| Advisor Profile |
 |
| Name: |
John Severy-Hoven, CFP®, MBA |
| Phone Number: |
(651) 968-8068 |
| Website: |
Visit Website
|
|
|
 |
| Request More Information |
|
|
|
|
|
|
Business Description |
| As the founder of Oracle Financial Planners, John Severy-Hoven prides himself on assisting clients in every aspect of their financial lives so that they can prepare for what their future holds -- retirement, children's education, buying a new home. John helps you build and maintain your financial vision toward the future, your future. |
|
| |
|
|
General Information |
|
|
|
|
| Insurance License#: |
20327395
|
|
| Name of Broker/Dealer: |
Cambridge Investment Research
|
|
| Name of Custodial Firm: |
Fidelity Institutional
|
|
| States Licensed in: |
CA, CO, GA, HI, MD, MN, NC, WA, WI
|
|
| Years of Experience in Financial Services: |
6
|
|
| Number of Years with Current Firm: |
5
|
|
| I work with the following types of clients: |
Businesses, Investment Clubs, Non-Profit Organizations, Individual Investors
|
|
| |
|
|
|
Services |
| Investment Types: |
Commodities, Bonds, Stocks, Exchange Traded Funds (ETFs), Mortgages & Real Estate, Alternative Investments, Mutual Funds, Insurance, Annuities, Socially Responsible Investments (SRI)
|
|
| |
|
Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant
|
|
| Securities Licenses: |
Series 66, Series 7
|
|
| Insurance and Annuity Licenses: |
Variable Annuity, Long Term Care, Variable Life, Life, Annuity
|
|
| Financial Organization Memberships: |
Financial Planning Association (FPA), Social Investment Forum (SIF)
|
|
| |
|
Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
|
|
| |
|
Compliance |
| Investment Advisor Representative: |
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
|
|
| Compensation Methods: |
Based on Assets
|
|
| |
|
| |
| |
| Prepared By: |
John Severy-Hoven, CFP®, MBA |
Frequently Asked Questions |
|
| Q. |
What are your qualifications? What is your education background? |
| |
I have two master's degrees (an MBA with an investment finance focus and a Masters of Arts for counseling psychology). I have a CFP designation (Certified Financial Planner). In 2008 and 2009 I was named as a 5-star Wealth Manager based on Client Satisfaction according to the Minneapolis/St. Paul Magazine and Minnesota Business Monthly. |
|
| Q. |
What is your approach to financial planning? |
| |
To serve as an objective third party to assist in managing the overall investment process. Following a disciplined investment process consisting of:
•The preparation and maintenance of an investment policy statement.
•Selecting investments and asset classes that ensures prudent diversification
•Managing expenses associated with the Portfolio.
•Monitoring and supervising investment options. |
|
| Q. |
What services do you offer? |
| |
Comprehensive Financial Planning with a focus on retirement planning. |
|
| Q. |
How many clients do you currently manage? |
| |
I have worked as a financial planner for 6 years and owned Oracle Financial Planners for 5 years. I currently work with about 100 clients (measured by the number of families I work with and the number of employer sponsored retirement plans as well). |
|
| Q. |
Will you be the only person working with me? |
| |
Along with my two assistants. |
|
| Q. |
How are you compensated? How will I pay for your services? |
| |
My business is fee-based. |
|
| Q. |
Have you ever been charged with any breaches? |
|
| Q. |
What services do you provide? What are your specialties? |
| |
I provide comprehensive financial planning services. Most of the time I manage the clients' money on their behalf but I also work with people who would like to have an annual consultation and then manage the money themselves. |
|
| Q. |
What is your experience? How many clients do you currently manage? |
| |
I have worked as a financial planner for 6 years and owned Oracle Financial Planners for 5 years. I currently work with about 100 clients (measured by the number of families I work with and the number of employer sponsored retirement plans as well). |
|
| Q. |
What financial institution(s) do you represent? |
|
| Q. |
How do you charge for your services? |
|
| Q. |
Do you provide a free initial consultation? |
|
| Q. |
Why should I choose you as my financial advisor? |
| |
You should consider working with me if you want personalized service from someone you can trust. |
|
| Q. |
Do you have a minimum requirement for number of employees or total investment value? |
| |
No. I work with small company retirement plans so I have maximums though. I will work with companies with up to 500 employees. |
|
| Q. |
What are your qualifications? |
| |
I work exclusively with small business retirement plans from one-person retirement plans to 401k/pension plans with up to 500 employees. |
|
| Q. |
What is your approach to 401 K plan rollovers? |
| |
I customize the plan to meet the employers' and employees' needs while trying to provide as much flexability in investment options while also keeping costs to a minimum. |
|
| Q. |
How long does the process of rolling over a 401K plan usually take? |
|
| Q. |
What financial institutions do you represent? |
|
| Q. |
How many years of experience do you have? |
|
| Q. |
What are your fees for this service? |
| |
It depends on the assets in the plan and the number of participants. |
|
| Q. |
Do you provide a free initial consultation? |
|
|
|
