Alan L. Rosenberg & Company is a Registered Investment Adisory Firm. How are we different from advisors who work at a bank, an insurance company or a brokerage firm? And what exactly does it mean to you?
In contrast to "brokers" and "insurance agents", (even ones who call themselves "financial advisors" or "financial planners") independent registered investment advisors are always legally required to act as fiduciaries to their clients. This means that they must put their clients' interests first - not the interests of the company they work for.
Also, independent, fee-based registered investment advisors may be more closely aligned with their clients because they are generally free from the conflicts, constraints, limitations, and pressures so often found in the financial services industry today.
It is in the investors' best interest to know the difference between a "fiduciary" standard and a "suitability" standard. The overwhelming majority of advisors today may offer you products that may be "suitable" according to your profile, needs and goals but they may not be the best choices to help you meet those needs and goals. A fiduciary "MUST" choose only those products and services that are indeed the best possible choices for you.
As you read this today, Wall Street is fighting very hard to keep the "Merrill" exemption; in other words they do not want the reps of their registered investment advisory division to be required to use the fiduciary standard . What type of advisor do you want to work with?
|Firm Start Year:||2003|
|Name of Broker/Dealer:||Investacorp, Inc.|
|Name of Custodial Firm:||National Financial (NFS)|
|States Licensed in:||FL, MS, MT, NY, PA, TN, NC|
|Number of Years with Current Firm:||12+|
|Work Experience:||1988-1995 Independent Advisor. 1996-2003 owned a full service Broker/Dealer: Chief Compliance Officer/Financial Planner. 2003-Present: Own a Registered Investment Advisory Firm. Also was the host of a daily Tampa Bay radio show called "Inevitable Wealth".|
|I work with the following types of clients:||Businesses , Individual Investors , Non-Profit Organizations , Estates , Investment Clubs|
|Foreign Languages Serviced:||Spanish|
|Investment Types:||Structured Investments , Stocks , Mutual Funds , Bonds , Annuities , Insurance , Mortgages & Real Estate , Exchange Traded Funds (ETFs) , Alternative Investments , Socially Responsible Investments (SRI)|
|I can meet clients in the following ways:||Via email , Via phone , At your office , At your home , At my office|
|Qualifications & Memberships|
|Insurance and Annuity Licenses:||Disability , Annuity , Health , Life , Variable Annuity , Long Term Care , Variable Life|
|Financial Organization Memberships:||National Association of Insurance and Financial Advisors (NAIFA) , Financial Planning Association (FPA)|
|Non-Financial Organization Memberships:||Past President: Oldsmar/Eastlake Rotary Club|
|Registered Investment Advisor:||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:||$50,000|
|Compensation Methods:||Subscriptions , Based on Assets , Flat Fee , Hourly , Commissions|
|Fee % Based on Assets:||1%-1.5%|
|Flat Fee Rate:||$500 up|
|Additional Details on Charges:||The degree of complexity of the customized Financial Plan creation determines the total fee. However, the fee is usually waved when we implement the plan.|
Alan is a 26 year veteran of the financial services industry. Alan spent many years as host of the popular financial radio show ?Inevitable Wealth?. He has also hosted hundreds of financial educational seminars and workshops.
Because of the popularity of the radio show, the seminars and workshops Alan felt it was time to start a Registered Investment Advisory firm. Alan L Rosenberg & Company, Inc. was created in 2003. Alan believes that as an independent, ?fee-based? advisor he is better able to address the needs, dreams and goals of his clients. In contrast to ?brokers?, ?insurance salespeople?, and bankers (all of which may refer to themselves as ?financial planners? or ?financial advisors?) independent registered investment advisors are always legally required to act as ?fiduciaries? to their clients. This means that they must put their clients? interests first. Most industry professionals adhere to a ?suitability? standard as opposed to the fiduciary standard.
Alan also believes that knowing his clients, their families, their needs and their goals requires that he keep his practice limited to a smaller number of clients than most other advisors. As such he currently has a limited number of openings to help new clients address their dreams, goals, and needs.