Haydel Biel & Associates
A 16-year veteran of the financial services industry, Ricky is responsible for directing the growth, vision, strategy and alternative investment offering for HBA Wealth.
While it was a Christmas without presents as a 12-year old that first attracted Ricky to the idea of being firmly in control of his financial life, a passion to bring new financial technologies to clients keeps him engaged in the Firm’s evolution. He relishes the opportunity to help clients understand and feel good about their financial futures.
After an initial stint as an assistant branch manager with Wells Fargo, Ricky gained his CRPC (Chartered Retirement Planning Counselor) designation and considerable experience working with accredited investors and alternative investments including hedge funds, commercial real estate, private equity and energy-related investments as an advisor with American Express Financial Advisors (now called Ameriprise). In 2004, he and business partner Chris Haydel left Ameriprise to found HBA Wealth.
Ricky is active in the Pasadena community, arranging opportunities for HBA Wealth to support the efforts of charities such as the UNCF (United Negro College Fund), Academy of Special Dreams, Union Station Homeless Services, Ronald McDonald House and Children of the Night. When he’s not working or volunteering, you can usually find Ricky doing something active. He enjoys traveling, kickboxing, swimming, riding his bike, hiking, flying, and dancing with friends and family as well as the occasional relaxing evening at home.
Introduction - Ricky Biel
Planning Process - Ricky Biel
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You can expect a financial adviser to charge you a fee for helping you manage your investments and a fee for comprehensive financial planning. Not all advisors offer both services. Fees can vary per advisor and depending on assets under management. A typical range can be 0.50% - 2%. The financial planning fees that advisors charge clients can range from $1,500-$10,000 or more depending on complexity.
Central Banks attempt to move inflation. The last several year’s interest rates have been low in an effort to keep a certain level of demand from the consumer. The Fed would have hoped for more demand therefore creating a plausible reason for them to raise interest rates. We have not seen that. The Fed can also devalue the currency/purchasing power by printing money as they have done with QE 1, 2 and 3 resulting in lower interest rates. Inflation is tied to long term interest rates and ultimately the free market still decides what is or isn’t sustainable. We have very little inflation today even with the Fed raising interest rates slowly. Hopefully this makes sense.
Depends on what kind of disability you’re referring to. If you’re referring to California State Disability, it could last up to 1 year. If you’re referring to a group disability policy for short term coverage it could last for 90 days depending on the group policy. For long term disability it could last 6 months, 1 year, 5 years and up to age 65. The best thing to do is look through your group benefits package for specific details.
Yes, your wife would be eligible for a spousal benefit. However, there are certain rules and requirements that you must meet before your wife can collect. For example some of the requirements that must be met are that you must be married at least one year, you must be at least 62 years of age and you (husband) must have filed for your own benefits including a “file and suspend” strategy.
The interest earned in a savings account is considered taxable income even if you do not withdrawal the interest.