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Alex Petrovic  - Financial Advisor in Prairie Village, Kansas for Alex Petrovic

Paladin Research Report For:

Alex Petrovic

Petrovic Financial Services

Alex Petrovic, a financial fiduciary, has been a Paladin Registry member since 2021. Alex is the owner of Petrovic Financial Services. Alex holds a Certified Financial Planner certification. Alex has over 16 years of experience. Alex has over 16 years of experience with Petrovic Financial Services firm. Alex provides financial services to clients in the Prairie Village, Kansas area.

I. Snapshot

Part I provides a quick summary of this advisor’s credentials, ethical history, and business practices. See additional descriptive information in Parts IV through VIII of this research report.

A. Registry Member
  • Since 2021
B. Years of Experience
  • 16
C. College Degrees
  • Truman State - Major in Finance Minor in Economics - 06/15/1998
D. Certifications
  • CFP®
E. Financial Fiduciary
  • Yes
F. Asset Requirement
  • $500,000

II. Contact Information

Part II provides general contact information

A. Key Contact
  • Alex Petrovic
B. Main Location
  • 4200 Somerset Dr
    Suite 217
    Prairie Village, Kansas, 66208
C. Telephone
  • 913-385-5523
D. Comments
  • We're a full-service firm offering investment management and financial planning services. This includes retirement planning, tax strategies, and insurance and estate planning. We offer personalized service and customized investment and financial planning designed for your unique situation. Our clients include corporate executives, business owners, retirees, and people who are planning to retire well. Our clients also include multiple generations of several families. We differ from many advisers because we're a fee only fiduciary firm. Fee only means we do not accept commission compensation since we do not sell products such as insurance or annuities. As a fiduciary, we are always legally bound to put your interests first and disclose any conflicts of interest.

III. Internet

You should use the Internet to conduct your own online research for advisors before you select them:

  • Visit firm websites
  • Google search names (advisors, firms, owners of firms)
  • Check advisor compliance records at FINRA.org
  • View firm ADVs at SEC.gov
  • View social connections
  • Read articles that have been written by this advisor or firm
Tip: The information on the Internet is easy to access, you retain your anonymity while you conduct your research, and you will find information that helps you make the right decisions.

B. Social Connections

IV. Firm(s)

This part of the research report contains important information that describes an advisor’s relationship to various financial firms.

RIA (Registered Investment Advisor): This type of firm registration permits the advisor to provide financial advice and services for fees.

Broker/Dealer: This type of firm licenses representatives who sell financial products for commissions.

Relationship: The advisor may be an owner, employee, partner, or independent contractor.

Tip: Make sure you know who owns the advisor’s RIA and Broker/Dealer (if applicable). The firm may look independent, but it may be owned by a bank or insurance company. Google the name of the owner to make sure there is no history of financial fraud, misrepresentation, or omission.

A. Name of Firm
  • Petrovic Financial Services
B. Relationship to Firm
  • Owner
C. Name of RIA
  • Petrovic Financial Services
D. Name(s) of Custodian(s)
  • Raymond James
E. Experience with current firm
  • 16
F. Comments
  • Alex Petrovic is a 3rd generation financial planner. He joined his father's firm in 2005. They worked together for 12 years (until his father's passing) delivering financial planning and investment management services to their clients.

V. Credentials

You want a real expert with documented credentials helping you plan your financial future and invest your assets in the securities markets.

Real experts have valid, documented credentials that include degrees, experience, and high quality certifications.

Experience: Years of experience is the best way for advisors to become real financial experts.

Education: Degrees should be from accredited institutions. Use the Internet to research schools you may not have heard of. Some advisors buy degrees to appear more knowledgeable than they really are.

Certifications: Also called designations, certifications are the best way for advisors to acquire specialized knowledge in shorter time periods. Some certifications are extremely valuable (CFA, CFP, CIMA, CPA). 35% of certifications are fake (Source: Paladin Research).

Associations: Membership in quality associations can also be a source of specialized knowledge if the organizations have continuing education requirements.

Firm Credentials: Some advisors represent firms that employ or license multiple professionals. Some of these professionals may impact your financial results.

Tip: Real experts have good educations, years of experience, and high quality certifications and designations.

A. Years of Financial Experience
  • 16 Years
B. College, Degrees, Years
  • Truman State - Major in Finance Minor in Economics - 06/15/1998
C. Current Certifications
D. Financial Industry Associations (Active Memberships)
  • NAPFA
  • FPA

VI. Registration, Licensing,
Compliance

You want a real financial expert. You also want an expert you can trust.

Registration: Only Registered Investment Advisors (firms) and Investment Advisor Representatives (professionals) can provide financial advice and ongoing services for fees.

Type of Registration: RIAs with less than $100 million of assets register with your state’s Securities Commissioner. RIAs with more than $100 million of assets register with the Securities and Exchange Commission.

Industry Licenses: These licenses permit advisors to sell investment and insurance products for commissions.

Registration & License Numbers: Use the advisor and firm’s registration and license numbers to check compliance records at: FINRA.org, SEC.gov, your State’s Securities Commissioner, and your State’s Insurance Commissioner.

State Licensing: Make sure the advisor is licensed to sell investment and insurance products in your state. Make sure the advisor is properly licensed before you buy.

Financial Fiduciary: RIAs and IARs are fiduciaries who are held to the highest ethical standards in the financial service industry. Salesmen are held to lower ethical standards that do not require them to put your financial interests first.

Compliance Record (Investment): Does an advisor or firm have disclosures on compliance records that are maintained by FINRA.org, SEC.gov, or your state’s Securities Commissioner?

