| Advisor Profile |
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| Name: |
K. Wade Carpenter, CFP® |
| Phone Number: |
(913) 871-6428 |
| Website: |
Visit Website
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| Request More Information |
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| Disclaimer |
| Securities offered through Commonwealth Financial Network, Member FINRA, SIPC. Summit Wealth Advisors, LLC is a Registered Investment Adviser. |
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Business Description |
| As a Partner of Summit Wealth Advisors, I take a comprehensive approach to the financial planning process. My role as an advocate for my clients can be best summarized by my personal mission statement: "To educate my clients as to their options and alternatives so they can make informed decisions and be the best stewards of their resources." |
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General Information |
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| Name of Broker/Dealer: |
Commonwealth Financial Network
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| States Licensed in: |
KS, MO, AZ, CA, FL, IA, IL, LA, NC, OK, PA, TX
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| Years of Experience in Financial Services: |
16
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| Number of Years with Current Firm: |
2
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| I work with the following types of clients: |
Non-Profit Organizations, Individual Investors, Businesses
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Education |
| Academic Background |
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| Degree in Business Administration - Central Missouri State University |
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Services |
| Investment Types: |
Exchange Traded Funds (ETFs), Mortgages & Real Estate, Alternative Investments, Options & Futures, Mutual Funds, Insurance, Annuities, Stocks, Bonds
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant, Certified Family Business Specialist, Chartered Life Underwriter (CLU®), Chartered Financial Consultant (ChFC®)
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| Securities Licenses: |
Series 63, Series 6, Series 7, Series 65
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| Insurance and Annuity Licenses: |
Annuity, Health, Disability, Life
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| Financial Organization Memberships: |
Financial Planning Association (FPA)
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| Non-Financial Organization Memberships: |
Community LINC
Epsilon Iota chapter of Phi Sigma Kappa
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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: |
300
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| Firm's Number of Planning Clients: |
300
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| Firm's Number of Managed Clients: |
300
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| Assets Managed by Firm: |
$100 million
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| Advisor's Number of Clients: |
250
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| Advisor's Number of Managed Clients: |
250
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| Advisor's Number of Planning Clients: |
250
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| Assets Managed by Advisor: |
$80 million
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Compliance |
| Registered Investment Advisor: |
Yes
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| 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: |
$500,000
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| Compensation Methods: |
Based on Assets, Hourly, Flat Fee, Commissions
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| Fee % Based on Assets: |
1%
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| Minimum Fee Charged for Managed Accounts: |
$5000
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| Minimum Fee Charged for Hourly Planning Accounts: |
$200
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| Minimum Fee Charged for Flat Fee Accounts: |
$1000
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| Prepared By: |
K. Wade Carpenter, CFP® |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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We are happy to refund any financial planning fees if the client does not feel like that have received adequate value for the fee they have paid. This applies only to financial planning fees and not investment advisory fees. |
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What are your qualifications? What is your education background? |
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What is your approach to financial planning? |
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Our approach is client driven and comprehensive. We create customized plans and strategies for each client based on their unique needs and do not believe in a "one size fits all" or "cookie-cutter" approach. |
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What services do you offer? |
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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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I will be the relationship manager and primary contact. You will also have a fair amount interaction with our other three team members. |
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How are you compensated? How will I pay for your services? |
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We are fee-based advisors. The majority of our revenue comes from investment advisory fees. |
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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 the flexibility to manage your account utilizing discretion (without your consent on every change) or we can manage your account by making recommendations to you and waiting for your approval before making any changes. You (the client) decide which method you would prefer. |
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Do you offer any guaranteed results? |
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The only guarantee that we offer is that we will do our best to help our clients achieve their unique goals and objectives. |
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How much risk should I be willing to take? |
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We will help you determine this based on a number of factors that are unique to you. |
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| Q. |
Have you ever been charged with any breaches? |
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