| Advisor Profile |
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Business Description |
| Shannon Investments, LLC was founded in 2005 in order to provide objective investment strategies to high net worth indiduals living in the Lakes Region of New Hampshire and other areas of Northern New England. As an independent registered invesment advisor (RIA), with no connections to brokerage firms or other financial institutions, we can provide customized and tailored investment solutions to clients without any conflicts of interest. We put our clients' interests first and with a small number of clients, we can provide a higher level of service than our competitors. As an independent privately owned investment firm, we can also provide our investment advice at far lower costs. |
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General Information |
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| Name of Custodial Firm: |
Schwab Institutional
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| States Willing to do Business in: |
VT, MA, ME
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| Years of Experience in Financial Services: |
18
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| Number of Years with Current Firm: |
4
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| Work Experience: |
Merrill Lynch 2000 - 2005
PNC Advisors 1995 - 2000
Baybanks Investment Management 1991 - 1995
Bain & Company 1988 - 1991
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| I work with the following types of clients: |
Non-Profit Organizations, Individual Investors, Businesses
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| Foreign Languages Serviced: |
French
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Education |
| Academic Background |
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MBA - University of Notre Dame
BA - Virginia Military Institute |
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Services |
| Investment Types: |
Mutual Funds, Stocks, Exchange Traded Funds (ETFs), Bonds, Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Chartered Financial Analyst (CFA), Ceritfied Cash Manager
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| Securities Licenses: |
Series 7, Series 63
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| Financial Organization Memberships: |
CFA Institute
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| Non-Financial Organization Memberships: |
Boston Security Analysts Society
New Hampshire Estate Planning Council
New Hampshire Society of CPA's
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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: |
10
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| Firm's Number of Managed Clients: |
10
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| Advisor's Number of Clients: |
10
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| Advisor's Number of Managed Clients: |
10
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Compliance |
| Registered Investment Advisor: |
Yes
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| I am an acknowledged fiduciary: |
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-only financial professional: |
Yes
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| 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
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| Prepared By: |
Eric Letendre |
Frequently Asked Questions |
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| Q. |
Do you have a customer satisfaction or refund policy? |
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Any client can terminate the relationship with thirty (30) days notice with no exit or termination charges. |
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| Q. |
What are your qualifications? What is your education background? |
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I have been managing money since 1991 and I have an MBA from the University of Notre Dame and I have been a Chartered Financial Analyst (CFA) since 1989. |
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What is your approach to financial planning? |
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My approach is very customized and tailored to the specific client circumstances. There is no "canned" software package approach. All clients are asked to be collaborative in designing the financial plan that meets their specific goals and objectives. |
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| Q. |
What services do you offer? |
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Investment management is my primary area of expertise. However, I am available to help clients with all areas of financial planning and advice. |
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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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Initially, I am the primary point of contact. Depending on the client's specific financial plan, other experts may be involved. |
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| Q. |
How are you compensated? How will I pay for your services? |
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Compensation is based on a fee on assets under management. Normally, the fee is between 1/2% to 1% of the account size charged quarterly. The fee can be charged directly to the account or the client can be invoiced separately. |
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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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Most accounts are discretionary whereby I can trade the accounts as I feel is necessary. However, if a client wants me to obtain permission for buying or selling securities (non-discretionary), that can be arranged. |
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| Q. |
Do you offer any guaranteed results? |
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No. It is illegal to guarantee investment results. |
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| Q. |
How much risk should I be willing to take? |
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The risk a client is willing to take is part of the investment strategy. Investment portfolios can be designed and managed in a way that is appropriate and suitable for a client's level of risk aversion. |
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Have you ever been charged with any breaches? |
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What services do you provide? What are your specialties? |
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Investment management is my primary area of expertise. However, I am available to help clients with all areas of financial planning and advice. |
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| Q. |
What is your experience? How many clients do you currently manage? |
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I have managed money since 1991. I currently have ten (10) clients. |
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| Q. |
What financial institution(s) do you represent? |
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I am an independent registered investment advisor (RIA). I represent no financial institutions, so as to avoid any conflicts of interest. |
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How do you charge for your services? |
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Compensation is based on a fee on assets under management. Normally, the fee is between 1/2% to 1% of the account size charged quarterly. The fee can be charged directly to the account or the client can be invoiced separately. |
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| Q. |
Do you provide a free initial consultation? |
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Why should I choose you as my financial advisor? |
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I have almost twenty (20) years experience in managing money and working with clients. I have an MBA and CFA. I am an independent registered investment advisor (RIA) and charge a fee (no commissions or hidden charges). My practice is structured so as to avoid conflicts of interest and focus exclusively on my clients' needs. |
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What are your qualifications? |
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I have been managing money since 1991 and helping people with their 401K rollovers for almost twenty years. I have an MBA from the University of Notre Dame and I have been a Chartered Financial Analyst (CFA) since 1989. |
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| Q. |
What is your approach to 401 K plan rollovers? |
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My approach is very customized and tailored to the specific client circumstances. There is no "canned" software package approach. All clients are asked to be collaborative in designing the 401K plan rollover portfolio that meets their specific goals and objectives. |
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| Q. |
How long does the process of rolling over a 401K plan usually take? |
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Usually, as long as the client's 40iK plan provider cooperates, the process should take less than 30 days for a rollover. |
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What financial institutions do you represent? |
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I am an independent registered investment advisor (RIA). I represent no financial institutions, so as to avoid any conflicts of interest. |
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| Q. |
How many years of experience do you have? |
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What are your fees for this service? |
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Generally, depending on the complexity of the investment portfolio, the charge is between 50 basis points to 100 basis points on the market value of the investment portfolio under management. |
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How many 401K rollover clients do you currently manage? |
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Why should I roll over my 401K plan to your firm? |
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I work closely with my clients to structure and customize an investment portfolio based on their specific needs. Generally, when someone rolls over a 401K, they are entering retirement and the needs to properly structure a portfolio are keen and I spend the necessary time with a client to achieve that goal. |
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Do you provide a free initial consultation? |
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