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Robert L. Riedl, CPA, CFP®, AWMA®

Provide fee-based "FIDUCIARY ADVICE" to sustain Multi-Generational Family Wealth, Unity & Legacy

Etf Model Solutions, LLC

Milwaukee

WI

Contact Me

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
    • -Defined Benefit
    • -Other Pension Consulting
  • Accounting & Tax
    • -Tax Advice
    • -Other Tax

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
Etf Model Solutions, LLC 4 years, 10 months May 2013 - Present
Endowment Wealth Management, Inc. 5 years Feb 2013 - Present
Sumnicht & Associates 9 years, 10 months Apr 2003 - Feb 2013

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.
  • Accredited Wealth Management Advisor
    Designation
    Accredited Wealth Management Advisor
    Individuals holding this designation are well versed in wealth transfers, federal taxation, retirement planing and planning for end-of-life needs.
  • 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.
  • Certified Public Accountant
    Designation
    Certified Public Accountant
    The Uniform CPA Examination protects the public interest by helping to ensure that only qualified individuals become licensed as U.S. Certified Public Accountants (CPAs). Individuals seeking to qualify as CPAs – the only licensed qualification in accounting – are required to pass the CPA Examination.

Articles and Answers

Insights by Robert Riedl

Medicare Premiums and Other Costs for 2016
Published 2015-11-12 10:05:05
Teaching Your College-Age Child about Money
Published 2015-02-28 14:14:10
Calculating Cost Basis for Bonds
Published 2013-12-05 15:45:18
Bitcoin: Fad or the Future?
Published 2014-04-13 14:49:14
What is a Family Office?
Published 2013-11-16 11:16:38
Which Investment should I choose?
Published 2013-11-16 10:58:09
Which Investment should I choose?
Published 2013-11-07 12:41:28
Using The Endowment Investment Philosophy
Published 2013-10-25 06:17:08
Five Keys to Investing For Retirement
Published 2013-10-07 10:06:08
U.S. Government Shutdown Explained
Published 2013-10-06 15:54:36
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
Guide to Health Savings Accounts (HSA)
Published 2013-05-12 11:32:36
Guide to Classifying Stocks
Published 2013-05-12 11:30:34
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
    Where to put my retirement money, at the age of retirement.
    Take your time! Before you can properly invest your $60,000 of savings you need to fully understand your monthly expenses. Compare your monthly expenses to your monthly income which seems to be just social security. Now if your expenses exceeds your income, the difference is your monthly short-fa...  (more)
    Answered May 2013
    Will an annuity carrier accept an Inherited IRA transfer from a brokerage account?
    Anthony,I agree with both comments made by the other two advisers regarding the insurance companies accepting these funds and etc. My bigger picture question to you is why would you transfer your inherited IRA from the brokerage platform? Your Inherited IRA is already a tax deferred vehicle and...  (more)
    Answered Apr 2014
    How do I receive my money from my old 401k?
    Their are three ways to maintain your investment in your old 401-k account. First is to keep the funds in your former employer's plan. The second is to roll the funds over to a self-directed IRA or to your new employers 401-k plan. The third option is to distribute the funds directly to you which ...  (more)
    Answered May 2013
    I have 3 IRAs with 3 different firms, invested in 30+ stock funds. Would consolidation be a good move or will fees hurt?
    Reed,I think anytime you can consolidate your investments and number of various accounts down in to one managed IRA account makes investing and monitoring your funds so much easier. Today's technology when used by a fee-based adviser can provide you with better global diversification, lower the co...  (more)
    Answered Mar 2014
    What should my kids do with their UGMA accounts?
    Michael,An UGMA account is a Uniform Gift to Minor Account that provided the parent with control over the funds until the child reaches age 18. Then they can access the funds and spend the funds as the child wants, no parental controls. Yes when the securities are sold their would be tax conseque...  (more)
    Answered May 2013
    What debt should I pay off first?
    Robert,I think you have to realize that having a new job paying $15,000 less a year will reduce your monthly cash flow by aprox. $900 in after tax spending dollars. So you will have to also make some lifestyle adjustments or get a n additional part-time job.Using the $20,000 of cash you have; pa...  (more)
    Answered Dec 2013
    Is there a limit as to how many IRA's one can have?
    Stephen,All the other advisers are absolutely correct with their statements regarding diversification by various broker or investment accounts/statements is not going to help you create an integrated portfolio that has proper diversification, low investment costs, low trading costs and improved ris...  (more)
    Answered Apr 2014
    Is Thrift Savings Plan different than 401K ?
    Lorena,The Thrift Savings Plan (TSP) is a retirement savings plan for federal employees, including employees covered under the Federal Employees Retirement System (FERS) or the Civil Service Retirement System (CSRS), and servicemembers. When you contribute to the TSP, you get the same types of savi...  (more)
    Answered Jul 2014
    Does a financial advisor need 20 years of experience to give me great advice on how to invest?
