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Douglas Heagren

CFP®, CRPC®, APMA
Personal Finance, Retirement, Small Business
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“Douglas M Heagren, Founding Partner of Mergent Group, believes that success should be measured not just by his clients' financial well-being, but by how confident they feel about their future.”
Firm:

Mergent Group

Job Title:

Founding Partner, Retirement Plan Consultant

Biography:

Douglas Heagren has been an Investment Advisor Representative since 2006. In 2011, he joined LPL Financial in order to have the flexibility to advise clients with independence from the demands and biases of captive financial advice services companies.

Douglas’s practice is based on a desire to provide education to clients and to help business owners, employees and professionals define present and future goals, maximize control over cash flow, minimize taxes, build and protect wealth efficiently and aim to achieve financial independence. The education and advice that Douglas brings to financial planning with clients goes beyond the solely academic understanding possessed and shared by many in the financial industry, using real-world experience in order to better understand client challenges, goals and the emotions that can impact decision-making and communications.

Douglas lost his father suddenly and unexpectedly in 2000. Over the next five years while the estate was in probate, Douglas directly faced many challenges as executor, including: probate fees, estate taxes, attorney fees, business continuity and business and estate debts. This resulted in a heavy emotional and financial toll on family members and business. However, this also provided extensive real-life education on many estate and financial details and through this experience it became a personal mission to help others avoid similar challenges through adequate personal and business financial and estate planning. Douglas is uniquely positioned in sharing these personal experiences to understand the potential impact of gaps in proper planning, and the emotional and financial challenges that families face when going through the estate settlement process. Because of this, Douglas offers unique perspective and educates clients proactively to enhance their financial and estate planning while understanding the emotional and financial challenges they may be faced with during these complex times.

In addition to understanding the necessity of estate planning in financial wellness, Douglas helps clients in all stages of their wealth building and also specializes in focusing on retirement income and wealth distribution. Douglas hands-on experience aligns well with financial planning for other owners of closely-held businesses and he consults on retirement plans, benefits, accumulation of wealth and liquidity within and outside businesses, protection and legacy planning. By working closely with business owners, Douglas can also provide education and guidance to employees looking to maximize their financial achievement, both within and outside of their employer-sponsored retirement plans.

When not working closely with clients, Douglas spends time with his wife, Dawn, and two children, Katherine and Oliver. Douglas has a Single-Engine, Fixed Wing pilot certification and enjoys taking to the skies, fishing, hunting, playing tennis, golf and broomball and cheering on Ohio State Buckeyes sports.

Education:

BA, Economics, Denison University

Assets Under Management:

$45 million

CRD Number:

5020860

Disclaimer:

Securities and Retirement Plan Consulting Program Advisory Services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. Other advisory services are offered through Mergent Group, a registered investment advisor. Mergent Group is a separate entity from LPL Financial.

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    Debt, Pensions, 401(k), Asset Allocation
What should I do with the money in my savings account?
100% of people found this answer helpful

Does any of the $18,000 need to be used for another car? If not, then you should look at keeping enough of it in cash to cover 3-6 months of expenses and emergencies. After that, analyze what got you in debt in the first place. If cash flow is a continual issue, keep all in cash until you fix that. Otherwise paying down the debt will only lead to the same issue in the future. If the debt was due to immediate and unexpected NEEDS (such as health events), then the cash reserves should help reduce the future impact of such events and you can feel comfortable using the surplus to pay off the debts starting with the $6300, then the $7000. Caveat: if the $4300 0% interest is promotional and temporary (for xx months from a purchase of (usually) a retail item,) you should pay that off first since in those tpyes of lending the fine print usually states that failure to pay off by the term deadline results in the new interest rate being retroactively applied to the entire balance you originally had. It's often overlooked and the "trickery" often burns many who use these types of financing, often to financially disastrous results, so get it taken care of.

May 2018
    Debt
Will paying off my credit card debt with a personal loan improve my credit score?
100% of people found this answer helpful
May 2018
    Financial Planning, Retirement, Pensions, 401(k)
Can I withdraw all of my Solo 401(k) savings as a lump sum?
July 2017
    Estate Planning, Annuities, IRAs
Should I be listing my brokerage firm as a primary beneficiary?
July 2017
    Estate Planning, Asset Allocation, Choosing an Advisor, Stocks
My mother’s advisor says he can’t sell any stocks in her account. Could he possibly be right?
May 2018