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R. J. Kelly, CLU®, RICP®, MSFS, ChFC®, CEPA®, AEP®
Wealth Legacy Group, Inc.

Tel: 858-569-0633
4540 Kearny Villa Road
Suite 114
San Diego, CA 92123
Wealth Legacy Group, Inc. | Financial Advisor in San Diego ,CA

Exceptional Advisor to Successful Business Owners, Executives and Professionals


About R. J. Kelly

R. J. Kelly is Founder and Chief Visionary Officer of Wealth Legacy Group®, Inc. Located in San Diego, CA, WLG has clients in nineteen states and growing. Creator of the proprietary Critical Actions Roadmap, R. J. and the WLG team develop comprehensive plans that maximize investment and asset growth, reduce taxes, mitigate risk, create clarity in family legacy & issues of philanthropy, and facilitate business succession and exit strategies. He has been repeatedly called upon as an expert witness and is skilled in handling delicate interpersonal matters and facilitating family communication. R. J. is a frequent speaker and author. The San Diego Union Tribune, L.A. Times, Yahoo Finance, San Diego Magazine have run feature articles on R. J. or published articles by him, to name just a few. Speaking audiences are many and include: Vistage International Conference and numerous local chapters; Strazzeri/Mancini Gathering; main platform speaker for various national conferences including: Advisors in Philanthropy, Nothing Bundt Cakes, Million Dollar Round Table, NAIFA, and many others. Additionally, R. J. was featured on the PBS series - The Financial Advisors.

Read More: https://wealthlegacygroup.com/team/r-j-kelly-financial-advisor-san-diego/

Professional Credentials Explained: https://wealthlegacygroup.com/wp-content/uploads/2021/06/Professional-Credentials-rev-06-01-2021.pdf


About Wealth Legacy Group, Inc.

Our Vision We believe that successful business owners, executives and professionals want and need a comprehensive planning process to ensure the eventual transition and legacy of their business and/or their wealth. Unfortunately, most individuals are too busy running their hectic day-to-day lives and don't take the time to put an integrated and comprehensive plan in place. Our vision is to provide a roadmap to ensure that wealth (which includes: financial, relational, mental, emotional, physical, family, and spiritual wealth) is protected through all stages of the financial life cycle. We bring a unique perspective forged over decades of experience as a multi-disciplinary group. Using our proprietary process built upon trust and clear communication, our perspective encompasses: Asset & risk management - Estate & business transition planning - Retirement & wealth management - Family & employee relationships - Philanthropic & legacy goals Mission Statement We provide a unique and multi-disciplinary planning experience to exceptional entrepreneurs, professionals, executives, and their families using a comprehensive team approach. Value Statement We are committed to being the nation's premier organization for assisting clients in successfully navigating significant business, life, and legacy issues, while creating long-standing and mutually profitable relationships. Our Values Are To ... Provide a warm and welcoming professional experience - Treat our clients, staff and strategic partners with integrity and respect - Develop lasting relationships to help our clients reach their long-term goals - Apply our expert skills, knowledge, and creativity to develop unique and comprehensive solutions - Encourage our clients to make wise philanthropic decisions - Respect our clients privacy by safeguarding personal information - Encourage feedback and initiate positive change - Serve our greater community by engaging in meaningful non-profit activities - Enjoy our team, clients and work environment and have fun in the process!

Visit us at: https://wealthlegacygroup.com/

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General Information

Firm Start Year:   2006
No.of Employees:   5-9
Insurance License#:   0697059; 251487; 1726327; 1024041; 579090; 677250
States Licensed in:   CA, WA, TX, AZ, NC, OR, VA, SD, MS
Number of Years with Current Firm:   16
Work Experience:   R. J. is an entrepreneur and son of an entrepreneur who sadly died when R. J. was age 18. Experiencing this, upon graduating from university, R. J. set out to build a multi-disciplinary firm to address the various planning concerns and issues of successful entrepreneurs, executives, professionals, and their families. His work experience has thus been focused on advanced planning concerns and has been an independent wealth and financial advisor most of his career.
Work with the following types of clients:   Individual Investors, Businesses
Foreign Languages Serviced:   English
Advisory Services Provided:   Financial Planning for Businesses, Tax Advice and Services, Financial Planning for Individuals, Education Funding and Planning, Risk Management, Money Management, Wealth Management, Retirement Planning, Portfolio Management, Financial Planning, Insurance Products & Annuities, Estate Planning & Trusts, Investment Advice & Management, Financial Advice & Consulting, 401K Rollovers

