| Advisor Profile |
 |
| Name: |
Michael Keenan, CFP® |
|
|
 |
| Research This Advisor |
|
|
| Request More Information |
|
|
|
|
|
|
Business Description |
| The firm is a Virginia-registered RIA. I provide asset management services using no-load products. Personally, I am a CFP and an attorney. I belong to NAPFA. As a fiduciary, I put your needs first and disclose all compensation. |
|
| |
|
|
General Information |
|
|
|
|
|
|
| Name of Broker/Dealer: |
Shareholders Service Group
|
|
| Name of Custodial Firm: |
Pershing, LLC
|
|
|
|
| States Willing to do Business in: |
NC
|
|
| Years of Experience in Financial Services: |
4
|
|
| Number of Years with Current Firm: |
2
|
|
| I work with the following types of clients: |
Individual Investors
|
|
| |
|
Education |
| Academic Background |
| |
Bachelor of Arts degree - Johns Hopkins University
Master of Arts degree - University of Maryland Baltimore County
JD - University of Baltimore |
|
| |
|
Services |
| Investment Types: |
Exchange Traded Funds (ETFs), Mutual Funds
|
|
| |
|
Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant
|
|
| Securities Licenses: |
Series 65
|
|
| Insurance and Annuity Licenses: |
VA Life and Health Consultants License
|
|
| Financial Organization Memberships: |
National Association of Personal Financial Advisors (NAPFA)
|
|
| Non-Financial Organization Memberships: |
State Bar of Virginia
|
|
| |
|
Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
|
|
| I work with clients as part of a team: |
Yes
|
|
| |
|
Compliance |
| Registered Investment Advisor: |
Yes
|
|
| Registered Representative: |
Yes
|
|
| Investment Advisor Representative: |
Yes
|
|
| I am an acknowledged fiduciary: |
Yes
|
|
| Compliance Disclosures in Last 5 years: |
I have a clean record
|
|
| Criminal Disclosures in Last 5 years: |
I have a clean record
|
|
| |
|
Compensation & Fees |
| I am a fee-only financial professional: |
Yes
|
|
| I am a fee-based financial professional: |
Yes
|
|
| Minimum Portfolio Size for New Managed Accounts: |
$100,000
|
|
| Compensation Methods: |
Hourly, Based on Assets
|
|
| Fee % Based on Assets: |
0.75%
|
|
|
|
| Minimum Fee Charged for Managed Accounts: |
$1,000
|
|
| Minimum Fee Charged for Hourly Planning Accounts: |
0
|
|
| |
|
| |
| |
| Prepared By: |
Michael Keenan, CFP® |
Frequently Asked Questions |
|
| Q. |
Do you have a customer satisfaction or refund policy? |
|
| Q. |
What are your qualifications? What is your education background? |
| |
My undergraduate schooling was at The Johns Hopkins University. I wrote a thesis and earned an MA in History at University of Maryland Baltimore County. My law degree is from University of Baltimore. I am licensed to practice law in Maryland and Virginia. I earned the CFP in 2007. |
|
| Q. |
What is your approach to financial planning? |
| |
Investors often do not realize that their current portfolio often costs much more than necessary. Costs eat away at nest eggs. Therefore, I use no-load funds and keep my fees down. I respond to the needs of the client and try to direct clients along the path of financial security. |
|
| Q. |
What services do you offer? |
| |
The list is extensive. However, clients often need help with investing for retirement. I do not sell insurance of any sort, but if I identify a need, I make the appropriate recommendation. |
|
| Q. |
Will you be the only person working with me? |
|
| Q. |
How are you compensated? How will I pay for your services? |
| |
I am compensated .75% of assets that I manage, paid in quarterly increments. The fees are deducted directly from the account. If clients want to hire me on an hourly basis, then the clients write a check for services--half up front and half on completion. |
|
| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
| |
The typical arrangement is that I do not obtain permission time but that can be part of an arrangement. |
|
| Q. |
Do you offer any guaranteed results? |
|
| Q. |
How much risk should I be willing to take? |
|
| Q. |
Have you ever been charged with any breaches? |
|
| Q. |
What services do you provide? What are your specialties? |
| |
The services I provide span many categories. |
|
| Q. |
What is your experience? How many clients do you currently manage? |
| |
Before opening my current firm, several years ago, I worked for Northwestern Mutual. After the time with Northwestern, I practiced law for a number of years. |
|
| Q. |
What financial institution(s) do you represent? |
| |
I represent only Fidelis Financial Planning, LLC. |
|
| Q. |
How do you charge for your services? |
| |
I am compensated .75% of assets that I manage, paid in quarterly increments. The fees are deducted directly from the account. If clients want to hire me on an hourly basis, then the clients write a check for services--half up front and half on completion. |
|
| Q. |
Do you provide a free initial consultation? |
| |
Yes, I will meet a prospect for a general discussion of their financial situation based upon a confidential questionnaire. |
|
| Q. |
Why should I choose you as my financial advisor? |
| |
I am a fiduciary. As such, I put the needs of clients first, reveal all sources of compensation, and disclose any potential conflicts of interest. My clients are my solitary employer. |
|
| Q. |
What are your qualifications? |
| |
I am a CFP and an attorney. |
|
| Q. |
What is your approach to 401 K plan rollovers? |
| |
1. Gather data; 2. Develop IPS; 3. Implement Plan; 4. Monitor. |
|
| Q. |
How long does the process of rolling over a 401K plan usually take? |
| |
A couple of weeks usually suffices. |
|
| Q. |
What financial institutions do you represent? |
| |
I represent only Fidelis Financial Planning, LLC. |
|
| Q. |
How many years of experience do you have? |
|
| Q. |
What are your fees for this service? |
| |
I am compensated .75% of assets that I manage, paid in quarterly increments. The fees are deducted directly from the account. |
|
| Q. |
Why should I roll over my 401K plan to your firm? |
| |
Fiduciary responsibility. |
|
| Q. |
Do you provide a free initial consultation? |
| |
Yes, I meet prospects for a general discussion. |
|
|
|
