wiseradvisor


TrueWealth Stewardship

Tel: 319-373-4124
888 10th Street
Suite 101
Marion, IA 52302
TrueWealth Stewardship | Financial Advisor in Marion ,IA

Customized financial strategies aligned w/ your unique needs


About Craig Adamson

Craig and his wife, Ann, have three beautiful, healthy children under the age of 18. Both Craig & Ann are native Iowans.

Their kids are involved in softball, soccer, cross country, and track. The family enjoys playing board games together: Rummikub, Sorry, Life, UNO, Clue and Monopoly of course!

Besides a busy family life, Craig has been very active in the local community. He served 8 years as a Marion City Council Member and 2 years on the Marion Planning and Zoning Commission. Currently, he is a Chamber of Commerce member, chair of the Marion Public Services Board, and is on several state and local boards for the financial services profession. Additionally, he travels to Washington DC and Des Moines to meet with legislators on tax policy and regulations affecting clients.

Craig enjoys reading biographies, history, and business books. He is an avid Iowa State Cyclone fan -holding season tickets for multiple sports and watching them play on TV.


About TrueWealth Stewardship

We help you gain power over your money through a multi-stage financial planning process. The goal is to get to know you very, very well to create a customized plan that fits what you and your family need, not what some high-budget advertising campaign is designed to sell you.

Our goal is to become your trusted partner to help you understand what you have, as well as what you may need to move you closer to your financial goals. Our independent structure allows us to work with your current advisor team, or to introduce you to other professionals who may be able to help you -such as legal or tax advisors.

We want to work with people who value professional advice and want an independent, professional advisor to help them make informed decisions about their money. If that describes you, we'd like to meet you to see if we can partner with you.

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General Information

Firm Start Year:   2000
No. of Employees:   2-4
Insurance License#:   6864412
Name of Broker/Dealer:   LPL Financial
Name of Custodial Firm:   LPL Financial
States Licensed in:   IA, AZ, CO, FL, GA, IL, KS, KY, MN, MO, NE, NY, TX, VA, WI, WY
Number of Years with Current Firm:   22
Work Experience:   Business Owner - 22 years (present)

Advisor - Wells Fargo Investments - 4 years
Work with the following types of clients:   Non-Profit Organizations, Individual Investors, Businesses
Advisory Services Provided:   Financial Advice & Consulting, Estate Planning & Trusts, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Tax Advice and Services

Services

Investment Types:   Mutual Funds, Stocks, Annuities, Insurance, Exchange Traded Funds (ETFs), Alternative Investments, IRAs, Bonds, Socially Responsible Investments (SRI)
Can meet clients in the following ways:   Your Home, Our Office, Phone, Email, Your Office, Video Conference

Qualifications & Memberships

Insurance and Annuity Licenses:   Variable Life, Long Term Care, Variable Annuity, Life, Health, Annuity, Disability
Financial Organization Memberships:   National Association of Insurance and Financial Advisors (NAIFA), Society of Financial Services Professionals
Non-Financial Organization Memberships:   Chair - Marion Public Services Board Board Member - Marion Senior Living Community Board Member - Cedar Rapids National Association of Insurance and Financial Advisors Board Member - Cedar Rapids Society of Financial Service Professionals Board Member - Retirement Income Industry Association Education Board & Peer Reviewer for Retirement Income Journal Member - CEO Roundtable Member - Marion/Cedar Rapids Chamber of Commerce Local President - Iowa State University Alumni Assn for Linn & Johnson Counties Assistant Coach - U-10 Linn Mar baseball Assistant Coach - U-8 AYSO Girls soccer Former - Marion City Council Member Former - Board member of Cedar Rapids Financial Planning Assn.

Firm Information

Advisor's Number of Clients:   200
Advisor's Number of Managed Clients:   200
Advisor's Number of Planning Clients:   150
Assets Managed by Advisor:   $50MM

Compensation and Fees

Fee Structure:   Fee-Based
Compensation Methods:   Hourly, Flat Fee, Commissions, Based on Assets
Fee % Based on Assets:   1
Additional Details on Charges:   Fees are discussed up-front with clients.

