Credo Wealth Management
Independent Personal Wealth Manager
Hello, and thank you for stopping by! I am a husband, father, Marine, independent personal wealth manager, business manager, and sports fan.
It is a great honor to enjoy the following highlights:
· Perfect 5-star rating by private clients
· No commissions or minimum investment
· Published by NASDAQ and Investopedia
· Featured financial advisor by Visa, Inc.
· Historically better investment returns*
*based on data from ARC Private Client Indices (PCI)
Credo means “I believe”. We believe in supporting your heritage by empowering your legacy. We are your personal advocate with fee-only management and advice, Proverbs-based principles, proven strategies, leading technology, human expertise, and historically better performance than the average investor. Credo Wealth Management was born from a passion to help people manage their finances and enjoy a fulfilling life while creating a legacy.
Daniel Schutte founded our firm upon earning his Series 7, Series 66, and Health & Life licenses. After training to be a financial advisor with a large company, he chose to become an independent Registered Investment Advisor in order to serve clients without pressure from commissions, quotas, or restricted investment and insurance options. While Dan has been conducting market research and studying wealth management for over 15 years, he now enjoys providing this service to our valued clients with both competence and care.
Dan is currently managing budgets up to $10 million for Visa, Inc. and previously served as a Marine Corps Intelligence & Operations Officer where he managed over $50 million in assets with the First Marine Headquarters Group. As a resident of Denver, Colorado, Dan is married to his wife, Sarah, and enjoys spending time making memories as a family.
Start investing in your legacy today at: CredoWealthManagement.com
Master of Business Administration (MBA), American Military University
CONTENT: All written content displayed here is for information purposes only. Opinions expressed herein are solely those of Credo Wealth Management LLC unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation. This communication may provide links to others for the convenience of our users. Our firm has no control over the accuracy or content of these other sources. REGISTRATION: Advisory services are offered through Credo Wealth Management LLC; an investment advisor firm domiciled in the state of Colorado. The presence of this communication on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute.
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Many financial planners will suggest an annuity because they receive a high commission from selling it. While you do want to consider potential downside risk, you should also be aware of other annuity cons such as typically capped returns and loss of principal during the payout phase. You might want to consider a conservative to moderate ETF portfolio instead, which can be managed to provide income and targeted to keep up with inflation at Betterment.
Even compared to no-load mutual funds, ETFs have benefits including liquidity, diversity, and low cost in most cases. You have the right idea with diversity, and a portfolio with ETF funds would be a great move. A well balanced portfolio should include several fund families based on your goals and time horizon.
Yes, a bank or relative could be a good trustee, but keep in mind that you can have a trusted financial advisor manage the actual funds in the trust account. While an estate or tax attorney can establish the trust documents, the trustee can be appointed as you wish and directed to work with an advisor of your choice. You might want to consider a trust fund with advisor oversight at Betterment.
Great job with your finances! You are an excellent example of planning ahead and being wise with money. Yes, a Roth IRA conversion could be a great way to avoid/reduce the RMDs. You also could set up a Donor Advised Fund (DAF) to benefit from qualified tax deductions/credits while targeting sustained growth (invested principal) and periodic charity contributions (elected by you). A trust fund is also a great option to pass on wealth to heirs while avoiding painful probate. Except for rare circumstances, we suggest avoiding annuities and whole life insurance as funds may be better invested elsewhere (e.g. managed ETF portfolio).
You have a valid concern in wishing to avoid a "flash crash" or wait to invest the lump sum until a significant decline. However, you can see that historically the market has continued to rise in spite of temporary dips. I would ask yourself if you would regret more a dip after investing or missed growth before investing. Weekly or monthly contributions are a great way to average cost as you mentioned. You could break up your lump sum and increase those contributions as a compromise.