    I think 20 years of experience does give an adviser a more experienced perspective when providing a client with detailed advice. But that experience also should not be the deciding factor rather, it should supplement his professional training, education, and professional certifications which reflec...  (more)
    Answered Oct 2013
    What are some ways to save money?
    All the advisers have great ideas. I think the key to saving money is to start. Start by working hard at your job and making a nice living, always trying to better yourself along the way. Secondly, by controlling your expenses and being a little cheap when you want something you don't really need...  (more)
    Answered Oct 2013
    Would it be a good financial strategy for us to roll over all our 401k IRAs to an annuity? Please see details below.
    Larry,Congrats on planning your retirement needs ahead of your retirement! I think the major variables I need to fully understand your situation are the following: What is your monthly living expenses? What is your monthly shortfall of cash? What is your comfort level or risk tolerance when it c...  (more)
    Answered Nov 2013
    What is the best advice you would give to a new startup CFO?
    Nolan,Great question. I assume you have a detailed business plan and execution time table. Since everyone knows that new businesses burn cash, you need to watch it like a hawk! Execute you business plan and maximize your successes and minimize your mistakes that are burning cash with little rewa...  (more)
    Answered May 2013
    What is the best model to determine the total return and tax implications of investing in a 529 college savings plan vs. lunmping all money into a consolidated investment portfolio.?
    The answer to this question is simple. Assuming that the college investment you are making is the same in amount and timing of investment, in a 529 account versus a personal account, the benefit of the 529 accounts "Tax free" status on all 529 account earnings is the key advantage. Thus, you will ...  (more)
    Answered May 2013
    How do I receive my money from my old 401k?
    You may receive a distribution from your 401-k when one of the following events occurs:•The participant dies, becomes disabled, or otherwise has a severance from employment.•The plan terminates and no successor defined contribution plan is established or maintained by the employer.•The participa...  (more)
    Answered May 2013
    How do i get started with 401 k?
    Great question! The other advisers provided you with some great information. I thought maybe some additional general information about 401(k) plans would be worthwhile to supplement their answers.A 401(k) plan is a type of employer - sponsored retirement plan in which you can elect to defer recei...  (more)
    Answered Oct 2013
    Can my 16-year-old make a Roth IRA contribution?
    The other professional answers outline the rules of using a Roth account for your son and I agree with them. A second option might be a 529 Educational Savings account. This will allow him to save funds for college and grow the funds tax free just like a Roth. I don't know his plans, but with the...  (more)
    Answered Dec 2013
    Just curious what options And percentages you recommend within my 401k... Below is my current allocations.
    We really need to know your Personal Risk Comfort Level for starters. If you want to complete one, please visit our web page www.EndowmentWM.com and go to the Client Center Tab. In that section look for the EWM Client Risk DNA Profile. Open and take the test. You can know determine your Risk Co...  (more)
    Answered Dec 2013
    Can I take a loan against my 401k??
    To expand on Michael's answer. If the loan option is available in your 401(k), you will be limited to borrowing no more than the greater of 50% of the current account value or $50,000. When you request the loan, they will also charge you a loan processing fee (maybe $250 ?) so you are better to...  (more)
    Answered May 2014
    I have a Employee Stock Ownership Plan and Trust. Not sure what is my net step, as far as my investment is concerned. This is my daughters email address berlindabaca@msn.com phone #505-363-9844 She is my beneficiary.
    Berlinda,Every retirement plan has a Plan Administrator which should be able to provide you with a Plan Document outlining the plan and it's investment options. They should also be able to address your concerns. Because your plan seems to incorporate an ESOP as an investment option, this investme...  (more)
    Answered May 2013
    Is it reasonable to expect that an novice investor like me could turn $5600.00 into $45000.00 within the next 27 years?
    Mathew,Very good question. The key point is if you don't start investing in your future and using the financial markets to out perform inflation and bank rates, you wont be able to maintain your current lifestyle in your retirement years. the compounded rate of return of approximately 8% is not ...  (more)
    Answered May 2013
    What to do with a non-deductible Traditional IRA?
    Lola,No problem with what you have done to date. Now follow the following steps to maximize your benefits:Convert or transfer all the Non-deductible IRA funds to a Roth IRA and let them grow tax free forever!Did you file tax form 8606 and disclose your $5,500 non-deductible contribution when yo...  (more)
    Answered Feb 2016
    What is a "RIA" firm ?
    An RIA is a Registered Investment Adviser that serves his clients as a fiduciary, just like an Attorney or Trust Department. They can be either an SEC RIA or a State Registered RIA, the main difference here is the amount of assets the firm gives advice on is over $100,000,00.00 they are supervised ...  (more)
