| Advisor Profile |
|
 |
| Research This Advisor |
|
| Request More Information |
|
| Disclaimer |
| Securities offered through Royal Alliance Associates, Inc. Member FINRA, SIPC. Advisory Services offered through Focus Financial Network, Inc., a registered investment advisor. |
|
|
|
|
|
Business Description |
| I am an Accredited Asset Management Specialist with over 15 years experience in providing personal financial advise to help people to retire, minimize taxes, and build and preserve efficient investment portfolios. It's my goal to help my clients to implement strategies that will help them to provide for themselves and their loved ones throughout their lives. |
|
| |
|
|
General Information |
|
|
|
|
|
|
| States Licensed in: |
Arizona, California, Florida, Minnesota, New York, Texas, Wisconsin
|
|
| Years of Experience in Financial Services: |
15
|
|
| Work Experience: |
Financial Advisor with IDS/American Express Financial Advisors(now called Ameriprise) in July 1992 and worked there until December 1996. Joined Focus Financial Network,Inc. December 1996.
|
|
| |
|
Education |
| Academic Background |
| |
| BA in Psychology from St. John's University in MN 1983. |
|
| |
|
Services |
| Investment Types: |
Exchange Traded Funds, Variable Insurance Products, Mutual Funds, Bonds, Stocks, Annuities
|
|
| |
|
Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Accredited Asset Management Specialist, Registered Investment Advisor (RIA) (State or SEC) or RIA representative
|
|
| Securities Licenses: |
Series 7, Life & Health, Series 65, Series 63
|
|
| |
|
Firm Information |
| Number of Advisors in Office: |
10 - 99 employees
|
|
| Firm's Number of Clients: |
13500
|
|
| Assets Managed by Firm: |
$1.7 bil
|
|
| Advisor's Number of Clients: |
150
|
|
| Assets Managed by Advisor: |
40,000,000
|
|
| |
|
|
|
Compensation & Fees |
| Minimum Portfolio Size for New Managed Accounts: |
100,000
|
|
| Compensation Methods: |
Commissions, Hourly, Flat Fee, Based on Assets
|
|
| Fee % Based on Assets: |
varies
|
|
|
|
| Additional Details on Charges: |
Fee percentage discounts on larger account sizes. Maximum is 1.50 percent and minimum fee is 0.80 percent of assets under management.
|
|
| Minimum Fee Charged for Managed Accounts: |
500
|
|
| |
|
| |
| |
| Prepared By: |
Mike Jacobson |
| Most Recent Update: |
05/01/2008 |
Frequently Asked Questions |
|
| Q. |
Do you have a customer satisfaction or refund policy? |
| |
We guarantee satisfaction with the financial analysis. If our client is unsatisfied with the analysis service, we will run a corrected financal analysis or refund a flat fee for financial analysis if the client is not satisfied with this work. |
|
| Q. |
What are your qualifications? What is your education background? |
| |
I have over 15 years experience as a Financial Advisor and have completed over 2,000 financial plans for clients and seminar attendees. I have earned the AAMS Accredited Asset Management Specialist designation from the College for Financial Planning. I have a bachelors degree in psychology, which helps me in understanding behavioral finance. |
|
| Q. |
What is your approach to financial planning? |
| |
Start with a financial analysis to understand my clients goals and priorties and what they will need to do to achieve success in these areas. Then, determine strategies to achieve goals. Next, agree on appropriate strategies and implement these. Provide ongoing financial review meetings to make adjustments as things change. |
|
| Q. |
What services do you offer? |
| |
Retirement planning for accumulation and distribution of resources during retirement. Portfolio analysis and management. |
|
| Q. |
How many clients do you currently manage? |
|
| Q. |
Will you be the only person working with me? |
| |
You will be assisted by my Executive Assistant and myself, depending on the service required. My assistant provides basic services and scheduling, while I provide the services of a Financial Advisor. |
|
| Q. |
How are you compensated? How will I pay for your services? |
| |
I am compensated based mostly on assets under management. This fee is calculated based on the size of the portfolio. Larger portfolios are charged a lower %. I also provide a financial analysis for a flat fee or hourly fee depending on the situation. |
