2627 Chestnut Ridge Drive
Shank Wealth Management is a team of professionally trained Financial Consultants and Administrative Professionals; focusing on retirement planning, business investment plans, individual wealth accumulation, and preservation strategies. We understand the concerns people have when it comes to managing their finances; safety of their assets, growth of their portfolio, and personal service. Founded in 2006, this family based business has more than 85 years of combined experience.
We are an independently owned and operated branch office aligned with LPL Financial. Which means we can offer diversified financial advice verses other firms that are required to market specific financial products. We have the freedom to tailor financial choices to the individual situations and desires of our clients.
In today’s increasingly complex financial markets with longer life expectancy, fluctuating medical policies, wavering pensions and social security promises, working with an investment professional is more important than ever. Finding a trusted, qualified advisor that can help you define your big picture financial goals and establish the right financial strategies to pursue them is one of the most important decisions you can make.
No matter where you are in life, Shank Wealth Management realizes their clients have dreams and aspirations, whether you are just getting started, nearing retirement or retired. It is our desire to provide the best financial advice available in the ever changing world markets.
A personal financial advisor is someone you cultivate a relationship of trust with. He or she is an educated, experienced, and licensed professional who provides financial advice and services according to your specific needs. Their expertise and experience can save you costly errors, mitigate risk, as well as offer a suite of services and products aligned with your current and future goals.
LPL Financial was founded over 30 years ago with a pioneering vision to help entrepreneurial financial advisors establish successful businesses through which they could offer truly independent financial guidance and advice. As the nation’s leading independent broker-dealer*, LPL offers an integrated platform of proprietary technology, brokerage, and investment advisor services to more than 16,000 financial advisors and approximately 700 financial institutions.
*As reported by Financial Planning magazine, June 1996-2019, based on total revenue.
Symphony Financial is an LPL Financial independent RIA and Hybrid RIA broker-dealer, and an Office of Supervisory Jurisdiction (OSJ). As an OSJ they hold supervisory responsibilities for advisors and branch offices with in a designated region. As OSJ Branch Managers, Symphony Financial holds a fiduciary responsibility to monitor all accounts and account activity, to assure all advisors and administrative staff are in compliance with all federal, state, and FINRA rules and regulations, as well as all LPL Financial policies and procedures. Shank Wealth Management has partnered with Symphony Financial to utilize their services as a Hybrid RIA and an OSJ Branch Manager.
A Registered Investment Advisor (RIA) is a person or firm who advises individual or institutional investors on investments and manages their portfolios. They are registered with the Securities and Exchange Commission (SEC), who regulates RIA’s activities and education. RIA’s have a fiduciary duty to their clients; which mean they have a fundamental obligation governed by SEC regulatory rules to provide investment advice that only acts in their clients’ best interest. RIA’s have the flexibility to work with a wider range of investment options, products, annuities and alternative investments. They are not required to sell proprietary products. They will hold a Series 7 license and Series 65 or 66 license. Hybrid RIA operate in the same manner and are held to the same regulatory rules and responsibilities as an RIA. The difference is Hybrid RIA have the flexibility to divide business between fee-based (Advisory) or commission-based (Brokerage) accounts and products.
Shank Wealth Management believes in ‘giving back’ to the community. We have a personal commitment, involvement, and dedication to the community that gives us so much and we feel an obligation and responsibility to actively give back to those from whom we receive so much. We support the Lake Houston Area Chamber of Commerce, the East Montgomery Chamber of Commerce, the Kingwood Medical Center, the Houston Livestock Show and Rodeo, Be An Angel Fund, the American Heart Association, Humble School district, Huffman School District, Future Farmers of America, Will’s Kids, New Caney ISD, and numerous other organizations benefiting our community.