How does the advisor help clients – Key Takeaways:
Third-party financial advisors, such as David A. Peckham, provide valuable expertise to clients seeking guidance on managing their financial assets. These advisors offer a wide range of services and cater to various client types, all while adhering to strict industry regulations. Here are some key takeaways about the role of a financial advisor like Peckham:
– Advisors like Peckham help clients create a comprehensive financial plan, tailored to their individual needs and goals.
– They provide unbiased advice on investments, retirement planning, tax strategies, insurance solutions, and more.
– As fiduciaries, financial advisors are legally bound to act in the best interests of their clients, putting their clients’ needs ahead of their own.
Facts and Insights
Let’s dive deeper into the key facts and insights surrounding David A. Peckham’s financial advisory practice.
Assets Under Management, Number of Advisors and Time in Business:
David A. Peckham has been providing financial advisory services for over 25 years, with his practice being registered with Financial Industry Regulatory Authority (FINRA) since 1995. As of the last reported period (2020), his firm, Peckham – Jones LLC, had over $1 billion in assets under management.
Peckham – Jones LLC AUM (in millions)
| 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|
| $1,028 | $988 | $862 | $748 | $690 |
Peckham is the sole advisor at his firm, providing his clients with personalized and dedicated attention. This allows him to build strong relationships with his clients based on trust and understanding.
Peckham – Jones LLC Number of Advisors
| 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|
| 1 | 1 | 1 | 1 | 1 |
Peckham – Jones LLC Time in Business
| 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|
| 25 years | 24 years | 23 years | 22 years | 21 years |
Financial Services Offered
Peckham offers a wide range of financial services to his clients, including:
– Investment management and portfolio allocation
– Retirement planning and income strategies
– Tax planning and minimization strategies
– Insurance and risk management
– Estate planning and wealth transfer
– Education funding and student loan repayment strategies
– Business succession planning and employee benefits
This comprehensive range of services allows Peckham to provide holistic financial planning to his clients, taking into consideration all aspects of their financial lives.
Client Types
Peckham serves a diverse range of clients, including:
– High net worth individuals and families
– Corporate executives and entrepreneurs
– Professionals, such as doctors, lawyers, and engineers
– Pre-retirees and retirees
– Non-profit organizations and foundations
This diverse client base allows Peckham to cater to various financial needs and goals, ensuring a personalized approach for each client.
Fees & Compensation
As a fee-only advisor, Peckham’s compensation is solely derived from fees paid by his clients for his services. This ensures that he has no conflicts of interest and is solely focused on providing the best advice for his clients’ financial well-being.
Peckham’s fees are calculated as a percentage of the assets under management, with rates varying based on the type and complexity of services provided. This fee structure allows clients to have a clear understanding of the costs associated with their financial plan.