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Jeremy A. Ellisor, Sr.

Personal Finance, Retirement, Investing
“Advisors should get paid for advice, not the amount of paper they produce. Jeremy Ellisor is passionate about helping clients focus on variables they can control: when to retire, savings targets, spending rates, risk, and proper diversification of investments.”

Convergent Financial Group

Job Title:

Owner and Lead Advisor



Jeremy is the founder and lead advisor of Convergent Financial Group. 

Before starting Convergent Financial Group, Jeremy was a co-owner and lead advisor of E&R Wealth Management. Over the past decade, he has worked in various sides of the financial industry, including a fee-only wealth management firm, an independent broker dealer, and an insurance company.  His experience brings expertise in planning for the future, investments, insurance, taxes, and estate planning.  He holds a Bachelor of Science in Civil Engineering from Clemson University.


BS, Civil Engineering, Clemson University

Assets Under Management:

$13 million

CRD Number:


  • What I Started Convergent
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    Banking, Mutual Funds, Real Estate, Insurance
Should I take out a whole life insurance policy on my child?
100% of people found this answer helpful

I would recommend an investment fund and this is why.  When you use a life insurance as an investment vehicle your premium payment will be divided into three parts.  First, a portion of the premium will go towards the cost of insurance. For a child this is going to be small, it is to cover the risk of the insurance company paying out a death benefit.  The second portion will go toward the investment base in the policy.  For a whole life policy this is usually based on US treasury rates and will be close to the interest amount provided with a bank savings account.  The last part is not discussed, it is the cost that goes to cover the insurance company's operation and sales force.... (this is how they pay the sales person). 

The insurance company usually pays the insurance representative half of the premium received over the first year and then a smaller percentage each subsequent year the policy is maintained.  In order to protect the amount paid to the sales person, the insurance company will require you to keep your money in the policy for a period of time.  This is to ensure if the policy lapses (is stopped) their payout is covered.  This is where the idea of “surrender charges” comes from.  If you look at their illustration, this is also why the cash value is so small in the first couple of years.

What they don't tell you is you can't take all of your money out of the policy without surrendering the policy.  Let's assume that the policy grows to $25,000 in value 20 years from now, you can absolutely access some of the cash, but not all of it, a portion of the cash value has to remain in order to fund the policy going forward.  Therefore, if you surrender the policy to get access to all of the dollars, you are going to forgo the tax advantages promised. 

If you surrender your cash value life insurance policy, any gain on the policy will be subject to federal (and possibly state) income tax. ... Your basis is the total premiums that you paid in cash, minus any policy dividends and tax-free withdrawals that you made.

Something a life insurance policy does really well is it requires policy holders to make premium payments (Forced Savings).  If you are someone that can stick to systematic savings, then I would forgo purchasing a policy.  If you need insurance, buy insurance, if you want to invest, then invest.  I wouldn't do both in the same product. 

If you are able to accept market risk, then I would recommend investing in an indexed ETF fund like SPY.  The SPDR® S&P 500® ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index (the “Index”).  There are different ETFs and they operate a great deal like Mutual Funds but with lower expenses.  Just do a quick search and find an ETF that meets your investment objectives.  If you want something less volatile, then I would invest directly into a CD or Savings account.  Rates are rising and you can find savings products available now that are paying 2 to 2.5% interest.

February 2019
    Personal Finance, Asset Allocation
How do you withdraw money from your portfolio once you're retired?
92% of people found this answer helpful
January 2019
    Financial Planning, Retirement, 401(k), Asset Allocation, Bonds / Fixed Income
If I restructure my portfolio, can the new structure take the place of the current one?
December 2018
    Financial Planning, Retirement, Asset Allocation, Bonds / Fixed Income, Choosing an Advisor
Why should I pay someone one percent of my gross portfolio to do something that I could easily do using a few simple tools?
50% of people found this answer helpful
November 2018
    Financial Planning, Retirement, IRAs, Taxes, Life Insurance
Should I purchase an indexed universal life insurance plan or save money for retirement in a Roth IRA?
100% of people found this answer helpful
November 2018