Get to know the financial professionals who can help you achieve your dream retirement.
Introducing the team who will work alongside you, strategizing for your retirement wins every step of the way.
How K Financial came to be, as told by our founder, Greg.
This journey began nearly three decades ago, when I was hired at my first job. As I started reviewing my benefits, I wondered about the 401(k) that I had been offered. I really didn’t know much about it, but the concept interested me. I began reading every book that I could get my hands on and even got a subscription to Money magazine.
The more research I did, the more intrigued I became. Early on in my quest, I discovered that I had a profound interest in the financial world as a whole. I was constantly taking what I was learning and applying it to my own life, as much as possible...
Our Story
I can’t say that I’ve changed much, as I still devote a portion of each day to learning all I can about this industry, but now it is so that I can better serve my clients.
Did I mention that my first job was as a mental health counselor? Needless to say, after stumbling upon my true passion in life, I found it appropriate to transition to a career more in line with my interests. I spent 10 years in the banking industry, which certainly helped to deepen my understanding of the financial world, but I knew where I was headed in my journey — and I knew that banking was not my final stop. I wanted more.
From there, I spent six years in insurance and obtained my Series 65 securities license. Along the way, I met my wife, who also has experience in the insurance industry. Many conversations ago, we discovered that our visions were perfectly aligned when it came to clients. We simply want to build a community of clients and help them live their best lives. While working beside them, we hope to help our clients find the freedom to experience life, spend guilt-free and have peace in their minds and hearts, knowing we can help them accomplish the things that bring them joy.
To get there, we know we need to build strong relationships with our clients and create an atmosphere in which we can all enjoy working together. The “K” in our firm’s name originated from our family name, Korn, but today it symbolizes so much more — our extended family of individuals and families who trust us with their finances and dreams.
The goal of this journey is not to establish as many clients as possible; it is to build relationships with the people in our community, to be a part of their journey and to relish in the happiness they experience from living their best lives.
Your Team
Understand how we earn your trust.
There are many ways in which the financial and insurance industries compensate an advisor or agent. Assets under management (AUM) and commissions are the two main ones. We work under both plans and have no preference on which way we get paid. Our compensation is based on how we worked through your plan and figured out what was best for your situation, to accomplish the goals YOU were looking to accomplish.
Here’s a quick lesson in how these methods of compensation work:
First, under the AUM model, a percentage of the assets we manage is paid to us. We are very clear and up-front about our fees. We charge 0.90% for assets totaling under $1 million, and 0.75% for assets totaling over $1 million, for our ongoing planning services.
We also work with a money manager, Formula Folios, who will oversee your investments. They have a range of fees, depending on the type of investments or allocations you choose (0.25% – 0.75%). For the most part, our clients pay fees that total about 1.25% of their total AUM. Simply put, an individual (or couple) who invests $100,000 with us will pay approximately $1,250 annually. These fees are deducted monthly, directly from your investments.
Good retirement planning typically involves insurance in one way or another, whether that is in the form of health insurance, life insurance, annuities or all of these together. The insurance industry’s way of compensating agents is through commissions. However, commissions do not reduce the original principal amount you invest. These commissions are already factored into a company’s products and can be paid to an agent as a one-time payout or an ongoing payout for a specified period of time.
Take the first step toward your best life in retirement.™
It’s never too early — or too late — to take control of your financial future. Get started today by scheduling a meeting, registering for an event or accessing our resource library.
