BROKER CHECK BY FINRA

Kestra Client Log-In

Wealth Preservation Solutions

360 Wealth Management

Menu 
  • Services Overview
  • The Stress Test
  • Insights by Kevin Ellman
  • Articles & Videos
  • About Us
  • Contact Us
  • Wealth Transfer
    Planning
  • Investment
    Planning
  • Exit
    Planning
  • Business Succession
    Planning
  • Insurance
    Planning
  • 401(k)
    Planning
  • Philanthropy
    Planning
You are here: Home / Articles & Videos / How To Choose A Financial Advisor Part 2

How To Choose A Financial Advisor Part 2

~ About Kevin Ellman, CFP ®

This is part two in our series on how to find the right financial advisor.

Many affluent individuals today own multiple businesses, real estate, and investments. The only way to tackle a multifaceted long-term financial project is to have a straightforward process that can help you move forward. These steps should include getting a clear understanding of your current situation, considering all your alternative strategies, developing the actual plan, implementing it so that the plan becomes a reality, documenting it so that you understand exactly what happened and how it works, and finally and most importantly, keeping your plan on track with regular updates and reviews.

Since choosing a planner is such an important choice that can have significant long-term implications, it is important that you pick the right person or team. It can be very helpful to start with recommendations from a trusted friend.

If you have an opportunity to see your potential advisor speak in public, this would be a good way to understand their approach. It can also be extremely helpful if they offer some type of trial experience. This could include an initial consultation where you can develop a mutual understanding of your needs and their capabilities to see if there’s a fit. Some advisors offer an initial report that provides an assessment of your current situation and a general description of the kind of work they would do for you.

Most advisors work as part of a team that include support staff to assist with planning and provide ongoing service. You should understand who you will be working with and what kind of services will be available to you. If you can meet the entire team, that would be ideal. There should be a written agreement. This financial planning agreement will spell out your responsibilities as a client and the services that the advisor will provide.

You may remember Tom Cruise saying to Cuba Gooding Jr. in Jerry McGuire “help me, help you!” Be forthright. Tell your advisor exactly what you expect, be completely forthcoming with all your personal, business, and financial information and make sure to ask any and all questions that occur to you. If you do all this, you will likely have a satisfying and productive experience.

Asset allocation does not protect against loss of principal due to market fluctuations. It is a method used to help manage investment risk. Past Performance does not guarantee future results. This material is for informational purposes only and is not meant as Tax or Legal advice. Please consult with your tax or legal advisor regarding your personal situation. The opinions expressed are subject to change with economic and market conditions. They are not meant as investment advice. Forward looking statements and market forecasts cannot be guaranteed and may not come to pass.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Wealth Preservation Solutions is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS are not affiliated with any other entity listed herein.

Investor Disclosures: https://bit.ly/KF-Disclosures

This article is for informational purposes only and is not intended as an offer or solicitation for the sale of any financial product or service or as a determination that any investment strategy is suitable for a specific investor. Investors should seek financial advice regarding the suitability of any investment strategy based on their objectives, financial situations, and individual needs. This article is not designed or intended to provide financial, tax, legal, accounting, or other professional advice since such advice always requires consideration of individual circumstances.

Exit Planning content © copyright Pinnacle Solutions. All rights reserved. Beri™ and ODI™ are trademarks of Pinnacle Solutions.

About Kevin Ellman, CFP ®

As a financial advisor for over 25 years, Kevin Ellman provides the full array of financial, estate, and retirement planning services to high net-worth business owners, families, executives, and individuals. He has appeared as a financial commentator on CNBC (Morning Call, Portfolio Make-Over, Make Your Money Work, Power Lunch), and on ABC, and has been quoted in Business Week, CBS Market Watch, Fortune Magazine and The Wall Street Journal. Learn more about Kevin Ellman...

Does Your Wealth Plan Really Work? Find out with a Stress Test

Kevin Ellman Podcast

Work. Life. Money. Insights by Kevin Ellman CFP
Work. Life. Money. Insights by Kevin Ellman CFP
Kevin Ellman, Certified Financial Planner, shares the stories of his life as the foundation for his outlook on the economy, market, and current events. Please see website for additional disclosures at https://wealthpreservationsolutions.com/kevin-ellman-cfp-podcast/

Podcast Subscription Menu

  • Visit Website
  • RSS Feed
Episode #8: Kevin Ellman Certified Financial Planner: Markets don’t like uncertainty… Looking ahead to 2021 and beyond…
by Kevin Ellman, Certified Financial Planner

What do we do? How do we plan? Should we wait? We all have a lot of questions as it relates to our current plan and the effect the upcoming election may have. Listen in to hear Kevin’s perspective on what to expect, how to prepare now and most importantly, how to be ready to move in the best direction for your plan…

For your free copy of Kevin’s book, The 7 Biggest Money Mistakes People Make and How to Avoid Them, text WEALTH to 88799.

Contact Kevin Ellman, Certified Financial Planner at https://wealthpreservationsolutions.com/about-us/kevin-ellman-certified-financial-planner/

Please see website for additional disclosures at https://wealthpreservationsolutions.com/kevin-ellman-cfp-podcast/

Thanks for listening! Please share and subscribe to the show.

