The WealthPlan
David Warshaw
ChFC®, CLU®
(516) 683-6210
10 Years of Experience
- Insurance License# LA-508244
- Series 7, 66
- CRD# 4702122
Offers & Pledges
- I provide a free initial consultation:
We believe that people should work with a financial advisor to reach their goals through multiple generations.
These goals include retirement asset accumulation, portfolio income strategies, college planning, and lowering one’s tax burden among others.
We believe you should like your advisor, trust in their advice, and feel their solutions make sense. The advisor should provide education first and foremost along with top notch service and non-proprietary solutions.
We strive to be the best at what we do and are proud to report we are currently managing over $19 million for over 100 households.
HIGHLIGHTS
| General Information |
| Firm Start Year: | 2004 |
| No.of Employees: | 1 |
| Insurance License#: | LA-508244 |
| Name of Broker/Dealer: | American Portfolios |
| Name of Custodial Firm: | Pershing, TD Ameritrade |
| States Licensed in: |
NY NJ MD FL CA |
| 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 |
| Services |
| 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 |
| 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: | 200 |
| Firm's Number of Managed Clients: | 150 |
| Assets Managed by Firm: | $19 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: | $19 Million |
| Compliance |
| 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% (varies |
| Hourly Rate: | N/A |
| 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: | .60% |
| Minimum Fee Charged for Hourly Planning Accounts: | N/A |
| Minimum Fee Charged for Flat Fee Accounts: | N/A |
FAQs
General Questions
Do you have a customer satisfaction or refund policy?
Financial Planners
What are your qualifications? What is your education background?
What is your approach to financial planning?
What services do you offer?
How many clients do you currently manage?
Will you be the only person working with me?
How are you compensated? How will I pay for your services?
If you are going to manage my account, will you obtain my permission every time you buy or sell something?
Do you offer any guaranteed results?
How much risk should I be willing to take?
Have you ever been charged with any breaches?
Financial Advisors
What services do you provide? What are your specialties?
What is your experience? How many clients do you currently manage?
What financial institution(s) do you represent?
How do you charge for your services?
Do you provide a free initial consultation?
Why should I choose you as my financial advisor?
401k Plan Services
What are your management fees?
What kind of plans do you specialize in?
Do you have a minimum requirement for number of employees or total investment value?
What type of plans do you offer?
Do you offer any additional services?
401K Plan Rollover
What are your qualifications?
What is your approach to 401 K plan rollovers?
How long does the process of rolling over a 401K plan usually take?
What financial institutions do you represent?
How many years of experience do you have?
What are your fees for this service?
How many 401K rollover clients do you currently manage?
Why should I roll over my 401K plan to your firm?
Do you provide a free initial consultation?
Do you have a customer satisfaction or refund policy?
Financial Planners
What are your qualifications? What is your education background?
What is your approach to financial planning?
What services do you offer?
How many clients do you currently manage?
Will you be the only person working with me?
How are you compensated? How will I pay for your services?
If you are going to manage my account, will you obtain my permission every time you buy or sell something?
Do you offer any guaranteed results?
How much risk should I be willing to take?
Have you ever been charged with any breaches?
Financial Advisors
What services do you provide? What are your specialties?
What is your experience? How many clients do you currently manage?
What financial institution(s) do you represent?
How do you charge for your services?
Do you provide a free initial consultation?
Why should I choose you as my financial advisor?
401k Plan Services
What are your management fees?
What kind of plans do you specialize in?
Do you have a minimum requirement for number of employees or total investment value?
What type of plans do you offer?
Do you offer any additional services?
401K Plan Rollover
What are your qualifications?
What is your approach to 401 K plan rollovers?
How long does the process of rolling over a 401K plan usually take?
What financial institutions do you represent?
How many years of experience do you have?
What are your fees for this service?
How many 401K rollover clients do you currently manage?
Why should I roll over my 401K plan to your firm?
Do you provide a free initial consultation?
-
Do you have a customer satisfaction or refund policy?
We strive for excellence in customer satisfaction. We meet with clients at least 2 times per year, return calls promptly, and do everything we can for an amazing client experience. For example, we do a lot of phone and web conferences so clients can stay home during winter -
What are your qualifications? What is your education background?
