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Overview

Services

Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Charitable Planning
    • -Other Financial Planning
    • -Tax Planning
  • Pension Consulting
    • -401k
    • -403b
    • -457
  • Portfolio Management
    • -Individuals and/or Small Businesses

Qualifications

Experience

No timeline events available.
Employer Years Dates
Etf Model Solutions, LLC 6 years, 6 months May 2013 - Present
Endowment Wealth Management, Inc. 6 years, 9 months Feb 2013 - Present
Sumnicht & Associates 10 years, 4 months Oct 2002 - Feb 2013

Designations & Memberships

  • Chartered Alternative Investment Analyst
    Designation
    Chartered Alternative Investment Analyst
    The CAIA designation demonstrates mastery of alternative investment concepts, tools, and practices, and promotes adherence to the highest standards of professional conduct.
  • Chartered Financial Analyst
    Designation
    Chartered Financial Analyst
    Widely considered the gold standard for investment professionals, this six decade old charter is only given to designees who can demonstrate competence, integrity, and dedication to the field of investment management.

Articles and Answers

Insights by Prateek Mehrotra

Bitcoin: Fad or the Future?
Published 2014-04-13 14:49:14
Which Investment should I choose?
Published 2013-11-07 12:41:28
Benefits of using Exchange Traded Funds
Published 2013-09-26 14:35:13
What are Exchange Traded Funds?
Published 2013-10-29 14:02:07
Primer on Roth 401(K)
Published 2013-07-23 10:38:45
How to lower costs in any Retirement Plan?
Published 2013-05-03 11:29:33
Endowment Investment Philosophy
Published 2013-04-30 19:11:36
    *Articles are published by advisors without compensation.

