NJ Ferrari Maserati

Around Town
Annual Monmouth Teen Arts Festival
Our Lady of Mt. Carmel School as National STEM Showcase School
Colts Neck Cares 1st Annual Benefit for Bella
Ask The Experts
Ask The Expert - Mathnasium® of Marlboro
Ask The Expert - Michael R. D’Agnes
Ask The Expert - Harbor Lights Financial Group, Inc.
Bay Wellness
Bay Wellness - Health After Menopause
Bay Wellness - Physician Focus: Steven R. Berkman
Bay Wellness - Don't Forget
Best Bets
Best Bet - Morgan Fertility and Reproductive Medicine
The Guide 2014 - Male Ego Barber Spa
Best Bet - The Healthy Palate
Black Book
Cover Story
No Horsing Around
Still Kicking - Tab Ramos
Bridging the Myth - Michael Kamil
Daytripper
Day Tripper - Balloon Flights
Day Tripper - The Staten Island Children’s Museum
Daytripper: Liberty Science Center
Eats
Eats: TEAK Restaurant
Eats: Park Avenue Bistro
Eat Beat - Holiday Buzz: Who's Serving?
Etc
Etc - Walking through Monmouth County
Etc - Aspirin...please.
ETC - Beach Bias
Fall Guide
Fall Guide 2014 - Activities
Fall Guide 2014 - Performing Arts
Fall Guide 2014 - Fall Events
Featured Artist
Featured Artist - Perry Balog
Featured Artist - The Yevchaks
Featured Artist - Tim Dorland: A Glass Act
Gift Guide
Gift Guide - The English Manor
The Guide 2014 - Pelican Shops
Gift Guide - Gold Coast Cadillac HUMMER Saab
Health Talk
Health Talk - Dr. John Young
Health Talk - Frank Borao, M.D.
Guest Blogger >> Sonya Moretti, WHNP-BC, NAMS
Health, Wellness & Beauty
Health - Think Spring, Think Injury Avoidance
Health - db Orthopedic
Health - Freehold Radiology Group
Homes
Salle Tee: Waterside Wonder
Pretty as a Picture
Great Estate: Areta Bendo
Letter
Spring has Sprung!
Warm Winter Wishes
Letter to Colts Neck: Falling Into Good Times
Living in Colts Neck
Gratitude in Guatemala
Montrose Schoolhouse
The Triple Crown
Newsletter Articles
The Home - EcoSystems Fence Co
The Home - JGS Insurance
Wine Academy Superstores
Our Picks
Our Pick - The Grove at Shrewsbury
Our Pick - Durso Wealth Management Group
Our Pick - EncoreGarage of New Jersey
People On The Move
People On The Move: Bruce Baron
People On The Move: Ken Schwartz
People On The Move: Mark Malek
Summer Guide
Weigh In - My Favorite Jersey Beach
Summer Guide 2014 - Our Jersey Shore
Out & About - Summer 2013
The Bay
The Bay - One Stop Women’s Health
The Bay - A Body In Motion
The Bay - Could I Have Diabetes and Not Even Know it?
The Guide
The Guide 2014 - Lincroft Village Jewelers
The Guide 2014 - World Jeep Subaru
The Guide 2014 - Moonlight Complements
The Home Guide
The Home Guide - King Remodeling
The Home Guide - AW Eurostile
The Home Guide - Ron Youmans, Jr.
Weigh In
Weigh In - Favorite restaurant in Monmouth County
Weigh In: If Hollywood came knocking...
Weigh In - What Would People Be Surprised To Know About You?

Ask The Expert - Harbor Lights Financial Group, Inc.
07/03/2012

Ask The Expert - Harbor Lights Financial Group, Inc.

Harbor Lights Financial Group, Inc.
2424 Route 34
Manasquan, NJ 08736
800-995-HLFG
www.hlfg.com



Harbor Lights Financial Group is a full-service financial consulting firm located on Route 34 in the heart of Wall Township. They are committed to helping their clients improve their long-term financial success through customized strategies.

As an independent firm, Harbor Lights Financial Group has no obligations to investment product manufacturers and no cross-selling quotas or other home office directives that may lead to conflicts of interest. They don’t spend their time in meetings or on conference calls with far-off senior management. Their sole focus is on serving their clients and, they act in their clients’ best interests at all times.

