Business Description
Integration of retirement income with multi-generational legacy planning. NEXT Financial Group, Inc. is a full service independent investment management firm located in the Birmingham area, dedicated to helping those we serve achieve their financial goals. We offer an extensive range of services that include: COMPREHENSIVE FINANCIAL PLANNING Cash management Insurance planning Tax planning Education funding analysis Retirement planning Estate planning INVESTMENT MANAGEMENT Definition of objectives Drafting of investment guidelines Asset/style allocation recommendations Tax-aware investment strategies Investment manager selection Ongoing performance monitoring Ongoing review and analysis of objectives and guidelines BUSINESS PLANNING SOLUTIONS Succession planning Pension and profit-sharing plans 401(k) consulting Executive compensation plans Retirement plan administration Securities offered through NEXT Financial Group, Inc. Member FINRA/SIPC. Neither NEXT Financial Group, Inc. nor its representatives offer tax or legal advice. Please consult your tax or legal professional before taking any action.
General Information Gender:    Male CRD#:    4668284 Firm CRD#:    46214 Insurance License#:    AL - 218461 Name of Broker/Dealer:    NEXT Financial Group, Inc. Name of Custodial Firm:    Pershing, LLC, TD Ameritrade States Licensed in:    AL, MS, WI Years of Experience in Financial Services:    25 Number of Years with Current Firm:    2 Work Experience:    Registered Forester, 1980 - 1984 Bank Trust Officer, 1985 - 1996 Private Banker, 1997 - 1998 Charitable Asset Manager, 1998 - 2001 Private Trust Company Officer, 2002 Wirehouse Broker, 2003 - 2004 Independent Financial Planner, 2005 - Present I work with the following types of clients:    Non-Profit Organizations, Individual Investors, Businesses
Education Academic Background   B. S., Forest Management, Mississippi State University, 1980 The Southern Trust School Graduate, 1988 The American College, 2004, CAP
Services Investment Types:    Exchange Traded Funds (ETFs), Annuities, Bonds, Stocks, Insurance, Mutual Funds, Options & Futures, Alternative Investments, Socially Responsible Investments (SRI)
Qualifications & Memberships Certifications, Accreditations & Designations:    Chartered Advisor in Philanthropy Securities Licenses:    Series 7, Series 66 Insurance and Annuity Licenses:    Long Term Care, Variable Annuity, Variable Life, Life, Health, Annuity, Disability Financial Organization Memberships:    Advisors in Philanthopy Non-Financial Organization Memberships:    Association of Fundraising Professionals
Firm Information Number of Advisors in Office:    Up to 10 employees I work with clients as part of a team:    Yes
Compliance Registered Representative:    Yes 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:	Lawrence E. Wall, CAP

Frequently Asked Questions

Q.	What are your qualifications? What is your education background?

Q.	What is your approach to financial planning?

Q.	What services do you offer?

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

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

Q.	What services do you provide? What are your specialties?

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?

Q.	What are your management fees?

Q.	What kind of plans do you specialize in?

Q.	Do you offer any additional services?

Q.	What is your approach to 401 K plan rollovers?

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Q.	What are your qualifications? What is your education background?
A broad spectrum of actual experience since 1984 which includes Trust Administration, Estate Planning, Private Banking and Institutional Asset Manager.

Q.	What is your approach to financial planning?
Goals-based Comprehensive Financial Planning. A good Financial Planner cannot recommend to the left-hand what it should do if they don't know what the right-hand is doing.

Q.	What services do you offer?
Fee based Financial Planning by specific goal, or perform a holistic evaluation of your financial situation. Asset management that is promarily fee-based.

Q.	How are you compensated? How will I pay for your services?
Financial Plans are paid by the client for a pre-agreed upon rate. Or, if there are assets to manage the Comprehensive Financial Plan is a part of the service. Those fees are typically paid by the assets themselves.

Q.	How much risk should I be willing to take?
A client's risk is determined by the needed rate of return in order to achieve the specific goal. If the amount of risk determined to meet the goal is too high, then a contingent plan must be created to lower the goal.

Q.	What services do you provide? What are your specialties?
Investment Management which utilizes the appropriate asset mix or investment vehicle that optimizes return. The use of Index Funds or ETFs are most appropriate when the account is taxable in order to minimize the tax consequences. Use active managers in Mutual Funds in Retirement Accounts when taxes are not a consideration.

Q.	What financial institution(s) do you represent?
There are no financial institutions that I am affiliated with, nor is there any proprietary product that I am mandated to sell. My goal is to obtain a lifelong relationship with my clients and their children.

Q.	How do you charge for your services?
Assets are managed for clients on a tiered fee-schedule which means that as the investment relationship grows there are breakpoints which provide discounts to the client.

Q.	Do you provide a free initial consultation?
First time meetings are always a free consultation.

Q.	Why should I choose you as my financial advisor?
My multi-faceted expertise which includes land resource management, charitable planning, estate planning, asset management can benefit any family with the most complex planning needs. My clients have included high net-worth families, business owners, major corporations and large institutional foundations. My loyalty is to you, not a specific product or provider.

Q.	What are your management fees?
My management fees are based on a percentage of the plan's assets, or a combination of the plan's annual deposits and a smaller portion for existing assets in the plan.

Q.	What kind of plans do you specialize in?
Since my work with Retirement Plans goes back to 1984, I can assist in the design and management of all 401(k)s, Cash-balanced Plans, Defined Benefit Plans, and Non-Qualified Deferred Compensation Plans.

Q.	Do you offer any additional services?
Existing Retirement Plan Review on a Consultative basis.

Q.	What is your approach to 401 K plan rollovers?
Analysis of the current and future income needs from the Rollover to determine the most tax advantaged approach for optimizing the benefits for now, and if there are legacy intentions to consider.