Fiduciary, Independent, Fee Only Financial Advisors
The complimentary full financial review may reveal essential insurance protection needs.
We discuss insurance protection strategies that are most appropriate for our clients based on his/her priorities and unique situation. After that, we refer you to an independent insurance broker, unaffiliated with UAK Diversified, who can objectively help you choose specific companies and product types based on the financial strength of the insurance companies and competitiveness of the premium. We remove ourselves from collecting any fees or commissions from any insurance contracts as a NAPFA member to preserve objectivity of our advice and avoid any potential conflict of interest.
Insurance protection planning is a part of comprehensive financial planning. We are Registered investment advisors serving Saint Paul, Minneapolis, Rochester, and near Twin City areas and where otherwise legally permitted. Please Email me with inquiries.
Insurance protection is just as, if not more important than wealth accumulation.
A rule of thumb for life insurance is that, at a minimum, the policy should be valued at about 20 times more than your annual expenses. Typically, annual expenses of surviving members of the family do not decrease materially. We generally recommend term life insurance because it is the most cost efficient.
Disability insurance pays out your lost income when you become disabled due to an injury or illness. Understanding how your employer's short-term disability insurance policy and social security disability insurance work are very important in evaluating long-term disability insurance options.
Long term care insurance is not for everyone. It is very expensive and insurance companies have been raising premiums in order to stay solvent, making it virtually impossible for existing policy holders to keep their policy. We would be happy to provide you strategies to plan and pre-fund a policy such that you don't have to worry about losing a policy.
Discuss amount of insurance needed
Discuss minimal essential coverage needed to provide protection for your family and business
Discuss insurance need in order to deal with outstanding debt for those who survive you
Sarah Kang, CFP(R):
She enjoys helping people with comprehensive financial planning with a focus on listening with empathy. Sarah holds the Certified Financial Planner Designation.
Ujae Kang, CFA, CAIA, ASA, MAAA:
Nearly 2 decades of progressive experience in actuarial, accounting, and investment management fields helping global corporations with investment & cash flow solutions.
James Mahnke, CTA, CPO:
Recognized investment portfolio manager with over 3 decades of experience. He received industry's most respected awards in investment management, including a number one Barclay Institutional Report ranking, Lipper top-third mutual fund ranking, Russell top quartile performance, and Morningstar top quartile ranking.
The charts are for informational purposes only and is not intended to be a projection or prediction of current or future performance of any specific product. All financial products have an element of risk and may experience loss. Past performance is not indicative of future results.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of UAK Diversified LLC dba UAK Diversified Wealth Management and our editorial staff. The information contained in this material has been derived from sources believed to be reliable, but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Advisory services are offered by UAK Diversified LLC dba UAK Diversified Wealth Management a Registered Investment Advisor in the State of Minnesota. UAK Diversified Wealth Management is not affiliated with or endorsed by the Social Security Administration or any other government agency.
The presence of this website shall in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services to any residents of any State other than the State of Minnesota or where otherwise legally permitted. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions.
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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.
We are Fiduciary, Independent, and Fee only financial advisors. You can expect Objectivity, Open Communication, Accountability, Discipline, and Coordination. We are Registered investment advisors serving Saint Paul, Minneapolis, Rochester, and near Twin City areas and where otherwise legally permitted. Please Email us with inquiries.