Andrew Comstock

Andrew Comstock CFA

Andrew is a Financial Advisor. He helps clients achieve financial independence, build, manage, and preserve wealth and manage investments.

About Andrew

“I offer comprehensive, fee-only financial advice and investment management to individuals and business owners.”

Andrew Comstock has more than 13 years experience as a portfolio manager where he provided clients expertise in investment management, financial planning and retirement planning. He founded Castlebar Asset Management, a fee only registered investment advisory firm, in order to provide his clients with the highest degree of service, independent financial advice and expertise. Mr. Comstock has demonstrated his commitment to his profession by earning the financial industry’s top credential in the Chartered Financial Analyst (CFA) accreditation. Andrew specializes in working with individuals and business owners in the areas of portfolio management, estate planning, and business retirement planning. Castlebar works with clients in the Johnson County Area which includes: Leawood, Overland Park, Lenexa, Shawnee, Olathe, Mission Hills, Prairie Village, Fairway, Westwood as well as Kansas City, Missouri. 

Education

BSBA, Finance, University of Tulsa

Certifications

Registrations

Individual CRD #5523171

Typical Clients

Business Owners Young couples Young professionals

How I Can Help

Personal Finance Retirement Investing

Fee Structure

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

Typical minimum Client Assets:

$100,000

Andrew In The News

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Contact:

Phone: (913) 562-9082 Address: 11233 Nall Ave Suite 100
Leawood, KS 66211
andrew@castlebaram.com

Andrew has answered 59 questions

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Andrew Comstock
Answer added by Andrew Comstock | 8830 views
9 out of 11 found this helpful

Having an emergency fund established is a foundation to becoming financial independent. The next step

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Having an emergency fund established is a foundation to becoming financial independent. The next step once you have reached your goal of having three to six months in your emergency fund is how should you investment this money. 

When it comes to where to put an emergency fund you should think safety first. This account is not something you are looking to maximize returns. It is there to provide a cushion when the unexpected happens. Your emergency fund should be in either a savings or money market account. In today’s low interest rate world it might seem like nails on a chalk board to hold cash and earn next to nothing. In the moment you need it you’ll be pleased it is there.

Setting up a savings account at an FDIC insured financial institution is a great place to hold this account. Another option is to put it in a money market fund with mutual fund or brokerage company. Money markets could enable you to pick up a little bit more interest but still meet the liquidity requirements needed.

If you just can’t bear the interest rates offered in savings or money market accounts there are a few other options.

Online savings accounts are a way to pick up between 0.5% to 1% in interest over traditional savings accounts. There are many great sites out there that will show which banks are paying the best rates.

Breakable CDs can be a way to get rewarded for parking your emergency fund for a longer period of time. Banks offer a certificate of deposit that will allow you to withdraw money with only a slight penalty of a month or two of interest payments. CDs have the additional benefit of keeping this cash outside of your immediate reach. If you are tempted to use your emergency fund to buy discretionary items this could be a good choice

Blending these accounts or investments is also a smart decision. Keeping three months of expenses in a savings account and three months in CDs or some other combination is an intelligent way to invest your emergency fund.

It is smart to start saving for retirement using a Roth IRA. I would not use it for your emergency account. It best to keep those seperate.


Andrew Comstock
Answer added by Andrew Comstock | 228 views
3 out of 3 found this helpful

A direct rollover from a 401(k) will not trigger a tax event. If you roll the Roth portion into a Roth

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A direct rollover from a 401(k) will not trigger a tax event. If you roll the Roth portion into a Roth IRA, the regular 401(k) and employer contribution into a traditional IRA you should not have any issues. The plan sponsor or an investment advisor can walk you through how to make sure this is not a taxable event for you.

Hope this helps!

Andrew Comstock
Answer added by Andrew Comstock | 57 views
2 out of 2 found this helpful

Betterment or any of the Robo Advisor providers are a great place to start investing. If you are in your

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Betterment or any of the Robo Advisor providers are a great place to start investing. If you are in your 20s and looking to open a retirement account these are a cost effective way to have your money professionally managed.

You will not get personalized advice or financial planning but Betterment will take care of your investments.

Hope this helps.

Andrew

Andrew Comstock
Answer added by Andrew Comstock | 245 views
2 out of 2 found this helpful

It sounds like you are doing a lot of things correctly. High net worth families do hold assets outside

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It sounds like you are doing a lot of things correctly. High net worth families do hold assets outside of your traditional investments like rental properties, real estate partnerships and businesses. There are advantages and disadvantages to moving outside of a traditional framework.

Your best course of action is to probably sit down with a financial planner or investment advisor who can help create a strategy to accomplish what you are trying to achieve. They can show different asset categories which you should consider. Before moving into alternative investments I would make sure that you are educated and feel comfortable in anything you invest in. I would advise my clients to be opportunistic about this type of investing and not too move quickly.

Hope that helps.

Andrew Comstock
Answer added by Andrew Comstock | 1656 views
2 out of 2 found this helpful

Welcome back to the US. I lived abroad for almost 5 years and moved back to the US and faced some of

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Welcome back to the US.

I lived abroad for almost 5 years and moved back to the US and faced some of the same challenges. You should be able to establish credit relatively quickly given some of the information you have presented. Having assets will make you an attractive candidate to lend to for a bank.

The bank you open your checking and savings account will be a great place to start building your credit. They will be able to issue you a credit card and line of credit for an auto loan if you have enough assets with them. Your home loan may take sometime to move forward on. Once you are able to demonstrate to the bank or lender you have a working history in the US (sometimes 2 years) they should feel comfortable to move forward on a mortgage and you'll have a credit score established at that point as well. It could happen quicker but you'll have to work with your banker to see what their underwriters are looking for.

Also don't forget about your pension accounts you have accumulated overseas. If you have contributed to them you can sometimes receive them as a lump sum payout. There are tax issues surrounding this so I would recommend talking to a CPA before moving forward.

Good luck with your transition.

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