Welcome to Financial Consulting Services! For over 35 years, we've been in the business of putting people's minds at ease when it comes to their money.
While we offer a multitude of financial services, we prefer not to think that we work to enhance the bottom line of a portfolio. Rather, we work to enhance people's lives and help them pursue their dreams. That's why, at Financial Consulting Services, we make it our priority to get to know you as a person. Not only do we want to provide you with the most complete course of action possible, but we also enjoy working for people we like.
Whether you are working toward financial security, providing a steady stream of income, or planning for retirement, we can help simplify your finances. Financial Consulting Services can provide access to a wide range of quality investments and services to pursue your financial goals.
|Firm Start Year:||1976|
|Name of Broker/Dealer:||Commonwealth Financial Network|
|Name of Custodial Firm:||National Financial Services|
|States Licensed in:||AR,AZ,CA,CO,FL,GA,ID,IL,MI,MN,MS,NY,NC,OR,UT,VA,WA,WI|
|Number of Years with Current Firm:||7|
|I work with the following types of clients:||Businesses, Investment Clubs, Individual Investors|
|Advisory Services Provided:||Financial Planning for Businesses, Portfolio Management, Tax Advice and Services, Retirement Planning, Risk Management, Estate Planning & Trusts|
|Investment Types:||Bonds, Stocks, Annuities, Insurance, Mutual Funds, Alternative Investments, Exchange Traded Funds (ETFs), Options & Futures|
Qualifications & Memberships
|Insurance and Annuity Licenses:||Life|
Compensation and Fees
|Minimum Portfolio Size for New Managed Accounts:||$50,000|
Russ started his career in the financial services industry in 1997; he joined Financial Consulting Services in 2012. Russ focuses his business on income distribution strategies for retirees, retirement solutions for individuals that have publically traded stock in their company retirement plans and high net worth individuals who are looking to simplify their investment process.
Russ earned a Bachelors of Business Administration degree at St. Norbert College before completing his Masters of Science degree in financial markets from Illinois Institute of Technology. In 2011 Russ completed the demanding educational program and background check and earned the designation of CPWA®. He has his Series 7, 9, 10 and 66 FINRA registrations along with his Life Insurance license in Wisconsin.
Financial Planning for Businesses
Business planning focuses on issues specific to business owners and shareholders. For most business owners, the business is their most significant asset, and the financial success of that business has an immediate impact on the economic security of the family. Without proper planning, you may have difficulty tapping the value of your business to support your retirement, or your family may lose the value of your business at your death. Our process coordinates the management of your business throughout its life cycle with: *Risk management *Distributions to the owners *Succession planning
Asset allocation is used to distribute your investable assets among a variety of investment categories. This process aims to: *Reduce overall investment risk *Create more reliable investment forecasts *Improve the risk/return tradeoff of your portfolio Accumulation planning also involves the choice of securities for your investment portfolio. Basic securities are stocks, bonds, and mutual funds. Separately managed accounts, indices, option strategies, short-term assets, and annuities are also used to optimize your portfolio. Alternative investments may also be an option for the right investor. One of the premier benefits of alternative investments is diversification, resulting from the inclusion of investments that react differently to the markets than more traditional investments. Managed futures, hedge funds, oil and gas, tax shelters, and real estate are all examples of alternative investments. These products generally involve substantial risk and limited liquidity. Most investors understand that as risk increases, the potential for return also increases. But there is a point for every individual where the level of risk is not worth the potential return. The goal of asset allocation is to provide you with the risk/return scenario that is most comfortable for you. Investors should note that diversification does not assure against market loss and that there is no guarantee that a diversified portfolio will outperform a non-diversified portfolio. Alternative investments may be illiquid in nature, redeemed at more or less than the original amount invested, subject to special risks and not suitable for all investors.
Retirement planning involves evaluating your current financial standing and creating an accumulation strategy that will help to ensure a desired retirement lifestyle. Because an individual's retirement years can span decades, retirement planning generally dominates other financial goals. A successful plan put into place during the wealth-building lifespan should address ways to maximize growth and tax-efficient distributions, as well as how to leave retirement assets to the next generation. There are several ways to save for retirement: *Qualified employer-sponsored plans *Individual retirement accounts (IRAs) *Personal savings *Executive deferral plans You may find that qualified plans, IRAs, and social security won't provide enough money to support your desired retirement lifestyle. By identifying your retirement gap, you can develop a strategy for personal savings invested outside of the traditional retirement vehicle. Business owners or executives may have access to other tax-advantaged retirement savings vehicles. Nonqualified executive compensation is a generic term used to describe a compensation arrangement that provides retirement incomeand, in some cases, death benefitsto key employees of a business. At the heart of any retirement plan is the distribution of accumulated assets. The correct distribution method will help to ensure that your retirement savings last beyond your lifetime with minimum shrinkage from taxes. From premature distribution options that allow access to retirement assets prior to age 59.5, to products intended to provide stable monthly payments for retirement, distribution planning is paramount to a successful retirement plan
|Mon.||8:30 AM - 5:00 PM|
|Tue.||8:30 AM - 5:00 PM|
|Wed.||8:30 AM - 5:00 PM|
|Thu.||8:30 AM - 5:00 PM|
|Fri.||8:30 AM - 5:00 PM|
|Little Chute||Little Suamico|