Fee estimate is provided at time planning engagement is agreed to.

Annual fees for investment management are assessed on a sliding scale and may be increased or decreased depending on the services needed by the client. I will work with the client to define those needs to make the appropriate choices when implementing their investment strategy.
Minimum Fee Charged for Managed Accounts:   $500
Minimum Fee Charged for Hourly Planning Accounts:   $300
Minimum Fee Charged for Flat Fee Accounts:   $0.00

Board Positions

Organization :   National Association of Insurance and Financial Advisors, Statewide
Position :   State Board Member
Duration :   01/01/2018-Present
Organization :   National Association of Insurance and Financial Advisos, Cedar Rapids Metro
Position :   Local Board Member
Duration :   01/01/2016-Present
Organization :   Society of Financial Services Professionals, Cedar Rapids Metro
Position :   Local Board Member
Duration :   01/01/2016-Present
Organization :   Linn County Solid Waste Agency, Linn County
Position :   Member
Duration :   02/01/2020-Present
Organization :   Marion Public Services, Marion, IA
Position :   Chair
Duration :   05/01/2014-Present

Education

Bachelor of Science   Iowa State University  - Ames, IA
08/15/1991-05/11/1996

Financial Services

Financial Advice & Consulting

We help clients match their finances to their unique needs. For those client who want their finances to better reflect their values we invite you to explore our "Empowered Wealth" program.

Financial Planning for Individuals

Are you a busy person? Lots of our clients are -family, work, volunteering, you name it! Many of them are fully capable of managing their own money. But they have partnered with us to help keep them on track or to stay on track toward their goals.

Financial Planning for Businesses

Our business clients are busy running a company. In most cases they have employees who are counting on them for a paycheck. There isn't a lot of time or energy left most days to stay up on some of the tax implications of owning a business. We work with our clients to identify strengths and weaknesses in their personal and business planning as it directly impacts how much they pay in taxes versus how much money they keep in their pocket.

Risk Management

We help you determine what risks you are exposed to and if you have the appropriate coverage for the risk you are willing to bear. We partner with nearly 50 top companies to help our clients manage the risk and protect their families and/or businesses should the worst happen.

Portfolio Management

We are independent. So we are able to use products from nearly all companies who partner with independent advisors. We can work passively or actively depending on the needs of our clients.

Retirement Planning

For most people this is the most important part of their planning. We spend a lot of time understanding our clients' current health situation, and where they see challenges in the future.

Successfully managing "longevity" is directly related to how you manage money so you don't run out of it. Most people don't understand this relationship. We help them with that struggle by sorting out and identifying the challenges so we can create strategies to meet them head on.

401K Rollovers

We help educate people on their options before doing anything. Its why we believe so strongly in the planning process. When you know your "why" and your "what" then decisions become much clearer.

Annuities

Ken Fischer hates annuities. But he doesn't really know how they work, nor does he want to. He makes a lot of money by scaring people with outrageous statements while failing to explain how much he charges for his services.

On the other hand, we love annuities - when our clients actually need them and understand their purpose in an overall retirement income strategy. Annuities don't have to be scary, or hated, or bad. But when used incorrectly they certainly can be. So don't be afraid to ask questions. We try to help our clients make educated choices related to using annuities to create lifetime income for themselves.

Insurance Planning

Do you love buying insurance? Didn't think so. Most people would rather die than deal with it. We get that. Which is why we don't work for an insurance company directly or via an affiliation. We are able to "broker" all our insurance - life, disability, and long-term care to multiple companies. That way we can offer more than one option and a variety of pricing options.

Estate Planning & Trusts

This is an important but scary part of financial planning. We work hard to minimize the complexity and the scare tactics that some people use to explain how trusts and estates work in the real world. Not everyone should have a trust, but everyone is going to die so we all need a plan on how to handle our affairs after death.

Tax Advice and Services

We love tax planning! While none of our staff are enrolled agents or CPAs, we work closely with them (whether it is your advisor or you ask to be referred to one we know) to minimize or even eliminate future taxes.

