| Advisor Profile |
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| Disclaimer |
| LifePlan Advisors is licensed with all required
regulatory bodies as a Registered Investment
Advisor. The firm will not solicit or accept
business in any state in which it is not properly
registered or otherwise qualified to conduct
business by virtue of a state "de minimus"
exemption. Each state has it's own minimum
requirements, and all Registered Investment
Advisory firms and representatives are legally
bound by those requirements. |
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Business Description |
Asset Management services to individuals tired of
the 'Buy, Hold, Lose' approach, 'churn and burn'
commission strategies, and nameless, faceless brokers
and companies in 'Finance Land' who don't
know or care who you are unless you have
hundreds of thousands or millions to invest
with them. |
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General Information |
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| Insurance License#: |
L056697
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| Name of Custodial Firm: |
Pershing
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| States Licensed in: |
FL, OR
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| States Willing to do Business in: |
All States
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| Years of Experience in Financial Services: |
31
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| Number of Years with Current Firm: |
12
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| Work Experience: |
1991 - Current Investment Management
1980 - 1990 Registered representative
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| I work with the following types of clients: |
Businesses, Individual Investors
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Education |
| Academic Background |
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College for Financial Planning - Studies in
investments, insurance, retirement planning
Richland College - Business Major |
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Services |
| Investment Types: |
Annuities, Stocks, Mutual Funds, Exchange Traded Funds (ETFs)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Chartered Retirement Planning Counselor (CRPC®), Chartered Mutual Fund Counselor (CMFC®)
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| Securities Licenses: |
Series 65
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| Insurance and Annuity Licenses: |
Annuity, Long Term Care, Life
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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: |
25
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| Firm's Number of Managed Clients: |
22
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| Assets Managed by Firm: |
$3,500,500
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| Advisor's Number of Clients: |
35
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| Advisor's Number of Managed Clients: |
22
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| Advisor's Number of Planning Clients: |
22
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| Assets Managed by Advisor: |
$3,500,000
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Compliance |
| Registered Investment Advisor: |
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 |
| Fee Structure: |
I am a fee-based financial professional
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| Minimum Portfolio Size for New Managed Accounts: |
$50,000
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| Compensation Methods: |
Based on Assets
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| Fee % Based on Assets: |
1.2%-0.60%
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| Additional Details on Charges: |
Asset Management fees range from 0.60% to 1.20%,
determined by account values.
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| Minimum Fee Charged for Managed Accounts: |
$150 qtr.
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| Minimum Fee Charged for Hourly Planning Accounts: |
NA
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| Minimum Fee Charged for Flat Fee Accounts: |
NA
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| Prepared By: |
Steve Hood |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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Yes, full refund of first quarters fees of our engagement charged by advisory firm, LifePlan Advisors, Inc. if requested by client for any reason, or no reason.
(Transaction fees charged by brokerage firm are not refundable) |
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| Q. |
What are your qualifications? |
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Advised most of my active clients concerning their retirement and 401k options. Always in sync with their long term financial needs as part of the analysis. |
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| Q. |
What is your approach to 401 K plan rollovers? |
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Varies based on individual needs. The 401k plan must first be analyzed. Then recommendations made based on clients entire financial situation, personal retirement needs and goals. |
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How long does the process of rolling over a 401K plan usually take? |
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It usually goes faster than the 'old' days. It varies depending on each employers process and requirements. |
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What financial institutions do you represent? |
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Totally independent. I only use those brokerage and custodial firms best qualified to serve the needs of each individual client. |
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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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In conjunction with the asset management fees. I do no stand alone financial or retirement planning. |
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| Q. |
How many 401K rollover clients do you currently manage? |
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Virtually all my clients have rollover accounts, approx. 35 currently. |
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Why should I roll over my 401K plan to your firm? |
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For the additional layers of protection gained through my philosophy of protecting my clients lifetime financial security. This includes a structured investment management program with 'Exit Strategies' in place to protect against the severe market corrections in the world of market risk investments. |
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Do you provide a free initial consultation? |
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