David A. Iobst, Certified Financial Planner™

CONNECT

Address:

323 Paddington Drive
Bear, DE 19701

Phone:

3026686820

Frequently Asked Questions

What makes you different?

First things first, I am a Certified Financial Planner™.  According to the CFP® board, fewer than 20% of all financial professionals have passed the rigorouos academic and ethical requirements needed to acheive this designation.  

Second, I have over 19 years of industry experience and I haven't even celebrated my 40th birthday yet!  Think about that.  The average adviser is in their 50s and many are considerably older.  Retirement could last several decades and having your adviser retire when you do could mean they won't be around when you need them the most.

While I've spent nearly half of my career counseling the general public, I've spent the other half of my career advising and consulting other financial advisers assisting with their most complicated cases.  Having worked on the advanced planning team at two major insurance companies, I have literally served as the adviser to the advisers.  

Finally, I offer meeting options that are convenient for my clients including house calls, phone, or virtual meetings using the latest video conferencing sofware.

 

Are you a fiduciary?  Yes, as a Certified Financial Planner™, I am a fiduciary and therefore required to put my clients interests ahead of my own. 

 

Do you have investment minimums?

While I do not require a specific minimum investment level, people with $50,000 or more may find my services to be the most cost effective.

 

How are you compensated?

I am happy to accept compensation on both a fee and commission basis to suit my clients' needs.  Commission compensation is generally appropriate for smaller accounts, accounts with infrequent activity, or clients who simply prefer to work on a contingency basis.  

On the other hand, fee based compensation, in the form of a percentage of assets under management, might make sense for larger accounts with more frequent trading activity or clients who desire both asset management and financial planning services and want to pay a fee that includes both.

Furthermore, some products that pay a commission do not offer a "no-load" or "commission free" option.  Life insurance, Long-Term Care Insurance, Disability Insurance, would be examples.  Therefore, I offer these products on a commission basis only in order to avoid receiving a both a fee and a commission.

Finally, I work with many indviduals who consider themselves to be proficient investors and are not looking for an ongoing relationship or asset management.  Rather, they may have a temporary financial situation they need help to nagivate or just want a "second opinion".  I am able to charge a fee on a project basis or annual retainer for a la carte services such as a portfolio review/second opinion, financial plan, estate plan, budgeting/cash flow, or funding for college education.

 

In what States are you licensed to practice?

I hold Life Insurance and Securities licenses in PA, DE, and MD.  

 

 

 

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck