Allan Katz

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“As the Owner and Founder of Comprehensive Wealth Management Group, LLC, Allan Katz utilizes his 25 years of expertise to help his clients experience a meaningful and purpose-driven financial future.”
Firm:

Comprehensive Wealth Management Group, LLC

Job Title:

Owner and Founder

Biography:

Allan Katz strongly believes that his main focus is to help clients discover and work toward their financial goals. As a Certified Financial Planner (CFP®) and completely independent financial advisor, Allan takes a fiduciary perspective to all of his work with his clients.

Allan has been licensed for over 25 years and has owned his own practice, Comprehensive Wealth Management Group, LLC, for over 14 years and counting. Before beginning his own firm, Allan worked at as a Financial Advisor for the United Nations Federal Credit Union as an investment advisor. After a few disagreements with management regarding how to best help clients work toward their financial goals, Allan realized that it was time to go independent. To this day, Allan views this as one of the best decisions he has made in his career.

Allan’s specialties include college financial aid planning, retirement, estate planning, and Medicare planning. His firm is committed to utilizing all of their resources, education, and hard work to help clients work towards their goals. Each client and family is treated individually, as his firm believes that tailoring each plan is crucial to preserving wealth.

Upon receiving his Bachelor of Arts of Arts Degree in Economics from the State University of NY at Binghamton, Allan commenced his rewarding and challenging career in the Financial Services Industry. His career path has helped him to build a base of education, knowledge and experience that enables him to guide clients through the complex financial world and empower them to achieve their financial goals.

Allan is a dedicated Financial Planning Association (FPA) member and is keen on providing pro-bono planning and engaging in speaking opportunities on behalf of the FPA.  He is also dedicated to giving back to his community and is currently a member of the Board of Managers of the Staten Island YMCA and President of the Board of Directors of the Staten Island Alzheimer’s and Dementia Foundation, just to name a few of his charitable endeavors.

Allan's office is located at 243 Main Street Staten Island, NY 10307.

Education:

BA, Economics, SUNY Binghamton
BA, Economics, NYU

CRD Number:

2166004

Disclaimer:

Securities and Investment Advisory Services offered through Royal Alliance Associates, Inc., Member FINRA/SIPC. Financial Planning Offered through Comprehensive Wealth Management Group, LLC., a Registered Investment Advisor and Separate from Royal Alliance Associates, Inc.

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All Answers
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Annuities are not a short term investment in most cases.  Fixed annuities can be a good compliment to the fixed income portion of your portfolio, but there is usually quite a bit of fine print.  Very often the rate you are shown by your agent is a teaser rate and only lasts for a shorter duration then the surrender period of the contract.  You need to know how long the rate lasts and how long the surrender period is. For instance, you mention a 4 year annuity.  Does that mean 4 years of that guaranteed rate or 4 years of surrender charges?  You may be guaranteed that rate for only 1 year, and then fall back to the contract minimum, which in many cases is 1 or 1.5 %.

I would suggest sitting with a professional with a CFP designation to get an unbiased opinion and explore the many options there are for the fixed income portion of your protfolio.

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