| Advisor Profile |
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| Name: |
Thomas Doncaster |
| Phone Number: |
(509) 396-5103 |
| Website: |
Visit Website
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Business Description |
| Services provided: Insurance, 3rd Party Asset Investments and Fee-Based Advisory Services |
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General Information |
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| Name of Broker/Dealer: |
Independent Financial Group, LLC
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| Name of Custodial Firm: |
Pershing LLC
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| States Licensed in: |
WA,OR,ID,CA,AZ,MO,OH and CO.
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| States Willing to do Business in: |
WA,OR,ID,CA.
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| Years of Experience in Financial Services: |
20
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| Number of Years with Current Firm: |
20
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| I work with the following types of clients: |
Individual Investors, Businesses
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| Foreign Languages Serviced: |
Spanish
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Services |
| Investment Types: |
UIT's, Mutual Funds, Bonds, Annuities, Insurance, Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Chartered Wealth Manager, Life Underwriter Training Council Fellow (LUTCF), Chartered Life Underwriter (CLU®)
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| Securities Licenses: |
Series 65, Series 63, Series 6
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| Insurance and Annuity Licenses: |
Variable Annuity, Long Term Care, Variable Life, Disability, Annuity, Health, Life
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| Financial Organization Memberships: |
NAFEP - Nat.Ass. of Fin/Estate Professionals, Society of Financial Services Professionals, Million Dollar Roundtable
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| Non-Financial Organization Memberships: |
Tri-Cities Regional Chamber, Tri-Cities Estate Planning Council
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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: |
400
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| Firm's Number of Planning Clients: |
100
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| Firm's Number of Managed Clients: |
200
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| Assets Managed by Firm: |
$63,000,000
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| Advisor's Number of Clients: |
400
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| Advisor's Number of Managed Clients: |
200
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| Advisor's Number of Planning Clients: |
100
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| Assets Managed by Advisor: |
$63,000,000
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Compliance |
| Registered Representative: |
Yes
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| Investment Advisor Representative: |
Yes
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| Compliance Disclosures in Last 5 years: |
I do not 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: |
$100,000
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| Compensation Methods: |
Commissions, Hourly, Flat Fee
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| Fee % Based on Assets: |
1.5
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| Additional Details on Charges: |
Fee-based accounts are charged a flat fee based on portfolio balance. Under $ 250,000 a 2únnual fee is assessed, $ 250,001 - $ 500,000 a 1.75ÿee, from $ 500,001 to $ 750,000 a 1.5ÿee and $ 750,001 to $1,000,000 a 1.25ÿee is assessed. Any balance over $ 1,000,000 is a flat percentage of 1ïp to $ 3,000,000.
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| Minimum Fee Charged for Managed Accounts: |
$500
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| Minimum Fee Charged for Hourly Planning Accounts: |
$300
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| Minimum Fee Charged for Flat Fee Accounts: |
$500
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| Prepared By: |
Thomas Doncaster |
| Most Recent Update: |
07/28/2008 |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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Yes, within the first 30 days. |
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What are your qualifications? What is your education background? |
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I have over 20 years experience with educational emphasis on Weath accumlation, distribution and income planning. In addition, we also provide unique and creative ways of transfering wealth by utilizing tools and strategies that are tax efficient. |
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What is your approach to financial planning? |
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We typically look at both a worse case and best case scenario in order to properly focus on capital preservation and moderate to aggressive growth of the clients portfolio. |
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What services do you offer? |
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Under Insurance we offer: Life, Disability and Long Term Care Insurancne.
Under Investments: Tax Deferred Annuities, Mutual Funds, UIT's etc.
Under Fee-based: 3rd Party Asset Management, WRAP Accounts and Advisory Services. |
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How many clients do you currently manage? |
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We manage approximately 380 clients with a total of $ 63,000,000 of AUM. |
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Will you be the only person working with me? |
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Initially I would be the only one. As time goes on, you'd meet our staff and other advisors that assist in the services that we provide to our clients. |
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How are you compensated? How will I pay for your services? |
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We structure our compensation based on an annual flat fee. In some cases we do recommend commission based account if there are saving elements for the client. |
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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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Yes, we generally contact the client to review options and strategies prior to making any changes or modifications to the account. |
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Do you offer any guaranteed results? |
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If the client desires some type of Principal Protection to their investments, we do explore and present insurance contracts that may be compatible to their needs. |
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How much risk should I be willing to take? |
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We generally look at risk from the clients perspective. We refer to this as the clients sleep factor. In other words, no more than would affect the clients ability to be comfortable. |
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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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We focus our services in three areas: Wealth Accumulation, Wealth and Income Distributions and Wealth Transfer. |
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What is your experience? How many clients do you currently manage? |
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We have over 20 years of experience. We manage approximately 380 clients with a total of over $ 63,000,000. |
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What financial institution(s) do you represent? |
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We represent over 100. A list would be provide at the initial interview. |
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How do you charge for your services? |
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We have both fee-based platforms and commision based platforms. We examine both and implement whichever is appropriate for the client. |
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Do you provide a free initial consultation? |
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Yes, the first hour is without a charge or fee. |
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Why should I choose you as my financial advisor? |
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You'll find that what separates us from others is our unique ability to tailor plans around your needs. We service all the products and services that we sell. In addition, we periodically review them with the client every year. |
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What are your qualifications? |
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65% of the business we focus on is in the qualified accounts arena.
For the past 20 years, we have become very familiar with the IRS rules in connection with Pensions and 401-K's. |
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What is your approach to 401 K plan rollovers? |
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Depending on the client's age, we typically suggest a trustee to trustee rollover if the client is seeking multi-professional asset management with a tailored portfolio. |
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How long does the process of rolling over a 401K plan usually take? |
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Generally we find that most occur in less than 30 days, once all the proper paperwork is submitted. |
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What financial institutions do you represent? |
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We have over 100. A list will be provided at the initial interview. |
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How many years of experience do you have? |
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I have over 20 years of experience. |
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What are your fees for this service? |
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We utilize an annual flat-fee approach. |
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How many 401K rollover clients do you currently manage? |
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We currently have approximately 20 qualified accounts. |
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Why should I roll over my 401K plan to your firm? |
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You'll find that working with us and our uniqe approach to asset management will deliver peace of mind and a truly professional approach to service. |
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Do you provide a free initial consultation? |
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Yes, the first hour is without a fee or charge |
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