Education and Experience

 

Education

kansas
University of Kansas – BS in Business
 

 

Experience

After more than a decade in the business, Andy Tate and Ben Setterlund have helped clients improve their financial situation. They guide clients toward their goals using that experience and the specialized training they have received:

  • CERTIFIED FINANCIAL PLANNER™
  • Chartered Financial Consultant™
  • Certified Divorce Financial Analyst®
  • Recognized by Minneapolis/St. Paul Business Journal 2013 as a “Five Star Wealth Manager.”

 

CFP®

Only those who have fulfilled the certification and renewal requirements of CFP Board can display the CFP® certification trademarks which represent a high level of competency, ethics and professionalism. And because they are held to a fiduciary standard of care, a CFP® professional is required to act in your best interest.

1

Examination

CFP® professionals must pass the comprehensive CFP® Certification Exam, which tests their abilities to apply financial planning knowledge to real-life situations. This comprehensive exam ensures that a CFP® professional is highly qualified to develop a plan for your finances.

 

2

Experience

CFP® professionals complete several years of experience related to delivering financial planning services to clients prior to earning the right to use the CFP® certification trademarks.

 

3

Ethics

CFP® professionals are held to the highest of standards, as outlined in CFP Board’s Standards of Professional Conduct. They are obliged to uphold the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence as outlined in CFP Board’s Code of Ethics.

 

4

Education

Unlike many financial advisors, CFP® professionals must develop their theoretical and practical knowledge by completing a comprehensive course of study at a college or university offering a financial planning curriculum approved by CFP Board.

 
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

About CFP Board – The Four E’s Copyright ©2017, Certified Financial Planner Board of Standards, Inc. All rights reserved. Used with permission.

 

ChFC™

The Chartered Financial Consultant designation provides an advisor with a comprehensive understanding of key financial planning principles. To earn this designation the advisor must have three years of fulltime business experience and complete and pass 9 courses (with exams) on the following subject matter: insurance planning, income taxation, retirement planning, investments, and estate planning. Additionally, advisors must abide by a code of ethics and complete continuing education requirements.

 

CDFA™

Achievement of the CDFA signifies a financial advisor’s dedication to learning about and helping individuals undergoing a divorce. This designation helps educate advisors as to the financial issues that individuals in this situation should consider when creating their financial strategy. This designation is offered through the Institute for Divorce Financial Analysts (IFDA™).

The Institute provides comprehensive training using a variety of knowledge and skill-building techniques. CDFA candidates learn how to help their clients with financial issues that will affect the rest of their lives. Andy can assist clients going through divorce with assessing retirement assets and pensions, as well as other financial issues affecting divorce.

To acquire the designation, a candidate must successfully pass all exams (modules) with a minimum score of 70% for each one and be in good standing with their Broker Dealer (if applicable) and the FINRA/SEC or other licensing or regulatory agency.

The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively employed as a credentialed professional in the financial services industry for a minimum of five years; 3. Favorable regulatory and complaint history review; 4. Fulfilled their firm review based on internal firm standards; 5. Accepting new clients; 6. One-year client retention rate; 7. Five-year client retention rate; 8.
Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or awarded. Once awarded, wealth managers may opt to purchase additional profile ad space or related award promotional products. The award methodology does not evaluate the quality of services provided. The award is not indicative of the award winner’s future performance.
2,151 Twin Cities area wealth managers were considered for the award; 863 (approximately 40 percent of the award candidates) were named Five Star Wealth Managers. This represents no more than 7 percent of the 17,500 financial services professionals in the Twin Cities area.
To qualify as having a favorable regulatory and complaint history for this award, the person cannot have (1) been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine, (2) had more than a total of three customer complaints filed against them (settled or pending) with any regulatory authority or Five Star Professional’s consumer complaint process, (3) individually contributed to a financial settlement of a customer complaint filed with a regulatory authority, (4) filed for bankruptcy, or (5) been convicted of a felony.