| Advisor Profile |
 |
| Name: |
Tim Koenning |
| Phone Number: |
(678) 804-7424 |
| Website: |
Visit Website
|
|
|
 |
| Research This Advisor |
|
| Request More Information |
|
|
|
|
|
|
Business Description |
"You worked hard for what you have and we want to help you keep it."
Magnolia Financial Advisors is a diversified and fully independent investment and retirement planning advisory firm. With more than 70 years of combined experience, our strength is our ability to work as a 'team' for you. We dedicate our time assisting you in structuring a plan that will not only help you build your assets so as to maintain your lifestyle during your retirement years, we can also design a lifetime income you cannot outlive and/or provide a legacy that will last for generations.
Magnolia's scope of services include retirement planning, estate planning, pension maximization, investment management/advice, asset protection, IRA & 401k rollovers, business continuation, tax preparation/strategies and insurance strategies/advice.
Along with the wealth of experience from its 4 managing partners, Gary Burger CFP®, Jay Grubb, Phil Manley CPA, and Tim Koenning, Magnolia Financial Advisors, LLC also has at its disposal outside experts that work as strategic partners in areas such as business tax planning, charitable giving, qualified and non-qualified plans, legal assistance, disability plans, & long-term care planning.
So, when you contact us here at Magnolia Financial Advisors, LLC., you're reaching out to the "one-stop" for all your financial needs. |
|
| |
|
|
General Information |
|
|
|
|
| Insurance License#: |
453082
|
|
| Name of Broker/Dealer: |
American Wealth Management, Inc.
|
|
| Name of Custodial Firm: |
Raymond James & Assoc. and Schwab Institutional
|
|
| States Licensed in: |
GA, LA, TX, SC, NC, FL, NY, NJ, MA,
|
|
| States Willing to do Business in: |
GA, LA, FL, TX, NY, NJ
|
|
| Years of Experience in Financial Services: |
21
|
|
| Number of Years with Current Firm: |
12
|
|
| Work Experience: |
Sherwood Capital, Bear Sterns, Prudential Securities, Raymond James & Assoc. and American Wealth Management, Inc.
|
|
| I work with the following types of clients: |
Individual Investors, Businesses
|
|
| Foreign Languages Serviced: |
Spanish
|
|
| |
|
Education |
| Academic Background |
| |
Oxford College of Emory University (1984)
Georgia State University (1986) |
|
| |
|
Services |
| Investment Types: |
Alternative Investments, Exchange Traded Funds (ETFs), Bond Mutual Funds, Mutual Funds, Bonds, Stocks, Insurance, Annuities
|
|
| |
|
Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant, Certified Public Accountant (CPA), Insurance License (Life & Health; Long Term Care; Specify below)
|
|
| Securities Licenses: |
Series 65, Series 7
|
|
| Insurance and Annuity Licenses: |
Variable Annuity, Variable Life, Annuity, Health, Life
|
|
| Financial Organization Memberships: |
Million Dollar Roundtable, National Association of Insurance and Financial Advisors (NAIFA)
|
|
| Non-Financial Organization Memberships: |
President of the Buford Business Alliance, Board Member of Kiwanis of N. Gwinnett, President of Referrals to Revenues BNI Chapter, member of N. Gwinnett Business Assoc., member of Gwinnett Chamber of Commerce
|
|
| |
|
Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
|
|
| I work with clients as part of a team: |
Yes
|
|
| Firm's Number of Clients: |
300
|
|
| Firm's Number of Planning Clients: |
25
|
|
| Firm's Number of Managed Clients: |
50
|
|
| Assets Managed by Firm: |
$50,000,000
|
|
| Advisor's Number of Clients: |
60
|
|
| Advisor's Number of Managed Clients: |
15
|
|
| Advisor's Number of Planning Clients: |
5
|
|
| Assets Managed by Advisor: |
$20,000,000
|
|
| |
|
Compliance |
| Registered Investment Advisor: |
Yes
|
|
| Registered Representative: |
Yes
|
|
| Investment Advisor Representative: |
Yes
|
|
| Compliance Disclosures in Last 5 years: |
I have a clean record
|
|
| Criminal Disclosures in Last 5 years: |
I have a clean record
|
|
| |
|
Compensation & Fees |
| I am a fee-based financial professional: |
Yes
|
|
| Minimum Portfolio Size for New Managed Accounts: |
50,000
|
|
| Compensation Methods: |
Flat Fee, Commissions, Based on Assets
|
|
| Fee % Based on Assets: |
1 to 2
|
|
| Additional Details on Charges: |
Since we are totally independent and full service, the charge options very from situation to situation. We discuss the alternatives extensively with each prospective client.
|
|
| |
|
| |
| |
| Prepared By: |
Tim Koenning |
Frequently Asked Questions |
|
| Q. |
Do you have a customer satisfaction or refund policy? |
| |
We have a Code of Accountability. |
|
| Q. |
What are your qualifications? What is your education background? |
| |
Magnolia Financial Advisors is a team with over 70 years of combined experience in the financial services industry. Our 4 Managing Partners all have various specialties to serve everything from tax preparation, insurance strategies, to retirement planning.
