Andrea N. Kirk, CFP ®, CRPC ®, Financial Advisor
Determining the Best Investment Strategy
By Linda L. Esterson
Feb 02, 2018
Andrea Kirk listens. No matter how long it takes, she spends the time needed to listen to her clients and learn about their dreams and goals for the future. Do they want to travel in retirement? Do they want to stay in Maryland or move out of town? Do they want to continue working?
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively employed as a credentialed professional in the financial services industry for a minimum of five years; 3. Favorable regulatory and complaint history review (please note unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process*); 4. Fulfilled their firm review based on internal firm standards; 5. Accepting new clients; 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or awarded. Once awarded, wealth managers may opt to purchase additional profile ad space or related award promotional products. The award methodology does not evaluate the quality of services provided. The award is not indicative of the award winner’s future performance. *To qualify as having a favorable regulatory and complaint history for this award, the person cannot have (1) been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine, (2) had more than a total of three customer complaints filed against them (settled or pending) with any regulatory authority or Five Star Professional’s consumer complaint process, (3) individually contributed to a financial settlement of a customer complaint filed with a regulatory authority, (4) filed for bankruptcy, or (5) been convicted of a felony. Investment advisory services and products are made available through Ameriprise Financial Services, Inc., a registered investment adviser. Ameriprise Financial Services, Inc., Member FINRA and SIPC. © 2018 Ameriprise Financial, Inc., All rights reserved.
“It’s important to know where they are today and strategize their investments based on what they would like to do in the future,” says Kirk, who is celebrating her 20th year in business as an Ameriprise Financial Services financial advisor in Bel Air.
Kirk upgraded her strategy about five years ago to use insurance as a tool to enable improved tax efficiency and generate additional tax-free income streams, especially for those clients whose earnings exceed maximum amounts permitted for Roth contributions. Her advanced insurance strategies have proven to successfully protect individuals and families, and the mortality conversation that many don’t want to have is more comfortable with Kirk. She tactfully introduces ways to provide security for family members and offers advice for giving to charitable causes close to an individual’s heart. She’s earned the Five Star Wealth Manager Award each year since 2015 and achieved 100 percent client satisfaction scores for several consecutive survey periods.
Among her featured products and services are retirement planning and distribution planning, investments, insurance, education savings, financial strategies for women and federal employee retirement planning. She takes pride in maximizing return for her clients, no matter how short or long of a savings term.
“It’s rewarding to see in an illustrated premium over 15 to 20 years what the cash value could grow into,” she says. “And it provides comfort to my clients when they see what they can take out as a tax-free income stream.”
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