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David Schlossberg, RFC, AIF


East Dundee


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Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -Charitable Planning
    • -Other Financial Planning
  • Insurance
    • -Life Insurance
    • -Health Insurance
    • -Long-Term Care Insurance
    • -Annuities
  • Pension Consulting
    • -401k
    • -Defined Benefit
    • -Other Pension Consulting
  • Portfolio Management
    • -Individuals and/or Small Businesses
    • -Businesses or Institutional Clients
    • -Other Portfolio Management


Firm Client types



No timeline events available.
Employer Years Dates
FSIC 10 years Jan 2010 - Present
Real Estate Partnership 8 years, 11 months Jul 2003 - Jun 2012
David Schlossberg, Independent Clerical Serviceseast Dundee, Il 17 years, 5 months Aug 2002 - Present
David Schlossberg, Independent Clerical Services 17 years, 5 months Aug 2002 - Present
David Schlossberg, Independent Loan Officer 8 years, 2 months Jul 2002 - Sep 2010
Assured Concepts Group, Ltd 22 years, 11 months Feb 1997 - Present

Designations & Memberships

  • Financial Planning Association
    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.
  • Accredited Investment Fiduciary
    Accredited Investment Fiduciary
    The Accredited Investment Fiduciary® (AIF®) designation represents a thorough knowledge of and ability to apply the fiduciary practices.
  • Certified 401(k) Professional
    Certified 401(k) Professional
    The C(k)P designation represents the pinnacle of achievement for the professional Retirement Plan Advisor, recognizing a combination of substantial practice retirement plan management experience, and the completion of a comprehensive and highly specialized educational program.
  • Chartered Estate Planning Practitioner
    Chartered Estate Planning Practitioner
    Holders of this designation are trained to work with legal, financial and insurance professionals in order to fully address the estate planning needs of a client. Prerequisites include a professional license (e.g. insurance, securities).
  • Registered Financial Consultant
    Registered Financial Consultant
    Supplemental online designation for already-certified advisors who are interested in additional knowledge in the wealth management industry

Articles and Answers

Insights by David Schlossberg

The Big Estate Planning Question of 2012
Published 2012-03-26 08:22:39
SITREP Report March, 2012
Published 2012-03-15 14:02:31
Trusts Retain their Merit
Published 2012-02-27 08:42:59
Monthly Report for February 2012
Published 2012-02-15 08:28:35
    *Articles are published by advisors without compensation.


