| Advisor Profile |
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Business Description |
My goal is to provide clients with knowledge and options when working through the financial planning process. I strive to present these options in a straightforward way so that together with my clients, we can determine the best option available for their investment and insurance portfolios. A third of my business consists of families; parents, their children and grandchildren. These families encompass beginning investors through the accumulation and distribution phase to legacy planning. Another third includes small business owners in need of retirement plans and group insurance. The remaining third are people looking for a professional to help them manage their money and investments as they save for retirement, education or some other personal goal.
The success of my business is directly related to the team with which I work. My team consists of my Supervisor, a CFP licensed since 2002; a Senior Advisor licensed in 1984; a licensed assistant and administrative assistant who keep the mountains of paperwork in order.
About Suzanne Lake: Suzanne has been a life long resident of Frystown. She has volunteered with the Community Fire Company of Frystown since 1986 in various capacities, currently Financial Secretary. She is a member of Northern Lebanon Rotary and volunteer with PROBE of Lebanon's Financial Literacy Council. She is also a member of the Lebanon Valley Chamber of Commerce and a founding member of Entrepreneurs' Connection. When not working or volunteering, Suzanne spends time with her son in the garden, bird watching or traveling. |
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General Information |
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| Name of Broker/Dealer: |
Waddell & Reed
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| States Licensed in: |
PA, MD, CA
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| States Willing to do Business in: |
All 50 states plus Puerto Rico and US Virgin Islands.
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| Years of Experience in Financial Services: |
2
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| Number of Years with Current Firm: |
2
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| I work with the following types of clients: |
Businesses, Non-Profit Organizations, Individual Investors
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| Investment Types: |
Mutual Funds, Insurance, Annuities, Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Accredited Wealth Management Advisor(AWMA)
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| Securities Licenses: |
Series 63, Series 6, Series 65
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| Insurance and Annuity Licenses: |
Disability, Long Term Care, Variable Life, Variable Annuity, Annuity, Health, Life
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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 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-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
15,000
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| Compensation Methods: |
Commissions, Flat Fee
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| Additional Details on Charges: |
Clients pay me on a fee only basis, combination of fees and commissions or commission only depending on their needs.
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| Prepared By: |
Suzanne Lake, AWMA |
| Most Recent Update: |
08/02/2008 |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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Yes, details are covered in the Advisory Services brochure. |
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| Q. |
What are your qualifications? What is your education background? |
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Life, Accident and Health Insurance licensed in PA, MD and CA. Hold series 6, 63 and 65 securities exams. Earned the Accredited Wealth Management Advisor designation from the College for Financial Planning in 2007. Earned an Associates Degree in Business Studies from Harrisburg Area Community College. |
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What is your approach to financial planning? |
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Please refer to the business description on my home page. |
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What services do you offer? |
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Comprehensive financial and investment planning. Mutual funds with over 40 fund families. Retirement plans, group health and other group benefits for small businesses. Individual life, health, disability and long term care insurance, annuities, key man, buy/sell and more. |
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How many clients do you currently manage? |
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Over 80 families and growing! |
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Will you be the only person working with me? |
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I work within a team structure. In person meetings will primarily be with me. Members of my team may speak with you on the telephone or handle routine transactions. |
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How are you compensated? How will I pay for your services? |
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Different people have different expectations. Most often compensation is a combination of fees and commission. I can also work on a fee only basis. |
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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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Your signature is required for the majority of our transactions. |
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Do you offer any guaranteed results? |
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There are rarely guarantees in the investment world! I do provide exceptional customer service, return voice mails and e-mails in a timely manner. You need to be as comfortable working with me as I do taking you on as a client. My initial consultation is free. This is the time for me to learn what your needs and expectations are, whether you want my help and whether I can help you. |
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How much risk should I be willing to take? |
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This depends on many variables such as your age, length of time until retirement or some other goal and whether or not you can sleep at night without worrying about the risk you are taking! |
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Have you ever been charged with any breaches? |
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No, please feel free to check my record on finra.org. |
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What services do you provide? What are your specialties? |
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Comprehensive financial and investment planning is my speciality. Mutual funds, life, accident and health insurance, and retirement plans are offered. |
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What is your experience? How many clients do you currently manage? |
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Licensed since 2006. Over 80 families and growing! |
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What financial institution(s) do you represent? |
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Waddell & Reed and Ivy Funds and over 40 other mutual fund families including Oppenheimer, American Funds, and Eaton Vance. |
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How do you charge for your services? |
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Different people have different expectations. Most often compensation is a combination of fees and commission. I can also work on a fee only basis. |
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Do you provide a free initial consultation? |
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Yes. Please call to schedule your consultation. |
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Why should I choose you as my financial advisor? |
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I strive to listen to your goals and develop a plan to best utilize your assets. I have fiduciary responsibility in managing your money. |
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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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Plans are available for small to medium sized companies. Ask me about the Exclusive K for sole proprietors. |
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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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We offer plans for sole proprietors to mid sized companies. |
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Do you offer any additional services? |
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Yes, financial and investment planning, mutual funds, insurance and more. |
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What are your qualifications? |
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Life, Accident and Health Insurance licensed in PA, MD and CA. Hold series 6, 63 and 65 securities exams. Earned the Accredited Wealth Management Advisor designation from the College for Financial Planning in 2007. |
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| Q. |
What is your approach to 401 K plan rollovers? |
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My approach is from a planning perspective. For instance, are you rolling your old 401k because you have a new job or because you are unemployed? There is a difference which we will discuss. |
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How long does the process of rolling over a 401K plan usually take? |
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Three to four weeks from the time paperwork is submitted to your existing plan provider. |
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What financial institutions do you represent? |
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Waddell & Reed and over 40 other mutual fund families. |
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How many years of experience do you have? |
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What are your fees for this service? |
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Most often my compensation is a combination of fees and commission. Different people have different expectations so this varies. |
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How many 401K rollover clients do you currently manage? |
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Over 80 families and growing! |
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Why should I roll over my 401K plan to your firm? |
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I strive to listen to your goals and develop a plan to best utilize your assets. I have fiduciary responsibility in managing your money. |
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Do you provide a free initial consultation? |
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