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.
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.