| Advisor Profile |
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Business Description |
| My mission is to educate and help people lay down a roadmap, through a comprehensive financial planning strategy, to guide them through their life, for all financial decisions, and ease the burden and fear of financial insecurity from now into retirement |
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General Information |
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| Insurance License#: |
OF13683
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| Name of Broker/Dealer: |
Waddell & Reed
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| Name of Custodial Firm: |
Waddell 7 Reed
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| States Licensed in: |
MA, CA, TN, WA
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| Years of Experience in Financial Services: |
14
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| Number of Years with Current Firm: |
2
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| I work with the following types of clients: |
Individual Investors, Businesses
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Services |
| Investment Types: |
Insurance, Bonds, Stocks, Annuities, Mutual Funds, Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Accredited Tax Preparer® (ATP), Certified in Long-Term Care (CLTC), Enrolled Agent (EA)
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| Securities Licenses: |
Series 66, Series 7
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| Insurance and Annuity Licenses: |
Long Term Care, Life, HMO, Health, Annuity, Disability, Variable Life, Variable Annuity
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| Financial Organization Memberships: |
American Institute of Certified Public Accountants (AICPA), National Association of Personal Financial Advisors (NAPFA)
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| Non-Financial Organization Memberships: |
Better Business Bureau, Danville Area Chamber of Commerce, Golden Gate Buisiness Association
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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Compliance |
| Registered Investment Advisor: |
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 |
| Minimum Portfolio Size for New Managed Accounts: |
15,000
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| Compensation Methods: |
Based on Assets, Commissions, Flat Fee
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| Minimum Fee Charged for Flat Fee Accounts: |
200
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| Prepared By: |
Erich Zielonka |
| Most Recent Update: |
07/18/2008 |
Frequently Asked Questions |
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| Q. |
Do you have a customer satisfaction or refund policy? |
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Yes, if you are not happy with a Financial Plan, you can return it for a refund. |
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What are your qualifications? What is your education background? |
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I have 15 years in the financial service, Accounting and taxation industries. I work with individuals and small businesses. I have a Masters in Accounting and I also have my Series 7 and 66 licenses. |
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What is your approach to financial planning? |
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I utilize a holistic approach. I look at everything from assets, income, expenses, investments and insurance portfolios to determine the best approach for my client to take. |
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What services do you offer? |
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I offer a variety of services for individuals to small businesses, which include but are not limited to the following: Money market accounts, investment accounts, rollovers, IRAs, 401K, SEP, Educational savings accounts, life insurance, disability insurance, health insurance financial planning and investment planning. |
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Will you be the only person working with me? |
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Yes. Although I have a staff of professionals I can use as resources, I will be the one who you will work with directly. |
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How are you compensated? How will I pay for your services? |
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Three ways: I can get compensated by charging a percentage of assets under management; I can get compensated by commissions on transactional interactions; and I can also charge a flat fee for financial plans and investment plans. |
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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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Do you offer any guaranteed results? |
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While I can guarantee my attention to your needs, there are no guarantees with investments. |
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How much risk should I be willing to take? |
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It depends on an individuals risk tolerance and timeline to retirement. Once I get to know you better, we can determine at what level of risk you are comfortable. |
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Have you ever been charged with any breaches? |
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Are there any pre-existing conditions that you can not cover? |
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It depends. It is always best to submit an application to underwriting for them to determine what is covered. They look at the whole picture for a condition such as whether it is under control, what treatments are being utilized, as well as severity of condition in question. |
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How long does it take to complete the application and approval process? |
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Application should take about an hour and approval varies. |
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Is there a maximum age that you can insure? |
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What services do you provide? What are your specialties? |
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I offer a variety of services for individuals to small businesses, which include but are not limited to the following: Money market accounts, investment accounts, rollovers, IRA's, 401K, SEP, Educational savings accounts, life insurance, disability insurance, health insurance financial planning and investment planning. |
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What financial institution(s) do you represent? |
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How do you charge for your services? |
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Three ways: I can get compensated by charging a percentage of assets under management; I can get compensated by commissions on transactional interactions; and I can also charge a flat fee for financial plans and investment plans. |
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Do you provide a free initial consultation? |
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Yes, I offer anyone interested a free one hour consultation. |
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Why should I choose you as my financial advisor? |
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I have been in the industry for over 15 years and I take a service approach to my clients. I like to periodically check in and see how my clients are progressing with their plans and to see how I can help them on their financial journey. I also approach planning in a very comprehensive manner and base my suggestions on what is best for the client as well as whether it fits their risk tolerance. |
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What are your management fees? |
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Fees vary depending on the size of the plan. |
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Do you have a minimum requirement for number of employees or total investment value? |
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A minimum of two employees. |
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What type of plans do you offer? |
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I offer bundled and unbundled plans. |
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Do you offer any additional services? |
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Yes, I also offer investment planning and education services to participants in the plan. |
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What are your qualifications? |
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I have 15 years in the financial services, Accounting and taxation industries. Working with individuals and small businesses. |
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What is your approach to Education Planning? |
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There are a variety of ways to plan for education. I like to look at a families entire picture to determine what approach to take. |
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How long does the process of setting up an Education Plan usually take? |
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What financial institutions do you represent? |
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How many years of experience do you have? |
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15 years in the financial services industry. |
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What are your fees for this service? |
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None. I get commissions based on the amount invested. |
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Why should I work with you on setting up an Education Plan? |
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We were nominated the best Fund family for 2007 by Barron's magazine, we have been in the top 10 best fund families for the past ten years and we have also won 2 of 8 awards from Lippers.
In addition, we offer many flexible solutions based on your needs and goals as a client. |
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Do you provide a free initial consultation? |
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What are your qualifications? |
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I have 15 years in the financial services, Accounting and taxation industries. Working with individuals and small businesses. |
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What is your approach to 401 K plan rollovers? |
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I like to look at a clients whole picture from assets, income, debt and time to retirement to determine what would be best for the clients rollover goals. |
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How long does the process of rolling over a 401K plan usually take? |
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The application should take about an hour to complete. The entire process can take two weeks to several months. It completely depends on how quickly the 401K provider will release the funds in question. |
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What financial institutions do you represent? |
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How many years of experience do you have? |
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I have 15 years in the financial services, Accounting and taxation industries. Working with individuals and small businesses. |
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What are your fees for this service? |
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I get paid either by a percentage of assets under management or by commissions. |
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Why should I roll over my 401K plan to your firm? |
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We were nominated the best Fund family for 2007 by Barron's magazine, we have been in the top 10 best fund families for the past ten years and we have also won 2 of 8 awards from Lippers.
In addition, we offer many flexible solutions based on your needs and goals as a client. |
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Do you provide a free initial consultation? |
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