    Answers

    Ask a financial questionAsk a question
    My financial advisor ,UBS, has recommended putting a portion of my money with Northcoast Asset Management's Can Slim program. It would be about 20% of my assets with them. What is your thoughts on this strategy?
    Before I would invest in any alternative strategy, I would ask the following questions:1) Does the manager have a longer term track record. I prefer at least a five year history, if not longer. Ask for their monthly returns.2) What are the assets under management tracking a strategy? I prefer to s...  (more)
    Answered May 2013
    Are the Franklin Templeton family of funds a good investment even with the 5% front end loads they charge.
    We believe that any kind of investment with a 5% upfront sales commission is not appropriate in today's day and age where ETFs are easily available for less than 0.25% annual cost. Off course, it depends on the exposure the Fund is trying to deliver and at what cost. Also, given that less than 50% o...  (more)
    Answered Apr 2013
    Is it a good idea to invest in my company's stock?
    Here is my 2-cents:It is very important to have a retirement plan first, which is properly diversified and allocated. Second, you can look at how this money is invested, whether it is through individual stocks, mutual funds and/or ETFs.Your Company Stock would fall under a specific Asset Class Bu...  (more)
    Answered May 2013
    Which ONE of the 5 highest yielding DOW 30 stocks (currently) would you recommend and why?
    I would never recommend buying one individual stock no matter how attractive the yield. It is extremely important to diversify your portfolio. There are many ways to build a portfolio of high yielding stocks that is extremely diversified on the following parameters:1) Asset Classes2) Sectors and/...  (more)
    Answered Feb 2014
    What does everyone think about the recent Crypto Currency fad?
    What if someone told you about an investment that has made some people millionaires overnight and has both a number of high-profile supporters and a global reach? Would you be tempted to invest? Now what if someone told you that the same investment also could lose most or all of its value almost ov...  (more)
    Answered Apr 2014
    With markets so volatile, are leveraged ETFs a smart play?
    I would like to add to other responses. In my opinion, leveraged and inverse ETFs should only be used by Traders and not Investors. These are great investment vehicles for expressing a short term trade vs. a longer term investment. Be extremely careful and diligent when using these as it is easy to ...  (more)
    Answered May 2013
    I just watched Frontline's most recent documentary on the follies of actively managed accounts. Should I put most/all of my retirement savings into passively managed funds? What about all the hidden fees that are not reported in actively managed funds?
    The Active vs. Passive debate is an eternal one. It has become more relevant during the recent Secular Bear Market that started in 2000. During this period, when Active money management should have beaten Passive money management, less than half of Active money managers can claim that they outperfor...  (more)
    Answered May 2013
    How do I find out my account balance?
    There are two ways to look at your account balance:1) The old fashioned way, which is from a paper statement from your custodian, which is usually sent on a monthly or quarterly basis.2) The newer way, which is online, real-time, all the time.It will depend what you signed up for and what the cap...  (more)
    Answered May 2013
    My employer offers target date funds in our 401k. How do these funds work?
    Mike,Target Date Funds are turnkey Fund of Funds that use a pre-defined asset allocation mix between stocks and bonds and rebalance automatically as one gets closer to retirement. So for example, if you are a young investor starting to invest in a retirement plan, 80% of your money should go to equ...  (more)
    Answered May 2013
    How do You Value a Private Equity Asset Manager?
    Scott provided a great summary of these Alternative Asset Managers business model and sources of revenue, but did not give a specific valuation metric. Coming up with a So I am going to give my 2 cents.Any business is valued based on its present and future cash flows discounted at a certain rate o...  (more)
    Answered May 2013
    When interviewing a financial advisor, what questions should I ask?
    Here is what I would add to the exhaustive list of questions to ask by Gregory:1) What Conflicts of Interest do you have?2) Is your Firm Independent and Owned by Employees?3) Do you have a Succession Plan?4) How did you react during the 2008 Financial Crisis?5) Do you recommend the use of Alter...  (more)
    Answered Oct 2013
    How much are my various investment funds costing me?
    Jim,The first thing you need to do is segregate all your portfolio investments into the following buckets:EQUITYFIXED INCOMEPRIVATE EQUITYHEDGE FUNDSREAL ASSETSThe next thing you should do is qualify the investment structure, which could be any of the following:INDIVIDUAL STOCKSINDIVIDUAL B...  (more)
    Answered Oct 2013
    I am 70 years old, have $500,000 in savings, receive $1352 net SS. I will soon need a new smaller house that I would like to buy with down payment and financing. How much can I withdraw annually for the rest of my life with this scenario.
    Gloria,I am sorry to hear about your situation. I agree with my peers that working with an Advisor is your best bet, given your age and personal circumstances.You have to carefully evaluate your spending budget before you decide whether you should buy a home or rent. Also, the simple answer to you...  (more)
    Answered May 2013
    Should I invest in the stock market or mutual funds?
    I would never recommend an individual investor dabble in stocks. It is very hard for even professionals to not only pick stocks but to make the timing decision of when to buy and sell. The best route for an individual investor is to take exposure to the market through pooled vehicles like mutual fun...  (more)
    Answered May 2013
    Savings account (stuffed mattress) vs. Index Fund? Mutual Fund? ETF? Where do I begin investing?
    Susan,My advice is very simple. It appears that you are saving for an Emergency Fund. If that is the case, you most likely do not want to take risk with this money. It should be invested in Money Market Funds and/or CDs.Now, if these are not your Emergency Funds, then the next question is where an...  (more)
    Answered Jun 2013
    I have a profit sharing plan with my current employer and will be having my first child this july. I am considering leaving my job permanently and would like to cash out my retirement. If i leave in July, when will i receive the money?
    Trish,First of all congratulations on your first child and good luck with the delivery. Without knowing any of your other details, it is tough to give you any kind of advice. If you can share your summary plan description, I can check the details of your specific plan and give you proper advice.Ho...  (more)
    Answered May 2013
    What can you tell me about Capital Gains Tax? Where can I get accurate information on Capital Gains tax and Capital losses?
    In addition to David's response, you can use the following link to get more information. For tax issues I like to go straight to the source, which is IRS's website:http://www.irs.gov/taxtopics/tc409.htmlI am also posting another link which talks specifically about the 2013 rates, as these have all...  (more)
    Answered May 2013
    I am looking to open a Roth IRA but not sure if I should go with a discount brokerage or a mutual fund company. Can you suggest what may be the best option?
    Jenny,I agree with all the answers, but would like to add my two cents. You should definitely go with a discount brokerage firm, as it offers you the flexibility to pick and chose any Mutual Fund and/or Exchange Traded Product to build a low-cost and diversified portfolio. You always want the abili...  (more)
