |
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What financial institution(s) do you represent? |
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We are a fee only firm and have no allegiance to any particular finacial institution or firm We are YOUR liaison to the finacial community and virtually all doors are open to us. |
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How do you charge for your services? |
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We are a fee-only firm. We charge a flat fee payable AFTER plan delivery, All fees are quoted in advance based on your personal situation. |
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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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If you want the optimum opportunity with education experience and a top notch team you need to put us your short list. |
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What are your qualifications? |
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My career started in 1975 and currently hold the CFP Certification. I obtain over 30 hours of continuing education each year to keep myself current on the strategies available to help our clients. We have received many national recognitions from Worth Magazine, Medical Economics, Wealth Manager Magazine, Minneapolis/St Paul Magazine, Mutual Funds Magazine and Twin Cities Cities Business. |
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What is your approach to 401 K plan rollovers? |
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First, to understand your objectives and long term needs to properly design and implement an appropriate investment strategy. Then and only then decide on a the strategy and best way to transfer the funds. |
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How long does the process of rolling over a 401K plan usually take? |
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It varies widely depending on the company policies etc. We can have a new account set up and ready to receive money on the same day. The variability is on the senders end. We have deep experience and we will make it happen as soon as possible. |
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What financial institutions do you represent? |
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We are a fee only firm and have no allegiance to any particular finacial institution or firm We are YOUR liaison to the finacial community. |
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How many years of experience do you have? |
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My career started in 1975 and currently hold the CFP Certification. I obtain over 30 hours of continuing education each year to keep myself current on the strategies available to help our clients. We have received many national recognitions from Worth Magazine, Medical Economics, Wealth Manager Magazine, Minneapolis/St Paul Magazine, Mutual Funds Magazine and Twin Cities Cities Business. |
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What are your fees for this service? |
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They vary widely based on the types of services you want. We offer a no obligation meeting to help determine whether or not we are a good fit and which, if any, of our services would be a good fit. Fees start at .5% and go as high as 1.25% based on your needs. |
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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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Experienced Advisors, Top Notch Team, Objective Fee-Only Advice and totla offering of services not limited to one firm. |
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Do you provide a free initial consultation? |
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