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Allen Capital Group Review

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Allen Capital Group, LLC

Allen Capital Group, LLC

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: 

  • Individuals
  • 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. 

Disclosures

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. 

Tips for Finding the Right Financial Advisor

  • Want an advisor who will always put your interests first? Then you want what's called in the industry someone who is "fee only." SmartAsset's pro matching tool can help you find one in your area. After you answer a handful of questions, we'll connect you with up to three financial advisors based on your preferences.
  • 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 Many Years $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 To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then 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 the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. 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.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research