| Advisor Profile |
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Business Description |
Mitchell R Owen, CLU, CFP and his associates are focused on helping clients to enjoy, protect and transfer their wealth. Our primary interest is to crystallize clients' financial objectives and assist them in implementing a program to accomplish those objectives.
By using current expertise and building upon that, I remain dedicated to providing clients with sound recommendations toward the accomplishment of their objectives. The asset of our clients that we value most is their trust and friendship.
We are dedicated first and foremost to service at the highest level. Defined as beyond expectation service, we strive to provide for our clients'' needs before they realize the need exists. |
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General Information |
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| Name of Broker/Dealer: |
NYLIFE Securties, LLC.
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| States Licensed in: |
PA, NJ
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| States Willing to do Business in: |
PA, NJ
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| Years of Experience in Financial Services: |
9
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| Number of Years with Current Firm: |
9
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| Work Experience: |
Before becoming a financial advisor I worked in the television field honing my skills as an interviewer. Getting to know my subjects and understand their motivations.
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| I work with the following types of clients: |
Individual Investors, Non-Profit Organizations, Businesses
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Education |
| Academic Background |
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MS - Syracuse University (1982)
CLU- American College (2002)
CFP- Financial Planning Board of Standards (2003) |
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Services |
| Investment Types: |
International Investments, Bonds, Exchange Traded Funds (ETFs), Alternative Investments, Mutual Funds, Annuities, Stocks, Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant, Chartered Life Underwriter (CLU®), Insurance License (Life & Health; Long Term Care; Specify below), Life Underwriter Training Council Fellow (LUTCF)
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| Securities Licenses: |
Series 65, Series 63, Series 6
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| Insurance and Annuity Licenses: |
Disability, Variable Life, Life, Annuity, Variable Annuity, Long Term Care
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| Financial Organization Memberships: |
Million Dollar Roundtable, Financial Planning Association (FPA), National Association of Insurance and Financial Advisors (NAIFA)
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| Non-Financial Organization Memberships: |
Flourtown Business Association, Business Networkers International (BNI)
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Firm Information |
| Number of Advisors in Office: |
100 - 999 employees
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| Firm's Number of Clients: |
200
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| Firm's Number of Planning Clients: |
50
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| Firm's Number of Managed Clients: |
125
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| Assets Managed by Firm: |
$15,000,000
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| Advisor's Number of Clients: |
200
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| Advisor's Number of Managed Clients: |
125
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| Advisor's Number of Planning Clients: |
50
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| Assets Managed by Advisor: |
$15,000,000
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Compliance |
| Registered Representative: |
Yes
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| Investment Advisor Representative: |
Yes
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| I am an acknowledged fiduciary: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| I am a fee-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
$50000
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| Compensation Methods: |
Flat Fee, Based on Assets, Commissions
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| Fee % Based on Assets: |
1.25
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| Prepared By: |
Mitchell Owen |
Frequently Asked Questions |
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| Q. |
Do you have a customer satisfaction or refund policy? |
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What are your qualifications? What is your education background? |
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I am Certified Finacial Planner Practitioner and a Chartered Life Underwriter |
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| Q. |
What is your approach to financial planning? |
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I take a conservstive approach. By mitigating downside risk, we can have good upside return. Also, running our of money before you run out of life is not acceptable. |
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What services do you offer? |
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Retirement Planning, Cash Flow Analysis, Investment Planning and Implementation and Financial Goal Planning. |
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How many clients do you currently manage? |
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Will you be the only person working with me? |
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How are you compensated? How will I pay for your services? |
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For the Financial Planning portion, a fee. If you implement the plan with me, there can be other compensation depending on the product or service. |
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| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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Yes, we will discuss how investments will be managed and no purchases are done without your approval. |
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Do you offer any guaranteed results? |
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No. Just that you might sleep better after working with me. |
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| Q. |
How much risk should I be willing to take? |
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That is a good question and one that will be addressed specifically around your goals and objectives and risk tolerance. |
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| Q. |
Have you ever been charged with any breaches? |
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| Q. |
What carrier(s) do you represent? |
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New York Life, principal, AIG, Genwoth, John Hancock and others. |
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Are there any pre-existing conditions that you can not cover? |
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Of course, some conditions are not insurable. |
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How long does it take to complete the application and approval process? |
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Is there a maximum age that you can insure? |
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What services do you provide? What are your specialties? |
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Retirement Planning and Investment advice. |
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| Q. |
What is your experience? How many clients do you currently manage? |
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I have been doing planning for clients over 9 years and currently have about 100 clients I currently represent. |
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How do you charge for your services? |
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Do you provide a free initial consultation? |
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Why should I choose you as my financial advisor? |
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I am concerned about you and using your money as a tool to achieve your golas and dreams. Plus after working with me I hope you will sleep better. |
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What are your qualifications? |
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Certified Financial Planner Practioner and 9 years experience. |
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What is your approach to Education Planning? |
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Varied, depends on age, employement status and income. |
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What are your qualifications? |
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Certified Finacial Planner Practitioner |
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| Q. |
What is your approach to 401 K plan rollovers? |
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I will try and make you 401(k) work for you, to either grow before retirment or t have it provide lifetime income in retirement. |
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How long does the process of rolling over a 401K plan usually take? |
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Depends on the company holding the assets, after we decide where to movethe oney usually about 2 weeks. |
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What financial institutions do you represent? |
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Over 3000 Mutual Funds and the entire stock portfolio. |
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How many years of experience do you have? |
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What are your fees for this service? |
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Dpends on the choice you make as to the plan. |
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How many 401K rollover clients do you currently manage? |
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Why should I roll over my 401K plan to your firm? |
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I try and develop an investment strategy that uses a balanced portfolio approach and protects against excessive loss. |
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Do you provide a free initial consultation? |
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