| Advisor Profile |
|
 |
| Research This Advisor |
|
|
Disclosure Link:
https://www.siionline.com/pu...
|
ADV Form II Link:
https://www.siionline.com/pr...
|
| Request More Information |
|
| Disclaimer |
| Securities and advisory services offered through SII Investments, Inc. (SII), member FINRA/SIPC and a Registered Investment Advisor. SII and Peabody Financial Services, Inc. are separate and unrelated companies. |
|
|
|
|
|
Business Description |
We are a locally owned and operated independent Financial Investment Services Firm. It is our goal to provide solid financial solutions. We base our advice on what is appropriate for our clients. As an independent Firm we have no allegiance to any company or product.
We believe developing a personal relationship is essential in our business and we are always available to meet you face to face in our offices, your home, or place of business.
Licenses and Registrations
* Series 7 and 63 General Securities.
* Series 65 Uniform Investment Advisor.
* Series 24 General Securities Principal.
Series 51 Municipal Securities Limited Principal.
* Life, Accident and Health Insurance. |
|
| |
|
|
General Information |
|
|
|
|
|
|
| Insurance License#: |
1759873
|
|
| Name of Broker/Dealer: |
SII Investments, Inc.
|
|
| Name of Custodial Firm: |
Pershing, LLC
|
|
| States Licensed in: |
AK, CA, CO, CT, DC, FL, GA, IA, KY, ME, MD, MA, MI, MN, NH, NJ, NY, NM, NC, OH, PA, RI
|
|
| States Willing to do Business in: |
MA, NH, ME, RI, FL
|
|
| Years of Experience in Financial Services: |
11
|
|
| Number of Years with Current Firm: |
8
|
|
| Work Experience: |
Financial Advisor since 2000. Edward Jones Investments for 2 years, then founded Peabody Financial Services, Inc. an independent financial services firm.
|
|
| I work with the following types of clients: |
Businesses, Individual Investors, Non-Profit Organizations
|
|
| Foreign Languages Serviced: |
Dutch
|
|
| |
|
|
|
Services |
| Investment Types: |
Medicaid Annuities, Annuities, Alternative Investments, Bonds, Mutual Funds, Insurance, Stocks, Socially Responsible Investments (SRI)
|
|
| |
|
Qualifications & Memberships |
| Securities Licenses: |
Series 63, Series 7, Series 24, Series 51, Series 65
|
|
| Insurance and Annuity Licenses: |
Life, Annuity, Disability, Variable Life, Long Term Care, Variable Annuity
|
|
| Non-Financial Organization Memberships: |
Director Peabody Area Chamber of Commerce, Director Making a Difference in Peabody Foundation, Board member Community Development Authority, City of Peabody.
|
|
| |
|
Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
|
|
| I work with clients as part of a team: |
Yes
|
|
| Firm's Number of Clients: |
200
|
|
| Firm's Number of Planning Clients: |
20
|
|
| Firm's Number of Managed Clients: |
5
|
|
| Assets Managed by Firm: |
$60,000,000
|
|
| Advisor's Number of Clients: |
125
|
|
| Advisor's Number of Managed Clients: |
5
|
|
| Advisor's Number of Planning Clients: |
10
|
|
| Assets Managed by Advisor: |
$48,000,000
|
|
| |
|
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 |
| Fee Structure: |
I am a fee-based financial professional
|
|
| Minimum Portfolio Size for New Managed Accounts: |
$100,000
|
|
| Compensation Methods: |
Commissions, Hourly, Based on Assets
|
|
| Fee % Based on Assets: |
.5 - 2 %
|
|
|
|
| Additional Details on Charges: |
Each client will be presented with the most efficient method of compensation for their personal situation and preferences.