Services

Investment Types:   Bonds, Mutual Funds, Stocks, Insurance, Mortgages & Real Estate, Exchange Traded Funds (ETFs), Socially Responsible Investments (SRI)
Can meet clients in the following ways:   Video Conference, Via Phone, Via Email, Our Offices, Our Office, Your Office

Qualifications & Memberships

Insurance and Annuity Licenses:   Disability, Accident, Annuity, Health, Life, Long Term Care

Firm Information

Advisor's Number of Clients:   300
Advisor's Number of Managed Clients:   86
Advisor's Number of Planning Clients:   122
Assets Managed by Advisor:   $75,000,000

Compensation and Fees

Fee Structure:   Fee-Based
Minimum Portfolio Size for New Managed Accounts:   $1,000,000
Compensation Methods:   Hourly, Flat Fee, Commissions, Based on Assets
Fee % Based on Assets:   36-125 bps
Hourly Rate:   $595
Additional Details on Charges:   Our client minimum is normally $1M in assets, but occasionally we accept clients with less than that figure - Our advisory fee is 1% for assets of $500,000 to $3M - Below $500,000 it is 1.25% - From $3M and below $5M, it is 0.88% - From $5M and below $10M, it is 0.68% - From $10M and below $20M, it is 0.52% - From $20M and above, it is 0.36%
Minimum Fee Charged for Managed Accounts:   $N/A
Minimum Fee Charged for Hourly Planning Accounts:   $N/A

Board Positions

Organization :   The Terraces at Escala, San Diego, CA
Position :   Treasurer & General Board Member
Duration :   5/15/2019-Present
Organization :   La Jolla Institute of Health & Immunology, La Jolla, CA
Position :   Professional Advisory Board
Duration :   10/1/2018-Present
Organization :   Salvation Army, San Diego, CA
Position :   Professional Advisory Board
Duration :   6/1/2000-6/1/2004
Organization :   The Center for Wealth & Legacy, San Diego, CA
Position :   Co-Founder & Program Manager
Duration :   8/15/2008-01/25/2021
Organization :   Ronald Reagan Library, Simi Valley, CA
Position :   Professional Advisory Board
Duration :   2/1/2008-2/1/2010

Education

Bachelor of Arts  - Business Administration   Washington State University  - Pullman, WA
9/1/1973-6/1/1977
Master of Science  - Financial Services   The American College  - Bryn Mawr, PA
10/01/1988-10/01/1991

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Financial Services

Portfolio Management

We use an innovative, low-cost ETF platform to offer investors a liquid portfolio management solution that over time has been shown to capture gains while limiting losses from today's market volatility.

401K Rollovers

For clients aged 59 1/2 and above, we can assist them in moving assets from their 401k plans to self-directed IRA's. For clients leaving their company, we can asset them in rolling 401k assets into their own IRA, or often, setting up their own replacement 401k. For clients under age 59 1/2 with large 401k balances, we can assist them in a special strategy that allows for tax-free transfers out to a spousal IRA.

Money Management

For those with cash balances above $500,000, we have special cash management programs earning the highest rates - with FDIC protection up to $2,500,000 per person.

Financial Planning for Individuals

Our typical client is a successful entrepreneur, executive, professional, real estate owner, and their families - at times two or three generations. We offer a fee-based analysis to review and assess current estate documents, investments, insurance, retirement, legacy, and philanthropic planning and then provide a roadmap to assist clients in reaching their goals.

