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Chris Chen

CFP®, CDFA®
Retirement, Investing, Lifestage Based Planning
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“Chris Chen CFP® helps individuals and families plan difficult life transitions such as retirement and divorce”
Firm:

Insight Financial Strategists LLC

Job Title:

Founder

Biography:

Chris Chen CFP® is a Boston, MA area fee-only financial planner serving the entire region and clients across the country.  Insight Financial Strategists provides financial planning, retirement planning, investment management, and divorce planning services to help clients organize, grow and protect their assets through life’s transitions.  As a fee-only, fiduciary, and independent financial advisor, Chris Chen is never paid a commission of any kind, and has a legal obligation to provide unbiased and trustworthy financial advice.

Chris Chen CFP®  is an experienced fiduciary, fee-only wealth manager providing unbiased financial planning and investment advice.  He helps guide executives, physicians, attorneys and retirees with wealth accumulation and preservation, retirement income planning, and family protection strategies.

He is especially adept at successfully navigating clients through challenging life transitions such as retirement income planning, and divorce financial planning. As a fee-only financial planner,  and a Registered Financial Advisor, Chris works with your own legal and tax advisers to build individual financial plans that address your unique goals, issues and constraints


Chris also helps clients with divorce coaching and post-divorce recovery, helping clients navigate the financial aspects of divorce, and resetting after the divorce into a financially successful direction.Chris earned his Bachelor’s degree in Economics from the University of Rochester and his MBA in Finance from the Univesity of Texas at Austin. He is also a CERTIFIED FINANCIAL PLANNER® practitioner, a Certified Divorce Financial Analyst, and is a trained Mediator, having completed mediation training in accordance with M.G.L. ch.233 § 23C

Schedule a strategy session with Chris.

Chris invites you to sign up to start your own financial plan for free at po.st/financialplan

Fee Structure:

fee only

All Articles
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December 2018
    Personal Finance, Financial Planning, Retirement Plans, Tax Deductions / Credits
April 2018
    IRAs, Retirement Plans
October 2017
    Asset Allocation, Investing
August 2017
    Marriage / Divorce, Retirement Plans, Women & Money
June 2017

All Answers
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    Small Business, Small Business Financing
What are some of the disadvantages to taking venture capital?
100% of people found this answer helpful

Venture capitalists provide funding to startup companies, typically technology companies, almost always companies that have a strong growth potential.  On the positive side getting financing from a VC firm means that you can be in business.  So what are the disadvantages?

  1. It's expensive

VCs will take a large equity position in the company that they invest in. Right off the bat, as an entrepreneur you will have given away a lot of your equity.  As the entrepreneur goes through additional rounds of funding, his or her stake will continue to get diluted. It will not be long before the VC owns more of the company than the entrepreneur

  2. Loss of control

The financing will come with many strings.  One of them is making decisions on almost everything that is not product related.  The VC can enforce that by taking a majority of the seats on the board of directors, and by appointing key personnel to your company including the CEO, the CFO, and even the CTO.  Often these outside hires will bring in critical skills that the original team may not have had.  However the balance of power is definitely tilted to the VC. Oh, and each of these people get to have an equity stake in your company.

  3. You will be the last to be paid

The term sheets from the VC will specify how the VC and the entrepreneur get paid. The VC gets paid for his time and advice all along the way through dividends, while the entrepreneur will usually collect a salary. 

When the company reaches its exit point (ie it gets sold or it goes public), everyone looks forward to getting paid. For runaway successes, there is enough to go around.

In the likely case that the company does not become a runaway success, the VC will get paid first as per the term sheets. If there is money leftover, the entrepreneur will then get paid.

VCs perform an essential function of funding startup companies. They are high risk investments, and as such they should bring a high return. Clearly VCs should get paid for the risks that they take and the know-how that they contribute.

However, for entrepreneurs who have other sources of funding, it is worth pondering the disadvantages of VCs.

November 2016
    Real Estate
What is the most cost effective way to get my mother's mortgage in my name so that I can use my high credit scores to refinance the property, which is currently "under water?" 
100% of people found this answer helpful
March 2018
    Estate Planning, IRAs, Taxes
If I inherit an IRA before the age of 59.5, can I have it sent directly to my own IRA?
100% of people found this answer helpful
October 2018
    Retirement Plans
How does a defined benefit pension plan differ from a defined contribution plan?
81% of people found this answer helpful
November 2016
    Banking
What's the difference between a collateralized mortgage obligation (CMO) and a mortgage-backed security (MBS)?
74% of people found this answer helpful
October 2017