Dan Stewart

CFA®
Personal Finance, Retirement, Investing
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“With over 20 years of experience in the financial services industry, Daniel Stewart helps his clients achieve their investment goals by providing actionable, non-biased research and advisory services.”
Firm:

Revere Asset Management

Job Title:

President & CIO

Biography:

Have our short Daily Market Video http://noramassetmanagement.com/newsletter/ sent directly to your inbox.  I promise we will not spam or solicit you in any way.  It is for educational purposes & my two collegues - Chief Strategist Tim Reazor and Portfolio Manager Don Vandenbord - alternate sharing our research.

Daniel Stewart is President & CIO of Revere Asset Management and has been providing financial services and portfolio management for over twenty years.  Revere Asset is a Fee Based RIA which Always Acts as a Fiduciary in the Best Interest of its Clients.  Prior to joining Revere Asset Management, Dan advised on investment portfolios exceeding $200M. He is also well versed in comprehensive planning including corporate, individual, and estate planning.

Dan joined the NorAm Capital team in 2010 to create and manage their Private Wealth Management firm. This eventually led Dan to buy the business and rename it Revere Asset Management. He graduated from The University of Texas at San Antonio with concentrations in Finance and Accounting. Dan has passed the CPA Examination on the first attempt and subsequently earned his CFA® Charter (Chartered Financial Analyst).

Dan, a native of San Antonio, Texas, is married with 3 children. Dan played NCAA tennis on a full scholarship at Vanderbilt University. He played professional tennis on the United States and European circuit and was then the Head Tennis Professional at both the Retama Polo & Tennis Club and Thousand Oaks Indoor/Outdoor Racquet Club, in San Antonio, Texas.  

Education:

Chartered Financial Analyst (CFA®), BBA in Accounting

Assets Under Management:

$38 million

Fee Structure:

Fee Based Only - Fiduciary with No Conflicts of Interest

CRD Number:

2649504

Insurance License:

#Yes Primarily Term

Disclaimer:

No information presented constitutes a recommendation by Revere Asset Management, to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities by Revere Asset Management. Revere Asset Management does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

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    IRAs
What is the difference between a Keogh and an IRA?
100% of people found this answer helpful

This is a complicated question, but a Keogh is a retirement plan that for unicorporated businesses like sole proprietorships and partnerships, or self-employed individuals.  They can be set up either as a Defined Benefit Plan (pension plan) or a Defined Contribution Plan (either a Profit Sharing or Money Purchase - 2 of the 7 types of 401k plans).  But the real takeaway is that you can put in much more money into a Keogh Plan that you could an IRA.  IRA limits are $5,500 under 50 & $6,500 50 or over each year.  Whereas, a Keogh Profit Sharing Plan, you could put in up to 25% of compensation up to $53,000.  So it leave you flexible.  A Money Purchase Keogh Plan is less flexible as you must chose a fixed percentage up to 25% or $53,000, but if you change the fixed percentage, you may face penalties.

A Keogh Defined Benefit Plan defines the benefit at the end versus the contribution going into the plan.  The maximum (indexed each year) is $210,000 for 2016 so contributions to be able to fund the benefit on the backend can be much larger than $53,000.  The contribution will be based upon age, expected return, and other variables.  These plans work well for high income earners with no or few employees because they must be covered as well.

Again these can be complicated so you need to seek competent advice by someone who is well versed in the benefits and drawbacks of there plans.  And there are other types of plans that benefit high income individuals.

Hope this helps and best of luck, Dan Stewart CFA®

 

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How can I best shield retirement income from taxes?
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June 2017
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What is a prudent investment strategy after I sell my business?
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June 2017
    Financial Planning, Estate Planning, Life Insurance
Should a single person with assets above $1M buy life insurance as an estate planning tool?
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July 2017