<#-- Rebranding: Header Logo--> <#-- Rebranding: Footer Logo-->

Jack K. Riashi, Jr.

CFP®
Personal Finance, Retirement, Investing
84%
Helpful
46
Answers
1
Articles
14
Followers
“Jack Riashi, Jr., a Fee-Only Investment Advisor with Bloom Asset Management, Inc., has been advising individuals and families for more than 20 years in areas such as financial planning and investment management, among others.”
Firm:

Bloom Asset Management, Inc.

Job Title:

Financial Advisor

Biography:

Jack K. Riashi, Jr., CFP® has been with Bloom Asset Management since 2002 and has been an active member of the firm’s Investment Committee since inception, which is responsible for setting investment strategies and selecting approved securities for client portfolios. He provides a wide range of financial expertise including personalized investment management, asset allocation, and comprehensive retirement planning.  Jack has been featured as a financial expert for the Detroit News' Money Makeover series and has been a frequent guest on WXYZ-TV Channel 7 Action News providing financial advice and market observations.  He has also contributed numerous articles for the firm’s website, MoneyTalk and MoneyWatch newsletters. Jack has also been selected as an HOUR Detroit Five Star Wealth Manager each year since 2011, an honor he works hard to achieve.    

Jack has been serving clients in the financial service industry since 1987, holds the designation of Certified Financial Planner (CFP®) and is an active member of the Financial Planning Association. He is a graduate of Wayne State University with a bachelor's degree in finance and has been a featured speaker at many Bloom Asset Management seminars. 

As a CERTIFIED FINANCIAL PLANNER™ practitioner, Jack has met rigorous education and ethical requirements and has gained extensive knowledge in the areas of financial planning, risk management, investments, income tax planning, and retirement and estate planning.

In his free time, he enjoys spending time with friends and family and is an avid golfer and cyclist.  Jack is also very actively involved in his Church and has contributed his expertise in financial planning and goal setting to the Church’s Finance Committee over the years.  

Education:

BS, Finance, Wayne State University

Assets Under Management:

$1.1 billion

Fee Structure:

Asset-Based
Fixed

CRD Number:

1670490

All Articles
Sort By:
Most Helpful
August 2017
    Investing, ETFs, Mutual Funds

All Answers
Sort By:
Most Helpful
    ETFs, IRAs, Mutual Funds
Is a large cap growth mutual fund or ETF something I can have in my Roth IRA long-term by itself with no other mutual funds or ETFs?

Dear investor,

You can use a variety of investment types or asset classes in your Roth IRA, especially through a discount brokerage firm like Fidelity and/or Charles Schwab.  They have a variety of low cost no-load mutual funds and/or ETFs to use to construct your portfolio.  The main point here is your portfolio.  I only know about your Roth IRA, but you may have other investment accounts like a 401k, individual brokerage, or possibly even a regular IRA.  You should view your Roth IRA as being part of your overall portfolio, and not just as a stand-alone account.  I generally like having higher growth investments in a Roth IRA because it may be the last account you use for retirement down the road.  Again, I do not know much about your personal goals and plans for retirement.  

At our firm, we use an asset class positioning strategy and attempt to include certain asset classes in certain types of accounts based upon how they are taxed.  For taxable accounts, we like to use more tax efficient equity funds like U.S. large blend, large growth, and large value.  In IRAs, we like to use fixed income or bond funds, or less tax efficient equity funds like foreign and even U.S. small-cap funds.  For Roth IRAs, we like to use foreign stock funds, emerging market stocks, and even global real estate funds.  I do think combining a U.S. large growth fund with a foreign fund in a Roth IRA is a good idea.  You could include a U.S. large growth, global real estate and an emerging market stock fund.  But again, this account and the underlying investments should be considered within the context with your overall game plan for your portfolio.  Too many investors invest by account and do not consider their entire portfolio.  You should start with your entire portfolio, and then select the investments, and then determine what account make sense for each investment as it relates to your portfolio.  Your decision making will improve.  

With respect to performance, you certainly want to make sure the investments you are using fits within your strategy.  If it is an actively managed mutual fund, then you need to check its history and other statistics to make sure it is appropriate.  If you go the passive or index route, then that might be easier because there would be less of a need to check performance over benchmarks since they invest solely based on a benchmark.  There are plusses and minuses to using active verse passive/index investments.  But that is for another blog!

Best of luck to you.  

August 2018
    Debt, Estate Planning, Investing
Should I pay off my mortgage loan or invest with the money I am receiving from an inheritance?
94% of people found this answer helpful
July 2018
    Financial Planning, 401(k), Asset Allocation, Real Estate
Should I change my asset allocation strategy?
July 2018
    Debt, Financial Planning, Real Estate
I have $25,000 in savings, am debt-free, and I live at home; what's the best way to make my money grow?
92% of people found this answer helpful
July 2018
    Banking, Retirement, Investing, 401(k), Real Estate
What should I do with the $7,000 in my checking account to help it grow for me instead of it accruing no interest?
75% of people found this answer helpful
June 2018