Fiduciary Wealth Manager & Fee Only Financial Planning Advisor
Q: How can clients save so much in fees by working with UAK Diversified compared to other national companies like Ameriprise or Merrill Lynch? Isn't UAK Diversified a for-profit company?
A: UAK Diversified is not affiliated with any national insurance or mutual fund company. Financial advisors who are employees of or affiliated with these companies pay hefty prices for the "name recognition" of the firms, who spend hundreds of millions of dollars in advertisements. Further, financial advisors who are "captivated" by these national companies have stringent sales requirements (a.k.a, production quotas) to meet. UAK Diversified does not have to pay anything to these national companies and does not have pressure to sell expensive products. Thus, we pass the savings on to the client.
Q: If UAK Diversified is not affiliated with any national firms, do clients have limited products and services?
A: UAK Diversified has selected Charles Schwab & Co., Inc. as primary custodian for our clients’ accounts. Charles Schwab & Co, Inc. (“Schwab”) has more than 20 years of experience serving independent advisors. Schwab was a pioneer in the business of exclusively serving independent, fee-based investment advisors and their clients.
By using Schwab as primary custodian, UAK Diversified has access to a wide range of products and services that help us serve our clients, including:
UAK Diversified is supported by the primary custodian for the investment management. In addition, we provide full ranges of services including analysis and recommendations on net worth, cash flow, investment, retirement income, estate, and insurance analysis.
Q: UAK Diversified is a new startup investment advisory firm. How do I know my money will be safe?
A: UAK Diversified LLC is a registered investment advisor with the state of Minnesota. UAK Diversified LLC has selected Charles Schwab & Co., Inc. as primary custodian for our clients’ accounts.
The Charles Schwab Corporation is one of the nation’s leading providers of financial services. Through their operating subsidiaries, they provide securities brokerage, money management and financial advisory services to individual investors, independent investment advisors, and corporate and retirement plan sponsors and participants.
The Charles Schwab Corporation is financially stable, and they are committed to their continued financial health. Their capital structure and liquidity are sound, and their internal controls and business standards are designed to keep client assets safe. They maintain a disciplined focus on risk management and strive to operate the firm conservatively to minimize investment risks. They know that their success ultimately depends on how they serve all of their clients and their confidence in Schwab.
Financial results and more information about The Charles Schwab Corporation’s business and financial condition can be viewed at any time at www.aboutschwab.com.
UAK Diversified is properly registered with the state of Minnesota and the firm's public recorded can be found in
Investment Adviser Public Disclosure website of SEC and FINRA - Financial Industry Regulatory Authority .
Search CRD#: 300506 under https://www.adviserinfo.sec.gov/IAPD/default.aspx
Q: What if the co-founders, Sarah and Ujae Kang, decide to close the business? Or what if clients cannot get in touch with UAK Diversified employees after several attempts?
A: UAK Diversified LLC has selected Charles Schwab & Co., Inc. as primary custodian for our clients’ accounts. Schwab Advisor Services serves independent investment advisory firms like ours and includes the custody, trading and support services of Charles Schwab & Co., Inc.
If UAK Diversified were to dissolve, the custodian would continue to provide investment advice and management through the centralized client service department. The custodian also has branch offices in all of the major US cities, 4 in twin cities, where clients could go to meet and select a new advisor or get any service help.
Q: Why did the founders, Ujae and Sarah Kang, decide to get into the investment advisory business in their early 40s, especially when they were already financially secure with a stable income?
A: We, Sarah and Ujae Kang, have been managing and advising investment portfolios together for over 10 years for several clients. Ujae’s main job has been working as an investment actuary for an insurance company and Sarah’s main job has been homeschooling 4 boys. They lived comfortably. The majority of those years, they weren’t paid for the investment management and advice services they provided, since it wasn’t worth the cost of registering and hiring a legal firm to satisfy regulatory requirements. (Anyone who charges a fee for financial advice needs to be registered with the government). However, we felt a growing need for our services, so we decided to begin charging modest fees so that we can expand our number of clients. Nothing is more satisfying than serving and working for people who trust us with their wealth and their family’s financial security.
*These materials have been independently produced by UAK Diversified LLC. UAK Diversified LLC is independent of, and has no affiliation with, Charles Schwab & Co., Inc. or any of its affiliates (“Schwab”). Schwab is a registered broker-dealer and member SIPC. Schwab has not created, supplied, licensed, endorsed, or otherwise sanctioned these materials nor has Schwab independently verified any of the information in them. UAK Diversified LLC provides you with investment advice, while Schwab maintains custody of your assets in a brokerage account and will effect transactions for your account on our instruction.
Legal Disclosure: UAK Diversified LLC is a registered investment adviser with the state of Minnesota