David Rae

CFP®, AIF®
Retirement, Small Business, Lifestage Based Planning
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459
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18
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“David Rae, Wealth Manager and Fiduciary Financial Planner, is committed to using his knowledge of financial planning and investing towards making dollars and sense for people across America for over a decade.”
Firm:

DRM Wealth Management, LLC

Job Title:

President Founder - Financial Planner

Biography:

David Rae is the independent LA CFP®, AIF® to Lead Your Financial Team.  We believe everyone can retire earlier and with more money than they ever thought possible.

For a Free Copy of David Rae's Financial Book visit http://www.financialplannerla.com/torrance/

David Rae, Certified Financial Planner®, Accredited Investment Fiduciary® and Wealth Manager positions his clients for prosperity.

Name one of the "100 Most Influential Financial Advisors" by Investopedia. 

“Once you get your financial house in order,” he says, “It’s a lot easier for everything else­–personal life, professional life, family life and recreational life–to fall into place too.”  

Working with a wide diversity of clients for well over a decade, he has built a successful career developing comprehensive financial plans to meet life goals, retirement, tax planning, estate issues, portfolio revision, life insurance, portfolio management, business exit strategies and more. While based in Los Angeles, he serves clients across the country. At the same time, he enjoys a solid reputation as a smart, go-to financial guy for both mainstream and LGBT print, broadcast and online media.

Early days

David grew up Irvine, California. His father Mike Rae retired from a career as an NFL quarterback (USC, Raiders, Redskins, Buccaneers) while he was still in elementary school. This gave him a front row seat to retirement planning and money manners early on. His mother, Terri, was something of a financial genius who ran a tight ship, planned carefully, got the most bang for the buck and successfully avoided the financial traps that often snare former athletes and their families.

At the University of Redlands, David majored in Business and Musical Theatre, earning full-ride scholarships in both disciplines. A year studying abroad in Vienna, Austria – in addition to consistent and considerable amounts of world travel that he keeps up to this day – engendered a dimensional world view about peoples and cultures.

Life in finance

Financial planning has proven an excellent fit for fully engages David’s considerable math, social and communication skills. He began in 2003 as a Financial Advisor and hit the ground running. After completing the CFP’s rigorous two-year preparation program, in 2006 he passed the two-day CFP exam (the financial industry’s equivalent of the bar exam) with flying colors, earning him his professional certification. He achieved his Accredited Investment Fiduciary certification in 2015.  He became President of DRM Wealth Management in 2017.  This independent RIA specializes in helping the friends on the LGBT community reach their financial goals.

In addition to building his own business, David has always been active in helping others build their businesses as well. In 2004, he founded the Beverly Hills Breakfast Club chapter of BNI, an international networking group, which has grown today into the largest and wealthiest chapter in Southern California.  He was also named an "Adviser with Heart" by Wealth Management Magazine.

“There’s a significant lack of financial literacy in the general population,” David reports, “Even among those who are very bright. This may be related to being phobic about math since so much about money is really about math too. My function is to translate what may seem to be overwhelming and confusing concepts and programs into something clear, understandable and attainable. Essentially it’s pretty simple. You have a dream or life goal? Great, let’s sit down together, plan a workable strategy on how to finance it and make it a reality.”

Media matters

David Rae is the go to Financial Expert for the media. He has been seen, quoted and published in many national publications including Today Show  Nightline, ABC News, CBS News, Fox News, NBC News,  KTLA News, KCAL 9 News, Time Magazine, MSN Money, Men’s Health, NBC News, US News & World Report, Yahoo News and 401(K) Specialist Magazine  and many more. He blogs weekly on financial issues for The Huffington Post where he is noted for his trenchant observations and spot-on wit. He is also a regular contributor to The Advocate Magazine and Investopedia blogs.  David recently became a Personal Finance Contributor for Forbes.com. He also has his own personal finance blog Financial Planner LA

Personal life

David has completed the 545 mile Aids Lifecycle bicycle ride from San Francisco to Los Angeles for seven years in a row becoming not only a top fundraiser personally but heading a team that raised over a million dollars for the organization. A longtime and enthusiastic resident of West Hollywood, he lives with his husband Ryne Meadors and their two chihuahuas.

More visit his Financial Planning Site at www.davidraefp.com

or the top rated Financial Planner Los Angeles blog.

 

 

Education:

BA, Business Adminstration, University of Redlands

Assets Under Management:

$40 million

Fee Structure:

Fee-Based
Fee-Only

CRD Number:

4630789

Insurance License:

#OE10562

Disclaimer:

All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security investment or instrument or to participate in any particular trading strategy.

Securities and investment advisory services offered through DRM Wealth Management LLC Registered Investment Adviser.  DRM Wealth Management LLC, TD Ameritrade, SEI and Investopedia are separate and unrelated companies.  www.financialplannerla.com

Videos
  • Fiduciary Rule and Dodd Frank Video From ABC 7 News
  • Record Powerball Lottery What to do if you Win - VIDEO
  • Tax Reform and your Wallet NBC News with David Rae
  • How to get a Friend to Pay You Back KTLA Video
All Articles
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Most Helpful
August 2018
    Retirement Savings
January 2018
    Choosing an Advisor, Financial Planning
December 2017
    401(k), IRAs, Retirement, Retirement Plans, Retirement Savings, Small Business
October 2017
    Investing, Stocks
September 2017
    Insurance, Taxes

All Answers
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Most Helpful
    Annuities
What happens to my annuity after I die?
100% of people found this answer helpful

Ultimately this depends on what type of annuity you have and if you have already "annuitized" it.

 

If you are still in the accumulation phase of life, or are just taking withdrawals from the policy as you need them your beneficiary would receive the proceeds from the policy.

 

If on the other hand you have "annuitized" the policy.(turned it into a guaranteed income streem for the rest of your life) if you pass away the payments will normally stop and that is the end of it.   

 

There are exceptions to these two scenarios if your policy has additional death benefits or other living benefits.  OR if when you annuitized you selected a joint life payment, or some period certain.

 

For more specific info sit down with a Fee Only Fiduciary Financial Planner to review you annuity and it specific options.

 

Live for Today, Plan for Tomorrow.

 

DAVID RAE, CFP®, AIF® is a Los Angeles-based  fiduciary financial planner with DRM Wealth Management, a regular contributor to Advocate MagazineHuffington Post Queer VoicesInvestopedia not to mention numerous TV appearances.  He helps smart people across the USA get on track for their financial goals.  For more information visit his website at www.davidraefp.com or the Fiduciary Financial Planner LA Blog

 

June 2017
    Marriage / Divorce, Retirement, Pensions, Taxes, Insurance
Considering federal tax consequences, is it more advantageous for my partner and I to get married or stay single?
100% of people found this answer helpful
April 2018
    Mutual Funds
Is a front load of 4.5 percent a normal percentage when purchasing mutual funds?
100% of people found this answer helpful
April 2018
    Investing, IRAs, Taxes, Tax Deductions / Credits
Are investment fees for my IRA tax deductible?
100% of people found this answer helpful
April 2018
    Retirement, IRAs
Should I fund my wife's Roth IRA account with withdrawals from my Roth IRA?
100% of people found this answer helpful
April 2018