Advisor Profile |
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Name: |
John Severy Hoven |
Phone Number: |
(651) 442-0465 |
Website: |
Visit Website
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Disclosure Link:
WiserAdvisor provides referr...
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Disclaimer |
Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, member FINRA/SIPC. |
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About Oracle Financial Planners LLC |
As the founder of Oracle Financial Planners, John Severy-Hoven prides himself on assisting
clients in every aspect of their financial lives so that they can prepare for what their future
holds -- retirement, children's education, buying a new home. John helps you build and maintain
your financial vision toward the future, your future. |
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General Information |
Years of Experience in Financial Services: |
6
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States Licensed in: |
CA, CO, GA, HI, MD, MN, NC, WA, WI
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Name of Custodial Firm: |
Fidelity Institutional
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Number of Years with Current Firm: |
5
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Insurance License#: |
20327395
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Work with the following types of clients: |
Investment Clubs, Businesses, Individual Investors, Non-Profit Organizations
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Name of Broker/Dealer: |
Cambridge Investment Research
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Advisory Services Provided: |
Financial Planning for Individuals, Education Funding and Planning, Risk Management, Money Management, Wealth Management, 401K Rollovers, Retirement Planning, Portfolio Management, Financial Planning, Insurance Products & Annuities, Investment Advice & Management, Financial Advice & Consulting
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Services |
Investment Types: |
Mutual Funds, Bonds, Stocks, Annuities, Insurance, Commodities, Mortgages & Real Estate, Exchange Traded Funds (ETFs), Alternative Investments, Socially Responsible Investments (SRI)
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Can meet clients in the following ways: |
Your Office, Email, Phone, Our Office, Your Home
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Qualifications & Memberships |
Certifications, Accreditations & Designations: |
CFP®, MBA
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Securities Licenses: |
Series 7, Series 66
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Insurance and Annuity Licenses: |
Variable Life, Long Term Care, Variable Annuity, Life, Annuity
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Financial Organization Memberships: |
Financial Planning Association (FPA), Social Investment Forum (SIF)
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Compliance |
Criminal Disclosures in Last 5 years: |
Have a clean record
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Compliance Disclosures in Last 5 years: |
Have a clean record
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Investment Advisor Representative: |
Yes
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Compensation and Fees |
Minimum Portfolio Size for New Managed Accounts: |
$50,000
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Frequently Asked Questions |
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Q. |
What are your qualifications? What is your education background? |
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I have two master's degrees (an MBA with an investment finance focus and a Masters of Arts for counseling psychology). I have a CFP® designation (CERTIFIED FINANCIAL PLANNER™). In 2008 and 2009 I was named as a 5-star Wealth Manager based on Client Satisfaction according to the Minneapolis/St. Paul Magazine and Minnesota Business Monthly. |
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How are you compensated? How will I pay for your services? |
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My business is fee-based. |
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How many clients do you currently manage? |
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I have worked as a financial planner for 6 years and owned Oracle Financial Planners for 5 years. I currently work with about 100 clients (measured by the number of families I work with and the number of employer sponsored retirement plans as well). |
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Will you be the only person working with me? |
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Along with my two assistants. |
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Have you ever been charged with any breaches? |
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What is your approach to financial planning? |
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To serve as an objective third party to assist in managing the overall investment process. Following a disciplined investment process consisting of:
The preparation and maintenance of an investment policy statement.
Selecting investments and asset classes that ensures prudent diversification.
Managing expenses associated with the Portfolio. |
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What services do you offer? |
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Comprehensive Financial Planning with a focus on retirement planning. |
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Why should I choose you as my financial advisor? |
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To serve as an objective third party to assist in managing the overall investment process. Following a disciplined investment process consisting of: The preparation and maintenance of an investment policy statement. Selecting investments and asset classes that ensures prudent diversification. Managing expenses associated with the Portfolio. Monitoring and supervising investment options. |
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What services do you provide? What are your specialties? |
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I provide comprehensive financial planning services. Most of the time I manage the clients' money on their behalf but I also work with people who would like to have an annual consultation and then manage the money themselves. |
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What is your experience? How many clients do you currently manage? |
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I have worked as a financial planner for 6 years and owned Oracle Financial Planners for 5 years. I currently work with about 100 clients (measured by the number of families I work with and the number of employer sponsored retirement plans as well). |
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What financial institution(s) do you represent? |
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Do you have a minimum requirement for number of employees or total investment value? |
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No. I work with small company retirement plans so I have maximums though. I will work with companies with up to 500 employees. |
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What are your qualifications? |
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I work exclusively with small business retirement plans from one-person retirement plans to 401k/pension plans with up to 500 employees. |
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What is your approach to 401 K plan rollovers? |
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I customize the plan to meet the employers' and employees' needs while trying to provide as much flexability in investment options while also keeping costs to a minimum. |
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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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How many years of experience do you have? |
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What are your fees for this service? |
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It depends on the assets in the plan and the number of participants. |
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