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:

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:

$30 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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    Personal Finance
What is a 770 account?
100% of people found this answer helpful

A 770 account is a Permanent Life Insurance Policy used more as an "investment vehicle" than life insurance. I have to be careful how I phrase that because there are rules against implying or calling life insurance an investment. In fact, that is why life insurance agents must call contributions a premium and not an investment.

It derives its name from Section 7702 of the tax code. People use it not so much for the death benefit, but for the cash value growing tax deferred. You must be careful, however, not to "overfund" the policy, thus losing its tax advantage. I will say, you should normally only do this if you need life insurance anyway and can put a "relatively" nice sum, again without overfunding. Many times, people will normally determine how much they can put into the cash value and back into enough death benefit (life insurance) without overfunding.

I am not a big fan of permanent life insurance, and usually recommend cheap term and investing the difference. But sometimes, there are uses for permanent life insurance. If you have a high liability like a doctor and have already maxed out your retirement plans, it may be suitable, especially if you need the life insurance. Or it could be suitable if you need life insurance anyway and have extra cash available to build up the cash value. Later, you can either take a loan against the cash value or you can take out principal amounts tax free, leaving the growth inside the policy. Therefore, you can have better control of taxes later on in life. I tried to keep this in very simple language leaving out all of the insurance jargon, but the philosophy is accurate.

This can be a tricky strategy and you must be careful of unscrupulous life insurance agents trying to generate big commissions. If you plan to investigate further, seek out someone you trust knowledgeable in insurance.

Hope this helps, Dan Stewart CFA®

February 2017
    Investing, Stocks
Does the announcement of an IPO signal an immediate investment opportunity?
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February 2017
    Investing
What investment strategies do you recommend for someone with low capital?
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February 2017
    Retirement Savings
How are RMDs assessed for someone with multiple plans in more than one institution?
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February 2017
    Personal Finance, Stocks
What are the ramifications of selling a covered call?
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February 2017