    Ask a financial questionAsk a question
    LSW/National Life Group for retirement??
    Danny, you asked a great question. Section 7702 of the tax code provides certain tax-advantaged benefits for life insurance contracts. Effectively earnings can be distributed without any taxation if done correctly. So in that sense, it can act like a Roth and is especially beneficial for those that ...  (more)
    Answered Mar 2012
    How do I identify sector leaders ?
    Willis, There is a industry/sector charting done within a website called Investools ( They do advocate using their tools for stock picking, however I am not as much of a fan of that. That being said, they do a fantastic job of trending industries against all market caps ...  (more)
    Answered Mar 2012
    How do I know if my advisor is a Fiduciary?
    Some of these answers are not complete. For example, missing from the list is an RFC (Registered Financial Consultant) who has also taken an oath to serve in that capacity. But let's go one further. I would think your interest is not only one that is obligated to serve as a Fiduciary because of a de...  (more)
    Answered Jan 2012
    How does the European debt crisis affect the American economy?
    Thanks for the question Marilyn. Of course the future of markets are impacted by many factors. Oftentimes, one factor may then impact another. The mortgage meltdown not only affected bonds which also impacted financials, but that then trickled into the housing market, that trickled into the building...  (more)
    Answered Jan 2012
    Which option offers the most return for retirement:investing in an index ETF or a high yield fortune 500 company stock?
    Neither by itself would be good for retirement investing. Diversification is the key to risk management, and risk management is essential to proper management of investments. Having a portfolio that is up 10% one year and down 10% the next works out better than one that is up 50% is one year and dow...  (more)
    Answered Jan 2012
    What are some indicators that I may need to revisit the construction of my portfolio?
    Marvin, I think the best advice a financial advisor can give is to hire a financial advisor. After all, if we don't believe in the services we provide, perhaps we should seek another profession. But truthfully, not jsut any advisor, but one that can demonstrate that [1] he or she has the tools and p...  (more)
    Answered Oct 2012
    What is the best way to get my debt under control after being unemployed?
    I have volunteered at my church in the budget counseling area, and there was a recommendation there that on the surface didn’t seem like the best method, but in the long run it did help with successful outcomes more. Logic would tell you to concentrate on the highest interest rate, but what seemed t...  (more)
    Answered Feb 2012
    Can additional money be taken out of a special needs trust for extra living expenses?
    Hi Parker, as a financial advisor that is also the parent of a special needs child, I want to first thank you for fulfilling the trustee role for the benefit of the beneficiary. I agree with Parker that the ability to use funds for various purposes will be spelled out in the trust. Usual the purpose...  (more)
    Answered Mar 2012
    Does this plan have a hard ship clause to it for brothers over 55?
    Hello George. I get the sense they are not referencing a hardship withdrawal, but rather a normal retiree distribution. If you are working part-time and not full time, you are likely being considered retired under the plan guidelines. While about everyone knows you need to be age 59 ½ to withdrawal ...  (more)
    Answered Feb 2012
    I inherited a 401k, can I roll those funds into my IRA?
    NO! That would create a very big mess. There are very specific rules in regards to IRA's inherited by anyone other than a spouse. You want to place those funds into an “Inherited IRA” account, and you MUST take Required Minimum Distributions (RMD’s) annually based on your age of inheritance. Failur...  (more)
    Answered Feb 2012
    Should I tap into my Retirement Account now to potential minimize my tax burden at retirement?
    Jonathon gave some great advice, but simply put - if the only reason is to avoid a future tax burden, and the funds are not needed today, the best consideration by far is the Roth conversion option. Pay the tax on the principal converted today, but obtain growth without any future taxation on it. By...  (more)
    Answered Mar 2012
    What is a Charitable Remainder Trust?
    Hello Ryder. Great question. A Charitable Remainder Trust is a tax advantaged way of leaving funds to a charity at your death. You irrevocably place money into this trust, the trust makes lifetime income payments to you from the principal, and when you pass, whatever remains goes to the designated c...  (more)
    Answered Feb 2012
    What are some good low-cost recordkeepers outside of the well-known brands?
    Depending on where you are located, I would check out Alliance Benefit Group. We utilize them quite a bit as a TPA/recordkeeper. They are completely open architechture, so you will not have the same cost structures as the bundled providers previously mentioned. ...  (more)
    Answered Mar 2012
    Does cosigning for a (car lease $250) loan affect my credit score?
    I would wait until after the home purchase. When buying a home, you may need to rely on your credit alone, as mortgage companies will look at the lower score between the spouses, and you may not qualify, or may have significantly higher interest rates as a result. If you cosign for the lease, it wil...  (more)
    Answered Mar 2012
    How can I protect myself from frauds?
    Lacy, We wrote a white paper on that topic which can be found at . While it is not all inclusive, following these simple steps would have protect against the two frauds you mentioned....  (more)
    Answered Mar 2012
    What should I do with an inherited IRA?
