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Business Description |
| Advanced Asset Management, LLC was established in 1997 to provide fee-only financial planning and investment management services to individuals who desire to work with a financial professional on a fee-only basis. Fees are negotiable based on the work involved and the assets to be managed. Fees begin at $500 for financial planning and range from 1/2% to 2% for assets under management. Clients have the flexability to be financial planning only clients or investment management clients or both. It is AAM's desire to establish a long-term financial planning and investment management relationship with each client. |
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General Information |
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| Name of Custodial Firm: |
Charles Schwab
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| States Licensed in: |
MI FL
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| States Willing to do Business in: |
Any
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| Years of Experience in Financial Services: |
17
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| Number of Years with Current Firm: |
12
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| Work Experience: |
Certified Financial Planner (TM) Practitioner since 2000, CFP Board # 65853
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| I work with the following types of clients: |
Individual Investors, Non-Profit Organizations
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Education |
| Academic Background |
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| BA, Accounting and Business - Aquinas College (1993) |
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Services |
| Investment Types: |
Bonds, Stocks, Mutual Funds, Alternative Investments, Real Estate, Exchange Traded Funds (ETFs), Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant
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| Financial Organization Memberships: |
Paladin Registry, National Association of Personal Financial Advisors (NAPFA), Financial Planning Association (FPA), Edelman Financial Network
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| Non-Financial Organization Memberships: |
Knights of Columbus
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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| Firm's Number of Clients: |
370
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| Firm's Number of Planning Clients: |
120
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| Firm's Number of Managed Clients: |
370
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| Assets Managed by Firm: |
$40M
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| Advisor's Number of Clients: |
221
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| Advisor's Number of Managed Clients: |
221
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| Advisor's Number of Planning Clients: |
150
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| Assets Managed by Advisor: |
$25M
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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 |
| Fee Structure: |
I am a fee-only financial professional
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| Minimum Portfolio Size for New Managed Accounts: |
$0
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| Compensation Methods: |
Hourly, Flat Fee, Based on Assets
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| Additional Details on Charges: |
Starts at 1.00% down to 0.5% based on amount of assets managed.
Can vary depending on time spent and complexity. Willing to negotiate.
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| Minimum Fee Charged for Managed Accounts: |
0.5%
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| Minimum Fee Charged for Hourly Planning Accounts: |
$500
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| Minimum Fee Charged for Flat Fee Accounts: |
$300
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| Prepared By: |
Ronald J. VanSurksum |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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Yes. If you are not happy with my services your fee will be refunded. |
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| Q. |
What are your qualifications? What is your education background? |
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I have a bachelors degree in Business and Accounting from Aquinas College in Grand Rapids Michigan. I obtained my Certified Financial Planner (TM) Certificate in 2000 ID # 65853. |
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| Q. |
What is your approach to financial planning? |
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Goals based financial planning. Making the most of the resources you have available to help you achieve your financial goals. |
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| Q. |
What services do you offer? |
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Anything I can do to make your life easier within my qualifications! Mostly financial planning and investment management, 401k rebalancing, cash and debt management. |
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| Q. |
How many clients do you currently manage? |
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221 personally, 370 as a firm |
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| Q. |
Will you be the only person working with me? |
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How are you compensated? How will I pay for your services? |
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Fees are charged based on assets managed or by the project at a fixed or hourly rate. |
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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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Not necessarily. I have discretion to manage but I will call first if you want me to. |
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| Q. |
Do you offer any guaranteed results? |
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How much risk should I be willing to take? |
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That depends on when you will need the money. Let's discuss! |
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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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I am a general practitioner. I look for opportunities to help and refer you to experts if needed. |
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| Q. |
What is your experience? How many clients do you currently manage? |
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I have been in the financial services business since 1992. I have been an advisor to clients since 1997. I currently have 221 clients. |
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| Q. |
What financial institution(s) do you represent? |
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I primarily use Charles Schwab as my custodian. |
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| Q. |
How do you charge for your services? |
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Assets under management, Hourly or by the project. |
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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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I will work for you and with you as your long-term financial planner. I charge reasonable fees and am willing to work with most people who genuinely want to improve their financial position. |
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| Q. |
What is your approach to 401 K plan rollovers? |
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I manage 401k rollovers based on your cash flow needs and your ability to accept reasonable market risk from conservative to growth oriented portfolios. |
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| Q. |
How long does the process of rolling over a 401K plan usually take? |
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1 week to a month depending on the custodian |
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What financial institutions do you represent? |
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Mostly I work with Charles Schwab as my custodian. |
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| Q. |
How many years of experience do you have? |
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I have been in the financial services industry since 1992 and have been working with my clients since 1997. |
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What are your fees for this service? |
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Asset management services range from 1/2% to 2% of the amount invested. Financial planning and consulting fees range from $300 to $1,000. |
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| Q. |
How many 401K rollover clients do you currently manage? |
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Of my 200+ personal clients, most of them have completed some type of 401k rollover that I manage. |
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Why should I roll over my 401K plan to your firm? |
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To receive individual cash flow and asset management based on your specific needs. |
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Do you provide a free initial consultation? |
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