David Michael Howard

Retirement, Investing, Taxes
“As a Financial Advisor and Portfolio Manager at Simasko Financial, David Michael Howard is committed to assisting his clients with their financial needs, while providing the central focus of personal attention and service.”

Simasko Financial

Job Title:

Financial Advisor and Portfolio Manager


As an Independent Financial Advisor, David Michael Howard sits down with clients and prepare a plan that is in-line with their legal plan. David and his team focus on conservative investments at Simasko Financial, focusing on investments that preserve their clients' wealth with opportunity to accrue wealth.

David strives to provide clients with a wealth of information in the form of education on financial products and our services, calculators, and research reports. His specialty is to help clients better understand retirement planning and how he can make it easy to understand how they can protect their hard-earned assets.

David and his team have portfolios' developed for each type of client based on their level of risk; ranging from Income Preservation, Balanced Income, Balanced Growth, Growth, and Aggressive Growth. These portfolios are constantly updated to adapt to rapidly changing economical environment. Although they specialize in the elder community, they also provide financial guidance to prospective clients in all phases of their careers, and retirements.

David Michael Howard graduated from Central Michigan University with a Bachelors of Science in Business Administration, concentration in finance and economics, with distinction. David holds a Series 7, 63, and 65 license, and is a RIA in MI, IL, TX, AL.


BS, Finance & Economics, Central Michigan University

Assets Under Management:

$50 million

Fee Structure:


CRD Number:


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When moving your IRA to a different fund, are there other factors to consider besides the rate of return?
100% of people found this answer helpful

Great question. There of course are other factors to consider besides the return. This depends on the type of investor you are. If you are someone to attempts to "beat the market each year" then it would make ficsal sense to pay higher fees for a potentially higher return. I myself do not believe in beating the market, as I focus on an indexing philosophy. With indexing, you attempt to match the market, or your level of risk, for the lowest internal fee possible. So, over a 10 year period, the account should have matched the performance of the S&P 500 almost identically, with an internal fee of 0.05%-0.10%. Meaning over a 10 year period, your portfolio would have trailed the S&P 500 be only 0.50% to 1.0% (The internal, annual fee times 10).

If you attempted to "beat the market" each year for a 10 year period with a popular mutual fund, on average the fund would have beat the market 3 times, matched the market 4 times, and underperformed the market 3 times.This "law" of economics is called reversion to the mean, as it is nearly impossible to consistently beat the market. The average annual internal fund fee ranges from 1.2% to 1.6%; the mutual fund would have had to outperform the S&P 500 by 12% to 16% just to break even! In the history of mutual funds, there have been a very small handfull fund managers who consistantly outperformed the market for several years in a row, making it a very uncommon practice. 

Ultimately, the decision is yours on how you want to invest your retirement, but make sure you are aware of what you are paying, as underperformance with the addition of high fees only compounds your losses. 




David Michael Howard

Independent Financial Advisor

TD Ameritrade

2 weeks ago
    Retirement, Real Estate
I have $850,000 in retirement savings and a remaining mortgage of $380,000; should I stop contributing to my four retirement accounts and pay down my mortgage?
80% of people found this answer helpful
2 weeks ago
    Choosing an Advisor
What book influenced you the most as a financial advisor?
50% of people found this answer helpful
2 weeks ago
    Personal Finance, Investing, Peri-Retirement
Will investing in index funds protect me against paying too many fees?
38% of people found this answer helpful
May 2017
    Investing, Asset Allocation, IRAs
How should I factor in commissions and fees when diversifying my Roth IRA?
33% of people found this answer helpful
March 2017