    It should be rolled into a non-spousal beneficiary IRA. By doing that, you can continue to defer a portion of the IRA without needing to distribute it and incur taxes. You may need some personal advice if you have not taken a distribution for each year since you inherited the IRA. If he passed this ...  (more)
    Answered Mar 2012
    How can I tell if my financial planner makes a good investment on my behalf?
    At my firm, we believe returns alone are not the only item to be considered. If an advisor gets you an 8% return, on the surface that might sound good, but more needs to go into the evaluation. If he got you 8% from a very safe bond fund, that is very good, but if he got you 8% from a fund that inve...  (more)
    Answered Feb 2012
    Should I only invest money I don't "need'?
    I agree that you should not put your money at risk when it will be needed within 3-4 years. Stocks would generally be considered at risk. There are some investments that have less risk, and then some with minimal risk (such as a CD with a solid bank). Oftentimes folks can budget for immediate needs ...  (more)
    Answered Feb 2012
    What percentage of 401k plans with over 50 employees are trustee directed?
    I would suggest less than 1%. In today's environment, having the investmetns trustee directed in asking for a fiduciary lawsuit. You can do a great job, and one bad year, and one bad jury can cost you all you have. Per United States Code 29 U.S.C. § 1109, fiduciaries can be held PERSONALLY liable fo...  (more)
    Answered Mar 2012
    What happens to leftover money in a 529 plan?
    Jim is spot on. You can withdrawl amounts equal to the scholarship without the penalty, just the tax on the growth. If you deposited $100k and it is now worth $150k, one third of your distribution would be taxable gain and not subject to the penalty. As Evan also mentioned, you can transfer remainin...  (more)
    Answered Mar 2012
    401K distribution request?
    Priscilla, if the funds are "dispersed" to you, they will be taxable, and if you are not yet age 59 1/2, a tax penalty will apply as well. You should transfer the funds from your employer plan into an IRA, with the investments either directed by yourself, or with the assistance of an advisor. That ...  (more)
    Answered Feb 2012
    What's the best way to calculate how much long-term care insurance coverage I should buy?
    Well Harrison, great question, but to be accurate, we’d have to know what the future inflation rate for those services was. Many older policies issued offer an inflation rider that increased the benefit from the date of purchase by 5% each year. When I first started selling those policies, nursing h...  (more)
    Answered Mar 2012
    How does a stock-split influence underlying value?
    It is a marketing gimmick! Well, not really, but in a way you could call it that. If a stock is trading at $100 a share, and a standard lot size is in the 100 share category, that means any individual investor would need to commit $10,000 at minimum to be a stockholder of the company. If a split oc...  (more)
    Answered Feb 2012
    What's the best distribution between college savings and retirement savings?
    I always recommend my clients opt for investing in a Roth IRA rather than a college plan whenever they qualify to participate in the Roth option, and here is why. First, the tax scenario is identical. You deposit after tax income into the plan, it grows free of tax, and if used appropriately, there ...  (more)
    Answered Feb 2012
    Is there a mortgage credit score?
    The mortgage companies pull a report with your three scores from Experian, TransUnion and Equifax. They then drop the low score, and the high score, and underwrite you based on that middle score. So for example, if your three scores are 725, 720, and 689 – they would rate you at 720. The absolute ma...  (more)
    Answered Feb 2012
    Is there a time frame in which I have to move my 401k?
    You do not have to move it, although if it is under $5,000, the employer may elect to send you a check (which you should immediately deposit into your current employers 401k or into an IRA. That being said, while you do not HAVE to move it from your former employer, why would you want to elave it th...  (more)
    Answered Mar 2012
    What are the 3 credit scores?
    As Russ mentioned, some creditors will report to all three bureau's, while some may only report to one. This can influence your score, but the three bureaus do have a different methodology for their calculations. When applying for a mortgage, almost all mortgage lenders will discard your lowest and ...  (more)
    Answered Mar 2012
    I recently got married, is it a good idea for my wife and I to write wills now?
    Well, everyone techincally has a will, as if you pass away without drafting one yourself, the courts will draft one for you. In this circumstance, depending on your states laws, likley 100% of whatever you have would go to your new spouse. Drafting you won will can put control in your hands rather t...  (more)
    Answered Mar 2012
    How soon does my employer have to deposit my contributions deducted from my pay into my 401(k) account?
    The guidelines state no later than the 15th of the month following withdrawal from pay, OR as soon as reasonably possible. I recently advised an employer that was making 401k deposits weekly as payroll was cut that wanted to switch to monthly deposits not to do so. The reason is that they had alread...  (more)
    Answered Apr 2012
    My financial advisor is leaving the firm, what can I do?
    The obvious question is who is providing the value - the advisor or the firm. If it is the advisor, I suggest you inquire into what ways the new firm would add value to your family, and perhaps think through ways you may lose some value. It all depends on what services are being provided, and whethe...  (more)
    Answered Feb 2012
    Is it better to be in the hands of an individual advisor vs large bank wealth management?
    As an independent individual advisor, I answer with a bias of course. My belief is that most large bank wealth managers will be subject to the requirements of the bank they work for. Having friends that serve in that capacity, I know they are subject to many restrictions on what they can and cannot ...  (more)