    Answered May 2013
    How does wells fargo advice track 401k plan compare to other plans?
    Carol,I agree with other responses that your question needs to be a bit more specific and clear, before anyone can give you meaningful advice.However, assuming that you are asking a question that pertains to your current 401(K) plan, I would suggest that you start by tracking the plan on "Brightsc...  (more)
    Answered May 2013
    Do you have any tips and strategy to share in any asset trading?
    Not to make a mockery, you should only trade when you know how to BUY LOW and SELL HIGH, regardless of the asset class you are trading. If you can do this 50% of the time and can let your winners RUN and CUT your losers, you might be able to make money and beat benchmarks. This is a very tough game ...  (more)
    Answered Jun 2013
    I need to get access to my 401k account and need help. I work for Northeast Rehab Hosp?
    Linda,As suggested by my peers, HR is one option. The second option is to look at your statement and see who the Third Party Administrator ("TPA") is. The third option is to call the Advisor attached to the plan. And, the last option is to find your plan online (through the Custodian) and get acces...  (more)
    Answered Oct 2013
    What are the downsides of TIPS?
    The real downside to TIPS is not very different from regular bonds, in that they also have Duration Risk or Interest Rate Risk. As interest rates rise, the principal falls in value. The longer the Duration of the TIPS, higher the risk of a decline in principal value. Moreover, this risk gets amplifi...  (more)
    Answered Oct 2013
    I was told to invest more money in emerging markets. Should I do it?
    David,I agree with my peers that without knowing your individual situation and particulars recommending a certain allocation to a certain asset class does not make any sense. However, to give you an idea of how much you can invest in the Emerging Markets equity category, you should look at the MSCI...  (more)
    Answered Nov 2013
    How do I receive my money from my old 401k?
    Tammy,It is not clear from your question, if you are looking for a partial distribution, full distribution, or you are just looking to roll over your 401(K) into an IRA so it is more easily manageable and/or accessible. Maybe you are looking to take out a loan or get an RMD?If you have found your ...  (more)
    Answered May 2013
    Hello. Several years ago I was employeed by Whole Foods Market (Milwaukee, WI branch) I left the company. I was enrolled in their 401k program. How do I access this information from them and move it into my current retirement plan (through Vanguard?)?
    Ben,If you need help with any of this, please feel free to give us a call, as we work closely with Fidelity as a Custodian as well as Vanguard and can help you with the rollover process, if you do decide to move forward.We are located right here in Appleton, WI and you can check us out at www.endo...  (more)
    Answered May 2013
    Northcoast Assest Management ETF investment?
    Ali,I see two ETF based portfolios in my database that are managed by NorthCoast. One is based on the CAN SLIM process and the other is Tactical. Both use ETFs. The CAN Slim track record goes back to 6/1/2009 and has produced a 5.3% annual return over the last three years whereas the Tactical portf...  (more)
    Answered May 2014
    What return should we expect for 6-10 year period?
    Richard,What you are asking is a very difficult question, as you know it requires making a prediction and as Yogi Berra said, Prediction is very hard, especially about the future!!!Anyway, with that caveat, I follow many market gurus who do this routinely. One of them is Jeremy Grantham of GMO who...  (more)
    Answered Nov 2013
    Is it OK to have multiple financial advisors each managing a portion of my assets?
    In my opinion, a Family should have one advisor and multiple money managers. The Advisor serves as the family's quarter back when it comes to making sure that the money is properly allocated, diversified, invested, monitored, rebalanced, and changed, as and when needed.Generally, when there are mor...  (more)
    Answered May 2013
    I have 100% of my retirement money in a target date fund. Do you consider that diversified enough or not?
    Ryan,Lot of answers from well qualified people. But I am going to provide my 2 cents also.Target Date Funds are turnkey funds for making life simple for Plan Sponsors and Employees. However, the answer to your question depends on who is managing the Fund and how they perceive the risks in bonds to...  (more)
    Answered May 2013
    What is an index fund?
    An index fund is any vehicle that provides exposure to an index. The structure could be an Exchange Traded Fund, Exchange Traded Note, Mutual Fund, Closed End Fund, etc. Although, most commonly used vehicle is an Exchange Traded Fund. These are generally rules based and do not involve any manager su...  (more)
    Answered Apr 2013
    What are the Top 25 most used 401K funds?
    William,The best place to find your answer is, Brightscope, as they compile this data naturally. Here is a link for Small Cap Funds on the top of their blog:http://blog.brightscope.com/If you scroll down you will find more data and lists. Hope this helps.Prateek Mehrotra...  (more)
    Answered Dec 2013
    How would you invest $100,000 to ensure a minimum of 7% growth a year? What would your flat fee a year be to invest it?
    The only way to ensure a minimum 7% return is by investing in Investment Grade Bonds that are paying 7% in interest. Unfortunately, in today's low yield world, it is an anomaly. You have to be willing to accept credit risk to have a chance at earning the 7% return. You can look at higher yielding in...  (more)
    Answered May 2017
    What does it mean to understand an company?
    In the truest sense, understanding a company means the following:-How does it make money?-What is its business model?-Does it have a long term sustainable competitive advantage?-Does it have a wide and deep MOAT around it?-Will it able to sustain and grow its margins/profits over the longer ter...  (more)
    Answered May 2013
    I've just discovered your website and my employer (Dartmouth Hitchcock Clinic) sponsord 401A/401B plans have a 60 rating. I am offered one Index fund - Vanguard INST INDEX - and would like to allocate 75% of my future investing to this fund. I understand that there are no fees associated w/ index
    You are now an empowered saver, as you have discovered BrightScope. An educated investor can ask questions and encourage their retirement plan sponsors to consider making changes in an era of increasing transparency and lower costs.While there is some value to consider investing through an index fu...  (more)
    Answered Apr 2013
      *Answers are submitted by advisors without compensation.

      Licenses & Conducts

      SEC
      U.S. Securities and Exchange Commission
      • license status
        Registered
      • disclosures
        None
      • as of date
        May 18, 2017
      FINRA
      FINRA
      • license status
        Not registered
      • disclosures
        None
      • as of date
        N/A
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

      Assets

      Advisor

      Last updated on May 19, 2017
        • $59.0M
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 52
          number of clients
        • $1.1M
          Estimated Average Account Balance Per Client

      Endowment Wealth Management, Inc.

      Last updated on Sept. 27, 2019
        • $158.2M
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 61
          number of clients
        • $2.6M
          Estimated Average Account Balance Per Client

      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.

      Types of Compensation Arrangements