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Overview

Services

Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Charitable Planning
    • -Other Financial Planning
  • Insurance
    • -Life Insurance
    • -Long-Term Care Insurance
    • -Annuities
    • -Business Insurance
  • Portfolio Management
    • -Individuals and/or Small Businesses
    • -Businesses or Institutional Clients
  • Accounting & Tax
    • -Tax Advice
    • -Other Tax
  • Legal
    • -Legal Planning
    • -Legal Advice
    • -Other Legal
  • Other
    • -Publication of Periodicals or Newsletters

Funds

Funds Used With Clients

There are no funds listed for this advisor at this time.

Firm Client types

Qualifications

Experience

No timeline events available.
Employer Years Dates
First Allied Advisory Services, Inc. 7 years, 5 months Jul 2012 - Present
Chestnut Investment Group, Inc. 15 years, 4 months Aug 2004 - Present
First Allied Securities, Inc. 25 years Dec 1994 - Present

Designations & Memberships

  • Financial Planning Association
    Membership
    Financial Planning Association
    The Financial Planning Association (FPA®) is the largest membership organization for personal financial planning experts in the U.S. and includes professionals from all backgrounds and business models. We help connect thousands of consumers to competent and ethical planners who uphold the FPA Standard of Care.
  • Certified Financial Planner
    Designation
    Certified Financial Planner
    A standard certification for advisors, designees are exposed to nearly 100 topics on integrated financial planning. Major topics include, but not limited to: insurance, employee benefits, securities, state and federal tax, estate tax and planning, asset protection, etc.

Articles and Answers

Answers

Ask a financial questionAsk a question
I run the 401k plan for my company and some of our employees occasionally ask for personal advice about how much to save or which funds to choose, am I allowed to give them advice?
Melissa:Your job is to run the plan, not give advice. As a company empolyee, if you give advice the company could be held responsible should your "advice" turn out to be in contradiction of what the goals of the employee are. I suggest that the only recomendation that you make to the employee is to...  (more)
Answered Jan 2012
How can I find an investment advisor to manage an inheritance?
Scott:The first step is to consult iwth somone who is familiar with trust planning and trust documents. The spending needs you describe sound like a "HEMS" clause (health, education maintnance and support) but until the trust is analyzed for the direct wishes of the decedent, it is hard to comment ...  (more)
Answered Jan 2012
Am I saving enough for my kids' college?
There are so many factors to determine if you are saving "enough-" type and cost of projected college of attendence (state, community, Ivy League, etc), interest rate factors on investments, age of children, how many years to attend, etc. The best recommendation is to seek out a qualified Certified ...  (more)
Answered Jan 2012
Transferring Account?
The account that you have at TIAA-CREF is considered to be a "qualified account" meaning that it falls under the same rules as an IRA- if you take the money out, it will be taxed as ordinary income, along with a 10% early withdrawal penalty if you are under the age of 59 1/2 in the year in which you...  (more)
Answered Jan 2012
How can I find an investment advisor to manage an inheritance?
Scott:If the document is an irrevocable trust and it specifically names a particular advisor, you cannot change the advisor for no cause. To remove an advisor from an irrevocable trust who has shown no cause for removal other than being hard to work with, you would have to go to the courts to petit...  (more)
Answered Jan 2012
Can additional money be taken out of a special needs trust for extra living expenses?
Parker:We do trust planning here (we have an in-house legal team), and I have been involved in special needs trust planning for many years. While I am not an attorney, it all comes down to the terminology and the terms of the trust. When your grandparents set it up, they had their own concept as to...  (more)
Answered Mar 2012
Do publications, comparisons, Evaluations exist which compare CFP Return performance, possibly across portfolio Risk Profiles.?
If by CFP you mean Certified Financial Planner(tm), one of the last things you should be using for your evaluation is performance. CFP's attend a rigerous program including risk tolerence, investments, retirement, taxes, insurance and other issues related to the financial and estate planning needed ...  (more)
Answered Jun 2012
I'm two years into a 30 year mortgage at a 4.8% rate. Does it make sense to refinance to a 15 year at 3.25% or invest the $568/month that it would cost extra per month for a 15 year mortgage into retirement funds instead?
The consideration to refinance a mortgage involves a number of factors. In a blog I've written at chestnutblog.com, I point out two major factors when considering the refi: will you reduce the monthly/annual payments, and will you reduce the amount of years you will be obligated to the morgtage? Sin...  (more)
Answered Jan 2012
How can I maximize my 401(k)?
"Maximize" is a very broad question. The first issue is to find out how much or if your employer is going to match your contributions. If it is 6%, for example, it's the equivelent of 100% return on your investment immediately!. Check out the vesting program for the company, as you may have to be at...  (more)
Answered Jan 2012
What happens to my 401K if my company files bankruptcy?
All of the funds contributed to your plan by you should be segregated from the funds of the company and held by a qualified fiduciary. While you will be subject to market fluctuation depending on the funds you choose, the only downside as noted above by Evan is if you invested directly in company s...  (more)
Answered Jan 2012
How much money can I take out of my IRA every year during retirement and not run out of money?
I couldn't agree more with David. There are so may factors to condider: income needs, taxation, growth potential from capital growth (or losses), dividends, interest...you get the idea. NOW is the tiime to consult with a qualified financial advisor- planning for the future is much better than shooti...  (more)
Answered Feb 2012
How can I find out if In-Service Distribution is available on a client's company sponsored 401k Plan?
Request and review the adoption agreement or employee policies and procedures manual. You can also ask in the HR dept of it is available in the plan. Knowledge is power! ...  (more)
Answered Feb 2012
Who can I contact regarding my individual Macy's 401K balance?
I would check first with the HR department, and ask them to guide you. In addition, check you statement and contact the fiduciary of the plan, who may be Fidelity, Vanguard, or another qualifed fiduciary. Check to see if you can set up the ability to view your aaccount on line, so you can view it at...  (more)
Answered Feb 2012
Is there information were I can go to see how much income I will be receiving if I were to purchase an Annuity?
Edwin:After reading the answers above from my esteemed colleagues, I add just a few things to think about:You should be looking for advice from a CERTIFIED Financial Planner(R), one who has proven to have attended the courses needed and continuing education to prove expertise and experience in the...  (more)
Answered May 2016
    *Answers are submitted by advisors without compensation.

    Licenses & Conducts

    SEC
    U.S. Securities and Exchange Commission
    • license status
      Registered
    • disclosures
      None
    • as of date
      Sep 9, 2016
    FINRA
    FINRA
    • license status
      Registered
    • disclosures
      None
    • as of date
      Aug 9, 2016
    Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

    Assets

    Advisor

    Last updated on Jan. 12, 2017
      • $85.0M
        Total Assets Under Management
      • $0
        Total Assets Under Advisement
      • 400
        number of clients
      • $212.5K
        Estimated Average Account Balance Per Client

    First Allied Advisory Services, Inc.

    Last updated on April 9, 2019
      • $6.0B
        Total Assets Under Management
      • N/A
        Total Assets Under Advisement
      • 30K
        Accounts
      • $198.4K
        Estimated Average Account Balance

    Fees

    Types of Compensation Arrangements