    Answered Jan 2012
    Can a Mutual Fund withhold divindends (or portions of) that are earned by underlying investments?
    Tim, we use software that can show historical data for just about any investment including ETF's that are "index" ETF's and imply they track an index. We had done quite a bit of research on this lately as we had a client that wanted us to build a portfolio of ETF's that exactly matched the outcome o...  (more)
    Answered Feb 2012
    Can I withdraw funds from an annuity before I am 59 1/2?
    Yes Aidan, you can. Assuming you are referring to a Non-Qualified Annuity (for example: not IRA, or Roth dollars), the first dollars out would be considered your gain and taxed at ordinary income tax rates. Additionally if you are under age 59 1/2 , an early withdrawal 10% penalty tax would also app...  (more)
    Answered Feb 2012
    What's the best strategy for a charitable donation?
    Absolutely without question. Donating cash (via trackable method such as a check) is always the best way to make charitable donations so long as you are not exceeding the charitable deduction limits....  (more)
    Answered Apr 2012
    What are the downsides of TIPS?
    Well, if inflation is realtively non-existent, so then is the total yield. The principal of your TIP bond is adjsuted for inflation, and then the interest is paid on the principal as adjsuted. The actual payout over inflation can be relatively low (the most recent TIP auction in January for 5 year T...  (more)
    Answered Feb 2012
    What is the best option for rolling over a 401k after a job change?
    Tamara, I agree with Steven that "best option" is a very subjective issue. In almost all cases, investing in a employers plan will cost more in terms of fees than buying the equivalent on your own. Those fees are not currently transparent, but will need to be so soon. If you transfer the funds into ...  (more)
    Answered Feb 2012
    What are the differences between a variable deferred annuity and a fixed deferred annuity?
    Santos, In answering your question, I'll feel the need to put a different spin on the response than my esteemed colleague by stating that annuities (be it variable or fixed) are not synonymous with income stream. While it is true that all annuities offer income stream options, they all also offer an...  (more)
    Answered Feb 2012
    Can I amend a defined benefit plan?
    If your income changed, your contribution should also change. Defined benefit plans are very complicated, adn the use of pension actuaries would be typical. You should have a TPA (Third Party Administrator) that manages the tax and legal issues associated with your plan, and within the fees they are...  (more)
    Answered Feb 2012
    What happens if one of a trust's beneficiaries passes away before funds are dispersed?
    Carlos, The trust if properly drafted should have details of where the remaining funds should go. If you want to email me the doucment , I wudl be glad to read it and point out where you could find the answer....  (more)
    Answered Mar 2012
    What questions should I be asking if an advisor has regulatory disputes?
    There are too many disputes to mention or speculate what your response should be. The two questions that would come to my mind are, [1] is he open and honest so I feel assured I can trust him, and [2] are my investments safe [a.k.a. Bernie Madoff]. We wrote a white paper on how to know your assets a...  (more)
    Answered Feb 2012
    How often do I need to revise my estate plan?
    Herman, I recommend you review your trustee list beneficiaries at least every three years. In addition to those minor changes, a call into your estate planner that often should be made just to have them check and ensure your provisions are up to date. Most plans drafted these days have provisions th...  (more)
    Answered Feb 2012
    What are the most common non-conformities and opportunities for improvement in 401(k) Plans Found in Fiduciary Assessments?
    I think the number one non-conformity amongst micro and small plans is not even having an Investment Policy Statement to govern investment selection by. My experience would suggest that following the lack of an IPS, all the following would be common oversights: [1 ] Lack of due diligence and support...  (more)
    Answered Mar 2012
    What is a match percent and up-to percent? And how does it help me in my plan 401k?
    The match refers to how much your employer will add for to your account when you make contributions to assist with with saving in your retirement account. The amount and percentage varies from company to company. A common match is referred to as a safe harbor match where the employer will match dol...  (more)
    Answered Jan 2016
    I have a whole life policy w a $1m DB, $220k cash value . I have a 10m 20 yr lvl term policy. Should I 1035 to a UIL?
    Rather than first think about the 1035 into some other product that you may or may not want, the primary question is whether a 1035 is necessary. If not, you can acquire whatever suits you best without relinquishing the cash up front. The first question that should be asked by an advisor (as opposed...  (more)
    Answered Jan 2016
      *Answers are submitted by advisors without compensation.

      Licenses & Conducts

      U.S. Securities and Exchange Commission
      • license status
      • disclosures
      • as of date
        Dec 2, 2019
      • license status
      • disclosures
      • as of date
        Dec 2, 2019
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:



      Last updated on Dec. 3, 2019
        • $113.0M
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 125
          number of clients
        • $904.0K
          Estimated Average Account Balance Per Client


      Last updated on Sept. 19, 2019
        • $204.3M
          Total Assets Under Management
        • N/A
          Total Assets Under Advisement
        • 1K
        • $202.1K
          Estimated Average Account Balance


      Types of Compensation Arrangements