James D. Kinney

CFP
Personal Finance, Retirement, Investing
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151
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“Jim is a firm believer that sound financial planning, when done with proper due diligence and a fiduciary standard of care, can improve lives, reduce stress, avoid pitfalls, and help clients achieve their most important goals. As a fee only advisor, he only provides "client-goal-centered” advice and does not accept commissions for the sale of financial products or insurance. ”
Firm:

Financial Pathway Advisors, LLC

Job Title:

Owner

Biography:

James Kinney is the founder and owner of Financial Pathway Advisors of Bridgewater New Jersey (Somerset County).  Financial Pathways also has a branch office in Flanders (Mount Olive), serving Sussex, Warren, and Western Morris counties. 

Jim is a Certified Financial Planner and a NAPFA registered fee only financial advisor. Fee only advisors are committed to maintaining a compensation model that eliminates the potential conflicts of interest which may result when parties other than the client are paying for advice. Fee only advisors are not permitted to accept commissions, referral payments, or any other form of compensation from investment firms, insurance companies, or other professionals.

Jim is a strong believer in the power of financial planning, when done with the clients’ best interests in mind, to improve lives, reduce stress, and achieve goals. Both Jim and Luba have analytical backgrounds (both have spent time working in IT, as well as business and finance), which are demonstrated in the care and attention they pay to even the smallest detail in their clients’ financial plans. 

In addition to retirement planning and investing, Jim has specialized training in planning for college, while his partner, Luba works with many single and divorced women on financial planning issues. 

Jim believes that investment risk management should be at the core of every financial plan. Again, his analytical approach is on display as the firm carefully creates, for each client, portfolios that are optimally diversified to balance investment risk vs. the need for positive returns. There are no cookie cutter investment solutions at Financial Pathways. Each client’s investment recommendations are unique and based on his or her carefully considered financial plan.

Jim lives in Califon New Jersey with his wife Laura. They have four adult and college age children. Jim earned his bachelors degree in Business Administration from Drexel University in 1984, his MBA from Fairleigh Dickinson University in 1990. Prior to beginning his current career, Jim had been a successful entrepreneur, founding and growing a successful international manufacturing and data management company from 1990 to 2003. He started his financial planning career in 2004, founded Financial Pathways in 2007, and earned his CFP® certification in 2008. Luba Globerman joined his practice in 2009. Jim is a member of the Financial Planning Association (FPA) as well as the National Association of Personal Financial Advisors (NAPFA).  He has been an active adult leader in the Boy Scouts of America for 18 years, and enjoys camping, hiking, fly fishing, running and the outdoors.   

Education:

BS, Business Administration, Drexel University
MBA, Fairleigh Dickenson University

Assets Under Management:

$40 million

Fee Structure:

Fee-Only
Hourly
Project-Based
Asset-Based

CRD Number:

4906584

Disclaimer:

Financial Pathway Advisors is a Registered Investment Advisor in the State of New Jersey. Advisory services are offered only to residents of the State of New Jersey, except as permitted by applicable state and federal securities regulations.

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December 2017
    Investing, Stocks
June 2017
    Retirement Savings, Retirement Living, Retirement
September 2017
    College Tuition, Debt

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    Estate Planning, Investing
Is it a good idea to have a brokerage manage my investments, and if so, how do I find a firm to do it for me?
100% of people found this answer helpful

Fees are not really insignificant - they can add up.  What is important to measure is what will you get for the fees you pay in terms of service, and also to consider investment philosophy.  

As an example, many brokerage firms will take your money, charge you a substantial fee to buy and sell investments, and that is about all.  

Other firms - in my experience typically independent financial planners - will provide a similar service at a similar fee - but will also include detailed financial planning and non investment financial advice.   

Furhtermore, some brokers will charge you a fee for investment management - and then build into your portfolio products that pay a commission as well. Just my opinion, some will object - I think if you pay someone to manage your investments they should a) put your interests first above their own - i.e. be a fiduciary and b) should be seeking out the very best (often but not always lowest cost) investments on your behalf, rather than choosing investments that will enhance their own income.  

I would agree that the fee is worthwhile to the extent you don't have time, interest, or patience to really learn about how to be a good investor.  (hint:  it has more to do with what you DON"T do (panic when the market falls, trade frequently, make emotional decisions, etc.)  

Consider looking beyond the brokerage channel and consider finding a fee only financial planner and compare levels of service, fees, and approaches.   You can find fee only financial planner near you on www.napfa.org. 

 

October 2018
    Financial Planning, Retirement, Retirement Savings, 401(k), IRAs, Retirement Plans
I have a 401(k) with my new employer; should I roll my traditional IRA into my new 401(k) account?
100% of people found this answer helpful
June 2018
    Debt, Taxes
What is my tax liability of a $50,000 loan repayment award?
100% of people found this answer helpful
September 2018
    Financial Planning, Pensions, Investing, IRAs, Taxes
What should I do with my Roth IRA while I move to Germany for 5-8 years?
100% of people found this answer helpful
July 2018
    Asset Allocation, Bonds / Fixed Income, Stocks, Starting Out
Is it too early to start a portfolio for my one-year-old child, and would it be better to start off with a stock or a bond?
100% of people found this answer helpful
June 2018