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Mike Palmer

CFP®
Personal Finance, Retirement, Investing
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“Mike Palmer, founder and owner of Ark Royal Wealth Management, works with clients to prioritize their goals; empower them to define financial success on their terms; and partner with them to achieve what’s most important.”
Firm:

Ark Royal Wealth Management

Job Title:

Managing Principal

Biography:

Mike Palmer has over 25 years experience in the trust and financial advisory business. His career includes financial advisory and senior management positions at Central Carolina Bank, First Union National Bank and Trust Company of the South. Mike is a graduate of Broughton High School and the University of North Carolina at Chapel Hill and is a CERTIFIED FINANCIAL PLANNER™ professional.

Mike was a founding member of the Dimensional Fund Advisors National Study Group (DFA NSG), comprised of ten advisors from several of the country’s leading independent Registered Investment Advisory firms. His civic involvement includes membership on the Administrative Board of his church, the UNC Educational Foundation’s Planned Giving Council and the Lacy Foundation Board. His past service includes serving on the boards of North Carolina Amateur Sports and the Raleigh Capitals Athletic Association.

Mike is an active member in several professional organizations including the National Association of Personal Financial Advisors (NAPFA) and the Wake County Estate Planning Council. In 2006 he was one of ten advisors from across the nation to be selected to serve on TIAA-CREF’s Board of Financial Advisors.

Mike is a frequent writer and speaker, having articles published on financial planning and investing. He has been quoted on a variety of financial planning topics by national publications including Investment News, The Wall Street Journal, Bloomberg Wealth Manager and SmartMoney. Mike and his wife, Meredith, have four children. He has coached youth baseball and basketball and enjoyed a decade long career as a Division I basketball referee.

Assets Under Management:

$54 million

Fee Structure:

fee only

CRD Number:

6408843

Videos
  • Raleigh NC Financial Planner – Ark Royal Wealth Management
  • Do You Find Personal Finance Puzzling? We Can Help
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May 2017
    Asset Allocation, Investing
June 2017
    Investing

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    Real Estate
Does it make more sense to sell my commercial properties or keep earning monthly income off of them?
100% of people found this answer helpful

There's much to consider in this decision. How is your 25% owned? What are your income needs currently and in the future? What is the cost basis in the property? Will the properties require any capital improvements or significant maintenance expense in the coming years? What percentage of your total net worth does your interest in the commercial properites represent? In and of itself, having income producing real estate of this type is a good portfolio diversifier. It's hard to give specific guidance without knowing more about your situation. One observation: keeping any investment solely for sentimental reasons isn't a smart strategy. Neither the building nor the market care one iota about your loyalty or sentiment.    

February 2019
    Asset Allocation
How much gold should I have allocated in my portfolio?
75% of people found this answer helpful
May 2017
    Retirement, Taxes
Is it possible to pay no income tax in retirement?
0% of people found this answer helpful
November 2016
    Marriage / Divorce, 401(k), IRAs
Can I take a 401(k) early withdrawal at age 55 without a 10 percent penalty fee?
0% of people found this answer helpful
last month
    Estate Planning, Taxes, Tax Deductions / Credits
Should I make a charitable donation to lower my tax liability?
April 2019