Tel: 630-544-5350 534 Buck Collins Rd (also Downers Grove, IL & San Tan Valley, AZ) Forest City, NC 28043
About Adam Chaney
Adam joined OWI in 2013 after a lengthy career within the financial industry. He traded financial securities, derivatives, and investments for hedge funds and proprietary groups for 15 years, including nearly a two-year stint in London, UK. The ethical values and investment approach of OWI were significant reasons for his lane change within the financial industry. Adam's experience and knowledge base put him in great position to help individuals and families plan their financial future, with a particular focus on retirement strategies and planning. Adam recently moved to North Carolina with his wonderful, wife Rachel and four boys. His hobbies include cooking, Roth conversions, gardening, parenting, educating, and various sports (subject to time!).
About Optimal Wealth
My Mission Statement is "Helping People Build, Preserve & Distribute Their Wealth Through Ethical & Effective Wealth Management". The primary focus of our proprietary investment management process reduces risk during declining markets to avoid significant losses in portfolio values and still participate in the majority of advances in rising markets. Our motto is advance and protect. Our active management process is designed to optimize risk-adjusted returns. A passive approach is available.
Life, Health, Annuity, Accident, Disability, Long Term Care, Variable Life, Variable Annuity
Services
Can meet clients in the following ways:
Our Office, Phone, Email, Your Office, Your Home, Video Conference
Compensation and Fees
Fee Structure:
Fee-Based
Compensation Methods:
Based on Assets, Hourly, Flat Fee, Commissions
Fee % Based on Assets:
0.5-1.5%
Hourly Rate:
$350
Additional Details on Charges:
We fully disclose all costs and fees. The industry often presents complicated words and vocabulary, confusing the client. We do our best to simplify language and communicate effectively.
Minimum Fee Charged for Managed Accounts:
$100
Minimum Fee Charged for Hourly Planning Accounts:
$480
Firm Information
Advisor's Number of Clients:
150
Advisor's Number of Managed Clients:
125
Advisor's Number of Planning Clients:
37
Total Assets Under Management by Advisor:
$125000000
Preferred meeting methods
I provide a free initial consultation:
Yes
Education
Bachelors - Finance:
Northern Illinois University - Dekalb, IL
08/20/1998 - 05/05/2000
Portfolio Management
Merit based allocation of capital to the client's risk appetite, striving for superior risk-adjusted returns.
Retirement Planning
Cash flow based planning - retirees need cash flow, not (taxable) income. The goal is to minimize taxes on annual basis. Going from accumulation of assets for 30-40+ years to the management, preservation, and spending of wealth is a difficult mental process for many. We desire for people seeking financial independence to have 100% confidence in their retirement plan no matter the financial market outcomes.
Annuities
Annuities are tricky and can be complicated. We recommend specific annuities that fit specific needs and goals, on an as needed basis. If recommended, the annuity allocation would be a complementary allocation to enhance the expected risk-adjusted return of the total balance sheet.
Estate Planning & Trusts
Our team advises clients on the pros , cons, and costs of different estate planning strategies. We participate in the initial meeting with an attorney to help with the communication at no charge.
Financial Planning for Businesses
Business succession planning is a topic worth exploring and planning well in advance.
Financial Planning for Individuals
Financial planning is included for advisory clients as part of their fee. We also offer hourly consulting services for those would do not desire investment management services. The scope and details of the project are discussed and agreed upon prior to engagement.
Financial Advice & Consulting
Financial planning is included for advisory clients as part of their fee. We also offer hourly consulting services for those would do not desire investment management services. The scope and details of the project are discussed and agreed upon prior to engagement.
401K Rollovers
401k rollovers should be evaluated prior to engaging in such. 401k account holders have options, with varying costs to such options:
1. Cash it in, pay the taxes owed and sometimes a penalty tax.
2. Nothing -- leave as is.
3. Move to a new employer plan.
4. Direct rollover to an IRA at most any financial institution.
Each option with have its own strengths and weaknesses.
Insurance Planning
Insurance is reviewed and advised on for clients. Insurance is important to hedge large potential losses. This pertains to like, property, medical, and long-term care.
Tax Advice and Services
I take a keen interest in reviewing tax returns. We don't do the preparation but do take effort to plan, taking the necessary steps to avoid and/or mitigate tax burden through account registration, Roth conversions, insurance planning, and tax-loss harvesting.
Education Funding and Planning
529 Plans, UTMAs, and other tools to help plan for children's and grandchildren's education is important.
Investment Advice & Management
Our advice will touch on all aspects of investments. The contrasts of active versus passive management is the starting point of education.
Wealth Management
Our team strives to help clients grow, preserve, and distribute their wealth effective and ethical means.
Risk Management
Risk management and tolerance is crucial --to determine this ahead of challenging times in the capital markets.
Money Management
The goal of management assets is to keep up with the loss of purchasing power over time (or ahead of). Our management of client portfolios strives for superior risk adjusted returns when compared to passive buy & hold risk and returns.
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.
WiserAdvisor is a wholly-owned brand of the Respond.com Inc. ("Respond") family.
Respond is registered with the U.S. Securities and Exchange Commission as an investment adviser,
and operates through various subsidiaries and brands that provide financial education.
WiserAdvisor matches and refers investors to qualified financial professionals that have elected to participate in our matching platform.
WiserAdvisor, Respond, and Respond's other subsidiaries and brands do not manage investor assets or otherwise render investment or
financial planning advice beyond the referral of investors to qualified financial professionals. By using this website, you agree to our terms and conditions.
