| Advisor Profile |
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| Name: |
Kevin Wenke MBA, CFP®, CLU® |
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Business Description |
Decision Tree Financial is an Independent Financial Planning Company. Our clients include Professionals, Business Owners, Charitable Organizations and Retirees. We assist our clients with developing and implementing strategies that help them to protect and grow their wealth.
Our broad financial knowledge enables us to assist our clients in a variety of ways.
From general assistance, such as recommending the right investment allocation for ones portfolio, to more complex strategies, such as positioning wealth for the next generation in order to achieve protection from estate taxes, creditors and divorce, our company is here to assist you. |
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General Information |
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| Insurance License#: |
E084222
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| Name of Broker/Dealer: |
Woodbury Financial
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| States Licensed in: |
Fl, NY, CA
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| States Willing to do Business in: |
All States
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| Years of Experience in Financial Services: |
6
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| Number of Years with Current Firm: |
1
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| Work Experience: |
Worked Five Years as a Financial Planner at MetLife, Orlando.
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| I work with the following types of clients: |
Businesses, Individual Investors, Non-Profit Organizations, Investment Clubs
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Education |
| Academic Background |
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BS - Biology SUNY Fredonia
MBA - University of Tennessee Knoxville |
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Services |
| Investment Types: |
Insurance, Bonds, Stocks, Annuities, Exchange Traded Funds (ETFs), Alternative Investments, Mutual Funds, Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant, Chartered Life Underwriter (CLU®)
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| Securities Licenses: |
Series 66, Series 7, Series 6
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| Insurance and Annuity Licenses: |
Variable Annuity, Long Term Care, Variable Life, Disability, Property, Casualty, Accident, Annuity, Health, HMO, Life
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| Financial Organization Memberships: |
Paladin Registry
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| Non-Financial Organization Memberships: |
Florida Renewable Energy Association
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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: |
35
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| Firm's Number of Planning Clients: |
35
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| Firm's Number of Managed Clients: |
35
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| Assets Managed by Firm: |
$8,500,000
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| Advisor's Number of Clients: |
35
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| Advisor's Number of Managed Clients: |
35
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| Advisor's Number of Planning Clients: |
35
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| Assets Managed by Advisor: |
$8,500,000
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Compliance |
| 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: |
$50,000
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| Compensation Methods: |
Based on Assets, Hourly, Flat Fee, Commissions
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| Fee % Based on Assets: |
1%
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| Additional Details on Charges: |
Asset management fee dependent on portfolio size, not to exceed 1%.
Flat fee determined by pricing matrix and level of complexity.
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| Minimum Fee Charged for Managed Accounts: |
$500
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| Minimum Fee Charged for Hourly Planning Accounts: |
$75
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| Minimum Fee Charged for Flat Fee Accounts: |
$1000
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| Prepared By: |
Kevin Wenke MBA, CFP®, CLU® |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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Absolutely! Financial Planning Fee's and Hourly rates are refunded 100% if you are unhappy with our solutions. |
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What are your qualifications? What is your education background? |
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I have a MBA Degree which prepared me to assist clients with investing, business and tax strategies. I also received The Chartered Life Underwriter (CLU®). The CLU® is the world's most respected designation of insurance expertise in the financial planning Industry. I also have passed the Washington D.C. based Certified Financial Planning Board of Standard's comprehensive 10-hour exam. |
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What is your approach to financial planning? |
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I take a consultative and educational approach to financial planning. I help you to understand what goals you want to accomplish and help you understand the world of possibilities that exist to help you reach them. |
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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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This depends on the services you require. |
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How are you compensated? How will I pay for your services? |
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I am paid several ways. For comprehensive financial planning, I am compensated either hourly at $175 hour, or per project. The project fee depends on factors such as net worth, income and need for advanced planning. Per project fee's range from $1,500 up to $50,000. |
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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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This depends on how we define our professional relationship. |
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Do you offer any guaranteed results? |
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Depends on the strategy. Investing in stocks, bonds, mutual funds etc., there isn't anyway to make a guarantee. There are numerous ways to position ones finances to give "The Best Worst Case Scenario with upside potential" through the use of insurance and annuities. These will be discussed and you can decide if they are strategies you would like to pursue. |
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How much risk should I be willing to take? |
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Risk needs to be addressed and looked at from a holistic standpoint. There are many types of risk: Market Risk, Inflation Risk, Interest Rate Risk, Liquidity Risks etc. Looking at one with out considering the others can be the most dangerous situation that can sabotage ones financial goals. How risk is addressed depends on a number of factors and is discussed during our consultations. |
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Have you ever been charged with any breaches? |
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What carrier(s) do you represent? |
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We have access to over 80 life insurance carriers. |
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Are there any pre-existing conditions that you can not cover? |
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No, Decision Tree Financial can find coverage for everyone. We have guarantee issue life insurance policy's and we have a system to work with 65 life insurance companies to find the best rate using one physical in the event of a adverse medical condition. |
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How long does it take to complete the application and approval process? |
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It Depends. Life Insurance requires the collection of medical records from your doctors. The doctors can take 4-6 weeks to provide these records to us. Once we obtain the medical records, the process and underwriting process takes 2-3 more weeks. |
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Is there a maximum age that you can insure? |
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We can obtain life insurance coverage up to 90 years old. |
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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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Once you know my story and why I entered the financial services industry, you will understand the passion I have to help people understand the choices they have so they can make informed decisions. |
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What are your management fees? |
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management Fee's depend on the size of the plan. |
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What type of plans do you offer? |
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Qualified Plans: 401(k), SEP, SIMPLE, Solo 401(k)'s, Profit Sharing Plans, Pension Defined Benefit, 403(b), 457.
In addition, we provide other forms of non-qualified plans especially for business owners and key employee's. |
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Do you offer any additional services? |
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From an employer's standpoint, Decision Tree Financial also offers group benefits such as Group Medical, Group Dental, Group Disability, Group Auto, Group Life through our partner company, Skolnik Benefit Solutions. |
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What are your qualifications? |
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I have a Masters Degree in Business Administration and have worked in the Financial Services Industry since 2003. I have a team of professionals working with me through outside affiliations and inside my Broker-Dealer that ensures competent, efficient and effective guidance. |
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What is your approach to 401 K plan rollovers? |
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Depending on what a client wants, my approach can be as simple as finding the best options to decrease cost and increase returns or my approach can be more advanced to help my client understand how this pot of money will fit into creating a long-term financial plan. |
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How long does the process of rolling over a 401K plan usually take? |
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The paper work on your part will take 20 minutes. We will fill this out with you. The rollover itself can take up to 90 days as it is at the discretion of the 401(k) administrator when they release those funds to the new account. |
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What financial institutions do you represent? |
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I Represent over 30 institutions. |
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| Q. |
How many years of experience do you have? |
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What are your fees for this service? |
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I have an ongoing fee schedule that is based on the assets you have invested ranging from 1.25% to 0.2%. |
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How many 401K rollover clients do you currently manage? |
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Do you provide a free initial consultation? |
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