|
| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
|
| Q. |
Do you offer any guaranteed results? |
| |
I am able to guarantee satisfaction with my services. There are no guarantees in variable investment performance results. |
|
| Q. |
How much risk should I be willing to take? |
| |
This depends on your time horizon and comfort level. |
|
| Q. |
Have you ever been charged with any breaches? |
|
| Q. |
What services do you provide? What are your specialties? |
| |
Retirement planning and distributions and asset management. |
|
| Q. |
What is your experience? How many clients do you currently manage? |
| |
I have been a Financial Advisor for 15 years and have about 150 active clients. |
|
| Q. |
What financial institution(s) do you represent? |
| |
I am an independent financial advisor. My broker/dealer is AIG Royal Alliance Associates, Inc and my firm is Focus Financial Network, Inc. We also use Charles Schwab & Company for brokerge services. |
|
| Q. |
How do you charge for your services? |
| |
Flat fee for a financial plan. Then I charge mostly based on a percentage of assets under management. I can also charge hourly for services, generally related to consulting and/or processing for events such as divorce and estate distributions. |
|
| Q. |
Do you provide a free initial consultation? |
|
| Q. |
Why should I choose you as my financial advisor? |
| |
Because I have the experience, expertise, independence, and ethics needed to be a good advisor. Also, I have a good sense of humor so this won't become a dreaded chore! |
|
| Q. |
What are your qualifications? |
| |
15 years experience plus 2 kids in college now. |
|
| Q. |
What is your approach to Education Planning? |
| |
Make sure Mom & Dad are ok first before committing resources to college for the kids. They can take loans but parents can't take loans to retire. |
|
| Q. |
How long does the process of setting up an Education Plan usually take? |
| |
Typically two hours of meetings to determine the appropriate strategy and implement plans. |
|
| Q. |
What financial institutions do you represent? |
| |
I am independent, so may use most funds, stocks, bonds, ETFs, and annuities. We use brokerage services from Royal Alliance/Pershing and Charles Schwab & Company. |
|
| Q. |
How many years of experience do you have? |
|
| Q. |
What are your fees for this service? |
| |
$500 flat fee for a financial analysis or hourly at $200. |
|
| Q. |
How many Education Planning clients do you currently manage? |
|
| Q. |
Why should I work with you on setting up an Education Plan? |
| |
Because I have the experience, expertise, independence, and ethics needed to be a good advisor. Also, I have a good sense of humor so this won't become a dreaded chore! |
|
| Q. |
Do you provide a free initial consultation? |
|
| Q. |
What are your qualifications? |
| |
Retirement planning and distributions and asset management. |
|
| Q. |
What is your approach to 401 K plan rollovers? |
| |
First, we need to determine when you will need to begin taking income for retirement. Then, we can develop a financial plan to project your retirement scenario. With that in mind, along with your comfort level with investment volatility, we can determine suitable investments for you. |
|
| Q. |
How long does the process of rolling over a 401K plan usually take? |
| |
This depends on your employer's plan. This can take as little as a week and as long as 90 days for them to cut the rollover check. Most distributions now take only a few weeks. |
|
| Q. |
What financial institutions do you represent? |
| |
I am independent, so may use most funds, stocks, bonds, ETFs, and annuities. We use brokerage services from Royal Alliance/Pershing and Charles Schwab & Company. |
|
| Q. |
How many years of experience do you have? |
|
| Q. |
What are your fees for this service? |
| |
This varies depending on what is needed. Financial analysis fees are generally $500. Hourly fees at $200/hour. |
|
| Q. |
How many 401K rollover clients do you currently manage? |
|
| Q. |
Why should I roll over my 401K plan to your firm? |
| |
Because we have the experience, expertise, and independence needed to look out for your best interests. |
|
| Q. |
Do you provide a free initial consultation? |
|
|
|
