I am an Investment Adviser Representative of Royal Fund Management. I like to think of myself as a "financial wellness advisor" specializing in helping my clients create, grow, and watch over their income. More often than not, financial planning and advice is a result of being educated. Having been a facilitator to college student learning and tabbed with the wonderful task of teaching management, budgeting and finance classes, I use my prior education experience to develop a plan that is tailored for you. Subsequently, as a fiduciary, I have the responsibility to act in your best interest just as I had the responsibility to act in my students best interests.
Advisory: Advisory services are offered through Royal Fund Management, LLC, which is registered as an investment adviser with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.
All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions or withdrawals, and economic conditions may materially alter the performance of your portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client's investment portfolio. There are no assurances that a clients portfolio will match or outperform any particular benchmark.
Insurance: Insurance product guarantees are subject to the claims-paying ability of the issuing company. The adviser is paid commissions on the sale of insurance products.
Royal Fund Management offers Independent Fiduciary Responsibility. As a fee only investment advisory firm, Royal Fund Management does not sell financial products or receive commissions. Therefore, we are obligated, as fiduciaries, to act in the best interest of our clients.
General Information |
| Firm Start Year: | 2018 | |
| States Licensed in: | IA, TX |
| Number of Years with Current Firm: | 4 |
| Work Experience: | As a long-life sports enthusiast, I began my career in the sport management spectrum. That carried over to obtaining my PhD and teaching at South Dakota State University for 12 years. However, my wife and I were wanting to relocate back to Western Iowa to be closer to family. After a few years in the insurance business, I expanded my career to include becoming an Investment Adviser Representative and the past four years I have been doing both; insurance agent and financial advisor. The nice thing about being able to do both is it takes some of the potential bias out the planning process. The other nice thing is that I am able to create some unique income plans that other companies are typically not able to do. For example I can assist getting help with your 401(k) or developing a repair strategy for your investments, I may also be able to create an opportunity for more income if the need arises. |
| Work with the following types of clients: | Individual Investors |
| Advisory Services Provided: | Financial Advice & Consulting, Financial Planning for Individuals, Retirement Planning, Investment Advice & Management, Portfolio Management, Financial Planning, Financial Planning for Businesses |
Services |
| Can meet clients in the following ways: | Email, Phone, Our Office, Video Conference |
Qualifications & Memberships |
| Insurance and Annuity Licenses: | Annuity, Life, Long Term Care, Disability |
Firm Information |
| Assets Managed by Firm: | $1,000,000,000 |
Compensation and Fees |
| Fee Structure: | Fee-Based |
| Minimum Portfolio Size for New Managed Accounts: | $100K+ |
| Compensation Methods: | Based on Assets |
Education |
| BS - Leisure Studies | University of Iowa
- Iowa City, IA 08/1983-05/1989 |
| MS - Recreation Program Management | University of Northern Iowa
- Cedar Falls, IA 08/1995-05/1998 |
| PhD - Park and Recreation Management | Indiana University
- Bloomington, IN 08/2000-08/2003 |
Financial Services |
| Retirement Planning
Using what I believe to be one of the most comprehensive retirement planning software out on the market today, together we can develop a plan suited for you. We can determine whether or when to complete a Roth Conversion and for how long. Is it better for you to pay more tax now or pay it later. We can explore to determine what those solutions may be that get you to your desired retirement. |
| 401K Rollovers
If you have previous 401(k)s that you are no longer contributing to and they are just sitting there, it might make more sense to roll it over into one of our strategies or a blended strategy of investments and an annuity. |
| Annuities
Based on your need for need for income and your risk tolerance I can provide the type of annuity that is suitable for you whether it is to accumulate income or perhaps provide an income stream. As an independent agent I have access to variety of annuity companies. |
| Insurance Planning
As an independent insurance agent, I can help identify the appropriate amount of insurance and what type might be best for you and your loved ones whether it be life, disability or long-term care. |
FAQs |
Do you have a customer satisfaction or refund policy?Yes we do. All our policies are outlined in our Investment Advisory Contract. |
How do you charge for your services?For investments I am a fee only advisor and I receive mostly commission fees for insurance products but also may be fee only for some insurance products. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something?Everything is detailed in our Investment Advisory Contract. We adhere to discretion over accounts. |
Will you be the only person working with me?Paul Fokken will be your only advisor. You may have other support people to help with administrative processes such as paperwork, applications, and meetings to be scheduled. |
What is your approach to 401 K plan rollovers?To take a look at each individual 401(k). Then decide if it is better for the client to leave it where it is at, roll it over into a another 401(k) or to roll it over into one of our investment strategies. We also make sure every rollover meets our suitability requirements. |
Disclosures |
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WiserAdvisor provides referrals to financial professionals. WiserAdvisor is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest. |
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Additional Detailed Disclosures |
Disclaimer |
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
| Mon. | 9:00 AM - 6:00 PM |
| Tue. | 9:00 AM - 6:00 PM |
| Wed. | 9:00 AM - 6:00 PM |
| Thu. | 9:00 AM - 6:00 PM |
| Fri. | 9:00 AM - 6:00 PM |
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