Kevin Michels

CFP®, EA
Personal Finance, Retirement, Investing
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“Kevin Michels, Financial Planner with Medicus Wealth Planning, focuses on providing hourly financial planning to clients as well as on-going financial planning and investment management services. ”
Firm:

Medicus Wealth Planning

Job Title:

Financial Planner

Biography:

Kevin enjoys helping clients from all stages in life with sound financial planning. Kevin has especially found a niche in advising small business owners who’d like to create or improve upon their existing company retirement plan.

Kevin got his start in the financial planning industry by going to work for one of the largest discount brokerage and mutual fund companies in the world, Fidelity Investments. While at Fidelity, Kevin held his Series 7 and 63 Licenses which allowed him to work as a trader, completing transactions in stocks, mutual funds, and options.  After being promoted to a department that focused on helping clients with their company retirement plans, Kevin found what he had a passion for, helping small business owners and their employees successfully prepare for retirement.

Kevin left Fidelity to come work with David Luke as a partner in Medicus Wealth Planning. Having the opportunity to work with clients on a fee-only basis allows Kevin to give objective and sound financial planning advice that is never tainted by a hidden agenda.

Kevin graduated from Utah Valley University with a degree in Personal Financial Planning. Utah Valley University’s Financial Planning Program has been recognized on numerous occasions as a top 10 Financial Planning Program in the country.

Shortly after graduating with a degree in Personal Financial Planning, Kevin became a Certified Financial Planner™ (CFP®).

Kevin lives in Riverton, Utah with his wife Lauren, and their two children. Kevin spends much of his free time with his family outdoors, playing sports, and watching Jazz games. Kevin and Lauren enjoy living close to both of their families and spending time with them.

Education:

Personal Financial Planning, Utah Valley University

Assets Under Management:

$60 million

Fee Structure:

Fee-Only

CRD Number:

6185260

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4 weeks ago
    Retirement Plans, IRAs, Retirement Savings
April 2017
February 2017
    Retirement Savings, Investing, Retirement Living
March 2017
    Investing, Stocks
June 2017
    Retirement Living, Retirement Plans, Retirement Savings

All Answers
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    Stocks
Why do some huge companies have such low stock prices?
85% of people found this answer helpful

The actual stock price of a company has nothing to do with how profitable or valuable the company is. In very simple terms, the value of a public company is determined by the stock price multiplied by the number of outstanding shares. So in theory, you could have a company that is trading at $1,000 per share and have 100 outstanding shares for a total market capitalization of $100,000. Compare this to a company that is trading for $10 per share and has 100,000 outstanding shares for a total market capitalization of $1,000,000.

Back in 2014, Apple was trading around $700 per share and did a stock split of 7-1. When this took place, shareholders shares were multiplied sevenfold, but the price of Apple was reduced sevenfold. So if you owned 100 shares of Apple at $700, your total investment was worth $70,000. When Apple split 7-1, you would have owned 700 shares at $100 per share for a total investment of $70,000.

In some cases, the price of a stock appreciates so much that it makes it hard for everyday investors to buy shares. The volume of trading is reduced and the stock is harder to buy or sell. This could increase spreads (the difference between the buy and sell price). By doing a stock split, the price is reduced and it allows for more investors to begin buying/selling the stock.

February 2017
    Real Estate, Stocks
Which has performed better historically, the stock market or real estate?
81% of people found this answer helpful
February 2017
    Financial Planning
How are commodity spot prices different than futures prices?
65% of people found this answer helpful
March 2017
    Investing
What investment strategies do you recommend for someone with low capital?
56% of people found this answer helpful
February 2017
    ETFs, Mutual Funds
What are the pros and cons of mutual funds and mutual fund ETFs?
50% of people found this answer helpful
February 2017