Peter J. Creedon

CFP®, ChFC®, CLU®
Personal Finance, Investing, Insurance
97%
Helpful
69
Answers
12
Articles
221
Followers
“With over 18 years of experience in the financial industry, Peter J. Creedon incorporates today’s advanced technology tools with industry experience to give his clients the best opportunity of reaching their financial goals.”
Firm:

Crystal Brook Advisors

Job Title:

CEO

Biography:

Peter is the founder of Crystal Brook Advisors. With over 18 years of professional experience in the financial planning and investing industry, Peter has successfully educated young professionals, entrepreneurs and advanced investors reach their financial planning and investing goals. As an educator, Peter encourages clients to ask questions. He will provide an understandable answer for each client's specific financial planning and investing needs.

Crystal Brook Advisors are committed to designing, developing, and implementing a broad range of investment advisory solutions which include comprehensive financial plans and investing programs with an established practice of high ethical and fiduciary standard, transparency, and expertise. Whether you’re a short or long-term horizon investor, we can help you or your business with the products and services that meet your specific financial planning and investing need.

Peter’s team provides expert advice by combining research with effective technology tools, bridging tradition and contemporary financial planning and investment management solutions.

Peter is a licensed Certified Financial Planner™ (CFP), Chartered Financial Consultant (ChFC), and Chartered Life Underwriter (CLU).

Peter holds two Bachelors of Science and a Master’s Degree. Prior to Crystal Brook Advisors, Peter was a Branch Manager and Financial Advisor at American Express Advisors.

Peter teaches Financial Planning and Business planning at the American College.

Peter has been published in various media channels: CNBC, Fortune Magazine, Investopedia, to name a few.

Education:

BS, Business Administration, Alfred University
BS, Health Care Administration, Alfred University
MPS, Health Care Administration, Long Island University

Fee Structure:

Fee-Based
Asset-Based
Commission

CRD Number:

2951761

Insurance License:

#LA-865096

Disclaimer:

Crystal Brook Advisors is a Registered Investment Advisor in the State of New York. Security Investments are not FDIC insured. Security Investments are not Bank guaranteed. Investing in securities involves risks, a potential of losing money when investing in securities. Before investing, review your investment objectives and Crystal Brook Advisors charges and expenses. Investments past performance does not guarantee future results. Visitors using CrystalBrookAdvisors.com website agree to accept our Terms + Conditions and Privacy Policy.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

All Articles
Sort By:
Most Helpful
2 weeks ago
September 2017
August 2017
August 2017
July 2017

All Answers
Sort By:
Most Helpful
    ETFs
How do I determine the expense ratio of an ETF?
89% of people found this answer helpful

There are/ can be several fees associated with an ETF purchase. The transaction costs can vary on where you purchase the ETF through, such as direct, discount broker or broker. ETFs look like a mutual fund, but most trade like stocks. Understand the difference and most costs will become clearer. You can roughly break costs into 2 major categories, ETF company management costs and broker transaction costs. 

An expense ratio reflects the cost of managing and operating the Exchange Traded Fund (ETF) by the company that offers/ manages the product (Vanguard, I Shares etc.). It is usually one of the costs associated with an ETF. The expense ratio is the behind the scenes cost usually expressed in bps (basis points) or percentage form. 100 bps equals 1%. The cost is an annualized cost and is usually deducted by the managing company before you earn your return. As an example, a S&P 500 ETF with an expense ration of 7 bps is $7 per $1,000. The expense ratio is outlined in the funds prospectus with examples and on the offering companies web site.

Most other fees deal with the place you buy the ETF through (broker/ dealer) are transaction costs. Costs/ fees you may be liable for include: a trading commission or a cost to buy or sell the ETF. This cost can vary depending on the custodian/ broker dealer channel you buy it through. If you use one of the discount brokers, like Schwab, Vanguard or Fidelity, there are a number of products including many ETF's you can buy or sell without a commission. The trading costs can vary from broker to broker so select your broker dealer carefully after reviewing all their costs. There may be an additional fee when selling the ETF. These may vary depending on the channel you use for the transaction.

There can also be miscellaneous costs such as: "an SEC or handling costs" that will also vary with the broker dealer you select.

Your question is a good one, but I suggest doing additional reading/research to learn all the different costs and risks associated with Exchange Traded Funds (ETFs) as well as how they are made up (the ETF). Expense ratio costs are only part of the picture. Other important considerations include: liquidity, leverage, other transaction fees and tax costs to name a few. Space prohibits fully answering your question. A good place to start in figuring and understanding the true cost, is divide the costs between the issuing company and the broker dealer transactional fees.

September 2016
    Insurance, End of Life
Should I boost a death benefit to convert the cash value of a life insurance policy?
89% of people found this answer helpful
September 2016
    401(k)
Does my employer's matching contribution count towards the maximum I can contribute to my 401(k) plan?
87% of people found this answer helpful
October 2016
    Stocks
I'm new to this. Can I sell or buy stock by myself?
86% of people found this answer helpful
September 2016
    Stocks
What happens to my common stock in a Chapter 11 buyout?
85% of people found this answer helpful
August 2016