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Allen Capital Group Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Offering investment management and financial planning services, Allen Capital Group is a registered investment advisor (RIA) with hundreds of millions of dollars in assets under management (AUM). The Nebraska firm has headquarters in Grand Island and branches in Omaha and Scottsbluff. The firm holds a spot on SmartAsset's list of the top financial advisors in Nebraska.

As a fee-based firm, some advisors at Allen Capital Group may earn third-party commissions for selling or recommending insurance products to clients in addition to the advisory fees that clients pay.

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 dozens of people, including almost two-dozen advisors. The Allens remain principal owners and managing members of the firm. 

The team at Allen Capital includes five certified financial planners (CFPs), nine certified public accountants (CPAs), one chartered financial analyst (CFA) and one personal financial specialist (PFS).

Allen Capital Group Client Types and Minimum Account Sizes

Allen Capital Group works with a variety of client types including: 

  • Individuals with and without a high net worth
  • Profit-sharing plans and participants
  • Pensions and other retirement plans
  • Corporations and other business entities
  • Trust, estates and other charitable organizations
  • Private schools

The firm typically requires a $50,000 minimum investment to become a client, although exceptions may be granted at the discretion of Allen Capital Group.

Services Offered by Allen Capital Group

Allen Capital Group offers 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. The firm also 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. 

The firm generally assumes a long-term investment approach based on buying and holding assets for more than a year. However, Allen Capital Group may also engage in short-term strategies that require assets to be sold less than a year after they were purchased.

Advisors may build client portfolios using individual stocks and bonds, actively managed mutual funds, passively managed index funds, as well as exchange-traded funds (ETFs).

Fees Under Allen Capital Group

Allen Capital Group charges annual fees based on a percentage of your AUM. The firm doesn’t currently publish its fee schedule, but its annual rate 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 does not have any legal or disciplinary disclosures listed on its most recent Form ADV filed with the U.S. Securities and Exchange Commission.

However, Allen Capital Group advisors may also be licensed insurance agents who can earn sales commissions. This dual role may lead to potential conflicts of interest. However, since the firm is a fiduciary, Allen Capital Group must always act in your best interest.

Opening an Account With Allen Capital Group

If you're interested in working with Allen Capital Group, contact the firm through its website or call one of its offices in Nebraska.

All information is accurate as of the writing of this article.

Tips for Finding the Right Financial Advisor

  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • 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.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.