Education Funding and Planning

We have expertise in FAFSA (Free Application for Federal Student Aid) and accumulating assets for educational expenses

Investment Advice & Management

We use an innovative, low-cost ETF platform to offer investors a liquid portfolio management solution that over time has been shown to capture gains while limiting losses from today's market volatility.

Retirement Planning

As a Retirement Income Certified Professional®, I have been trained in the science of decumulation planning which is just as important as helping clients accumulate assets. The four most dangerous years of retirement are the two years just prior and two years just following retirement. Our Critical Actions Roadmap helps clients stress test their portfolios to ensure they stand up over time.

Annuities

We have access to a robust platform of annuities through a producer group in which we are a member. We do not frequently recommend annuities because of limitations on their growth potential and lack of liquidity for the assets. There are, however, times when annuities can be an important addition to a diversified financial plan.

Estate Planning & Trusts

I am an Accredited Estate Planner®, and we also have our own in-house attorney. We review estate and business succession documents routinely. We do not draft documents but look for mistakes and advise how to utilize trusts in the best states for asset protection and elimination or reduction of estate taxes. We offer a fee-based analysis to review and assess current estate documents, investments, insurance, retirement, legacy, and philanthropic planning and then provide a roadmap to assist clients in reaching their goals.

Wealth Management

Only 1% of financial advisors are an independent Registered Investment Advisor as we are. Most are affiliated with a Broker-Dealer which limits their ability to provide financial advice across an entire spectrum of investment options. We have no limitations and can provide expertise and feedback on whatever investments you may be considering or have presently in your portfolio.

Risk Management

As a Chartered Life Underwriter® and Chartered Financial Consultant®, I am highly trained in the aspects of insurance risk management. And, as an Accredited Estate Planner®, we can help assess the degree to which your assets are at risk, and how to mitigate that risk from unknown, unexpected creditors.

Financial Planning for Businesses

As a Certified Exit Planning Advisor®, we offer planning services for business entities, their officers, and owners to provide for business succession, tax mitigation, investment growth, risk management, deferred compensation programs, stock option planning, and other services directed towards the business suite.

Financial Advice & Consulting

With over 35 years of providing financial advice and consulting, our typical client is a successful entrepreneur, executive, professional, real estate owner, and their families. At times, this may involve two or three generations for dynastic planning in trusts that can last in perpetuity. We offer a fee-based analysis to review and assess current estate documents, investments, insurance, retirement, legacy, and philanthropic planning and then provide a roadmap to assist clients in reaching their goals.

Insurance Planning

I am a Chartered Life Underwriter®. As such, I am intimately acquainted with the use of modern products that access the equity markets to produce returns that are not taxable to the client. We also have significant relationships with banks that are willing to lend funds into the millions of dollars for the purchase of life insurance to provide estate liquidity - funding for buy-sell agreements - and/or nontaxable income streams from the insurance products. Additionally, we assist clients in the purchase of specialized disability insurance and long-term care insurance programs.

Tax Advice and Services

With a master's in financial services, and a sub-specialty in taxation, we are routinely called upon to provide innovative strategies to reduce, defer and even eliminate taxes upon the sale of appreciated assets such as a business, stock/bond/mutual fund portfolios, real estate, and other such assets. Through our Critical Actions Roadmap, we also identify underperforming assets that are creating tax issues for clients. Also, we find ways to reduce income taxes both Federally and State specific that frequently CPA's either miss or are not aware of.

Compliance

Registered Investment Advisor:

Yes


Investment Advisor Representative:

Yes


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


Office Hours

wiseradvisor-balck-li-img Mon. 9:00 AM - 5:00 PM
wiseradvisor-balck-li-img Tue. 9:00 AM - 5:00 PM
wiseradvisor-balck-li-img Wed. 9:00 AM - 5:00 PM
wiseradvisor-balck-li-img Thu. 9:00 AM - 5:00 PM
wiseradvisor-balck-li-img Fri. 9:00 AM - 5:00 PM

Communities Served

Nineteen states at present

Compensation Arrangements

Check Bank Transfer

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