Disciplined, Proactive, Comprehensive Financial Planning
Despite an abundance of financial information available in the media, longtime investors often find themselves owning products and investments that may no longer serve them well. At the same time, important considerations have fallen through the cracks. “The key to successful retirement investing is taking a disciplined, proactive and coordinated approach that addresses your entire financial life,” say radio talk show hosts and investment advisor representatives Mike Moylan and Rob Kirvan.
With the goal of creating a single source for wide-ranging retirement and financial advisory services, Moylan and Kirvan teamed up to found Advanced Planning Advisors, Inc. four years ago. The Chicagoland firm was built on the strength of their combined 46 years of experience in both financial and business services. “The line between personal and business finances is often blurred for entrepreneurs, owners and executives. Their retirement and estate planning strategies should be evaluated in light of risk exposures, compensation packages, succession plans and other factors related to the business,” says Kirvan. …Read More
Independent Advisors Are Crafting the Future of Retirement Planning Industry
While the SEC continues to debate the issues of duty and integrity, some of the nation’s most experienced financial advisors are setting tomorrow’s standards for unbiased retirement planning services. Among them is an elite cadre of about 70 independent advisors who participate in an ongoing exchange – a virtual think tank. The advisors, who are affiliated with Legacy Investment Services, Inc., are evaluating and refining processes, rigorously testing emerging technologies and promoting practices that give investors unlimited access to quality investment products.
The brainchild of founder Marc G. Minor, RFC, Legacy Investment Services was established in the early 1990s. The processes he developed broke the traditional business models. He reasoned that sophisticated technology used in mega-firms to conduct independent research and stress-test portfolios was available to smaller firms as well. And, once he cohesively aligned with an independent broker-dealer, he would no longer be captive to the broker’s limited options nor would he be accountable to sales quotas. His “out-of-the-box” approach would give each client access to the entire universe of investment options. …Read More
Investors Search for Stability and Predictability in Retirement Planning
Today’s investors are navigating a treacherous retirement planning environment. “Market volatility has become the new normal,” says Jim Miller, CFP®, CIMA®, Senior Vice President and Wealth Advisor of The Market Street Group at Morgan Stanley in West Des Moines, Iowa. “And, as investors watch their timelines diminish, they can be tempted to panic and make decisions based on emotions. We see a lot of new clients who are asking us to help them build sustainable retirement income.”
Miller and team member Matt Marckmann, CFP®, Vice President and Financial Advisor at Morgan Stanley, are no strangers to booms and expansions, recessions and contractions. They have helped clients navigate through crises such as the dot-com bubble as well as the 2008 financial downturn. …Read More
Showing Clients the Value of a Worry-Free Retirement
In her former professional life, Karuna D. Moyers was a nurse. She cared deeply for her patients—so deeply, in fact, that the strength of her attachments began to take an emotional toll. So she left nursing and ventured into the insurance industry, where she hoped to serve others in an equally impactful way.
Success came naturally to Moyers, who was a partner at a small insurer before joining industry giant New York Life. Afterward, she made her biggest move yet—to the helm of her own financial services firm. Just as she had done in hospital settings, Moyers quickly distinguished herself as a caring, dynamic, straight-talking professional whose first and only concern is her clients’ long-term well-being. …Read More
Your Financial Advisor Should Work for You
If you don’t know how much you’re paying for financial services, you’re probably paying too much.
“Unfortunately, finding out how much money you leave on the table is extremely difficult. Fees are often hidden, and brokers can be compensated with generous gifts, trips and other benefits you won’t find detailed anywhere on your statements,” explains Jim Cantrell, CFP®, founder and owner of Financial Strategies, Inc. in Brookfield, Wis., an area where an estimated 77 percent of SEC-registered Investment Adviser Representatives are brokers. “Brokers are employed by brokerage firms, not the investor.”
Cantrell is among a dedicated class of advisors whose compensation comes entirely from fees, not commissions or soft dollars. The 24-year veteran of the financial services industry is active in leadership with the National Association of Personal Financial Advisors (NAPFA), the largest organization of fee-only financial professionals in the world. …Read More
Serious Investors Seek Stable Retirement Income
The specter of the economic crash of 2008 looms in the minds of investors approaching retirement. The real trick in retirement planning is navigating the transition from the accumulation phase to the preservation and distribution phases.
“A perfect storm is brewing. Higher taxes, higher interest rates and rising inflation appear inevitable and threaten the value of savings, CDs, managed accounts and annuities,” says advisor and financial investment practitioner Navi J. Dowty, CFA. “The question is not whether your retirement portfolio will experience another major crisis, or even when, but what to do about it.” …Read More
Hidden Costs Can Hurt Your Portfolio
When it comes to investing, what you don’t know can hurt you—and your family’s future.
That’s what Eric Peterson, President of Peterson Financial Group, strives to change by helping clients learn about the fees and risks that can adversely affect their assets.
“I consistently see people with large portfolios who still pay retail prices on a lot of their investments. They lose a lot of money unnecessarily to income taxes and investment fees,” Peterson says. “We help to save that money for their and their family’s use.” …Read More
Helping Retirement Dreams for 37 Years
How do you measure success? How does a financial services firm really know how it stacks up against its peers?
Aside from the usual indicators – word-of-mouth referrals, longevity of client relationships, assets under management and the like – for the principals of Klaas Financial, Inc., there is nothing so telling as the number of phone calls the firm doesn’t receive during volatile markets.
“The fact that our phones don’t ring off the hook when the market takes a dive tells us our clients feel their retirement money is in good hands,” says Craig M. Klaas, president and CEO. …Read More
Fresh Thinking in Retirement Planning for Institutions and Families
The move by Bruce Lanser and partner Bernadette Lanser to UBS in August 2013 caught the attention of major financial news outlets, as banks and firms competed fiercely to attract the best talent. The husband-and-wife team’s migration to UBS was a part of what reporters described as the battle of the titans.
A fixture in Milwaukee’s institutional investing community since 1983, Bruce began focusing on the retirement plan business early in his career. Today he is recognized as a thought leader in the area of retirement plans for mid- and large-size businesses, overseeing $600 million in client assets. He and Bernadette, who dedicates her time to meeting the needs
of private clients, decided to become part of UBS so clients could benefit from world-class resources offered by the global financial services company. …Read More
Nationally Recognized Portfolio Managers Help Investors Make Most of Liquidity Events
The aftermath of a liquidity event, like the sale of a major asset, a turnover of an IRA, or receipt of an inheritance or settlement, can be a surprisingly challenging time. “Individuals who have already made their nest egg don’t want to have to remake it in the future. Protecting assets is their top priority,” says Mark R. Zellmer, chairman of Northern Oak Wealth Management (NOWM).
Zellmer and NOWM President David P. Becker, CFA make asset protection an important priority. Their approach emphasizes the creation of a diversified asset base that generates a reliable income stream. “Focusing on beating the indices can cause investors to make rash purchases and chase trends,” says Becker, a Five Star Wealth Manager. “Predictable income streams, on the other hand, minimize emotion-based purchases. Investors should focus on their investment goals when it comes to portfolio strategy rather than pursue manmade benchmarks that don’t take risk into account.” …Read More