My personal qualifications are my current licenses I hold. My personal education is a BBA from Georgia State University in 1986. |
|
| Q. |
What is your approach to financial planning? |
| |
We use a team approach. We also utilize outside consultants when the need arises. |
|
| Q. |
What services do you offer? |
| |
Our scope of services include retirement planning, estate planning, pension maximization, investment management/advice, asset protection, IRA & 401k rollovers, business continuation, tax preparation/strategies and insurance strategies/advice. |
|
| Q. |
How many clients do you currently manage? |
| |
As a team, including tax preparation clients, we currently serve over 500 clients. |
|
| Q. |
Will you be the only person working with me? |
| |
Once again, we operate as a team. However, in many cases we will have a lead advisor that maintains the relationship. |
|
| Q. |
How are you compensated? How will I pay for your services? |
| |
Since we are totally independent and full service, we have the flexibility in our compensation structures. We will always discuss this upfront with every potential client. |
|
| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
| |
We can operate under a discretionary or non-discretionary basis. |
|
| Q. |
Do you offer any guaranteed results? |
| |
We do have availability of products that do offer guarantees. |
|
| Q. |
How much risk should I be willing to take? |
| |
This all depends on your individual risk tolerance and time horizon. We have ways to help determine this for you. |
|
| Q. |
Have you ever been charged with any breaches? |
| |
Yes. However, these were not customer related and I prevailed in arbitration in 2000. |
|
| Q. |
What carrier(s) do you represent? |
| |
Since we are totally independent, we represent a wide variety of insurance carriers such as AIG, ING, Allianz, Nationwide, United of Omaha, Aviva and Prudential to name a few. |
|
| Q. |
Are there any pre-existing conditions that you can not cover? |
| |
We can access coverage for a wide variety of pre- existing conditions. THis all varies from carrier to carrier. |
|
| Q. |
How long does it take to complete the application and approval process? |
| |
Typically, the process takes 4 to 8 weeks. Once again that varies because a great deal of factors. |
|
| Q. |
Is there a maximum age that you can insure? |
| |
No. Once again, we acess to a wide array of choices in the insurance market. Simply call us for assistance. |
|
| Q. |
What services do you provide? What are your specialties? |
| |
Our scope of services include retirement planning, estate planning, pension maximization, investment management/advice, asset protection, IRA & 401k rollovers, business continuation, tax preparation/strategies and insurance strategies/advice.
My personal specialty is retirement planning. |
|
| Q. |
What is your experience? How many clients do you currently manage? |
| |
As a group we have approx 300 investment & retirement planning accounts. I personally have approx 50 households. |
|
| Q. |
What financial institution(s) do you represent? |
| |
Our broker/dealer is American Wealth Management, Inc. They clear thru Raymond James & Assoc. We also have account with Charles Schwab Institutional.
As for insurance, we can transact business in over 20 individual companies. |
|
| Q. |
How do you charge for your services? |
| |
Since we are totally independent and full service, we have the flexibility in our compensation structures. We will always discuss this upfront with every potential client |
|
| Q. |
Do you provide a free initial consultation? |
|
| Q. |
Why should I choose you as my financial advisor? |
| |
Because you are not selecting one advisor. You have access to an entire team of advisors to help you in various aspects of the financial arena. We consider ourselves a "one-stop" financial solution. |
|
| Q. |
What are your qualifications? |
| |
Approximately 1/3 of our business is retirement plan rollovers. As a team, we are very well versed in various aspects and regulations of retirement plans, including 401k. |
|
| Q. |
What is your approach to 401 K plan rollovers? |
| |
We determine the client's risk tolerance and time horizon prior to making any recommendation. We then have the ability to use many different investment and retirement savings vehicles, including turn-key managed accounts, personally managed accounts, and every classification of annuities. |
|
| Q. |
How long does the process of rolling over a 401K plan usually take? |
| |
Typically, we can have everything processed within 2 business weeks. |
|
| Q. |
What financial institutions do you represent? |
| |
Brokerage services provided by Raymond James & Assoc. and Charles Schwab Institutional Services.
We represent over 20 individual insurance companies. |
|
| Q. |
How many years of experience do you have? |
| |
I have 21 years. My partners: Gary Burger has 19, Jay Grubb has 8 and our CPA partner has 20 as a practicing accountant. |
|
| Q. |
What are your fees for this service? |
| |
We can charge in various formats, including commissions, asset management fees and hourly. |
|
| Q. |
How many 401K rollover clients do you currently manage? |
|
| Q. |
Why should I roll over my 401K plan to your firm? |
| |
Because we apply the team approach with over 70 years of total combined experience in various aspects of retirement planning and tax preparations/strategies. |
|
| Q. |
Do you provide a free initial consultation? |
|
|
|
