| Advisor Profile |
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| Name: |
Clinton J. Gerner |
| Phone Number: |
(612) 235-4385 |
| Website: |
Visit Website
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Business Description |
| We are a St. Paul based, private wealth management firm serving a core group of qualified clients. We help to provide a solid financial solution to problems faced by clients with a high income or net worth. We are also an independent firm with no ties to large fund or insurance companies. Established as a small, personal alternative to large and impersonal brokerage firms we believe you should be the focus of our firm, not just a number in a vast sea of clients. Though we are a rather new firm we were established by professionals who saw a need for a different type of financial planning firm and all of our financial planners were successful planners prior to joining the firm. The majority of our business is fee based planning and fee based asset management. We have two classes of clients that we accept. Clients with assets under $500,000 are our standard clients while those with over $500,000 are accepted into our Private Wealth Group. We also provide benefits plans for small to medium sized businesses. |
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General Information |
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| States Licensed in: |
MN - WI - IA
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| Years of Experience in Financial Services: |
5
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| Number of Years with Current Firm: |
3
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| Work Experience: |
As a previous planner and consultant for a fortune 100 firm, I have worked with a wide variety of clients from the most basic of plans to complicateed multimillion dollar cases.
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| I work with the following types of clients: |
Businesses, Investment Clubs, Non-Profit Organizations, Individual Investors
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| Investment Types: |
Annuities, Insurance, Mutual Funds, Alternative Investments, Exchange Traded Funds (ETFs), Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Registered Investment Advisor (RIA) (State or SEC) or RIA representative
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| Securities Licenses: |
Series 63, Series 6, Series 65, Life & Health
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| Insurance and Annuity Licenses: |
Variable Annuity, Variable Life, Annuity, Life
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| Non-Financial Organization Memberships: |
VFW
Service Disabled Veteran Owned Small Business Member
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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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Compliance |
| Registered Investment Advisor: |
Yes
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| Registered Representative: |
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 |
| I am a fee-only financial professional: |
Yes
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| I am a fee-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
$50,000
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| Compensation Methods: |
Based on Assets, Hourly, Flat Fee
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| Fee % Based on Assets: |
2%- 1.5%
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| Additional Details on Charges: |
Fees are charged as a percentage of assets managed and decrease as the size of the asset increases. We will negotiate lower fees on larger asset clients.
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| Prepared By: |
Clinton J. Gerner |
| Most Recent Update: |
06/24/2008 |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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Yes, If a client feels that the plan provided will not meet their needs they may contact us and we will work to remedy the problem or refund a portion or all of their money. |
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What are your qualifications? What is your education background? |
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All financial planners have at least three years of active financial planning and asset management experience. Our planners all operated on a fee basis whenever possible and are licensed as financial planners instead of just brokers or registered reps. We also encourage the completion of professional designations such as the CFP, CH.F.C., and RFC designations. |
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What is your approach to financial planning? |
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We approach financial plaaning with the mindset that we will be looking long term with you. We work at your risk tolerance and do not try to chase the latest trend or last years best earner. We also try to stay cutting edge with investment and planning strategies to include alternative and real estate investing, truly diversifying your portfolio and allowing you to take advantage of all markets. |
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What services do you offer? |
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We offer fee based financial planning either on a flat or hourly fee basis. Fee based asset management. Estate planning and life insurance services. |
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How many clients do you currently manage? |
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We have worked with over 300 families and individuals and more than 500 employees through business plans. |
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Will you be the only person working with me? |
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Maybe, depending on the complexity of your situation, we may bring in an accountant or estate lawyer to help set up and manage your plan. We have also worked with insurance agents, real estate agents and even mortgage brokers on small parts of financial plans or asset acquisition when needed. |
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How are you compensated? How will I pay for your services? |
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You will pay Capital Wealth Management the fees for building and implementing your financial plan. The quarterly asset management fees are automatically drawn from your investment accounts. |
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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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Depending on our agreement and your comfort level we can either take orders from you, call to obtain permission, or act on your behalf. This decision depends solely on the wishes of each individual client. |
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Do you offer any guaranteed results? |
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We strive to provide positive results for all of our clients but due to the fact that there is an inherent risk in any investment we do not provide a garuntee. We do however do everything possible to work within the risk tolerance guidelines of each individual client as well as use diversification strategies to mitigate risk. |
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How much risk should I be willing to take? |
