| Advisor Profile |
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| Name: |
Lynn Vance, CFP® |
| Phone Number: |
(248) 686-2295 |
| Website: |
Visit Website
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Business Description |
The Center for Financial Management One, LLC was founded to assist our clients in every aspect of their financial lives. We provide a comprehensive and personal service, thus earning a reputation for excellence in our industry. For each of our clients we strive to help create financial stability to provide financial independence in retirement.
Lynn M. Vance is the owner of the Center for Financial Management One, L.L.C. Her areas of focus include the preparation of financial plans,investment management, and a special emphasis on retirement income planning. Lynn is independently affiliated with LPL Financial.
In 1982 Lynn earned her CERTIFIED FINANCIAL PLANNER® professional, CFP® designation from the College for Financial Planning in Denver, Colorado. She is also a member of The Financial Planning Association, and its Michigan chapter. Lynn is on the committees of many Roman Catholic and civic organizations. |
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General Information |
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| Insurance License#: |
0033567
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| Name of Broker/Dealer: |
Mutual Service Corporation
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| Name of Custodial Firm: |
LPL Financial
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| States Licensed in: |
MI, AL, AZ, CA, CT, FL, GA, HI, IL, KY, MA, MN, NC, OH, OR, PA,TX, VA
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| Years of Experience in Financial Services: |
33
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| Number of Years with Current Firm: |
33
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| Work Experience: |
33 years of experience, Independently affiliated with the industry's largest independent broker dealer, Certified Financial Planner, have owned my own business since 1982
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| I work with the following types of clients: |
Individual Investors, Businesses
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Education |
| Academic Background |
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BA Western Michigan University 1974
CFP 1982 |
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Services |
| Investment Types: |
Alternative Investments, Options & Futures, managed account platforms, Mutual Funds, Bonds, Annuities, Stocks
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant
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| Securities Licenses: |
Series 63, Series 7, Series 24
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| Insurance and Annuity Licenses: |
Disability, Variable Life, Long Term Care, Variable Annuity, Annuity, Life, Health, Accident
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| Financial Organization Memberships: |
Financial Planning Association (FPA)
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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| Advisor's Number of Clients: |
170
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| Assets Managed by Advisor: |
$50,000,000
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Compliance |
| Registered Investment Advisor: |
Yes
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| 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: |
$150,000
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| Compensation Methods: |
Hourly, Based on Assets, Commissions, Flat Fee
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| Fee % Based on Assets: |
.5-1.5%
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| Minimum Fee Charged for Managed Accounts: |
$1500
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| Minimum Fee Charged for Hourly Planning Accounts: |
$150
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| Minimum Fee Charged for Flat Fee Accounts: |
$950
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| Prepared By: |
Lynn Vance, CFP® |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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People who have engaged us, and signed a Financial planning contract have 30 days to cancel, and receive any fees paid back in full. |
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What are your qualifications? What is your education background? |
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I am a Certified Financial Planner, (1982)with 34 years of experience. Currently in good standing with the Financial Planning Association. 30 Hours of continuing education is necessary to maintain this status.
Graduated from Western Michigan University in 1970 with a B.A. |
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What is your approach to financial planning? |
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I like to complete a financial projection for retirement to begin the process, then complete an analysis of current positons, and give a list of written recommendations |
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What services do you offer? |
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Full brokerage services, stocks, bonds mutual funds. Also utilize two investment partners, SEI investments and Genworth Wealth Management Platforms, along with many other mutual funds, and individual stocks and bonds. |
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How many clients do you currently manage? |
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170 27 clients are $1,000,000+ in asset level, 70 are at least $300,000 and the rest are below $300,000. |
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Will you be the only person working with me? |
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How are you compensated? How will I pay for your services? |
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Basically a percentage of investments under management. Occasionally I use a commission product if no other choice is available, which is fully disclosed to the client |
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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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Do you offer any guaranteed results? |
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How much risk should I be willing to take? |
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That is according to what the financial plan says is necessary to obtain your personal financial goals, and your temperment, and willingness to assume risk |
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Have you ever been charged with any breaches? |
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What services do you provide? What are your specialties? |
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Retirement income planning, 401K rollovers, personalized retirement projections. Also, ROTH IRA conversion planning, Social Security analysis |
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What is your experience? How many clients do you currently manage? |
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What financial institution(s) do you represent? |
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I am an LPL representative, also work with SEI and Genworth Wealth management platforms, in addition to many others. |
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How do you charge for your services? |
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a percent of assets under management. Full schedule is available upon request. |
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Do you provide a free initial consultation? |
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Why should I choose you as my financial advisor? |
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We offer very personalized service, a long term relationship, and wealth management platforms that include cutting edge investment offerings. Also, my long experience in the business is to your advantage. |
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What are your qualifications? |
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I am a CFP, and a Series 7 licensed representative |
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What is your approach to 401 K plan rollovers? |
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We meet with you to discuss the several options available, help you to choose a new trustee, choose an investment platform that fits your particular needs and tolerance for risk, and provide all necessary paperwork to you, filled out, and ready to be submitted. We then follow this transaction until completion. |
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How long does the process of rolling over a 401K plan usually take? |
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What financial institutions do you represent? |
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SEI, Genworth Wealth Management, and several other providers, too numerous to list here |
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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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Usually 1% of assets under management |
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How many 401K rollover clients do you currently manage? |
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Why should I roll over my 401K plan to your firm? |
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Long history of client satisfaction, personal relationship, wide choice of trustees and programs, convenient location |
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Do you provide a free initial consultation? |
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