AO Wealth Advisory
Financial Planner & Owner
Adam Obrecht, CFP® is the founder of AO Wealth Advisory. Adam has the Certified Financial Planner™ designation, Certified Kingdom Advisor designation, and Master of Business Administration degree with Personal Financial Planning emphasis.
Before starting AO Wealth Advisory, Adam was Manager of Investment Management Services at LWBJ Financial in West Des Moines, Iowa. For over five years Adam was Vice President at Broker Dealer Financial Services Corp. in West Des Moines, Iowa.
Professional involvement includes member of the Financial Planning Association of Iowa, Urbandale Chamber of Commerce member, and Kingdom Advisors. Adam has held leadership positions as the past president of the Financial Planning Association of Iowa and past president of the Urbandale School Board. He served as Urbandale Chamber of Commerce Board Member, Chair for the Urbandale Chamber of Commerce Governmental Affairs Committee, and Urbandale Chamber Liaison for the Urbandale Jaycees. He was president for the Urbandale Dollars for Scholars, graduate of the Polk County Citizens Academy, mayoral appointee to the Des Moines Area Metropolitan Planning Organization, member of the Polk County Economic Development Task Force, and graduate of Leadership Urbandale.
The Des Moines Business Record named Adam to its Forty under 40 Class of 2008. In 2009/2010 Adam was one of 40 professionals from around the state of Iowa that completed Leadership Iowa through the Association of Business and Industry.
Adam is a speaker to area organizations and businesses on financial planning topics and has been quoted in Des Moines area newspapers and magazines. Adam was an adjunct professor at AIB College of Businessand taught college education classes in the areas of investments and banking.
Adam was raised in the small town of Malvern, Iowa and graduated from Iowa State University with a degree in Agricultural Business. After college he was an agricultural and commercial loan officer, as well as city treasurer, in Osage, Iowa.
He resides in Urbandale, Iowa with his wife and sons.
BS, Agricultural Business, Iowa State University
MBA, Personal Finance, Indiana Weslyan University
Assets Under Management:
Advisory services offered through A.O. Wealth Advisory, LLC, a registered investment adviser.
There are many reasons this could happen.
1. The specialist took the other order first to match a corresponding order
2. The other order was on a different exchange or an internal cross that was reported to the tape
3. The other order actually happend before yours but there was a delay in reporting the trade for some reason.
There is a difference between allowed by the rules and allowed by the market. As for the rules check out the SEC website for ownership over 5% as well as talk with the companies investor relations to see if they have rules on concentrated ownership by one investor. As for allowed by the market, good luck when large (relative to the company) trades come through interesting things happen to prices. Once the trades are complete the trade price can also drop out from underneath the new investor.
Your on the right track. Any dollars that were invested are part of the basis, including dividends and capital gains. They would have been reported as taxable income in the year they paid out. The only part that may be tricky is the annual custodian fee. Each year that it was paid you presumably paid taxes on the sale of shares in those years for the fee. So those share are not owned and the liquidation of the account should take that into effect. Good luck.
The act of transferring balances should not, but opening and closing account could if you are closing an account with a longer credit history than the one you keep open. Length of credit history with an account counts along with available credit. But also remember, Credit score is not a measure of wealth, it only tells if you are paying your bills.
I like owning cars with cash to keep my monthly payments low. If you put it into a rental property, you will lower the payment a little bit but you should also have rental income to cover that payment. So, my suggestion use the $10,000 to pay for the car.