    Answered Oct 2013
    Can I roll over a Roth IRA to a Roth CD without penalties?
    Deborah,You should have no problem rolling a Roth IRA to a Roth CD. To give you a better understanding of your options between rolling over these funds indirectly or directly to the new IRA please read my following comments.In general, a rollover is the movement of funds from one retirement savin...  (more)
    Answered Apr 2014
    OverSaver Needs Assurance! Wondering what 401k contribution % to drop down to?
    Colin,First off "Congrats" on saving $404k in your various retirement accounts and achieving a great credit score by age 33! I think the four key facts that you didn't provide us are as follows: 1. What is your annual income?, 2. What is your Marginal Federal Tax Rate?, 3. What is your average m...  (more)
    Answered Jul 2014
    Does beneficary of 529 get left over at age 21?
    Linda, Great 529 account control question. The beneficiary NEVER has any control of the proceeds in the 529 account, only you do and then the successor you name takes control upon your death. Yes. You can generally change the beneficiary of a 529 account as long as the new beneficiary is a fam...  (more)
    Answered Mar 2014
    How do I know if I need a financial advisor?
    Alex,The other advisers share some great insights and ideas. I think the answer to the your question is really your question itself. I sense you need a fee-based adviser because you realize you don't fully understand the complexities and integrations of all your fragmented decisions regarding inc...  (more)
    Answered Mar 2015
    I'm a Grad Student soon to graduate and recently came into a good deal of money, where do I start?!
    Kate,I know that to a student $50,000 sounds like a lot of money but it is not! Focus on the three most important things in your life today, one staying healthy, two completing your Doctorate education and three finding a rewarding job and career. Park ALL the money in a bank account and take no ...  (more)
    Answered Oct 2013
    Family member of HCE not eligble for 401k matching at same business as parent?
    Jonathan provided you with a great answer and good details. I totally agree. My real concern is who is actually making the suggestion that you do not participate in the match, the TPA, or the firm? Are they saying they advise you shouldn't participate or telling you that you can't participate? M...  (more)
    Answered Dec 2013
    With the financial crisis occurring in Europe right now, is it smart for me to start investing in the stock market?
    Santiago,When you invest, you can control basically five major aspects of your portfolio:1. The over all diversification and timeline2. The costs related to the investment options3. The negative impacts from income taxes4. The exposure to long-term interest rate risks5. The exposure to lo...  (more)
    Answered Dec 2013
    When can I withdraw my money?
    Jorge,If you have a 401(k) plan at work and need some cash, you might be tempted to borrow or withdraw money from it. But keep in mind that the purpose of a 401(k) is to save for retirement. Take money out of it now, and you'll risk running out of money during retirement. You may also face stiff ta...  (more)
    Answered Jul 2014
    I am set to retire October 1, 2016. Should i continue to max out my 457b plan?
    Jesse,Congrats on being able to retire in October 2016! Based on the limited amount of information you provided; Yes I would continue to max your 457-B plan contributions for 2016 because it will lower your income tax liabilities in 2016. When you withdraw the accumulated 457-b funds in later ye...  (more)
    Answered Jan 2016
    I am 66 and filed for social security. keep working making about 70k . remove all my Roth and 401K . how much tax owed?
    Mike,Congrats on taking the time to ask a question and to plan your retirement years. Based on your limited amount of information, I can only share some general insights that you might find helpful.Roth IRA accounts grow tax free and Roth distributions are tax free in the year you receive them.4...  (more)
    Answered Oct 2016
    How can I see my account status?
    I agree with Michael regarding the physical account statement. But if you have an old statement you should be able to call directly to the custodian and get current account information and request access via your computer or smart phone. Access to any financial account today should be easy to esta...  (more)
    Answered Oct 2013
    What are the Top 25 most used 401K funds?
    William,I don't fully understand your question and the purpose of what this information is being used for . If you are a 401-k Plan Sponsors or Trustees, you need to fully understand the recent ERISA regulations when you are selecting 401-k options available to your employees. Remember you are ...  (more)
    Answered Dec 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
        Jan 25, 2018
      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 Jan. 25, 2018
        • $50.0M
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 50
          number of clients
        • $1.0M
          Estimated Average Account Balance Per Client

      Etf Model Solutions, LLC

      Last updated on May 17, 2017
        • $7.2M
          Total Assets Under Management
        • N/A
          Total Assets Under Advisement
        • 56
          Accounts
        • $128.3K
          Estimated Average Account Balance

      Fees

      Types of Compensation Arrangements