Finance & Accoutning Double Major - Washington University in St. Louis, MO Series 7 & 66 Licensee Chartered Financial Consultant (CHFC) Chartered Life Underwriter (CLU) -
What is your approach to financial planning?
Multi-generation comprehensive financial planning is our core competency. The advice is given in the form of a written plan. -
What services do you offer?
Asset Managedment Protection Planning - Life, Disability, and Long Term Care Insurance. Financial Goal Setting - Retirement, Education, Home Tax Planning Estate Planning -
How many clients do you currently manage?
Over 100 households -
Will you be the only person working with me?
Yes -
How are you compensated? How will I pay for your services?
The WealthPlan charges a flat fee deducted from the account. For most models we offer, it is 1% per year. -
If you are going to manage my account, will you obtain my permission every time you buy or sell something?
It is up to the client. We do both discretionary and non-discretionary accounts. -
Do you offer any guaranteed results?
This is only possible if we use a guaranteed product. Otherwise it would be wrong to offer any guarantee in the investment world. -
How much risk should I be willing to take?
We will help you determine this on a case by case basis. -
Have you ever been charged with any breaches?
We have a 100% clean compliance record. You can confirm this by going to www.finra.org and clicking on the brokercheck link. -
What services do you provide? What are your specialties?
Asset Managedment Protection Planning - Life, Disability, and Long Term Care Insurance. Financial Goal Setting - Retirement, Education, Home Tax Planning Estate Planning -
What is your experience? How many clients do you currently manage?
We will celebrate our 10th year in business in 2013. We currently serve over 100 households with over $19 Million under management. -
What financial institution(s) do you represent?
I am an indpendent financial advisor so I can utilize investment and insurance solutions from most major financial institutions. -
How do you charge for your services?
The WealthPlan charges a flat fee deducted from the account. For most models we offer, it is 1% per year. -
Do you provide a free initial consultation?
Absolutely. -
Why should I choose you as my financial advisor?
We care about our clients - first and foremost. Our financial success is directly linked with our client's success. Finally, we believe education is key to a strong client/advisor relationship. You can meet with us in a complimentary session where we will educate you on why you should engage in planning, why even worth with a financial advisor, and our approach to investing. -
What are your management fees?
We typically charge anywhere from 0.5% - 1% to manage a 401k plan's assets. -
What kind of plans do you specialize in?
All qualified plans. -
Do you have a minimum requirement for number of employees or total investment value?
No. -
What type of plans do you offer?
All qualified plans. -
Do you offer any additional services?
Yes. We offer comprehensive financial planning services to all 401k particpants as well. -
What are your qualifications?
Finance & Accoutning Double Major - Washington University in St. Louis, MO Series 7 & 66 Licensee Chartered Financial Consultant (CHFC) Chartered Life Underwriter (CLU) -
What is your approach to 401 K plan rollovers?
We specialize in this area. It is done on a case by case basis. In most cases, rollovers are very suitable because clients are very limited in their investment selection in 401k plans. -
How long does the process of rolling over a 401K plan usually take?
It depends on the current institution holding the assets. It can range from 1 to 6 weeks. -
What financial institutions do you represent?
I am an indpendent financial advisor so I can utilize investment and insurance solutions from most major financial institutions. -
How many years of experience do you have?
10 years. -
What are your fees for this service?
The WealthPlan charges a flat fee deducted from the account. For most 401k plans, it is 0.5% - 1% per year. -
How many 401K rollover clients do you currently manage?
The vast majority of our clients have done 401k rollovers through us as it is a primary part of our business. -
Why should I roll over my 401K plan to your firm?
We have a very unique and different investment philosophy that we feel is critical for rollover assts. We would be delighted to educate you in a complimentary webinar over the phone or in person. -
Do you provide a free initial consultation?
Yes.
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Office Hours
 |
Mon. | 10:00 AM - 8:00 PM | |
Tue. | 10:00 AM - 8:00 PM | |
Wed. | 10:00 AM - 8:00 PM | |
Thu. | 10:00 AM - 8:00 PM | |
Fri. | 10:00 AM - 8:00 PM |
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