They are in the business of assisting clients in the accumulation and preservation of wealth. To achieve that mission, they focus the firm’s activities on a single goal: To provide expert independent financial advice and comprehensive asset management services at a reasonable cost.



With over 20 years of helping local families manage their wealth, short and long term, what would you say are some of the common misconceptions you typically run into?

Over the past 24 years, we’ve run into many misconceptions pertaining to the financial services industry. One of the most important misconceptions is that all financial advisors operate under the same platforms. Many advisors are employees of larger firms that often make markets in specific investments and/or firms or mutual fund companies that are part of their recommended list. Harbor Lights Financial Group is an independent financial planning firm and neither we nor our Broker Dealer, LPL Financial, conduct any investment banking business - nor do we own or sell any proprietary product lines. We feel this presents fewer conflicts of interest and subsequently results in a less biased set of recommendations for the client over the long term. Another common misconception pertains to confidentiality. We offer complimentary consultations to prospective clients so we can get to know them and their situation. They in turn can get to know us and our firm and can determine whether or not we will provide sensible solutions to help them achieve their objectives. Part of this process entails collecting data about the prospective client. This data is kept in the strictest of confidence. If the relationship does not move orward, the information collected is shredded to protect the potential client’s information and our own firm’s reputation.

What retirement and wealth preservation strategies are being employed today to manage risk when trying to help investors/families reach their goals?

We are living in a time of very high if not unprecedented market volatility. With that in mind, we feel it is important to focus on properly allocating assets in a sensible portfolio. It would consist of some assets that may capitalize on market growth, such as common stocks, assets that seek to protect against inflation, such as gold, natural resources and TIPS (Treasury Inflation), and other assets that focus on stability of principal with income potential, such as annuities and corporate bonds. The proper balance of the above referenced asset classes depends on many factors, such as the client’s time horizon and risk tolerance. We also feel it is important to maintain a long term perspective in order to allow a given asset allocation strategy the time to run through the various stages of the business cycle.

Over the course of their careers, many of our readers are going to need to rollover their 401k at least a couple of times. Can you describe for them how this is done?

For many years we have assisted our clients in this very important component of the retirement planning process. We have worked with retirees from companies such as Verizon, Merck, Bristol Myers Squib and, educators from local school districts. We start by reviewing the client’s entire retirement package to help them determine whether or not retirement is feasible at any given time. Many people simply add up their assets, multiply by 5% and use that figure to base their retirement decision on. We help them factor in the impact of inflation. Did you know that if we experience a 3% inflation rate over the next 24 years the purchasing power of a $60,000.00 retirement income will be cut in half if inflation protection is not built into the portfolio? Many people have a choice between a lump sum pension or a monthly annuity. Understanding the pros and cons associated with that decision is very important and requires considerable analysis. The rollover of a 401k into a self-directed IRA is a very common recommendation because it may open up investment choices and protections that are not available leaving the funds with the company’s current custodian. The rollover process is relatively simple and in many cases can be done with a phone call to the current 401k custodian requesting that the funds be transferred to a new custodian which will maintain the client’s self-directed IRA.

You probably get asked this question a lot, but what would you tell friends or family to use as a criteria when selecting the right wealth manager/firm for themselves?

I feel there are three very important criteria. First, the wealth manager should be a Certified Financial Planner, or CFP. This ensures the client that the advisor has met the rigorous educational requirements mandated by the Certified Financial Planner Board of Standards and maintains an ongoing continuing education regimen which focuses on important topics, such as Ethics. Second, the wealth manager should be free of corporate-mandated product recommendations. As mentioned earlier, firms that operate independently typically have fewer conflicts of interest because they neither own product nor make a market in recommended securities. And finally, the advisor should have spent a reasonable amount of time in the industry. Having ridden many market cycles since the 1980s, we have seen many good markets and more than a few down markets. The lessons learned from decades past prepare you for the decades ahead.

Ken offers Securities through LPL Financial. Member FINRA/SIPC




Advertisers

Eagle Oaks




Powered by eDirectory™