Martin A. Smith

CRPC®, AIFA®, RPS®
Personal Finance, Retirement, Investing
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“With over 20 years of experience in the financial industry, Martin A. Smith is committed to providing retirement planning and portfolio management solutions to business owners and individuals.”
Firm:

Wealthcare Financial Group, Inc.

Job Title:

President, Retirement Planning Financial Advisor

Biography:

 Martin A. Smith founded Wealthcare Financial Group, Inc.™ as a retirement planning and investment management firm. He is committed to providing each client with values-based advice and custom-tailored service. Thus, the need for prudent advice and high quality service is also the basis for his business philosophy; “How much better it is to get wisdom than gold! And to get understanding is to be chosen rather than silver!” Proverbs 16:16

 As a MD Fee-Only Financial Advisor, Martin is able to serve the unique needs of high net worth individuals and family offices with more breadth and depth than what is traditionally offered by wealth managers through his firms proprietary Wealthcare Financial Plan. Martin has completed a M.A. in Commercial Real Estate Finance at Georgetown University. In addition, he has completed several financial planning designations: the Accredited Investment Fiduciary (AIF®) and Accredited Fiduciary Analyst (AIFA®) designations, as administered by Fiduciary360 and awarded by the Centre for Fiduciary Studies (CEFEX).

 In addition, Martin has earned the Retirement Planning Specialist (RPS®) certification, upon completion of the “AT RETIREMENT®” coursework; an educational program that was jointly sponsored by The Executive Education Department of The Wharton School of the University of Pennsylvania, and AXA Equitable, Inc. He has also earned the Chartered Retirement Planning Counselor (CRPC®) designation from the College for Financial Planning in Denver, CO.

 Martin makes regular media appearances, having been a guest on News Channel 8, NBC Universal Channel 4, WTOP Radio News & Business and CBS Radio. In addition, he has been invited to teach a series of financial management educational seminars for the NBA Development League. In an effort to bridge the financial literacy gap, as well as provide ongoing personal finance education, Martin writes for Answers About Wealth™, which serves as the blog for Wealthcare Financial Group, Inc.™

 Martin earned his Bachelor of Arts Degree in Legal Communications, from Howard University in 1992. He later joined A.G. Edwards & Sons as a Financial Advisor and was later promoted to the position of Assistant Branch Manager. Martin resides in Bowie, Maryland with his wife, Walida. Together, they have seven children.

Education:

BA, Legal Communications, Howard University
MPS, Commercial Real Estate Finance, Georgetown University

Assets Under Management:

$13 million

Fee Structure:

Annual percentage based on assets under management.

CRD Number:

2677840

Insurance License:

#Life and Health

Disclaimer:

Wealthcare Financial Group, Inc. is a Registered Investment Advisor. Answers about Wealth is a personal finance blog, written by Martin A. Smith. Wealthcare Financial Plans is a Trademark of Wealthcare Financial Group, Inc.

Videos
  • Martin A. Smith
  • Martin A Smith Shares 5 Tips for Overcoming Your Money Fears, on the News Talk Live
  • Martin A. Smith Discussing "Financially Cramming for College", on NewsTalk 8.
  • On News Talk Live Discussing "Major Retirement Planning Mistakes", on News Channel 8
All Articles
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May 2017
    Retirement, Retirement Living
April 2017
    Debt, Personal Finance
February 2017
    Long-Term Care Insurance, Retirement Living, Retirement Plans, Retirement Savings
February 2017
    Income Tax, IRAs, Retirement Living, 401(k)

All Answers
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    Asset Allocation
Should I be comfortable with Edward Jones's new Guided Solution program?
75% of people found this answer helpful

Hi, and thank you for taking the time to submit your question about Edward Jones's Guided Solutions program. The DOL's fiduciary law (aka "Fiduciary Rule") was set to take effect in a few months, although this could change now considering the new Administration. The Edward Jones representative was correct by stating that the new legislation places additional fiduciary responsibility on Broker/Dealers and financial advisors. One aspect of the Rule is the 'reasonableness' of the costs associated with investing through a brokerage firm and/or investment advisor.

I don't agree that the rule in itself should impose a set "fee" (e.g. 1.35%, 2%, etc.) that you will have to pay. Generally speaking, fees should be reasonable, not excessive. I also believe that fees must reflect the value that you are receiving from the firm where your portfolio is being managed. One advisor may charge 1% and another might charge 1.25% to manage the same amount. The investment representative is supposed to provide you with a prospectus and/or "ADV-2" document that relates to the Guided Solutions program. Basically, merely saying "laws have changed...fill out additional paperwork and accept our fee," falls short of the responsibility we have as financial professionals.

I am not knocking Edward Jones, however, since there are literally thousands of "Jones brokers" around the country, you could work with whoever you want, including hiring an independent Registered Investment Advisory firm, such as Wealthcare Financial Group, Inc. You are doing the right thing by reaching out to a number of financial advisors on Investopedia. You will receive a wealth of helpful information and advice on this site!

Lastly, whoever you hire should prepare a comprehensive financial plan for you that is supposed to inform the investment advice and/or other personal finance related recommendations given to you. At the end of the day, the solutions that we provide to people such as yourself is supposed to help you achieve your values, needs and goals.

I wish you the best!

Martin

January 2017
    Debt, Investing, Mutual Funds
Should I invest or pay off my debt?
67% of people found this answer helpful
last month
    Investing
Do lower interest rates increase investment spending?
66% of people found this answer helpful
February 2017
    Mutual Funds
What are the main differences between a systematic investment plan (SIP) and mutual funds?
50% of people found this answer helpful
February 2017
    Stocks
What causes the volatility of a particular stock?
50% of people found this answer helpful
March 2017