|
|
| Minimum Fee Charged for Hourly Planning Accounts: |
$125
|
|
| |
|
| |
| |
| Prepared By: |
Rudy Van Oeveren |
Frequently Asked Questions |
|
| Q. |
Do you have a customer satisfaction or refund policy? |
| |
Yes. If you are not completely satisfied with our services, we will assist you in moving your accounts over to another financial advisor |
|
| Q. |
What are your qualifications? What is your education background? |
| |
I hold a series 7, 24, 51, 63 and 65. That means I can help you with all of your investment needs. In addition I supervise other financial advisors to ensure compliance with all rules and regulations. |
|
| Q. |
What is your approach to financial planning? |
| |
My approach is to look at each individual situation to employ the right strategy. |
|
| Q. |
What services do you offer? |
| |
We do retirement and investment planning for individuals, businesses and non-profits. We also do Life, Disability and Long Term Care Insurance. Medicaid and Estate planning are a big part of our services. |
|
| Q. |
How many clients do you currently manage? |
|
| Q. |
Will you be the only person working with me? |
| |
I have another financial advisor on staff who is also my insurance specialist. |
|
| Q. |
How are you compensated? How will I pay for your services? |
| |
We can be compensated by commission, hourly fees, fees based on assets under management or a combination thereof. All based on your personal situation and preferences. |
|
| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
| |
Yes, nothing is done without a thorough discussion on actions, fees, expenses or commissions. |
|
| Q. |
Do you offer any guaranteed results? |
|
| Q. |
How much risk should I be willing to take? |
| |
That totally depends on your situation, we have an investor questionaire that will assist us in finding out what is good for you. |
|
| Q. |
Have you ever been charged with any breaches? |
| |
No breaches and never received a client complaint. |
|
| Q. |
What carrier(s) do you represent? |
|
| Q. |
Are there any pre-existing conditions that you can not cover? |
| |
We have carriers that specialize in hard to place insurance. |
|
| Q. |
How long does it take to complete the application and approval process? |
| |
Depending on the type of insurance, the application can be done right away, the approval process may take a few weeks. |
|
| Q. |
Is there a maximum age that you can insure? |
| |
We have carriers that will insure to age 85. |
|
| Q. |
What services do you provide? What are your specialties? |
| |
e do retirement and investment planning for individuals, businesses and non-profits. We also do Life, Disability and Long Term Care Insurance. Medicaid and Estate planning are a big part of our services. |
|
| Q. |
What is your experience? How many clients do you currently manage? |
| |
This is my eleventh year in the business. 125. |
|
| Q. |
What financial institution(s) do you represent? |
| |
Since we are independent we have access to most major financial institutions. |
|
| Q. |
How do you charge for your services? |
| |
We can be compensated by commission, hourly fees, fees based on assets under management or a combination thereof. All based on your personal situation and preferences. |
|
| Q. |
Do you provide a free initial consultation? |
|
| Q. |
Why should I choose you as my financial advisor? |
| |
We are a local firm with strong ties to the community, have the experience, and will do what is right for you, the client, always. |
|
| Q. |
What are your management fees? |
| |
Depends on the size of the plan |
|
| Q. |
What kind of plans do you specialize in? |
| |
We have plans for a 1 person business to as many as 500 participants. |
|
| Q. |
Do you have a minimum requirement for number of employees or total investment value? |
|
| Q. |
What type of plans do you offer? |
| |
All major carriers depending on the size of the company. |
|
| Q. |
Do you offer any additional services? |
| |
We will educate your employees and offer our personal services to them. |
|
| Q. |
What are your qualifications? |
| |
I hold a series 7, 24, 51, 63 and 65. That means I can help you with all of your investment needs. In addition I supervise other financial advisors to ensure compliance with all rules and regulations. |
|
| Q. |
What is your approach to Education Planning? |
| |
We look at all the factors including age, family situations such as grand parents involvement, possible tax consequences. |
|
| Q. |
How long does the process of setting up an Education Plan usually take? |
| |
1 week from consultation to implementation, unless it is a huge plan. |
|
| Q. |
What financial institutions do you represent? |
| |
Since we are independent we have access to most major financial institutions. |
|
| Q. |
How many years of experience do you have? |
| |
This is my eleventh year. |
|
| Q. |
What are your fees for this service? |
| |
I can be compensated by commission, hourly fees, fees based on assets under management or a combination thereof. All based on your personal situation and preferences. |
|
| Q. |
How many Education Planning clients do you currently manage? |
|
| Q. |
Why should I work with you on setting up an Education Plan? |
| |
We are a local firm with strong ties to the community, have the experience, and will do what is right for you, the client, always. |
|
| Q. |
Do you provide a free initial consultation? |
|
| Q. |
What are your qualifications? |
| |
I hold a series 7, 24, 51, 63 and 65. That means I can help you with all of your investment needs. In addition I supervise other financial advisors to ensure compliance with all rules and regulations. |
|
| Q. |
What is your approach to 401 K plan rollovers? |
| |
Make sure that the rollover fits your needs. We take in consideration time horizon, income needs and legacy issues. |
|
| Q. |
How long does the process of rolling over a 401K plan usually take? |
| |
From the initial consultation to the actual rollover about 2 weeks. |
|
| Q. |
What financial institutions do you represent? |
| |
Since we are independent we have access to most major financial institutions. |
|
| Q. |
How many years of experience do you have? |
| |
This is my eleventh year in the financial services industry. Prior to that I owned a Real Estate Consulting Firm. |
|
| Q. |
What are your fees for this service? |
| |
We can be compensated by commission, hourly fees, fees based on assets under management or a combination thereof. All based on your personal situation and preferences. |
|
| Q. |
How many 401K rollover clients do you currently manage? |
|
| Q. |
Why should I roll over my 401K plan to your firm? |
| |
We are a local firm with strong ties to the community, have the experience, and will do what is right for you, the client, always. |
|
| Q. |
Do you provide a free initial consultation? |
|
|
|
