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Overview

Services

Advisor Services

  • Financial Planning
    • -Comprehensive Financial Planning
  • Pension Consulting
    • -401k
    • -Defined Benefit
    • -Other Pension Consulting

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
LPL Financial LLC 9 years Nov 2010 - Present
Nrp Advisors, Inc 2 years, 4 months Jul 2008 - Nov 2010
Nrp Financial, Inc 2 years, 4 months Jul 2008 - Nov 2010

Designations & Memberships

  • Centre for Fiduciary Excellence
    Membership
    Centre for Fiduciary Excellence
    CEFEX is an independent global assessment and certification organization. It works closely with investment fiduciaries and industry experts to provide comprehensive assessment programs to improve risk management for institutional and retail investors. CEFEX certification helps determine the trustworthiness of investment fiduciaries.
  • Retirement Advisor Council
    Membership
    Retirement Advisor Council
    The Council advocates for successful qualified plan and participant retirement outcomes through the collaborative efforts of experienced, qualified retirement plan advisors, investment firms and asset managers, and defined contribution plan service providers.
  • Accredited Investment Fiduciary Analyst
    Designation
    Accredited Investment Fiduciary Analyst
    The AIFA designees hold the knowledge necessary to understand and implement a prudent process for Investment Stewards, Investment Advisors, and Investment Managers and can perform fiduciary assessments to verify or certify an entity's conformity to CEFEX's Global Fiduciary Standard of Excellence.
  • Chartered Financial Consultant
    Designation
    Chartered Financial Consultant
    Invididuals holding this designation understand the fundamentals of financial planning, including income tax, insurance, investment and estate planning.

Articles and Answers

Insights by Michael Kane

    *Articles are published by advisors without compensation.

    Answers

    Ask a financial questionAsk a question
    What are some good low-cost recordkeepers outside of the well-known brands?
    Great West and Mass Mutual do an excellent job with assets beginning as low as $500,000. As you get North of that number, we like Putnam and Diversified. Putnam uses GW's platform, along with other insitutional folks. ...  (more)
    Answered Mar 2012
    401K Rollover -- Timing question?
    I am a proponent of Managed Accounts, since most people don't have the time, knowledge or savvy to invest. Most fund managers that I have met, use someone to manage their money. While I share some of your concerns about your ex-employer having the potential to switch service providers, you need to ...  (more)
    Answered Mar 2012
    Do you think the DOL will further delay the implementation of 408(b)(2) from April 1st, 2012?
    We have heard as recently as yesterday that it will not be extended, but nothing is for sure on paper. Think of it this way though, you are better to go ahead and comply early. If you're ready early, what is wrong with that? But if you aren't and wait until the last minute, you're going to have a l...  (more)
    Answered Jan 2012
    What to look for in a 401(k) record keeper?
    We developed our proprietary RFP that has over 30 pages. We have responses by 28 of largest bundled record keepers. We incorporated technology questions six years ago. About half the record keepers are losing money. That is the reason that we continue to see compression e.g Hartford exitMany proudl...  (more)
    Answered May 2012
    What are the most common non-conformities and opportunities for improvement in 401(k) Plans Found in Fiduciary Assessments?
    One of the non-conformities is lack of quantitative thresholds or inadequate measurement standard criteria in the Investment Policy Statement. ...  (more)
    Answered Mar 2012
    Can I borrow from my 401k to buy a house?
    That depends on your plan's provisions. Most plans permit a hardship withdrawal, which could be used for buying a house. ...  (more)
    Answered Jan 2012
    Can I amend a defined benefit plan?
    Juanita: You may amend the DB Plan, but you'll likely need some actuarial assistance. David is correct. Most TPA's/Record keepers have actuaries to assist you, although you may run into a couple billable hrs if you are trying to modify your formula to permit more/less contributions in a given year....  (more)
    Answered Mar 2012
    Who can I contact regarding my individual Macy's 401K balance?
    The record keeper, in this case Merrill Lynch typically aren't fiduciaries, Neal. They may have a 3/21 limited scope fiduciary. In this case, Rocaton Investment Associates, who appears on the 2010 form 5500 as the advisor. The fiduciary is the Plan Sponsor or Macy's. They can't abdicate their role....  (more)
    Answered Feb 2012
      *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 28, 2019
      FINRA
      FINRA
      • license status
        Registered
      • disclosures
        None
      • as of date
        Sep 28, 2019
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

      Assets

      Advisor

      Last updated on Sept. 29, 2019
        • $1.2B
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 114
          number of clients
        • $10.5M
          Estimated Average Account Balance Per Client

      LPL Financial LLC

      Last updated on Aug. 19, 2019
        • $159.1B
          Total Assets Under Management
        • N/A
          Total Assets Under Advisement
        • 787K
          Accounts
        • $202.3K
          Estimated Average Account Balance

      Fees

      Fee Only Advisor
      $
      This advisor has certified that they are compensated soley by their clients, and do not accept commisions or compensation of any kind based on the products they recommend.