Nicholas Phelps

Nicholas Phelps CFP®

About Nicholas

“I am a fee-only planner who specializes in comprehensive financial plans.”

I am a fee-only planner registered as an investment adviser in Pennsylvania.  My business is focused on creating comprehensive plans, preparing for retirement, and making asset allocation recommendations.

Education

Bachelors of Science, Economics, Penn State Univ

Certifications

Designations

Registrations

Firm CRD #158682

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

Typical Clients

People near retirement Public Employees

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.

Nicholas In The News

Contact:

Phone: (814) 933-0334 Address: 925 West College Ave
State College, PA 16801
nick@phelps-financial.com

Nicholas has answered 12 questions

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Nicholas Phelps
Answer added by Nicholas Phelps | 3409 views
5 out of 5 found this helpful

The answer to that question is 'no', but there is a lot of gray area.  An insurance sales rep could

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The answer to that question is 'no', but there is a lot of gray area.  An insurance sales rep could be a financial adviser, but not necessarily.

Some insurance agents will be licensed to sell both insurance and securities/investments, including variable annuities, mutual funds, etc.  They might be 'registered reps' who can sell securities, but not necessarily financial advisers.

A financial adviser might be a CERTIFIED FINANCIAL PLANNER™ practitioner or someone who has passed a series 65 exam for registered investment advisers.  They might sell some of the same products as an insurance agent, or not.  It all depends on business model:

Investment advisers might have a hybrid model where they sell products for commissions as well as charging fees for financial planning & investment advice, or they could be a fee-only adviser who does not sell any products.  A fee-only adviser might charge a flat fee or a percentage of assets for creating financial plans, making investment recommendations, or managing money.

I would encourage you to look into the qualifications of anyone you are considering working with.  What licenses do they have?  Do they have professional certifications?  Experience?  Specialties?  Are they registered as a broker or adviser?  Do they sell products or work on a fee-only basis?  Who to work with depends on what you need and want.

You can look up brokers and advisers here:

http://brokercheck.finra.org/Search/Search.aspx

Registered investment advisers have a Form ADV that explains the details of their business.

You can search for an adviser via the FPA plannersearch:

http://www.fpanet.org/PlannerSearch/PlannerSearch.aspx

Nicholas Phelps
Answer added by Nicholas Phelps | 183 views
1 out of 1 found this helpful

Generally, I would take this to mean that the insured has a policy with a death benefit of $1,000; meaning

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Generally, I would take this to mean that the insured has a policy with a death benefit of $1,000; meaning that if they die the beneficiary would receive $1,000 from the insurance company.  'Basic' life insurance might mean term life insurance (no cash value accumulation; death benefit only), as opposed to whole life or universal life policies that can accumulate cash value.

Nicholas Phelps
Answer added by Nicholas Phelps | 42 views
0 out of 0 found this helpful

Many people might skimp on business insurance, but I would not recommend it.  Be sure to get insurance

more »

Many people might skimp on business insurance, but I would not recommend it.  Be sure to get insurance coverage; because if something were to happen and you are without insurance, your personal assets will be at stake.  That is not a risk worth taking.

Nicholas Phelps
Answer added by Nicholas Phelps | 56 views
0 out of 0 found this helpful

I am in PA, and things can vary a bit between states, but the answer is yes.  Your auto policy will

more »

I am in PA, and things can vary a bit between states, but the answer is yes.  Your auto policy will pay first, up to the medical limit on the policy.  After that health insurance kicks in.  If you were not at-fault, the other party's insurance liability coverage may pay for your medical bills.

Nicholas Phelps
Answer added by Nicholas Phelps | 319 views
0 out of 0 found this helpful

Definitely.  It is a good idea to get an idea of what the insurance will cost, before buying the

more »

Definitely.  It is a good idea to get an idea of what the insurance will cost, before buying the motorcycle.  The agent will need the year/make/model; the VIN is even better.

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