Successful Wealth Strategies for Families and Businesses
An advertising executive wants to turn his agency over to his employees. Minnesota-based Greater Midwest Financial Group (GMFG) helps create an employee stock ownership plan (ESOP), while managing the man’s retirement and estate planning.
A woman is concerned that her soon-to-be-ex-husband is hiding assets. Working with an attorney and a forensic accountant, GMFG ensures she has sufficient funds to maintain a desirable living standard.
A man wants to invest in a small company. GMFG conducts a business valuation to help him avoid paying
Whether it’s specific to running a business or planning for retirement or college, Greater Midwest Financial Group helps high-net-worth individuals and families find opportunities and avoid potential pitfalls. From retirement planning to wealth management, GMFG’s advisors take a team approach to help clients pursue their greatest economic potential.
“Our depth of knowledge, resources and experiences is what sets us apart,” says Founder and CEO Donald J. Phillips, CFP®. “Through the past three decades, we have seen many changes in regulations and tax laws. We stay on top of the changes to help people sort through the uncertainties.”
Knowledge Is Power
A former U.S. Army critical care nurse, Phillips is used to dealing with crisis situations. He now utilizes some of the skills he developed to help clients stay focused.
“Greed and fear are two of the most powerful emotions, and they tend to create distortions in the way people think,” Phillips says. “If we can keep clients from getting too greedy, we can prevent them from becoming too fearful, which leads to bad decisions. We help people identify realistic goals and keep them on track.”
Donald J. Phillips’ team includes Vice President Robert J. Phillips and longtime President and Senior Planner James W. Ronn, CFP®. Ronn is the key advisor to many top clients, while Robert J. Phillips, an economics major from Carleton College, leads the investment research team, among many other critical duties.
GMFG holds several special events for clients and associates each year on timely and important topics, featuring leading financial experts. In June of 2014, the company will host a guest speaker from BlackRock®, the world’s largest asset management firm, for a presentation on Social Security maximization.
In 2011 and 2012, Greater Midwest Financial Group was honored to receive the Premier Wealth Advisor award from the National Association of Board Certified Advisory Practices.* GMFG received the Five Star Wealth Manager Award** from 2009-2011 and 2013-2014, and Donald J. Phillips was named to Barron’s Winner’s Circle in 2007.*** For Donald J. Phillips, the most satisfying accomplishment is helping clients so they can harness the power of their money and are able to live comfortably for the rest of their lives.
“If you look carefully at why you do the things you do, and stay focused on your goals, life can be much more rewarding,” he says.
3222 Rice Street | St. Paul, MN 55126 | 651.490.9790 | 888.411.9611
Securities offered through LPL Financial, Member FINRA/SIPC.
*Award based on an evaluation of 20 different practice categories such as experience, credentials, assets under management, fee structure and philosophy, among other factors.
**The 2013-2014 Five Star awards are based on 10 objective criteria associated with providing quality services to clients such as credentials, experience and assets under management, among other factors. Wealth managers do not pay a fee to be considered or placed on the final list. The 2009-2011 awards are based on client satisfaction. Respondents evaluate criteria such as customer service, expertise, value for fee charge and overall satisfaction. The overall score is based on an average of all respondents and may not be representative of any one client’s experience.
***Rankings are based on minimum of 7 years in financial services industry, acceptable compliance records, client retention reports and customer satisfaction reports.
Putting Retirement Income Planning Into Action — in Plain English
Jerry Ask, CFP® makes retirement planning make sense. Often, people who come to him are close to retiring, have no strategy, worry they don’t have the money, and realize they must get serious about planning for a reliable income when the salary stops.
“We help them map out when they can likely retire. A lot depends on their spending habits and if they have a lot of debt,” Jerry says. “It can be very complicated, but that’s one of our strengths — clarifying complicated financial information.”
He is knowledgeable and experienced, but so are many other financial advisors. He has worked in this field for 30 years, and his independent firm, Jerry K. Ask Investment Services, is now 20 years old. Jerry has many loyal clients going back to the 1990s, even the 1980s.
Clients trust Jerry’s ability to create a working plan from the elements of their financial lives. They’re comfortable with his approach — he doesn’t expose them to unsuitable risk with their money. “On the other hand, we’re not afraid to be in the market,” he says. “Our goal for clients is to help them achieve long-term growth with lower volatility by understanding how different investment classes react to each other. We go for balance in asset allocation. I do believe in strategic asset allocation.”
His brand of “strategic” does not mean moving money from stocks to bonds or vice versa; rather, it’s about making well-reasoned allocation changes within the stock markets, among sectors, and within the bond markets. Because charges for his services are not transactional based, these allocation adjustments are included in advisory fees. As of January 22, 2014, the firm had more than $255 million in assets under management.
But his professional acumen is not all that draws clients to Jerry Ask, nor entirely what keeps them in his financial care. There’s something more.
Jerry has an unassuming air that fits with his clients. He’s a guy who rarely wears a necktie, and whose clients — many of them technical pros in their working years — are focused on delivery, not dazzle. “They like our straightforward answers. They like me explaining investment ideas, breaking it down,” he says. “It’s one of our strengths — simplifying concepts and making them easily understandable.”
The secret ingredient, it turns out, is Jerry Ask himself.
