Our Primary Purpose:
The GFS Family of companies:
Donald A. Galade started in the Financial Services industry with Metropolitan Life Insurance in 1987. At that time, he marketed life insurance and mutual funds as a registered representative. In 2007 Mr. Galade started Galade Financial Services, Inc., an insurance marketing organization.
In Feb of 2011 GFS Financial Advisors, LLC, A Registered Investment Advisor firm was formed. GFS Financial Advisors, LLC performs wealth management and fee-based financial planning services from our corporate offices in Drums, PA. Last but not least, In 2014 Kingdom Financial Ministries was created as a DBA to GFS Financial Advisors, LLC. for Faith-Based financial planning services.
Over the last three decades, we have found that a team approach can be an effective method to help clients who have a wide variety of needs as they maneuver through a complex financial-services world.
WHAT IS A FIDUCIARY? CLICK HERE.
As a Fiduciary Advisor, we believe no two investors are alike. To help each client, meet their financial goals, we base our process on a client-focused personalized approach using multiple investment strategies. Our financial advice and recommendations are tailored to our clients’ investment goals, desired return objectives, risk tolerance, time horizon, cash requirements, and tax situation.
Our investment strategy is designed based on your long-term investment goals of preserving principal, maximizing income, or accumulating capital. As a fiduciary, we have an obligation to ensure the appropriate products are chosen based on the client’s best interest.
We develop your personalized asset allocation model based on individual risk tolerance, objectives, and financial needs. Our goal is to maximize your investment returns while minimizing your risk through diversification of your assets.
The product is secondary to your goals. We search for the best solutions for your desired outcome. We have made it our mission to help provide our clients with complete financial peace of mind. This is accomplished through holistic philosophy, focusing on relationships, respect, commitment, confidence, and expertise. GFS strategies focus on accumulation, distribution, protection, and performance, but most important asset allocation and protection.
We focus on the big picture for our clients, considering all aspects of financial planning, not just your investments. That’s why we review recent tax returns, all investment plans, your existing debt structure, short and long term savings vehicles, insurance plans, and legacy documents, to ensure each client has a comprehensive and customized plan that meets their individual goals.
As a Fiduciary advisor near you, GFS strives to educate our clients on all financial vehicles available in today’s market. Using these vehicles effectively, we then build a customized M.A.P.which becomes the blueprint for the future.
Our firm does not give legal advice, but we have partners who do. Our firm does not give tax advice, but we have partners who do. We work for our clients, not financial institutions. Our clients are presented with accurate and complete information when formulating financial strategies as well as ensuring these strategies are properly implemented.
As specialists in life insurance and wealth transfer strategies, we help you understand the impact your financial position will have on your heirs and how to make sure your nest egg takes care of you and those you care about most. We invite you to discover and experience the power of our services. We believe it has far-reaching benefits for our clients to get opinions from several sources with diverse backgrounds, education, and experience.
No one strategy fits everyone, which is why every client gets our undivided attention—from planning to execution to follow-up. We take a proactive approach to help you develop a strategy to address your financial goals and objectives, using the most efficient methods available.
Recognizing that everyone encounters challenges along the way, we strive to anticipate and address those situations as they occur. We want to keep you on track toward a meaningful and purpose-driven financial future.
We invite you to check out all the material on our website. If something prompts a question, please send us a quick email or call our office. We look forward to speaking with you.
How Do You Find The Right Advisor For Your Needs?
Many advisors talk about strategies, or how to re-allocate a portfolio. Asset allocation is the real key to sustained growth in a portfolio, not market timing. You cannot manage your portfolio based on short term gains and losses, but long-term results as it correlates to the assigned goal of the funds.
My income is derived by helping people plan. Whether it is income planning, tax planning, estate planning or retirement planning, our firm assists a client with identifying their financial goals and developing a strategy, or blueprint, to achieve them. So as you can guess, the question I get asked the most is: “what should I invest in?” This is not an easy question to answer. We spend a great deal of time with our clients acquiring information in order to prepare a comprehensive analysis before we can address the question of where to place a client’s funds. A great deal of information must be obtained before a recommendation can be made.
