Erich is a CERTIFIED FINANCIAL PLANNER™ who has been in the financial service industry for over a decade. He received his Bachelors of Science from The Catholic University of America and his Master degree in Finance from The Sellinger School of Business at Loyola University Maryland. Prior to joining Plotkin, Erich was both a client manager and the associate portfolio manager at Geier Asset Management, Inc. in Marriottsville, MD. At Geier, Erich worked with professional athletes, business owners, retirees, and families to implement their financial goals. In conjunction with these responsibilities he gained tremendous experience analyzing, identifying and executing strategies in client investment portfolio's that aligned with their unique income and growth objectives.
The diverse clientele that Erich has served over the years has allowed him to recognize that there is not a standardized approach when it comes to crafting the right financial plan or investment allocation for clients and their families. This is why Erich believes in holistic financial planning in order to develop a plan and investment strategy that meets the client's needs. Truly passionate about this approach, Erich also conducts retirement income planning seminars on how to accumulate and align assets with one's retirement goals.
Erich is a sports enthusiast having played team sports all his life and enjoys staying active by acquiring new hobbies. He and his wife, Kelly, have two young children.
As a Certified Financial Planner (TM) at Plotkin Financial Advisors, LLC I am in the business of
making a difference in the lives of clients and their families. I am guided by the core values of
honesty, integrity, independence, innovation, objectivity and as a fiduciary of clients'
interests. As an independent firm, we are free to craft financial plans and make recommendations
that fit our clients best. The services and investments we recommend are based on what is in the
best interest for our clients and their families.
My firm's comprehensive wealth management service is a refined process that helps to define and clarify the financial landscape for the clients we serve. Together, we help you and your family work towards your financial goals.
What - Provide clients with sound advice regarding every aspect of their financial lives.
How - I utilize our proprietary Legacy Program method to design a customized wealth management plan.
Why - I believe comprehensive financial planning is the foundation of achieving your desired lifestyle.
|Firm Start Year:||2003|
|Name of Broker/Dealer:||Independent Financial Group, LLC|
|Name of Custodial Firm:||Charles Schwab|
|States Licensed in:||DC, MD, VA|
|Number of Years with Current Firm:||3|
|Work with the following types of clients:||Individual Investors, Non-Profit Organizations, Businesses|
|Advisory Services Provided:||Money Management, Tax Advice and Services, Retirement Planning, Portfolio Management, Estate Planning & Trusts, Insurance Planning, Financial Planning for Individuals|
|Investment Types:||Alternative Investments, Options & Futures, Bonds, Stocks, Commodities, Exchange Traded Funds (ETFs), Socially Responsible Investments (SRI)|
|Can meet clients in the following ways:||Via Phone, Your Office, Our Office, Your Home|
Qualifications & Memberships
|Insurance and Annuity Licenses:||Annuity, Life, Variable Annuity, Variable Life|
Compensation and Fees
|Compensation Methods:||Commissions, Based on Assets|
|Masters of Science in Finance||University of Loyola, Maryland
- Baltimore, MD
|Bachelor of Science||The Catholic University of America
- Washington, DC
Financial Planning for Individuals
Personalized, unique and thoughtful financial planning. Plotkin Financial Advisors, LLC, implements a customized approach to financial planning that focuses on helping you clarify your goals, plan for the future, and build a legacy. Our Certified Financial Planners(TM) become your personal resource and understand that no one individual or family is the same. This is why we take the time to get to know you, determine how we can help, and identify with your concerns as well as your goals. It is through this discovery that we offer comprehensive solutions that alleviate these concerns and move you towards your goals.
How well you invest will dictate the resources you have available to meet your objectives and goals. This is why it is imperative that our advisors know your goals as we craft your plan because these will influence how we invest your portfolio. It is through our investment analysis process that we will determine if your existing portfolio is inefficient or suitable for you. In analyzing your investments, we review all of your accounts to summarize your allocation between equities (stocks), fixed-income (bonds) and cash. These include your personal and work retirement accounts, taxable investment accounts and cash reserves in savings and CDs. Next, we review your specific investments to verify the quality of the investments as well as how much risk is associated with the underlying investments. Ultimately, our investment decisions and recommendations will help build you a portfolio that: Generates enough income you can live off of in retirement Offers growth potential so that it appreciates Reduces security risks through diversification Allows you to sleep at night Our investment planning process makes it possible to choose the most suitable investments for you. Unlike many of our competitors, we do not offer a cookie-cutter investment proposal with our financial plans, but rather a customized portfolio that is designed to meet your specific goals and objectives.