4800 North River Blvd. NE | Suite 100 | Cedar Rapids, IA 52411
319-395-9230 | 800-535-1295 | www.jkainvest.com
Securities offered through Raymond James Financial Services, Inc. — member FINRA/SIPC.
Investing involves risk and you may incur a profit or loss regardless of strategy selected, including asset allocation. Transactions may have tax consequences; consult your tax advisor. Investments mentioned may not be suitable for all investors. Information should not be considered a recommendation of the advisor’s services or abilities, indicate a favorable client experience, or guarantee any future experiences. Past performance is not indicative of future results. Individual results will vary. Advisory fees are in addition to the internal expenses charged by mutual funds and other investment company securities.
Dedication, Knowledge and Teamwork
Gordon Wollman, MS-Financial Planning, CFP®, ChFC, built his financial advisory team to be the cornerstone of clients’ financial future. He offers comprehensive planning and a high level of get-it-done leadership.
Clients at Cornerstone Financial Solutions can expect a professional approach to financial planning and a personal relationship that is valuable and enriching. The advisors at Cornerstone Financial Solutions design personalized “roadmaps” for retirees and pre-retirees based on individual needs and life goals. The array of services includes personalized portfolio management, investments, tax reduction, retirement income distribution, insurance and estate planning for family wealth preservation. “We provide leadership, guiding clients with what they need to do to reach their goals,” Wollman says. …Read More
The Capital Advisory Group, a Forbes Top 50 RIA Firm, Tackles Investors’ Most Pressing Issues
“Investors are having trouble knowing what to do in the current economic environment. Our goal is to provide the guidance needed to make sense of it all.”
So says Investment Advisor Brett Machtig, AIF®, CWS®, RMA®, founding partner of The Capital Advisory Group Advisory Services, LLC (CAG)—recognized by Forbes as one of 2013’s Top 50 Wealth Managers in the U.S.* Machtig is dedicated to helping high-net-worth investors navigate their top five greatest concerns. …Read More
Purpose-Driven Retirement Planning
Good retirement portfolios grow. Great ones grow strategically.
Gar Blake McCray, a financial advisor specializing in the senior market, is challenging traditional thought in retirement planning. He’s unscrambling the nest egg.
Most advisors traditionally use a client’s time horizon and other factors to create a portfolio that guides all investment recommendations into one asset allocation model. McCray contends clients should be dividing monies into separate categories to accomplish different purposes. …Read More
Financial Advice, One Business Family to Another
Financial advisor Regan Rohl’s clients inspire him. “We work primarily with entrepreneurs – risk takers who are energizing our economy,” he says. “It’s our job to help make sure they’re not taking unnecessary risks with their personal assets
and business plans.”
Rohl, who began his financial planning career 25 years ago, founded
Dakota Group Wealth Management and feels a special kinship with entrepreneurs. Growing up on a farm, he now operates his own farm and raises Arabian horses, giving him firsthand experience within the agricultural sector. In addition to Dakota Group, an investment practice with hundreds of millions of dollars in assets under management who clears through Wells Fargo Advisors Financial Network, Rohl and his family own several small businesses in the Upper Midwest. …Read More
Local Advisor Helps Clients Invest Soundly, Plan Wisely
For pre-retirees and retirees in West Central Michigan who could use professional financial advice from a seasoned industry veteran, they need look no further than their own backyard.
Lynn Reed Jr., president of Reed Financial Services, Inc. and a proud native of this part of the state, has been immersed in the twin realms of investments and financial planning for the past three decades. He takes great pleasure in helping his neighbors bring order to their financial lives, recommending comprehensive, …Read More
A Customized Approach to
A retiring auto worker, in poor health, is offered a choice: keep his pension or accept a $700,000 buyout. Greg Hinkson, CFP®, advises the client to take the lump sum. With proper planning, it can provide the client and his wife a comfortable income and leave an inheritance for their children and grandchildren.
Another couple faces a similar choice. The $500,000 lump sum they are offered is tempting, but Hinkson advises them to keep their $50,000 annual pension because the lump sum is unlikely to generate the same level of income. …Read More
TIS Group Listens Closely for Asset Management Opportunities
Contrarian Approach Is Secret to Firm’s Success
Ever wonder why so many people jump on bandwagons? Why people are so quick to adopt the latest trend or fad? Because it’s easy to hear something being shouted at you. But going against that grain is what Larry Jeddeloh, managing director of TIS Group, says is the secret to his investment firm’s success. “I have more than 300 meetings a year with institutional fund managers, and I get a good feel for market positions,” he says. “I hear a lot about what’s hot, what’s selling. But what I listen for the hardest is what I don’t hear. What people aren’t talking about. That’s where the best opportunities often lie.” …Read More
Wealth Management With a Social Conscience
CapTrust Is Solemnly Committed to Client Relationships—
and to ‘Giving Back’
Can a well-known independent consulting practice—managed by 13 dedicated investment professionals and guided by a mission to serve its clients as “trusted advocates in the financial marketplace”—also transform lives in its community and overseas?
Yes, if it’s CapTrust, the Holland, Michigan-based practice founded in 1997 by Financial Advisor Bruce H. Johnson, CIMA, who began his career in the investment industry in 1982. …Read More