Advisor Firm Discovery Form
I. General Information
Firm Name: ADK | Wealthcare Partners — aligned with Wealthcare Advisory Partners
Address: 11029 Niggli Road – Alhambra, IL 62001 :: www.ADKwealthcare.com
Phone: (618) 488-6455
E-mail: al.kauffman@adkwealthcare.com
Core Service Areas: Illinois, Missouri, Colorado, Wyoming, Oklahoma, Arizona and Virginia
II. Contact Background
Name: Al Kaufman
Title: Owner and Financial Consultant
Education: B.S. Finance, MBA
Credentials: CFP®, CPA
Industry Experience: Finance, Healthcare, Energy, Education and Construction
Prior Roles: COO, VP Marketing, Estate Trustee, Adjunct Professor of Finance, Finance Director, Planning and Analysis, Medical Economics, Portfolio Manager, Financial Analyst, Carpenter, Painter and Laborer.
III. Firm Information
Year Established: 2010
Services: Consulting, financial planning, risk management and portfolio management—supported by an extensive array of products, services and allied professionals.
CRD #: 4555119
Registration: Illinois
Type of Firm: Sole Proprietor
Partners: Wealthcare Advisory Partners
Principal(s): Al Kaufman owns and manages the practice. Over 30 years of diverse experience in helping individuals and companies prosper. Stewardship orientation. Began managing other people’s money in 1985.
IV. Client Information
Households: 50
Client niche: Boutique services for families, retirees and institutions.
Fee structure: Asset-based fees for discretionary resource management. Financial and operational consulting available on hourly basis.
Discretionary account management: Yes. Advisor discretionary accounts are standard.
Minimum asset level: There are no absolute household minimums, however account minimums of $100,000 apply for comprehensive advisory services.
V. Service Questions
Will you be the only one working with me? Yes. Clients will not be relegated to a junior person, assistant or anyone else. I work with everyone from the start and am available 24 x 7.
VI. Resource Management Philosophy
Personal and Professional Observations: Research affirms that a vast amount of investors are not well diversified. Furthermore, systematic risk—which affects entire markets and is impossible to avoid—is often ignored altogether. Lifestyles and legacies can become jeopardized as Modern Portfolio Theory (traditional diversification) fails to address systematic risk.1 Therefore an alternative framework is warranted. One which manages resources in a manner that supports household objectives, priorities, and belief systems with appropriate checks and balances. No strategy assures success or protects against loss, but the appropriate system can help. My processes are built around a dynamic lifestyle allocation framework which can adjust to resources and priorities and help keep households and clients on track with their goals.
My independent source base includes unconventional and geopolitical perspectives. While no one can predict future events with certainty, pre-defined trigger points are established for defensive discretionary action. Generally speaking, the world is facing perilous times. Preparation for extreme scenario(s) should always be balanced with a thoughtful approach to market opportunities now and in the future. Periodic newsletters and meetings inform Advisory clients as to my intentions and logic.
VII. Investment Strategy for Advisory Clients
Customized Investment model(s): Yes
Active and passive strategies: Yes
Types of securities employed in client portfolios: Individual securities, ETFs, CEFs, UITs, separately managed accounts and mutual funds primarily. Illiquid investments are avoided.
Investment Philosophy: Investments should be shaped within the confines of a lifestyle allocation framework consisting of five essentials: vision, plan, risk allocation, investment allocation, and adjusting when needed. Within this context, I favor passive management for large company core domestic positions and active management for less visible asset classes—such as smaller companies and international markets. Contrarian and opportunistic tactics are generally acted on through the use of individual equities.
1 Ashvin B. Chhabra, “Beyond Markowitz.” Journal of Wealth Management (Spring 2005), p 27.
Securities offered through Charles Schwab, Member FINRA/SIPC. Investment advice offered through ADK Wealthcare LLC, a registered investment advisor and separate entity from Charles Schwab
The opinions voiced in this material are for general information only and not intended to provide specific advice or recommendations. No strategy, including asset allocation or diversification, assures success or protects against loss. Investing involves risk of loss of principal. International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors.