| Advisor Profile |
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| Name: |
Fredric Weldon, CFA |
| Phone Number: |
(508) 281-1199 |
| Website: |
Visit Website
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Business Description |
Mission:
Our mission is to insure the financial safety and peace of mind of a limited number of retired clients. We believe a planned retirement is a safe retirement, and thereby a happy retirement.
Services:
Our suite of services includes a 20 year budget, investment management, tax planning, tax returns, withdrawals and withholding, long term care insurance, and estate planning. We call this our Retirement Income Package, and it provides our clients with a continuous view of where they should be, and how they are doing. We eliminate the fear of running out of money before running out of time, and the waste of running out of time, before running out of money.
Relationship:
We look for long term relationships with each of our clients. When the bond of familiarity grows between our clients and us, life improves. It?s easier and more effective to service clients we know well, while clients gain the confidence of knowing we will take care of them. |
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General Information |
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| Name of Broker/Dealer: |
Purshe Kaplan Sterling Investments
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| States Licensed in: |
CT, FL, ME, MA, NH
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| Years of Experience in Financial Services: |
14
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| Number of Years with Current Firm: |
5
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| I work with the following types of clients: |
Individual Investors
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Education |
| Academic Background |
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MBA - Kellogg Graduate School at Northwestern University (1977)
Bachelors degree, Engineering - Union College (1974) |
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Services |
| Investment Types: |
International Investments, Alternative Investments, Mutual Funds, Annuities
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Chartered Financial Analyst (CFA)
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| Securities Licenses: |
Series 7, Series 24
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| Insurance and Annuity Licenses: |
Annuity
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| Financial Organization Memberships: |
Boston Security Analysts Society
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| Non-Financial Organization Memberships: |
Former board member of the American Cancer Society and the Hopkinton Education Foundation.
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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Compliance |
| 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: |
$250,000
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| Compensation Methods: |
Based on Assets
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| Fee % Based on Assets: |
0.9%
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| Additional Details on Charges: |
Initial meetings are complementary for qualified inquires, and usually include the development of a financial plan. Management fees are assessed at 0.225% of assets under management, per quarter, in arrears. (9/10th of a percent per year) Polaris Advisors has no set up charges or termination fees. All services described except lawyers fees for documenting estate plans are included.
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| Prepared By: |
Fredric Weldon, CFA |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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We do not charge upfront fees or retainers. When a client joins us, there us usually a month or so before any fees are charged at all. If a client is not satisfied, they can terminate before being charged, and we would not pursue payment for services rendered. |
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What are your qualifications? What is your education background? |
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MBA in Finance and Accounting, 14 years as a loan officer, and 16 years in the investment business. Passed the Chartered Financial Analyst requirements in 1996. |
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| Q. |
What is your approach to financial planning? |
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We prepare a long term cash flow plan, called a Retirement Income Plan to help clients understand their transition from work to retirement. |
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What services do you offer? |
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Investment Management, Financial Planning, Tax Advice, Insurance Advice and Estate Planning Advice. |
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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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How are you compensated? How will I pay for your services? |
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Fee only, usually debited from the accounts, quarterly. |
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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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No, we operate like a mutual fund, maintaining your accounts within risk tolerance limits set up in advance. When changes are made to the accounts in our practice, they are applied uniformly accross all applicable accounts at the same time. |
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| Q. |
Do you offer any guaranteed results? |
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No, investing is not about guarantees. Insurance Companies offer guarantees, but they come with penalties for early withdrawal, and guaranteed interest is much less than the historical average annual returns to the stock and bond markets. |
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How much risk should I be willing to take? |
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That depends on how long you can leave the bulk of your money invested, what the rate of your periodic withdrawals need to be, and your personal fortitude to remain steadfast in the face of financial panic. |
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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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Investment Management, Financial Planning, Tax Advice, Insurance Advice and Estate Planning Advice.We specialize in advising clients on their transition from work to retirement. |
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What is your experience? How many clients do you currently manage? |
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MBA in Finance and Accounting, 14 years as a loan officer, and 16 years in the investment business. Passed the Chartered Financial Analyst requirements in 1996. We have about 90 clients. |
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What financial institution(s) do you represent? |
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We are independent because we do not believe it's ethical to be representing clients while we are expected to sell the products and services of any financial institution. Our firm is independently registered with the Securities and Exchange Commission to charge client's only fees for services rendered. |
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How do you charge for your services? |
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Do you provide a free initial consultation? |
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Yes, for qualified prospective clients. Since our revenue is a percent of assets we manage, a prospective client should have at least $250,000 in funds to commit to our firm. |
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Why should I choose you as my financial advisor? |
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Because we are honest, ethical, independent and non biased advisors that represent only you, and are paid by only you. We use a conservative process that relies on no load mutual funds and Exchange Traded Funds to limit risk and all our client accounts are safely in the custody of Fidelity Investments. |
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What are your management fees? |
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What kind of plans do you specialize in? |
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Smaller employers, 5 to 50 employees |
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Do you have a minimum requirement for number of employees or total investment value? |
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What type of plans do you offer? |
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Various Profit Sharing programs, such as age based or new comparability, coupled with 401k arrangements, Simple IRAs and Simple 401k plan. |
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Do you offer any additional services? |
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Seminars and enrollment meetings. Retirement Income Planning for departing employees with $250,000 in assets. |
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What are your qualifications? |
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MBA in Finance and Accounting, 14 years as a loan officer, and 16 years in the investment business. Passed the Chartered Financial Analyst requirements in 1996. |
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What is your approach to 401 K plan rollovers? |
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We prepare a long term cash flow plan, called a Retirement Income Plan to help clients understand their transition from work to retirement. We use this plan to develop a distribution plan for a 401k rollover that meets the clients long term needs. |
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How long does the process of rolling over a 401K plan usually take? |
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As short as a couple of meetings, to as long as a couple of years. We've had clients with severance arrangements that stretched out their rollover to two years. |
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What financial institutions do you represent? |
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We are independent because we do not believe it's ethical to be representing clients while we are expected to sell the products and services of any financial institution. Our firm is independently registered with the Securities and Exchange Commission to charge client's only fees for services rendered. |
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How many years of experience do you have? |
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MBA in Finance and Accounting, 14 years as a loan officer, and 16 years in the investment business. Passed the Chartered Financial Analyst requirements in 1996. |
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What are your fees for this service? |
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There is no fee for structuring a rollover. Clients pay normal investment management fees for assets we manage thereafter. |
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How many 401K rollover clients do you currently manage? |
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Most of our 90 clients came to us through the 401k rollover process. |
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Why should I roll over my 401K plan to your firm? |
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Because we are honest, ethical, independent and non biased advisors that represent only you, and are paid by only you. We use a conservative process that relies on no load mutual funds and Exchange Traded Funds to limit risk and all our client accounts are safely in the custody of Fidelity Investments. |
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Do you provide a free initial consultation? |
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Yes. For prospective clients with at least $250,000 in assets, we will provide an initial retirement income plan with recommended rollover strategies at no charge. |
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