This is an important part of our planning for clients and changes as often as Congress is in session.

Education Funding and Planning

We have numerous options to provide help for your child or grandchild. We have college planning and selection services along with strategies to maximize your ability to receive financial aid. We can also educate you on the realities and myths of 529 plans.

Investment Advice & Management

We have many strategies and have access to too many companies to mention here. The important thing is to figure out what you need and why. Then we can find a strategy that matches your needs.

Wealth Management

Wealth management encompasses many different aspects of personal finance. And for clients with high net worth (over $3 million) there are many intricacies... especially tax planning and legacy planning that become increasingly important to managing wealth for current and future generations.

Money Management

While we do help clients with their budget, for people who struggle with debt and bill paying we have partnered with a local company who is better equipped to handle those special situation.

Wealth Management

When you have been successful, it seems like their are more complications than when you didn't have any money. Wealth management encompasses more than investing - it includes tax planning and risk management, as well as estate planning. And then there is the everyday cashflow issues of running a household. We help clients think through what they value most and build a plan that fits their personal situation.


FAQs

Do you have a customer satisfaction or refund policy?

No. All our planning and analysis work is done on a fee-only basis. A client or potential client cannot buy anything other than my time and expertise. This reduces, if not eliminates, the potential for conflict of interest in assessing a clients financial situation.

Why should I choose you as my financial advisor?

I have been advising clients since 1996. I hold four specialized retirement credentials and actively pursue over 70 hours of continuing education each year on a variety of financial planning topics including: Retirement Accumulation Planning; Retirement Income Distribution Planning; Estate Planning; Income Tax Planning; and College Planning.

What are your qualifications? What is your education background?

While the numbers are important, YOU -the client- are most important. A personalized financial plan is useless until it is implemented. If we don't understand you, and you don't understanding the ?what? and the ?why? you won't take action. The majority of our clients want us to create the plan and help them implement the steps.

How are you compensated? How will I pay for your services?

I am fully licensed so I can be paid via flat or hourly fees, asset management fees, and/or commissions. While my commissions are mainly limited to insurance products, there are cases where investments may be purchased less expensively through commission. Fees are disclosed. Your additional questions on fees, services, etc. are welcomed.

If you are going to manage my account, will you obtain my permission every time you buy or sell something?

This is your choice. Nearly all of our clients are busy as retirees or busy as working people. They have hired us specifically to take care of the details and send regular statements regarding rebalancing, trades, etc. We do not need discretion for you to become a client. We will discuss this and other expectations prior to opening an account to make sure it is appropriate for your situation.

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Disclosures

WiserAdvisor provides referrals to financial professionals of LPL Financial, LLC (LPL). WiserAdvisor is not a current client of LPL for brokerage or advisory services. Financial professionals of LPL pay WiserAdvisor cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest.


LPL ADV 2A

https://www.lpl.com/content/dam/lpl-www/documents/disclosures/A58.pdf

Additional Detailed Disclosures

https://www.lpl.com/content/dam/lpl-www/documents/disclosures/wiseradvisor/wiseradvisor-lpl-detailed-disclosures.pdf


Disclaimer

Securities and advisory services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC. Financial Planning offered through TrueWealth Stewardship, a Registered Investment Advisor and a separate entity from LPL Financial.

Compliance

Registered Representative:

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

Mon. 9:00 AM - 5:00 PM
Tue. 9:00 AM - 5:00 PM
Wed. 9:00 AM - 5:00 PM
Thu. 9:00 AM - 5:00 PM
Fri. 9:00 AM - 5:00 PM
Sat. 9:00 AM - 5:00 PM

Communities Served

Alburnett Amana
Anamosa Atkins
Cedar Rapids Center Point
Central City Coggon
Coralville Ely
Fairfax Hiawatha
Hopkinton Lisbon
Martelle Mechanicsville
Middle Amana Monticello
Morley Mount Vernon
Newhall North Liberty
Norway Olin
Palo Quasqueton
Rowley Ryan
Shellsburg Solon
Springville Stanwood
Swisher Tiffin
Urbana Vinton
Walford Walker
Any

Compensation Arrangements

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