Compliance Record (Insurance): Does an advisor or firm have disclosures on compliance records that are maintained by your state’s Insurance Commissioner?

Criminal Disclosures: It may be hard to believe, but convicted felons can obtain securities licenses if their crimes were not securities related.

Additional Disclosures: Advisors and firms have the option of providing additional disclosures that are published on their Paladin Research Reports.

ADVs: RIAs file ADVs with the Securities and Exchange Commission. These documents provide valuable information about advisory firms.

Links: Click on these links to view additional information about advisors and firms on third party websites.

A. RIA/IAR Registration
  • RIA
B. Type of RIA Registration
  • SEC
C. Registration & License Numbers
  • CRD: 4934721
  • IARD:
  • Insurance: We do not sell insurance, but we advise
D. State Licences
  • Financial Advice, Services for Fees: See List
    • Kansas
    • Missouri
    • Texas
  • Investment Products for Commission:
  • Insurance Products for Commission:
E. Compliance Record (Investment)
F. Compliance Record (Insurance)
G. Additional Disclosure(s)
  • Petrovic Financial Services and its representatives do not provide tax or legal advice, and nothing herein should be construed as such. Always consult with your tax advisor or attorney regarding your specific circumstances.
H. View our ADV(s)
  • Available Upon Request
I. Links

VII. Business Data & Practices

Part VII describes the advisor’s business and practices. How does the advisor’s business practices compare to other professionals you are considering?

Business Philosophy: Every advisor has a business philosophy. This makes philosophy a differentiating characteristic. Compare philosophies and select the one that has the highest probability of helping you achieve your financial goals.

Minimum Asset Requirement: A high percentage of financial advisors have minimum asset requirements for new clients. Advisors with bigger practices tend to have higher minimums. Advisors with smaller practices tend to have lower minimums. Some advisors will work with anyone who would benefit from their services.

Number of Current Clients: An indicator for the scope of an advisor or firm’s current business.

Assets Under Management or Advisement: An indicator for the scope of an advisor or firm’s current business.

Method(s) of Compensation: A critical variable when you select a financial advisor. Real advisors are compensated with fees. Salesmen are compensated with commissions. Some professionals receive both types of compensation.

Methods of Communication: Traditional advisors will meet face-to-face in your location or their offices. Virtual advisors communicate via email, telephone, or Skype. All Robo advisor communications are online.

Types of Reports: Performance reports are the most important type of documentation. You may also want brokerage statements, market environment reports, and newsletters.

Second Language: It may be important to you that your advisor speaks a second language.

Value Statement: This statement may describe how this advisor or firm produces value that offsets expenses that are deducted from your accounts. The statement may also describe differentiating characteristics.

Tip: Select an advisor or firm that has an investor-friendly business model and practices.

A. Business Philosophy
  • We have the privilege of managing our client's life savings and with that privilege comes great responsibility. Because of this responsibility, we pride ourselves on providing complete transparency, excellent client service, attention to detail and customized investment and financial planning, suited for each of our client's needs. Our clients tell us that we treat them like family and feel we are always looking out for their best interests.

B. Minimum Asset Requirement
  • $500,000
C. Second Language(s)
D. Value Statement
  • As trusted advisors, our job is to help you address the complexities of today's marketplace with professional guidance, a disciplined process, proper resources and unceasing vigilance.. As trained professionals, it is our privilege to offer you this kind of service because in your busy life, you have better things to do than keeping up with the markets.

VIII. Clients & Services

Part VIII provides information about this advisor or firm’s clientele and services.

Types of Clients: Describes the types of clients this advisor or firm works with. You should ask for a breakdown of clients to make sure the advisor works with a lot of clients like you.

Types of Services: Describes the types of services that are provided by this advisor or firm. Make sure the advisor provides the services that you are seeking.

Discretionary Asset Management: Some advisors and firms make investment decisions for clients without the clients’ approval in advance.

Limited Engagement Services: Some advisors provide limited engagement services that do not require assets.

Custodian(s): Financial advisors are not allowed to come in contact with your assets. They use the services of third party or firm custodians to hold your assets for you. Make sure the advisor uses the services of a brand name custodian or a custodian with a long history of providing services to investors with billions of dollars of assets.

Tip: There are five types of financial advice and services: Planning, Investment, Insurance, Tax, and Legal (wills, trusts).

A. Types of Clients
  • Individuals & Couples (Working)
  • Individuals & Couples (Retired)
  • Endowments & Foundations
B. Types of Financial Services
  • Financial Planning
  • Investment Advice & Management
  • Insurance Products & Annuities
  • Tax Advice and Services
  • Portfolio Management
  • Retirement Planning
  • 401K Rollovers
  • Wealth Management
  • Money Management
  • Risk Management
  • Education Funding and Planning
  • Financial Advice & Consulting
  • Financial Planning for Individuals
  • Financial Planning for Businesses
  • Estate Planning & Trusts
C. Discretionary Asset Management
  • Discretionary and Non-Discretionary
D. Limited Engagement Services
  • We don't normally provide hourly planning, however, we may provide it in some circumstances.

IX. Certification

Certification: Advisors certify the data in this research report are complete and accurate. Check Most Recent Update to determine the last time this advisor or firm updated this report.

Advisor Name
  • Alex Petrovic
Most Recent Update:
  • Nov 13, 2021

BASIC INFORMATION NEEDED FOR THE INQUIRY

Other

We do not sell insurance, but we review your policies to make sure you only have the insurance you need. We are not attorneys or CPAs, however, we do offer advise and work with your estate attorney and CPA to make sure you are saving on your taxes and that your estate plan is properly suited to your investments and trusts.