| Advisor Profile |
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Business Description |
Helping clients and companies to achieve their financial goals through common sense planning for their future and wise implementation of those plans. The goal is not to achieve superior investment returns in the good times, but to manage risk to weather the tough times.
Sammons Securities Company, LLC is an independent, privately-owned, full-service broker/dealer that offers a comprehensive financial services platform with an individualized focus on our financial professionals. Through a broad array of products, services and technology, our reps have the flexibility to choose the right tools that will work for them today and help them in growing their financial services practices. We want to win long term and build something that lasts with our financial professionals. |
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General Information |
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| Name of Broker/Dealer: |
Sammons Securities Corp.
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| States Licensed in: |
CO,OR,SD
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| Years of Experience in Financial Services: |
19
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| Number of Years with Current Firm: |
16
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| I work with the following types of clients: |
Individual Investors, Investment Clubs, Businesses, Non-Profit Organizations
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Services |
| Investment Types: |
Exchange Traded Funds (ETFs), Bonds, Stocks, Annuities, Insurance, Commodities, Mutual Funds, Alternative Investments, Mortgages & Real Estate, Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant
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| Securities Licenses: |
Series 63, Series 7
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| Insurance and Annuity Licenses: |
Disability, Long Term Care, Variable Annuity, Life, Variable Life, Annuity, Health
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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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| I work with clients as part of a team: |
Yes
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| Firm's Number of Clients: |
1500
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| Firm's Number of Planning Clients: |
500
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| Firm's Number of Managed Clients: |
1000
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| Advisor's Number of Clients: |
300
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| Advisor's Number of Managed Clients: |
100
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| Advisor's Number of Planning Clients: |
50
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| Assets Managed by Advisor: |
$10,000,000
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Compliance |
| Registered Representative: |
Yes
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| Investment Advisor Representative: |
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: |
$100,000
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| Compensation Methods: |
Based on Assets, Hourly, Commissions
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| Fee % Based on Assets: |
Varies
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| Minimum Fee Charged for Hourly Planning Accounts: |
$300
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| Prepared By: |
Lee Claymore, CFP® |
Frequently Asked Questions |
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| Q. |
Do you have a customer satisfaction or refund policy? |
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When I do a written financial plan for a client, I charge $300. If the plan isn't what the client was expecting, or the client is unhappy with it, I will work with them to come up with an acceptable solution. |
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What are your qualifications? What is your education background? |
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I have been in the financial planning industry for almost 20 years now. In 1995, I began the rigorous process of receiving my CFP designation. In 1997, I completed the necessary coursework to be awarded the CFP designation. |
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What is your approach to financial planning? |
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My approach to financial planning is that everything I do must be personalized to the client. In our industry, there are too many cookie-cutter approaches to planning that just don't work most of the time. I believe that if the client and I do the work to uncover the specific needs, we will have a much better relationship. |
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| Q. |
What services do you offer? |
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financial planning, investment planning, risk management using various types of insurance. |
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How many clients do you currently manage? |
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Will you be the only person working with me? |
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Probably, although there are times where it is in the clients best interest to bring in someone who is an expert in a very specific field. |
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How are you compensated? How will I pay for your services? |
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In various ways. I mostly charge a percentage of the investments that a client places with me. I also use a commission structure from time to time, and for financial plans, I use a flat fee approach. For any given client, I will use whichever approach matches them best. |
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| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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This will be up to the specific client. Most want to give LIMITED trading authority on their acccount, which makes the process go more smoothly. If that doesn't suit you, we can go a different direction. |
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Do you offer any guaranteed results? |
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The only time I will offer guaranteed results is if the investment offers guaranteed results. Usually with insurance products. These guarantees are only as strong as the insurance company, however. The most important thing I can offer my clients is that they know and understand risks and are comfortable taking them. |
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Have you ever been charged with any breaches? |
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No. Any client should go to www.finra.org and check on a financial planners record. Mine is impeccable.
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What carrier(s) do you represent? |
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I am an independent financial planner, so I offer hundreds of companies. Nationwide, Metlife, Midland National Life are just a few. |
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Are there any pre-existing conditions that you can not cover? |
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Yes, those would all be covered in the underwriting process. |
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How long does it take to complete the application and approval process? |
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It varies with the clients situation. On average, 2-4 weeks, but often less. |
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Is there a maximum age that you can insure? |
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What services do you provide? What are your specialties? |
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Financial planning, investment planning, and risk management. |
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What is your experience? How many clients do you currently manage? |
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19 years in the industry and 300 clients. |
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What financial institution(s) do you represent? |
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How do you charge for your services? |
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Flat fee, percentage of assets under management, commission, or hourly rate. Depends on the situation. |
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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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I believe my strength is in explaing and teaching the basic elements of investments and financial planning. Having taught college courses on these topics, I try and make sure my clients understand what the risks and benefits are of their financial plans and investments. |
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What are your management fees? |
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This mostly depends on the size of the plan and the structure of what is set up. |
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What kind of plans do you specialize in? |
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401(k), 403(b), SIMPLE Plan, SEP, and non-qualified plans such as deferred comp. |
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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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Do you offer any additional services? |
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Education and help with fiduciary issues. |
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What are your qualifications? |
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I've worked with all types of education plans over the last 19 years. |
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How long does the process of setting up an Education Plan usually take? |
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Very similar to normal financial planning. Start with needs analysis and then customize the plan to the client. |
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What financial institutions do you represent? |
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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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Depends on the situation. Personlized fee structure |
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How many Education Planning clients do you currently manage? |
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Do you provide a free initial consultation? |
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What are your qualifications? |
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Certified Financial Planner certificant |
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| Q. |
What is your approach to 401 K plan rollovers? |
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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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How many years of experience do you have? |
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What are your fees for this service? |
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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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Personalized service, needs based analysis |
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Do you provide a free initial consultation? |
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