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This is something that we will discuss with each client before any investment decisions are made. There are many factors we take into account concerning risk. These factors include, age, timeframe for the investment, percentage of assets invested, goals, personal risk tolerance, and ability to cope with and absorb market fluctuations. |
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Have you ever been charged with any breaches? |
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No, our records are clear of any complaints, fines or sanctions. We strive to be absolutely professional and to provide the best service in our industry. We look forward to maintaining this spotless record. |
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What carrier(s) do you represent? |
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We have the ability to work with over 100 differnet insurance providers. |
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Are there any pre-existing conditions that you can not cover? |
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This depends on the condition. Usually any non- terminal illnes is insurable but there will usually be higher cost premiums. |
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How long does it take to complete the application and approval process? |
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Depening on health we can offer immediate coverage through temporary insurance while the policy is being reviewed. The process usually is finished within 45 days from filling out the application. |
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Is there a maximum age that you can insure? |
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Usually age 72 is the cut-off. |
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What financial institution(s) do you represent? |
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We are an independent firm with no ties or isntitutional commitments. |
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Do you provide a free initial consultation? |
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Yes, initial consultations are free of charge. |
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Why should I choose you as my financial advisor? |
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We are able to provide independent, competent advice. There are no commissions so you know all advice is results driving, not transaction driving. None of our advisors are new to the business, all have extensive experience and are licensed as financial planners, not ust brokers or salesmen. We are a professional planninf firm providing advice and service, not selling a product. |
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What are your management fees? |
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Management fees vary depending on the different plan providers and options chosen. Usually the admin and setup fees can be waived if the plan has pre-existing assets. |
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What kind of plans do you specialize in? |
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We work with many different types of plans depending on the needs of the company we are working with. We can do specified investments, individually managed accounts, brokerage accounts, company stock purchases and many other options. |
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Do you have a minimum requirement for number of employees or total investment value? |
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We prefer to work with companies with a minimun of $1,000,000 in pre-exisitng assets or with an expected first year contribution of $100,000+. |
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What type of plans do you offer? |
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We work with many different types of plans depending on the needs of the company we are working with. We can do specified investments, individually managed accounts, brokerage accounts, company stock purchases and many other options. |
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Do you offer any additional services? |
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We have professional relationships allowing us to offer a full benefits package to include group insurance, Buy/Sell agreements, key employee insurance and business continuation plans. |
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What are your qualifications? |
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We are licensed financial planners and experienced asset managers. Please see the financial planner setion of the FAQ to see all qualifications. |
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What is your approach to 401 K plan rollovers? |
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We look at 401(k) rollovers as a part of your overall plan ad work to incorporate it as such. We usually have these assets go to a brokerage account that can access most of the market securities as well as bonds and Brokered CDs. |
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How long does the process of rolling over a 401K plan usually take? |
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Usually this is a quick process that takes only a few weeks depending on how quickly the surrendering company can send over a check and whether or not they require their own transfer paperwork. We have seen it go as quickly as 7 business days and as long as 4 weeks. |
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What financial institutions do you represent? |
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We are independent and therefore represent no institution but can work with most of the market investments out there. |
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How many years of experience do you have? |
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All of our financial planners have at least 3 years experience working on both individual and group plans. |
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What are your fees for this service? |
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The fee will vary depending on the amount of work needed and if the rollover is part of a larger plan. In the event it is just a rollover no fee will be charged but the standard quarterly asset management fee that comes out of the account. No commissions wil be charged. |
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How many 401K rollover clients do you currently manage? |
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We have done many different rollovers for numerous clients. All of our planners have in-depth experience with initiating the rollovers, managing the process, and managing the assets once they have been rolled to us. |
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Why should I roll over my 401K plan to your firm? |
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We will look at the rollover as a piece of the puzzle, not as a single commission generating transaction. |
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Do you provide a free initial consultation? |
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Yes, the initial consultation is always free. |
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