Kirk Chisholm

Wealth Manager, Series 65
Personal Finance, Retirement, Investing
“Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group. His roles at IAG are Co-Chair of the Investment Committee and Head of the Traditional Investment Risk Management Group. His background and areas of focus are portfolio management and investment analysis in both the traditional and alternative investment markets.”

Innovative Advisory Group

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Kirk has been providing wealth management services to individuals, executives, entrepreneurs, and their families, as well as businesses and organizations since 1999. He works with clients to advise them on financial planning, risk management, and portfolio management. He is also an expert at using a self-directed IRA or self-directed 401K to invest in alternative investments. He particularly specializes in alternative investments such as: real estate, precious metals (gold & silver), tax liens, horses, franchises, private company stock, start-ups, intellectual property and more. Kirk is dedicated to developing lasting relationships with all of his clients. 


BA, Economics, Trinity College

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April 2017
    Financial Planning, Real Estate
September 2016
    Real Estate
July 2016
    Personal Finance, Real Estate
September 2016
January 2017

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    Investing, ETFs, Mutual Funds
What is the difference between exchange traded funds (ETFs) and closed end funds?
64% of people found this answer helpful

For most investors the difference is minor. However, for astute investors, it could provide some great opportunities.

ETFs are effectively entities (most commonly trusts) that hold shares of different securities (stocks, bonds, and other ETFs) in that entity. This "pool" of securities is what ETF investors own. The sponsoring institution (e.g. Blackrock) creates shares of the ETF to allow investors to buy into this pool of securities. The sponsoring entity must buy enough of the securities in the ETF to accommodate new investors into the ETF. If it is done properly, the ETF should not have a premium or discount to NAV attached to it. This means that if every share of the ETF were to be liquidated every investor would get exactly what the current value is. ETFs tend to be more liquid due to this creation of shares.

CEFs (closed-end funds) are different. CEFs are similar to mutual funds except that there are only a limited amount of share outstanding (mutual funds create more shares of the fund in a similar manner to ETFs). New shares are not created when investors purchase them. Based on investor demand, this could create a premium over NAV or a discount to NAV. For astute investors, this can create a great opportunity to buy assets at a discount. Due to the limited number of shares outstanding, CEFs can be less liquid.

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August 2016
    Social Security
Is it better to start SS benefits at 62 or 66?
60% of people found this answer helpful
April 2016
    Financial Planning, Retirement, Investing, Asset Allocation
Where should I hold my cash for safety?
59% of people found this answer helpful
March 2016
    Investing, Asset Allocation, Stocks
Are high risk stocks still a good option for young investors?
59% of people found this answer helpful
March 2016
    Investing, Stocks
What is the best investing strategy for a 20 year old?
57% of people found this answer helpful
July 2016