The WealthPlan was founded by David Efrem Warshaw, CHFC®, CLU®.
The WealthPlan is a comprehensive financial planning & asset
management practice service clients throughout multiple
generations. The WealthPlan currently manages over $21 million
for over 120 households throughout the country.
Financial Advice & Consulting
We offer comprehensive financial planning advice to our clients. This includes asset management, tax, estate, retirement, college, and insurance advice.
Financial Planning for Individuals
We create written financial plans so clients know exactly what they need to save today in order to draw a meaningful retirement income.
Financial Planning for Businesses
We establish retirement plans for business of all sizes as well as advanced insurance strategies for national businesses.
We believe every client should have both offensive and defensive strategies in their portfolios. Offense refers to globally diversified buy and hold strategies. Defense refers to many strategies. Cash and municipal bonds represent two strategies. Cash value life insurance and annuities represent more defensive strategies. Finally, we offer tactical, absolute return, and alternative investment strategies similar to today's hedge funds.
We help you figure out exactly how much you need to save in order to retire when you want and draw the income you want to draw for your lifetime.
We assist clients in determining if they should roll over their 401k's and the pros and cons of doing so.
We offer life, disability, and long term care services. We also have contacts at Aflac and Property / Casualty insurance companies.
We offer fixed, immediate, and variable annuities with income guarantees.
David graduated from Washington University of St. Louis in 2003
majoring in both finance and accounting. After becoming fully
licensed, he was employed as a financial advisor with Ameriprise
Financial back in 2004. David is a Chartered Financial
Consultant® and Chartered Life Underwriter®. His combined
education and experience position him to offer broad-based
financial advice that our clients can count on. To meet with
David Warshaw, contact us by phone at 516-683-6210.
On a personal level, David enjoys reading books on economics,
financial planning, and politics. He is an avid consumer of media
– including television, movies, and music. Last but not least, he
loves to dance!
|Firm Start Year:||2004|
|Name of Broker/Dealer:||American Portfolios Financial Services, Inc.|
|Name of Custodial Firm:||Pershing & TD Ameritrade|
|States Licensed in:||
|Number of Years with Current Firm:||4|
|Work Experience:||I started at American Express Financial Advisors (now Ameriprise) in January of 2004. I opened up The WealthPlan in 2010.|
|I work with the following types of clients:||Non-Profit Organizations , Individual Investors , Businesses , Investment Clubs|
|Foreign Languages Serviced:||N/A|
|Investment Types:||Alternative Investments , Exchange Traded Funds (ETFs) , Mortgages & Real Estate , Commodities , Insurance , Mutual Funds , Stocks , Bonds , Options & Futures , FOREX & Currency , Annuities , Socially Responsible Investments (SRI)|
|Qualifications & Memberships|
|Insurance and Annuity Licenses:||Variable Life , Annuity , Life , Variable Annuity , Long Term Care , Disability|
|Financial Organization Memberships:||Paladin Registry|
|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:||200|
|Firm's Number of Managed Clients:||150|
|Assets Managed by Firm:||$21 Million|
|Advisor's Number of Clients:||200|
|Advisor's Number of Managed Clients:||150|
|Advisor's Number of Planning Clients:||200|
|Assets Managed by Advisor:||$21 Million|
|Registered Investment Advisor:||Yes|
|Investment Advisor Representative:||Yes|
|I am an acknowledged fiduciary:||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:||No minimum|
|Compensation Methods:||Based on Assets|
|Fee % Based on Assets:||1%|
|Flat Fee Rate:||N/A|
|Additional Details on Charges:||
Our models have different fees which can be as low |
as 0.6% to 1%.
|Minimum Fee Charged for Managed Accounts:||0.85%|
|Minimum Fee Charged for Hourly Planning Accounts:||N/A|
|Minimum Fee Charged for Flat Fee Accounts:||N/A|
Finance & Accounting Double Major - Finance / Accounting
Washington University - St. Louis, Missouri
September 1999-May 2003
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I love to read. My focus currently is in the realm of
economic and political thought. I also read a lot about
my industry and the investment landscape.
I am currently single looking for love.
I love to dance, watch film and television, and am a
huge music person.