wiseradvisor

Scott Pollack
Pollack Financial Group, llc

Tel: (973) 783-2555
546 Valley Road Suite 105
Upper Montclair, NJ 07043

Wealth Strategies for Working People

Pollack Financial Group, llc | Financial Advisor in Upper Montclair ,NJ

About Pollack Financial Group, llc

Pollack Financial Group, LLC is a financial consulting and investment management firm that serves individuals, corporations, foundations and non-profit organizations. Founder and Managing Partner Scott Pollack is a registered principal and branch office manager of LPL Financial, ranked the #1 independent broker/dealer in the nation* for the 21st consecutive year. Mr. Pollack has worked in financial services specializing in higher education since 1989. He opened his firm in 2005.


General Information

Firm Start Year:   2005
No.of Employees:   2-4
Insurance License#:   NJ 8914914
Name of Broker/Dealer:   LPL Financial
Name of Custodial Firm:   LPL Financial
Number of Years with Current Firm:   14
Work Experience:   30 Years
I work with the following types of clients:   Non-Profit Organizations, Investment Clubs, Individual Investors, Businesses


Services

Investment Types:   Alternative Investments, Stocks, Mutual Funds, Bonds, Options & Futures, Exchange Traded Funds (ETFs), Annuities, Insurance, Socially Responsible Investments (SRI)
I can meet clients in the following ways:   Via phone, At your office, Video Conference, At my office, Via email, At your home


Qualifications & Memberships

Insurance and Annuity Licenses:   Long Term Care, Disability, Variable Life, Variable Annuity, Annuity, Life, Health
Financial Organization Memberships:   Financial Planning Association (FPA), Paladin Registry


Firm Information

Firm's Number of Clients:   150
Firm's Number of Planning Clients:   100
Firm's Number of Managed Clients:   80
Assets Managed by Firm:   18000000
Advisor's Number of Clients:   150
Advisor's Number of Managed Clients:   125
Advisor's Number of Planning Clients:   100
Assets Managed by Advisor:   6500000


Compliance

Registered Representative:   Yes
Investment Advisor Representative:   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 and Fees

Fee Structure:   Fee-Based (Fee and Commissions)
Compensation Methods:   Flat Fee, Based on Assets, Hourly
Fee % Based on Assets:   0.75-1.0
Hourly Rate:   $150.00


Board Positions

Organization:  Montclair Public Library Foundation  Montclair, New Jersey
Position :  Trustee
Duration :  September 2013-Currently holding


Education

BA - Psychology  Connecticut College - New London, Connecticut
1976- 1980



Faqs

  • Do you have a customer satisfaction or refund policy? Yes
  • What are your qualifications? What is your education background? Security registrations include Series 6, Series 7, Series 24, and Series 63, via FINRA. Graduated from Connecticut College in 1980 with a Bachelor of Arts Degree. Earned Accredited Asset Management Specialist (AAMS) from the College of Financial Planning. Earned Chartered Advisor in Philanthropy (CAP®) from The American College.
  • What is your approach to financial planning? When a someone joins as a client, we take the S.O.A.P. approach. SOAP stands for Simplify, Organize, Aggregate and Plan.
  • What services do you offer? Our key business divisions enable us to provide access to a range of options to pursue the needs of our clients. Our services include asset protection strategies, insurance planning, charitable giving, education planning, elder care planning, estate planning, financial planning, investment planning, and retirement planning.
  • How many clients do you currently manage? 150
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Disclaimer

Copyright 2014  LPL Financial. All Rights Reserved. Security Offered Through LPL Financial, Member FINRA/SIPC

Scott Pollack

Scott Pollack

Chartered Advisor in Philanthropy, AAMS®

It was the late 1980's, and I was on call at a financial firm, working at TIAA-CREF. A mature, well-to- do couple walked in. They were educated people-- the husband, a professor at NYU; the wife, a professor at CUNY. The man poured the contents of a shopping bag onto my desk. A plethora of unopened mail lie before me: bank statements, savings account, insurance policies, etc. I looked up at the couple quizzically? The woman replied, What can we do about retirement? This is where we come in. We help our clients to simplify their lives, by getting their finances in order and aggregating everything, then we can begin the planning process

To learn more about our firm, feel free to call us at (973) 783-2555.

Sincerely,

Scott Pollack

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My Services

Financial Advice & Consulting

We work in partnership with you. Our process is dynamic, collaborative and continuous. We work together every step of the way. Here is what you can expect: Step One: Discovery We assess your total financial picture: Your objectives Your personal balance sheet Your current assets allocation Your tolerance for risk The time horizon associated with each of your goals Self-assessment questionnaire How are you compensated? Step Two: Planning: We strategize to create a comprehensive plan: Reviewing fundamental investment principles against your goals Identifying opportunities Selecting appropriate asset classes and diversification strategies Choosing risk management strategies to help manage concentrated stock positions Defining performance benchmarks Step Three: Strategies: We make it happen, and we make easy for you: Selecting investment products and managers Considering personal and charitable trusts Exploring lending strategies to improve cash flow Step Four: Monitoring: Your goals, your personal situation and market conditions change over time. Managing change is an integral part of what we do. We review and rebalance your portfolio on an ongoing basis: Monitoring your portfolio performance Evaluating progress Reviewing objectives Adjusting strategies as needed


Financial Planning for Individuals

The more you are able to understand and manage your wealth, the more likely you are to achieve your goals and dreams. But managing your financial future is a complex process that involves careful consideration of your short- and long-term goals. The Hourly Consulting Program through LPL Financial provides a great method to ensure that your chosen path becomes the focus of your financial strategy. Hourly consulting services include specific financial problem solving and consulting in areas that are somewhat different than the services offered through traditional, comprehensive financial planning. As evidenced by our wide ranging services, there are many potential situations in which we can provide valuable, targeted strategies. The costs for hourly consulting are based upon an hourly rate, which is fully disclosed in a written engagement agreement.


Retirement Planning

Where will your retirement money come from? If you're like most people, qualified-retirement plans, Social Security, and personal savings and investments are expected to play a role. Once you have estimated the amount of money you may need for retirement, a sound approach involves taking a close look at your potential retirement-income sources.


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
wiseradvisor-balck-li-img Sat. 9:00 AM - 1:00 PM

Communities Served

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Compensation Arrangements

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