Business Description

My name is Eddie Patel and my firm Eddie Patel, Inc. is a registered investment advisor in the State of Illinois. I work with individuals, families, charities, and small business to develop financial plans and investment solutions that address specific future income needs.

I want an opportunity to show you, that the advice of large banks, brokers, and registered representatives is usually more beneficial to them, than it is to you.

Have you ever noticed how they all say the same thing? Personalized service, non-biased approach, blah blah.

The bottom line is, you need an advisor who will get you results. Someone who is watching your money 24/7, following financial product lines for every new enhancement and rule change, and presenting them to you in a timely, consistent manner so that you can react.

In our initial meetings together, I will take the time to learn who you are, what your personal tolerance for risk is, and dispel any rumors you may have heard about what its like to work with an independent financial planner.

I will speak to you about both the pros and cons of every strategy, and I will work tirelessly to ensure your retirement's survival.

I am not going to waste your time touting my own expertise, like my competitors love to do.

I am just going to get things done.

General Information

Gender:

Male

CRD#:

4255328

Firm CRD#:

148411

Name of Custodial Firm:

Shareholder's Service Group

States Licensed in:

States Willing to do Business in:

Years of Experience in Financial Services:

Number of Years with Current Firm:

I work with the following types of clients:

Businesses, Investment Clubs, Non-Profit Organizations, Individual Investors

Education

Academic Background

University of Illinois, Bachelor in Finance
Institue of Business Finance, Certified Annuity Specialist (CAS)

Services

Investment Types:

Alternative Investments, Options & Futures, Exchange Traded Funds (ETFs), Mortgages & Real Estate, Mutual Funds, Bonds, Commodities, Insurance, Annuities, Stocks

Qualifications & Memberships

Certifications, Accreditations & Designations:

Certified Annuity Specialist (CAS)

Securities Licenses:

IL Real Estate Broker License, Series 65

Insurance and Annuity Licenses:

Health, Life, Annuity, Disability, Long Term Care

Financial Organization Memberships:

National Association of Insurance and Financial Advisors (NAIFA)

Non-Financial Organization Memberships:

National Association of Realtors (NAR)
http://www.realtor.org/

National Ethics Bureau (NEB)
http://www.ethicscheck.com/

Firm Information

Number of Advisors in Office:

Up to 10 employees

Firm's Number of Clients:

Compliance

Registered Investment Advisor:

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-based financial professional:

Yes

Minimum Portfolio Size for New Managed Accounts:

$50,000.00

Compensation Methods:

Hourly, Flat Fee, Commissions, Based on Assets

Fee % Based on Assets:

1 - 2 %

Hourly Rate:

$250.00

Flat Fee Rate:

$2,500 Max

Prepared By:

Eddie Patel

Frequently Asked Questions

Q.	Will you be the only person working with me?

Q.	How are you compensated? How will I pay for your services?

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?

Q.	How much risk should I be willing to take?

Q.	Have you ever been charged with any breaches?

Q.	What carrier(s) do you represent?

Q.	Are there any pre-existing conditions that you can not cover?

Q.	How long does it take to complete the application and approval process?

Q.	Is there a maximum age that you can insure?

Q.	What are your management fees?

Will you be the only person working with me?

For the most part, yes. You may receive update or service calls from my assistant on purely administrative or promotional/marketing matters from time to time, but your financial plans will exclusively be designed by me.

How are you compensated? How will I pay for your services?

This answer depends on what specifically you choose to do with me. For most new clients, a quarterly percentage fee will be deducted from your brokerage accounts that I am managing. If you choose to add an insurance platform to your financial plan, I will receive commissions on insurance products only.

If you are going to manage my account, will you obtain my permission every time you buy or sell something?

I will not obtain your permission each and every time I buy or sell. At the outset of our relationship, I will take a great deal of time assessing your personal tolerance for risk and we will take time to outline major life events that will require your funds to be withdrawn. Subsequently, my management will be based on the results of that analysis.

Do you offer any guaranteed results?

I do not guarantee any results. No one can guarantee any results when investing in stocks, mutual funds, or bonds. I can certainly assist you with finding specific products that offer guarantees, however.

How much risk should I be willing to take?

The risk you should take, should be a function of both your immediate and future needs for income, as well as your overall asset base. I am not going to deny that there is a large psychological element to this as well, but as I stated earlier, I will take a great deal of time to get to know you, your tendencies, and your specific income needs before recommending any particular risk profile.

Have you ever been charged with any breaches?

No.

What carrier(s) do you represent?

Allianz, Aviva, ING, Sun Life, American Equity, Equitrust, Old Mutual, Lincoln Financial Group

Are there any pre-existing conditions that you can not cover?

Best way to find out, is to submit an application. There are too many to know off hand.

How long does it take to complete the application and approval process?

Largely, this will depend on the size and details of the deal. Typically, most annuity and life insurance cases will close between 4-6 weeks. Health insurance cases are largely complete in less time than that.

Is there a maximum age that you can insure?

This will be case and carrier specific.

What are your management fees?

Usually, if I am managing your portfolio directly, I will charge you 1.00% annually, or .25% billed quarterly, on the total volume of assets you have under my management. If I choose a third party investment manager there will likely be an additional percentage, usually in the neighborhood of .70%. You will be responsible for any trading or transaction costs in your account as well.