I have over 30 years of professional experience in financial planning and investment management. I attended Lycoming College from 1978 to 1982, where I earned my BA in Business. I am a member of the Financial Planning Association and the Society of Financial Service Professionals. I enjoy international travel and I am passionate about horses, boating, fishing, fine wine and gourmet cooking. I am active in fund raising activies for local charities such as the Bonnie Brae School and Residential Treatment...
Featured Advisor
Chief Executive Officer
Prestige Wealth Management Group
Flemington
New Jersey
Selecting a Financial Advisor
February 21, 2013
The independent investment advisor receives high marks from Millionaires, who perceive the professionals among the top for providing innovative and personalized services, according to rankings provided by Spectrem’s Millionaire Corner. What services can an investment advisor offer you?
An investment advisor is in the business of giving clients advice about stocks, bonds, mutual funds, exchange-traded funds and other securities, according to the U.S. Securities and Exchange Commission, the federal agency charged with ensuring fair and orderly financial markets. An investment advisor may also provide a wider range of financial planner services, such as retirement and estate planning – but not all do.
Click here to learn more about ways advisors help Millionaires.
An investment advisor can be compensated in several ways, including a commission on the securities traded for clients, a fixed fee for services, an hourly fee and a percentage of the assets he or she manages on behalf of clients, according to the SEC. Generally, an investment advisor who manages $100 or million or more is required to register with the SEC. Those who manage less typically must register with a state securities agency.
Millionaire Corner research shows that Millionaires care more about honesty and transparency than the do about an investment advisor's performance and fees.
The services of an investment advisor rate highly among Millionaires surveyed by Spectrem’s Millionaire Corner over the fourth quarter of 2012. The affluent investors rank the professionals among the top three for offering personalized services, and in the top two for offering innovative products and services. The investment advisor ranks fourth for being a “talented” advisor.
Investors seeking the services of an investment advisor are urged to review the professional’s Form ADV, a required filing containing information about an advisor’s services, fees, strategies, any problems they’ve with clients and any disciplinary actions taken against them. Investors can request copies of an advisor's Form ADV from the SEC’s Investment Advisor Public Disclosure website. Investors researching an investment advisor regulated by a state securities agency can contact the North American Securities Administrators Association.
