PRISM Financial Strategies
Who We Are
Jeff Engelman, CFP® is an independent financial planner committed to helping his clients pursue long-term financial success. In September 2000, Jeff entered the investment industry by participating in a full time college internship program with Highland Financial Group, Inc. He graduated from the University of Nebraska at Kearney with a Bachelor of Science degree in Business Administration with an emphasis in Finance in May 2001. In addition to his education and experience, Mr. Engelman currently holds CERTIFIED FINANCIAL PLANNER™ designation.
Born and raised in Diller, Nebraska, Mr. Engelman learned the Midwestern values of hard work, responsibility and integrity. He now resides in Denver, Colorado with his wife and three children. Outside of work, Jeff enjoys spending time with his family and friends as well as watching sporting events. The Engelman’s are members of Good Shepherd Catholic Church.
What We Do
One of the most important components of a successful financial relationship is truly understanding who you are. To do this, we must first determine where you are today and learn about where you would ultimately like to be financially. Together we will create a financial plan that addresses all aspects of your financial well-being. Utilizing a disciplined approach, we will develop a cohesive strategy to meet your goals and needs. Once implemented, we will chart the on-going progress of achieving your goals and communicate that to you on a regular basis.
Your portfolio will be designed specifically for your unique objectives, risk assessment and time horizon. Many of our clients have different buckets of money earmarked for their various goals which we’ll independently manage. We will keep you abreast of economic and investment trends that may affect your portfolio and will actively make changes as the opportunities present themselves. Our duty is to help you avoid the common pitfalls of investing so you can stay focused on your financial objectives and remain committed to the established long-term financial plan.
Who We Help
Small Business Owners
The needs of each business owner are unique. Delegate your business and personal financial matters to us so you can focus on what you do best. Allow us work hard for you so you can spend time doing the things you enjoy.
Individuals and Families
You have some of the most important financial decisions ahead of you. Whether you are a member of Generation X in the middle of your career or a Baby Boomer planning your retirement, let us help you plan the way to attempt to successfully reach your specific financial goals.
BS, Finance, University of Nebraska at Kearney
Assets Under Management:
What is your risk tolerance, time horizon, and income need (now and in the future)? Do you anticipate any large expenses such as paying for a child/granchild college, a second home, etc.? Are you protected for unexpected events such as a long-term care need? These are just a few of the items that need to be determined before even thinking about making a recommendation.
While one might be able to make a case for it, most likely a variable annuity is not the best solution for you. It probably makes sense to diversify by adding in some other asset classes such as equities even if you are a conservative investor as studies have shown that an all fixed income portfolio has been considered to have a lower risk/reward profile than that of one that has some equity exposure. Since you are questioning whether or not this recommendation by the Financial Advisor is appropropriate or not, I would meet with a Certififed Financial Planner acting in a fiduciary capacity which you can find one near you by visiting http://www.letsmakeaplan.org/.
This is very hard to give advice based on this limited information. "Risk Averse" means one thing to one person and something else to the (commonly spouses have different views on this as well). That being said, I think it's important for you to determine your willingness to take risk and your overall goals; and based on those things implement a plan that gives you the greatest probability of success. In addition to getting your retirement funds inline with your willingness to take risk and designed to acheive the rate of return needed to meet your goals; it is important to look at other factors that can derail your plan such as a recession/bear market in stocks, long-term care event, etc. I would suggest you contact a Certified Financial Planner (CFP) professional and ask for a complimentary review of your situation. You can find a CFP near you by visiting http://www.letsmakeaplan.org/.
Mutual Funds will report their performance net of the the internal Expense Ratio. In your example, the net performance woudl be 2.23% annualized over the past 3 years. Third party companies like Morningstar, Lipper, etc. will have rearch on Mutual Funds that you can review to see if this performance is inline with the benchark it's measued against for a similar mix of stocks, bonds, and other asset classes. Keep in mind that 3 year past peformance should not be a determining factor in whether or not this is a good investment choice. It is prudent to look at a longer-term track record of the investment to guage against the benchmark as well as who it did in various market envioroments. As important is taking into consideration what the future outlook of the investment option might be based on market and economic expectations and how the Mutual Fund has performed in a similar environment. Remember the percentage return is only one factor to look at, certainly also be aware of the risk level of the fund (if two funds have same return but one has acheived that with lower risk that one is likely the better choice all things else beign equal). I would suggest you contact a Certified Financial Planner (CFP) professional and ask for a complimentary review of your situation. You can find a CFP near you by visiting http://www.letsmakeaplan.org/.