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Business Description |
We are an independent firm that has built our practice on focusing on our client's needs first. We specialize in comprehensive financial planning for individuals and small business owners.
Because every client's goals and objectives are different, we take a structured, customized approach to develop, implement and monitor each client's financial plan based on their individual goals and objectives. In order to monitor each client's situation, we take a strict approach to seeing clients on a regular basis to stay on top of changes and adjustments needed in their financial plan. Each and every time we meet, we schedule the next appointment to ensure the time is alloted for that particular client in the future. |
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General Information |
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| Insurance License#: |
790209
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| Name of Broker/Dealer: |
Woodbury Financial Services, Inc.
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| States Licensed in: |
CA, GA, ID, NC, PA, WA, WV, VA
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| Years of Experience in Financial Services: |
12
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| Number of Years with Current Firm: |
5
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| Work Experience: |
I have been in the financial industry for 12 years, with the last 5 years as an independent financial planner. Before that, I was a planner with Fulcurm Financial.
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| I work with the following types of clients: |
Businesses, Non-Profit Organizations, Individual Investors
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Education |
| Academic Background |
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| I received my BS at Fairmon State University and my Masters of Science & Business Management at NC State University |
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Services |
| Investment Types: |
Natural Resource Partnershi, Insurance, Bonds, Stocks, Annuities, Exchange Traded Funds (ETFs), Alternative Investments, Mutual Funds, Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
MSM
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| Securities Licenses: |
Series 65, Series 63, Series 7, Series 6
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| Insurance and Annuity Licenses: |
Variable Annuity, Long Term Care, Variable Life, Disability, Accident, Annuity, Health, Life
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| Financial Organization Memberships: |
Financial Planning Association (FPA)
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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| I work with clients as part of a team: |
Yes
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| Firm's Number of Clients: |
350
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| Firm's Number of Planning Clients: |
250
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| Firm's Number of Managed Clients: |
240
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| Assets Managed by Firm: |
$80,000,000
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| Advisor's Number of Clients: |
110
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| Advisor's Number of Managed Clients: |
80
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| Advisor's Number of Planning Clients: |
80
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| Assets Managed by Advisor: |
$26,000,000
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Compliance |
| Registered Representative: |
Yes
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| Investment Advisor Representative: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| I am a fee-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
$500,000
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| Compensation Methods: |
Based on Assets, Flat Fee, Commissions
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| Fee % Based on Assets: |
1%
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| Additional Details on Charges: |
Although I list a flat fee of $5,000, if a client moves assets for me to manage, we have a tiered schedule based on the amount of assets moved over. If a client chooses to do only a financial plan, there is a flat fee of $5,000
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| Prepared By: |
Jay Hager |
Frequently Asked Questions |
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| Q. |
What are your qualifications? What is your education background? |
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I received my Master's Degree in Business at NC Stat University. I have 12 years experience in the financial industry. I hold licenses in Life, Health and Disability Insurance. I am also licenses to sell stocks, bonds, mutual funds, variable annuities, Real Estate Investment Trusts, Timber Trusts and Natural Resource General Partnerships. |
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| Q. |
What is your approach to financial planning? |
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We take a comprehensinve, customized approach becasue every client's goals and objectives are different |
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| Q. |
What services do you offer? |
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Retirement Planning, Financial Planning, Estate Planning, Education Planning, Fee Based Asset Management and Risk Protection |
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| Q. |
How many clients do you currently manage? |
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Will you be the only person working with me? |
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| Q. |
How are you compensated? How will I pay for your services? |
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The financial plan is fee based. If insurance products are obtained through our firm, although this is not a requirement, a commission is generated |
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| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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Absolutely. There will be no trades placed in any acocunt without your knowledge and permission. |
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| Q. |
Do you offer any guaranteed results? |
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We do offer some investment vehicles that have guaranteed investment options. |
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| Q. |
How much risk should I be willing to take? |
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That depends on each individual client. Before investing we do a risk tolerance questionnaire which is reviewed periodically as needs and goals change. |
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| Q. |
Have you ever been charged with any breaches? |
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| Q. |
What carrier(s) do you represent? |
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Because we are an independent firm, we have a wide variety of insurers to choose from. |
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| Q. |
Are there any pre-existing conditions that you can not cover? |
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We use a variety of insurers. Because of this, we are able to cover some pre-existing conditions. When we know an individual situation, we can call and speak with our underwriters directly to see if insurance is an option. |
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| Q. |
How long does it take to complete the application and approval process? |
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Roughly 2-4 weeks depending on outside vendors. |
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| Q. |
What services do you provide? What are your specialties? |
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Retirement Planning, Financial Planning, Estate Planning, Education Planning, Fee Based Asset Management and Risk Protection |
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| Q. |
What is your experience? How many clients do you currently manage? |
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I received my Master's Degree in Business at NC Stat University. I have 12 years experience in the financial industry. I hold licenses in Life, Health and Disability Insurance. I am also licenses to sell stocks, bonds, mutual funds, variable annuities, Real Estate Investment Trusts, Timber Trusts and Natural Resource General Partnerships. I have been in the financial industry for 12 years. |
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| Q. |
Do you provide a free initial consultation? |
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| Q. |
Why should I choose you as my financial advisor? |
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We are an independent firm that has built our practice on focusing on our client's needs first. We take a strict approach to see clients on a regular basis to ensure that changes and adjustments are made as needed. Our client's concerns are never put after administrative work. They are handled immediately to ensure the client is satisfied with the outcome. |
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| Q. |
What are your management fees? |
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This varies depending on the size opf the plan |
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Do you have a minimum requirement for number of employees or total investment value? |
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No minimum number of employees, but we do require a minimum of $1,000,000 in assets |
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What type of plans do you offer? |
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401(k), Profit Sharing, Safe Harbor Plans, Defined Benefit Plans, SEP IRAs, Simple IRAs and 403(b)s |
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Do you offer any additional services? |
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NonQualified Deferred comp, Executive Bonus Plans, Executive Carve OUt Plans, Group Disability, Group Life, Group Health, all Commercial Liability and Buy/Sell Agreements |
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| Q. |
What is your approach to 401 K plan rollovers? |
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We take a customized approach to each individual client to ensure the rollover is the right thing compared to managing assets within their existing 401(k) |
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| Q. |
How long does the process of rolling over a 401K plan usually take? |
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What financial institutions do you represent? |
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Diversified Mutual Funds, First Mercantile, GenWorth, Great West Life, Guardian, Hartford, ING, Lincoln financial, MetLife, Minnesota Life, Nationwide Financial, New England Financial, Principal and Prudential |
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| Q. |
How many years of experience do you have? |
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| Q. |
What are your fees for this service? |
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| Q. |
How many 401K rollover clients do you currently manage? |
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| Q. |
Do you provide a free initial consultation? |
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