Brad Stark is a Principal and Co-Founder of Mission Wealth which has been recognized as one of America’s “Top Wealth Managers” for the past nine years. Brad is a member of the firm’s Executive Management and Investment Committees and is responsible for the firm’s client fulfillment process. It is his visionary excellence in the financial industry that drives the strategic direction of the firm.
Brad graduated from University of California, Santa Barbara with a Bachelor of Arts in Business Economics and later completed a Masters of Science in Financial Planning from College of Financial Planning. After completing his undergraduate education, John Hancock, one of the oldest and largest financial firms in the nation, recruited him into the financial industry. He was later asked to join the company’s high net worth division, “Signature Financial Network,” where he went on the “lecture circuit” talking about estate and investment planning. In 2000, Brad co-founded Mission Wealth, a firm built on the foundation of providing comprehensive, objective and independent advice to high net worth families. With twenty years of experience, Brad was named by the Pacific Coast Business Times as a “Top 40 Under 40”business leader in 2004 and has been recognized annually in “Who’s Who In Banking and Finance” edition since 2005. In 2011, Brad was ranked as one of America’s “Top 100 B/D Advisors” by Registered Rep magazine.
Since 1993, Brad has been a sought-after speaker on various financial topics for both public and private organizations, including: Northrop Grumman, Hughes Aircraft, McDonnell Douglas, the County of Los Angeles, Lockheed Martin, University of Southern California, Screen Actors Guild and the Charles Schwab 2007 Leadership Meeting. Brad has also been an adjunct professor for the California State University system teaching corporate finance at the California State University Channel Islands campus.
Born and raised in Los Angeles, Brad and his wife, Tammy, have enjoyed living in Westlake Village for the past fifteen years. His interests include travel, golf, sports and music.
BA, Business Economics, University of California, Santa Barbara
If you are paying a fee, then there is no financial incentive to trade beyond what they think is in your best interests. If your relationship is commission based, then that is another story to consider. If you own 10-12 different asset classes and you rebalance the account quarterly, 50 trades is not unreasonable on the surface. Last year was not a good year and most all investors suffered losses broadly.
The trust document outlines the rules and procedures when it comes to trustees and what happens if a replacement is necessary.
That fee is the market rate and that number of funds seems reasonable to create a diversified portfolio. If you don't want to manage your own investments and rely on a professional you need to be in sync with their philosophy which is probably based on academic research and you should be asking questions to that extent.
Based upon what you outline you should keep at least 6 months worth of expenses for emergency reserves in cash especially being self employed. You can use the excess to pay down debt.