Plotkin Financial Advisors, LLC (PFA) offers comprehensive retirement income planning to help alleviate the uncertainty of managing your investments in retirement. If you are planning your retirement or are currently retired, our retirement planning solutions help project your income needs and determine an effective withdrawal strategy that is not only sustainable but is also feasible.
As much as financial planning is goal-oriented to help you pursue your passions, it also proactive in helping manage your risks. Our advisors understand that in investing and in life, it is always important to protect your downside and reduce risk. You can manage this through insurance planning. Careful insurance planning may help replace income, reduce debt, protect your assets, and mitigate the impact of taxes on your estate. As part of the financial planning process our advisors will objectively address your insurance needs in the following areas: Life Insurance Long-term care Business insurance Disability It is never pleasant thinking about "what-if" scenarios, but insurance planning is necessary so that you and your family are protected from the unexpected.
Estate Planning & Trusts
Not addressing your estate can be a costly endeavor, and neglecting to do so could cause significant frustration and heartache to your loved ones. This oversight usually goes against one's plans for taking care of loved ones, and it is why discussing and implementing an estate plan should accompany a financial plan. Implementing an estate plan will help reinforce your legacy and ensure your assets pass to loved ones. Furthermore, outside of Will's, we review how your investment accounts are titled and verify if the beneficiary designations are current. For example, you may have an old 401k from before you were married, so it doesn't list your spouse as a beneficiary. Proper estate planning will ensure oversights like these are reviewed and remedied. As part of our Signature Services, Plotkin Financial Advisors, LLC offers estate planning services to eligible clients. If you are interested in learning more about this program, please feel free to contact me.
Tax Advice and Services
Income taxes impact everything about you financially, and it is for this reason that it is necessary to mitigate the impact that taxes have on your income, investment returns, and gifts to loved ones. Income tax planning is interwoven in our financial planning process through a review and discussion of your current situation. We ask that each client include their prior two years of income tax returns so that these may be incorporated in their financial review.
Investment Advice & Management
Investments customized for you. We shape our investment offerings so that they are tailored to meet your goals and ambitions. It is for this reason that we allocate your portfolio based on some of the following questions: What are your short and long-term goals? Do the underlying investments offer the correct risk- reward balance? Are the investments tax efficient? We analyze your responses to these questions in order to customize your portfolio to capitalize on opportunities in the economy as well as meet your capital needs when they arise. Most goal-oriented investing revolves around preserving principal, generating income, and growing your assets. Your risk tolerance and stage in life will dictate what investment allocation makes the most sense for you. Our investment committee and financial advisors have identified investment vehicles, managers, and programs that can help each investor best meet their goals. Some of the options that comprise our investment portfolio include: Exchange Traded Funds (ETFs), Index Funds & Mutual Funds, Unit Investment Trusts (UITs, Private Placement Programs in Real Estate as well as Oil& Gas Partnerships Real Estate Investment Trusts (REITs) Private Equity & Hedge Funds Annuities Each of the mentioned offerings and strategies has unique characteristics that can help diversify your portfolio. Our Investment Committee diligently identifies top performers, through independent research and institutional resources, and implements these strategies in your portfolio.
Another integral component to achieving your dreams and enjoying your investments is to review your cash flow and your lifestyle. Our advisors analyze how much you spend versus how much you earn. This simple analysis should have a profound impact on how you assess your financial condition. Cash flow management is different for each family and individual, contingent on their stage in life. During your working years, our cash flow analysis offers answers to the following: How much should I be saving and investing? When should I start saving for my kids' education? When is it feasible to buy a vacation home? In contrast, as you enter retirement, our analysis changes to determine how much can you spend without outliving your savings. This will help answer questions such as: What is my annual travel budget to see the world? How much can I gift to my children and grandchildren? What is a reasonable amount to give to causes about which I am passionate? Regardless of your life stage, understanding your cash flow and knowing what you have available to enjoy life and plan for the future will alleviate financial worry and free you to pursue interests and live life well.
|Securities offered through Independent Financial Group, LLC, a registered broker- dealer. Member FINRA/SIPC. Advisory services through Plotkin Financial Advisors, LLC, a registered investment advisor. Plotkin Financial Advisors, LLC and IFG are not related entities. For a list of states in which we are registered to do business, please visit our website www.pfallc.com.|
Registered Investment Advisor:
Investment Advisor Representative:
Compliance Disclosures in Last 5 years:
Have a clean record
Criminal Disclosures in Last 5 years:
Have a clean record
|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|
|Andrews Air Force Base||Annandale|
|Cabin John||Capitol Heights|
|Falls Church||Fort Belvoir|
|Fort George G Meade||Fort Myer|
|Mc Lean||Montgomery Village|
|Takoma Park||Temple Hills|
|Washington Grove||West Friendship|
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