Episode #8: Kevin Ellman Certified Financial Planner: Markets don’t like uncertainty… Looking ahead to 2021 and beyond…
Episode #8: Kevin Ellman Certified Financial Planner: Markets don’t like uncertainty… Looking ahead to 2021 and beyond…
October 8, 2020
Kevin Ellman, Certified Financial Planner
Episode #7: Kevin Ellman Certified Financial Planner: 1, 2, 1-2-3! Just like that, it came back to me, and my hands started to move.
September 2, 2020
Kevin Ellman, Certified Financial Planner
Bonus Episode #6: Stress Test: How will your Wealth Plan actually work if and when it’s triggered?
August 17, 2020
Kevin Ellman, Certified Financial Planner
Episode #5: Kevin Ellman Certified Financial Planner: You can learn an awful lot by paying attention.
July 20, 2020
Kevin Ellman, Certified Financial Planner
Episode #4: Kevin Ellman Certified Financial Planner: "I was an excellent driver for a 4 year old”
July 6, 2020
Kevin Ellman, Certified Financial Planner
Episode #3: Kevin Ellman Certified Financial Planner: From rowboat to speedboat; Thinking outside the box
June 15, 2020
Kevin Ellman, Certified Financial Planner
Episode #2: Kevin Ellman Certified Financial Planner: Coat room boy, cigar and mint boy, cashier and restaurateur, all by the age of 10.
June 6, 2020
Kevin Ellman, Certified Financial Planner
Episode #1: Kevin Ellman Certified Financial Planner learns lifelong lessons at age 16 on an African safari during summer break.
June 5, 2020
Kevin Ellman, Certified Financial Planner
Search Results placeholder
Download our Exit Planning Brochure

Is your 401(k) Plan leaving you exposed?

Get your complimentary copy of our new book
The 7 Biggest 401(K) Plan Mistakes Business Owners Make and How to Avoid Them Kevin Ellman The Seven 401(k) Plan Mistakes Business Owners Make & How to Avoid Them
To get started with a complimentary 401(k) Plan review simply provide the following documents.

For401(k) Plans:

  • Current Plan Adoption Agreement
  • 408(b)(2) Notice (Participant Level Expenses – Fee Disclosure)
  • 404(a)(5) Notice (Plan Level Expenses – Administrative Portal / Record Keeper or TPA)
  • Summary of Plan Description
  • Investment Policy Statement (IPS – Current / Most Recent)
  • Latest/Last Plan Review (Date Provided / Delivered)

For Health and Welfare Benefit Plans:

  • Current Employee Census (Include Home Zip Codes)
  • Plan Benefit Summaries (ERISA Summary Plan Description / SPD)
  • Last Two Years Paid Claims by Month (Include Employee Counts by Month / 100+ Lives)
  • Last Two Years Renewal Package
  • Current Rates / Fees / Expenses
  • Large Claim Data (All Claims Over $25,000 / With Diagnosis if Available)

Related Articles and Videos

Kevin Ellman Video Exchange Traded Funds – Part 1Exchange Traded Funds – Part 1 Kevin Ellman Video Exchange Traded Funds – Part 2Exchange Traded Funds – Part 2 Kevin Ellman Video Exchange Traded Funds – Part 3Exchange Traded Funds – Part 3 How not to become a bag ladyHow not to become a bag lady How can I take control of my money?How can I take control of my money? Kevin Ellman Video - Finding A Financial Advisor Part 1Finding A Financial Advisor Part 1 Kevin Ellman Video - Dividends Part 2Dividends Part 2 Kevin Ellman Video - Dollar Cost AveragingDollar Cost Averaging
Get Kevin Ellman’s new book, The 7 Biggest Money Mistakes People Make and How to Avoid Them, and learn how to preserve and grow your wealth! Seven Biggest Money Mistakes People Make and How to Avoid Them: Preserve and Grow Your Wealth by Kevin Ellman CFP

Kevin Ellman Video Series


ETFs Part One

ETFs Part Two

ETFs Part Three

The Wealth Preservation Solutions Team

  • About Us Overview
  • Dennis J. Amico
  • Kevin Ellman CFP®
  • Paul D. Miller
  • Robert W. Davis CFP®, RICP®
  • Dolores White
  • Susan J. Forman CFP®
  • Carrie Ware
  • Michael Csedrik
  • Elizabeth D’Aleo

Articles & Videos On Investing

  • Finding A Financial Advisor – Part 1
  • Finding A Financial Advisor – Part 2
  • Exchange Traded Funds Part 1
  • Exchange Traded Funds Part 2
  • Exchange Traded Funds Part 3
  • Dollar Cost Averaging
  • Dividends Part 1
  • Dividends Part 2
  • Strategies to Help Maximize Your Money
  • Our Investment Planning Process
  • Estate Tax and Succession Planning After the Cliff
  • Estate and Business Succession Planning

Services Overview

  • Services Overview
  • Estate Planning and Asset Protection
  • Investment Planning
  • Exit Planning
  • Business Succession Planning
  • Insurance Planning
  • Benefit Planning

About Wealth Preservation Solutions

  • Services Overview
  • The Stress Test
  • Insights by Kevin Ellman
  • Articles & Videos
  • About Us
  • Contact Us

Disclosure

BROKER CHECK BY FINRA

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Wealth Preservation Solutions is not affiliated with Kestra IS or Kestra AS.

Investor Disclosures: https://bit.ly/KF-Disclosures

This site is published for residents of the United States only. Registered Representatives of Kestra Investment Services, LLC and Investment Advisor Representatives of Kestra Advisory Services, LLC, may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact our Compliance department at 512-697-6000.

All content on this website, including but not limited to articles, images, text, photos, illustrations, and videos is copyrighted and may not be used, downloaded, reprinted, republished, in whole or part, without expressed written permission. For usage permissions, please contact us. We will respond promptly to your inquiry. Thank you.

BERI™ and ODI™ are trademarks of Pinnacle Equity Solutions, Inc. All Rights Reserved.

Copyright 2016-2021 Wealth Preservation Solutions, LLC. All Rights Reserved. | Privacy Policy Website by Atkinson