Michael Kothakota

Michael Kothakota CFP®, AFC, CDFA

About Michael

“I am a quantitatively-minded and relationship focused financial advisor who likes working with individual clients.”

Michael is the CEO of WolfBridge Financial. Michael served in Operation Iraqi Freedom as a soldier in B Co, 1/120th Infantry out of North Carolina. He has written extensively on the financial issues of divorce and has testified as an expert witness in Family Court in North Carolina. Michael has been featured on radio and other media as an expert discussing issues dealing with divorcing couples. He holds an MBA from NC State University and is a CERTIFIED FINANCIAL PLANNER(R). Michael has passed Level I of the CFA designation and is pursuing Level II. He holds a Certified Divorce Financial Analyst (CDFA) designation, Accredited Financial Counselor (AFC) designation, Accredited Member (AM) and is a Financial Mediator and a member of the AFCPE and the American Statistical Society. He is currently a Master's candidate in Predictive Analytics at Northwestern University in Chicago.

Education

B.S. , Business Management, North Carolina State University
M.S., Predictive Analytics, Northwestern University

Certifications

Designations

Registrations

Firm CRD #148317

Certified Financial Planner (CFP) is a designation issued by the Certified Financial Planner Board of Standards

Educational/Exam Requirements:

  • Completion of CFP-board registered study program, or alternative degree or certification, demonstrating mastery of over 100 topics surrounding financial planning
  • Pass 10 hour exam testing knowledge in financial planning situations

Prerequisites/Experience Requirements:

  • A bachelor’s degree (or higher) from an accredited college or university, and
  • Three years of full-time personal financial planning experience

Public Disciplinary Process? Yes

Continuing Education Requirements: 30 hours every two years

Accredited Financial Counselor (AFC) is a designation issued by the Association for Financial Counseling and Planning Education

Certified Divorce Financial Analyst (CDFA) is a designation issued by the The Institute for Divorce Financial Analysts

Educational/Exam Requirements:

  • Self-study course consisting of four modules
  • Modules 1-3 end with multiple choice exams, module four concludes with a case-study exam

Prerequisites/Experience Requirements:

  • Three years of experience as a financial professional, accountant, or matrimonial lawyer

Public Disciplinary Process? Yes

Continuing Education Requirements: 15 divorce-specific hours every two years

Typical Clients

Divorcing couples Engineers/scientists Young professionals

How I Can Help

Personal Finance Retirement Investing

Fee Structure

Fee-only Asset-based Commissions Hourly Other Contingency
Learn more about how advisors are paid in our Guide to Advisor Compensation.

Contact:

Phone: (919) 346-8105 Address: 4601 Lake Boone Traile
Raleigh, NC 27607
michael.kothakota@wolfbridgefinancial.com

Michael has answered 4 questions

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Michael Kothakota
Answer added by Michael Kothakota | 93 views
1 out of 1 found this helpful

There are some ways, some more sophisticated than others.  You could: 1)  Directly invest in

more »

There are some ways, some more sophisticated than others.  You could:

1)  Directly invest in U.S. government securities

2)  Write (sell) "covered calls" which is an option against an investment you already own.  

3)  Commercial paper

The problem is that you have a short-term goal and there is often not much time to recover from any losses.  The above methods should virtually eliminate any downside, but there is always a chance you could lose money.

The bottom line is the biggest indicator of what you have saved for a downpayment is the actual money you have saved.

Michael Kothakota
Answer added by Michael Kothakota | 55 views
1 out of 1 found this helpful

Divorce insurance is often in place in the (hopefully) unlikely event that you would get divorced. 

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Divorce insurance is often in place in the (hopefully) unlikely event that you would get divorced.  It has gained some popularity out in the Western part of the United States. 

The gist is - you purchase divorce insurance (pay a premium) and in the event you get divorced, your legal fees would be paid for by the company insuring your divorce (up to a the amount covered under your policy).  This would allow you to get divorced and not face financial hardship. 

After all, divorce is hard enough as it is.

Michael Kothakota
Answer added by Michael Kothakota | 43 views
0 out of 1 found this helpful

The 403(b) plan is usually offered by some hospitals and non-profit organizations.  Usually you

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The 403(b) plan is usually offered by some hospitals and non-profit organizations.  Usually you would offer one of these when your organization is earning enough revenue consistently to provide the platform as a benefit to employees.

Most Executive Directors and non-profit boards would at some point want to start recruiting high quality staff or retain the good staff they have.  403(b) plans are often used as incentive tools.

Michael Kothakota
Answer added by Michael Kothakota | 1272 views
0 out of 1 found this helpful

Curtis is correct.  You need an insurable interest.  Alimony could be an insurable interest. 

more »

Curtis is correct.  You need an insurable interest.  Alimony could be an insurable interest.  Even if you were not awarded alimony (some states bar those who were unfaithful in their marriage from alimony), you may have an insurable interest.

How much of an interest is debatable. 

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