Dan Stewart

CFA®
Personal Finance, Retirement, Investing
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“With over 20 years of experience in the financial services industry, Daniel Stewart helps his clients achieve their investment goals by providing actionable, non-biased research and advisory services.”
Firm:

Revere Asset Management

Job Title:

President & CIO

Biography:

Daniel Stewart is President & CIO of Revere Asset Management and has been providing financial services and portfolio management for over twenty years.  Revere Asset is a Fee Based RIA which Always Acts as a Fiduciary in the Best Interest of its Clients.  Prior to joining Revere Asset Management, Dan advised on investment portfolios exceeding $200M. He is also well versed in comprehensive planning including corporate, individual, and estate planning.

Dan joined the NorAm Capital team in 2010 to create and manage their Private Wealth Management firm. This eventually led Dan to buy the business and rename it Revere Asset Management. He graduated from The University of Texas at San Antonio with concentrations in Finance and Accounting. Dan has passed the CPA Examination on the first attempt and subsequently earned his CFA® Charter (Chartered Financial Analyst).

Dan, a native of San Antonio, Texas, is married with 3 children. Dan played NCAA tennis on a full scholarship at Vanderbilt University. He played professional tennis on the United States and European circuit and was then the Head Tennis Professional at both the Retama Polo & Tennis Club and Thousand Oaks Indoor/Outdoor Racquet Club, in San Antonio, Texas.  

Education:

Chartered Financial Analyst (CFA®), BBA in Accounting

Assets Under Management:

$30 million

Fee Structure:

Fee Based Only - Fiduciary with No Conflicts of Interest

CRD Number:

2649504

Insurance License:

#Yes Primarily Term

Disclaimer:

No information presented constitutes a recommendation by Revere Asset Management, to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities by Revere Asset Management. Revere Asset Management does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

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    401(k), IRAs, Retirement Savings
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    Stocks, Small Business Financing
Can a Business LLC own stocks?
100% of people found this answer helpful

An LLC taxed as a "C" Corporation gets preferential treatment and a lower tax rate on the first $50K of income at 15%, and then 25% the next $25K.  Additionally, if the company invests in dividend paying stocks, the company gets what is known as a Dividend Received Deduction, or DRD, where they can write off 70%-80% of the dividend completely. So, to the extent you are going to own dividend paying stocks, there can be a benefit and you can accumulate funds inside your LLC to let it compound. The trick is getting it out of the corporation later to you with the least amount of tax. 

One note though, as you accumulate monies inside the LLC though, make sure the monies are "appropriated" for some (possible) future use, whether you actually do or not is okay. It just needs to be earmarked and documented for something like expansion, new building, etc. This is can be easily done with corporate minutes. You just don't want "unappropriated," retained earnings inside the company over $250K, or $150K if Professional LLC, as they will deem you a holding company and add a penalty tax of 30%. This is a complicated question and you need to seek someone with a strong accounting background in this area for advice. This is not your typical financial planner question, but dives into numerous tax law questions. And more often than not, the trouble and hassle isn't worth the tax savings for just the difference in tax rates. It can be worth it if you consistently and continuously do it so the compounding takes effect. One last thing, if you have no or very few employees, you should consider a retirement plan. There are some that will allow you to make very large contributions if you are trying to shelter large amounts of income. Best of luck!

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    Stocks, Charity
Can I donate stock to charity?
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    Financial Planning, Annuities
Do I have to be employed to roll over part of my lump sum distribution to a traditional IRA?
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    Career / Compensation, 401(k)
Why was my 401(k) frozen and what can I do?
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