Offering investment management and financial planning services, Allen Capital Group is a registered investment advisor (RIA) with more than $510.24 million in assets under management (AUM). The Nebraska firm has headquarters in Grand Island and branches in Omaha and Scottsbluff. The team includes seven certified financial planners (CFPs), six certified public accountants (CPAs) and one chartered financial analyst (CFA).
Allen Capital Group Background
Founded by father-and-son duo Eric and Mark Allen, the firm started as a family business in 2005. It's grown beyond that, employing 29 people, including 18 advisors. The Allens remain principal owners and managing members.
Allen Capital Group Client Types and Minimum Account Sizes
Allen Capital Group works with a variety of client types including:
- Profit-sharing plans and participants
- Pensions and other retirement plans
- Corporations and other business entities
- Trust, estates and other charitable organizations
Services Offered by Allen Capital Group
Allen Capital Group offer investment advice tailored to the risk tolerance and financial goals of its clients. It continuously monitors their investment accounts while making changes if deemed necessary. Also, the firm provides financial planning services covering such topics as:
- Tax preparation and planning
- Estate planning
- Risk management
- Social Security analysis
Additionally, the firm serves as a fiduciary advisor to retirement plan sponsors under the Employee Retirement Income Security Act (ERISA).
Allen Capital Group Investment Philosophy
Allen Capital Group emphasizes diversification when making investment recommendations. The firm's advisors aim to build a portfolio with various asset classes it considers suitable to help you meet your investment goals. It also makes investment decisions based on your risk tolerance, financial situation and other personal factors.
Fees Under Allen Capital Group
Allen Capital Group charges annual fees based on a percentage of your assets under management. The firm doesn’t currently publish its fee schedule, but this fee typically won’t surpass 1.75%.
These fees may be charged in arrears or in advance depending on the client agreement.
What to Watch Out For
Allen Capital Group advisors may also be licensed insurance agents. This dual role may lead to potential conflicts of interest. It can also be confusing, since advisors and insurance agents may have different standards of behavior. When receiving a recommendation, clients should ask if it is in their best interest or only suitable. Also, be sure to ask whether and how the advisor and firm may benefit.
Within the past 10 years, Allen Capital Group has not undergone any legal or disciplinary event that may be material to a client or potential client’s evaluation of the firm’s business practices. For the latest information, you can access the firm’s form ADV on the SEC's Investment Advisor Public Disclosure website.
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- Ask prospective advisors if their firm has a dedicated compliance officer. Ideally, you want to hear yes, because then there’s more of a chance that regulations and policies are being followed. But small firms may not have the resources to hire a person, in which case, you’ll want to know what the firm does to ensure that regulations and policies are being followed.
All information was accurate as of the writing of this article.