| 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 individuals with effective 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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| States Willing to do Business in: |
All
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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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| Work Experience: |
Have worked with clients developing and implementing personal financial strategies since 1975
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| I work with the following types of clients: |
Individual Investors, Businesses
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Services |
| Investment Types: |
Options, Exchange Traded Funds (ETFs), Mortgages & Real Estate, Alternative Investments, Options & Futures, FOREX & Currency, Mutual Funds, Commodities, Stocks, Bonds
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant, Chartered Financial Consultant (ChFC®), Certified Financial Planner
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| Financial Organization Memberships: |
Paladin Registry, Financial Planning Association (FPA), Society of Financial Services Professionals, National Association of Personal Financial Advisors (NAPFA)
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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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| 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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| 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, Based on Assets, Flat Fee
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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 |
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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