I liken my practice to that of a doctor. When you go to a new practitioner for the first time, he/she must obtain your family history and medical information. The doctor must know what you are allergic to, or where it hurts before they can prescribe a course of treatment. The same is true with your investment strategy. You can prepare a forensically designed financial plan based on your risk tolerance, tax bracket, desired income level, and goal structure; or you can take the advice of every stockbroker that comes along with the latest tip on how to bag the elephant. Take my advice; find an advisor that will build a platform in which your portfolio sits, rather than throwing darts at the Wall Street Journal in the hopes of timing the next bull market.
If you have a specific need, find a professional that is an expert in that field, and utilize them. Stop purchasing stocks on tips and buying funds or bank products without a clear and concise goal as to what it is you expect these funds to do for you. Using the right advisor is the key to a successful strategy. If you used a salesman who just offers products, you will ultimately get burned. Utilize a professional who knows the laws and regulations on all matters of estate planning and investing.
When you are young you can go to the general practitioner for all your medical needs. As you mature, it is the specialists that keep you alive and well. Your family doctor recommends you see the heart specialist not because the family doctor doesn’t know how to treat you; but since the specialist is the expert in this field. Do not use a general practitioner with your retirement money and estate planning needs.
When you are young you have the luxury of time on your side. As you get older and face the inherent threat of outliving your money or losing it with one long-term illness, you need a specialist. You need someone who knows the laws, regulations, and caveats that affect folks in retirement years. Do not trust the crucial decisions you must make in your golden years to a general practitioner, and please do not shop for the price to get the best deal on your planning needs. This is not a used car; it’s your entire life savings. The online site that you use to generate a will may be fine for some, but beware it does not come with an online lawyer to defend it when something is challenged after you die. Seek out the best licensed, knowledgeable, Christian advisor(s) and attorneys in your area and utilize them.
Not all advisors are the same. Many choose products for a client that may be more in line with the advisor’s best interests than that of the client. Some advisors sell the same products or services to all of their clients. One cannot say a particular product is either good or bad for every person. So before you sign up with an advisor, do some homework. Have a list of questions and concerns ready for the professional you are thinking about utilizing and interview them.
It is especially helpful if you can find an advisor, an attorney, and an accountant who have a good working relationship with each other. We live in a litigious society. I have seen families break up over $5,000, let alone $5,000,000. It does not matter what size your estate is, you need a plan and a Christian plan. You can make many decisions regarding your finances and your stuff without getting God involved, but I would not recommend it. If your estate planner or financial advisor notices you will have an estate tax issue upon your death, this is a great time to fix that by giving some money to God, while you are alive. There are websites that can assist you in locating the right individual for your needs.
To find a qualified advisor you need to ask specific questions about his/her practice. You need to be sure you are getting good advice. You would not seek the services of a plumber if you needed surgery. Be sure to match the services you need with the provider you are using. Even if you have a qualified advisor currently, a second opinion from a Christian business professional will either confirm or deny your decision to use the professional you have chosen. If a doctor told you surgery was needed, you would seek a second opinion
What is your educational background?
What is your experience and how long have you been in the industry?
What are your credentials?
Do you have a specialty?
What licenses do you currently have?
Do you carry errors and omissions insurance and what amount?
Can you provide references?
All financial professionals make money by offering products. You need to know how the individual you are working with gets paid.
How are your fees or commissions paid, and what are they?
Do you have a minimum fee or minimum account balance requirement?
How many clients do you have?
Will you provide a detailed written financial plan including your recommendations?
Be leery of advisors who make claims that are too good to be true and cannot back up what they are saying with statistics and evidence. Also, if the person you are working with is suggesting excessive trades or policy conversions and they do not do a comprehensive fact-find to ascertain your investment goals and objectives first, you may want to find another advisor. The most important facet of an estate plan is the information shared with your advisor. Your estate planning professional should gather a multitude of facts about your current and expected financial situations before any recommendations could be entertained.