David Rae

CFP®, AIF®
Personal Finance, Retirement, Lifestage Based Planning
98%
Helpful
275
Answers
14
Articles
358
Followers
“David Rae, Wealth Manager and Fiduciary Financial Planner, is committed to using his knowledge of financial planning and investing towards making dollars and sense for people across America for over a decade.”
Firm:

DRM Wealth Management, LLC

Job Title:

President Founder - Financial Planner

Biography:

David Rae is the independent LA CFP®, AIF® to Lead Your Financial Team.

David Rae, Certified Financial Planner®, Accredited Investment Fiduciary® and Wealth Manager positions his clients for prosperity.

Name one of the "100 Most Influential Financial Advisors" by Investopedia. 

“Once you get your financial house in order,” he says, “It’s a lot easier for everything else­–personal life, professional life, family life and recreational life–to fall into place too.”  

Working with a wide diversity of clients for well over a decade, he has built a successful career developing comprehensive financial plans to meet life goals, retirement, tax planning, estate issues, portfolio revision, life insurance, portfolio management, business exit strategies and more. While based in Los Angeles, he serves clients across the country. At the same time, he enjoys a solid reputation as a smart, go-to financial guy for both mainstream and LGBT print, broadcast and online media.

Early days

David grew up Irvine, California. His father Mike Rae retired from a career as an NFL quarterback (USC, Raiders, Redskins, Buccaneers) while he was still in elementary school. This gave him a front row seat to retirement planning and money manners early on. His mother, Terri, was something of a financial genius who ran a tight ship, planned carefully, got the most bang for the buck and successfully avoided the financial traps that often snare former athletes and their families.

At the University of Redlands, David majored in Business and Musical Theatre, earning full-ride scholarships in both disciplines. A year studying abroad in Vienna, Austria – in addition to consistent and considerable amounts of world travel that he keeps up to this day – engendered a dimensional world view about peoples and cultures.

Life in finance

Financial planning has proven an excellent fit for fully engages David’s considerable math, social and communication skills. He began in 2003 as a Financial Advisor and hit the ground running. After completing the CFP’s rigorous two-year preparation program, in 2006 he passed the two-day CFP exam (the financial industry’s equivalent of the bar exam) with flying colors, earning him his professional certification. He achieved his Accredited Investment Fiduciary certification in 2015.  He became President of DRM Wealth Management in 2017.  This independent RIA specializes in helping the friends on the LGBT community reach their financial goals.

In addition to building his own business, David has always been active in helping others build their businesses as well. In 2004, he founded the Beverly Hills Breakfast Club chapter of BNI, an international networking group, which has grown today into the largest and wealthiest chapter in Southern California.  He was also named an "Adviser with Heart" by Wealth Management Magazine.

“There’s a significant lack of financial literacy in the general population,” David reports, “Even among those who are very bright. This may be related to being phobic about math since so much about money is really about math too. My function is to translate what may seem to be overwhelming and confusing concepts and programs into something clear, understandable and attainable. Essentially it’s pretty simple. You have a dream or life goal? Great, let’s sit down together, plan a workable strategy on how to finance it and make it a reality.”

Media matters

David Rae is the go to Financial Expert for the media. He has been seen, quoted and published in many national publications including  Nightline, ABC News, CBS News, Fox News, NBC News,  KTLA News, KCAL 9 News, Time Magazine, MSN Money, Men’s Health, NBC News, The Today Show, US News & World Report, Yahoo News and 401(K) Specialist Magazine  and many more. He blogs weekly on financial issues for The Huffington Post where he is noted for his trenchant observations and spot-on wit. He is also a regular contributor to The Advocate Magazine and Investopedia blogs. Recently, David was interviewed by Nightline. He also has his own personal finance blog Financial Planner LA

Personal life

David has completed the 545 mile Aids Lifecycle bicycle ride from San Francisco to Los Angeles for seven years in a row becoming not only a top fundraiser personally but heading a team that raised over a million dollars for the organization. A longtime and enthusiastic resident of West Hollywood, he lives with his husband Ryne Meadors and their two chihuahuas.

More info at www.davidraefp.com

or the top rated www.FinancialPlannerLA.com blog.

 

 

Education:

BA, Business Adminstration, University of Redlands

Assets Under Management:

$38 million

Fee Structure:

Fee-Based
Fee-Only

CRD Number:

4630789

Insurance License:

#OE10562

Disclaimer:

All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security investment or instrument or to participate in any particular trading strategy.

Securities and investment advisory services offered through DRM Wealth Management LLC Registered Investment Adviser.  DRM Wealth Management LLC, Trilogy Capital, TD Ameritrade, SEI and Investopedia are separate and unrelated companies.  www.financialplannerla.com

Videos
  • Fiduciary Rule and Dodd Frank Video From ABC 7 News
  • David Rae KTLA 5 News Powerball
  • Record Powerball Lottery What to do if you Win - VIDEO
  • Tax Reform and your Wallet NBC News with David Rae
All Articles
Sort By:
Most Helpful
last month
    Insurance, Taxes
August 2017
    Retirement Plans, Retirement Savings
April 2017
    Lifestage Based Planning, Pensions, Retirement, Retirement Plans, Small Business
last month
    Investing, Personal Finance
October 2016
    Choosing an Advisor, Starting Out

All Answers
Sort By:
Most Helpful
    Retirement, Senior Care
Why should I be saving for retirement when I think that money could be better used when I am younger?
100% of people found this answer helpful

I know it can't be fun when see how much money your parents on spending on nursing home charges.   What is the alternative? Do you want to care for them full time?  Or head to the cheapest nursing home money can buy?

 

Based on your question you may find some type of Hybrid Life Insurance with Long Term Care Coverage, or straight long term care insurance coverage beneficial.  You will have premiums (they won't be cheap) but it may allow you the freedom to enjoy some of your other saving now, knowing you have some of your Long Term Care cost covered with the insurance.

 

Live for Today, Plan for Tomorrow.

 

DAVID RAE, CFP®, AIF® is a Los Angeles  retirement planner with DRM Wealth Management. He has been helping people reach their financial goals for over a decade. Follow him on Facebook, or via his website www.davidraefp.com.  More info on the Best Financial Planner LA blog.

June 2017
    IRAs, Taxes, Life Insurance
Can I use Life Insurance like a Roth IRA?
100% of people found this answer helpful
June 2017
    Debt, Personal Finance
Which is the better option to pay off debt?
100% of people found this answer helpful
June 2017
    Debt, Financial Planning, IRAs
Should I invest disposable income into my Roth IRA or pay extra principal on my mortgage?
100% of people found this answer helpful
June 2017
    Personal Finance
What should I do with an unused credit card?
100% of people found this answer helpful
December 2016