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SOURCE Raul Jacobs
LOS ANGELES, June 18, 2014 /PRNewswire/ -- Raul Jacobs, Chicago-area financial advisor at Waddell & Reed, refreshes the traditional approach to financial planning with a customizable financial model that services a quickly growing, niche clientele: namely, widows and divorced women. Often, his clients have never handled their own finances and require a special degree of support managing newly inherited or acquired assets with a long-term goal of financial stability.
Jacobs first recognized this unmet need in the financial industry when a widow entered his office with a large stack of paperwork from previous investments. Her situation was reminiscent of his own mother's, who had become a widow when he was in his 20s. Led astray by her former advisor, his new client's investment options failed to offer a resilient, lasting strategy and left her vulnerable to inflation.
"This widow's previous financial advisor counseled her toward an investment strategy that would actually devalue her capital," said Jacobs. "Unfortunately, many women are forced into the same situation as this widow," he added.
Jacobs appreciates that women value financial simplicity and transparency, so he structures his clients' strategies with this in mind. To equip them for financial success, Jacobs works with his clients to create a custom plan with a managed account that his team rebalances annually to ensure it continues to align with the client's long-term goals.
With seven years of experience, Raul advises clients throughout the Chicago region, offering services in financial planning, investment account management, annuities, life insurance products and customizable 401Ks for small businesses.
About Raul Jacobs
Raul Jacobs is a Chicago-based financial advisor whose refreshing approach to financial planning involves designing a custom portfolio for every client. He works at Waddell & Reed with a team of reputable portfolio managers who have more than 30 years of experience. Jacobs focuses most of his work on a niche clientele – namely, widows and divorced women. He received his degree in economics with an emphasis in globalization from the University of Oxford in 2010, and has worked at Waddell & Reed since 2012.
About Waddell & Reed
Founded in 1937, Waddell & Reed today has grown to more than 160 registered offices nationwide. The company offers a wide array of investment products and services, as well as a variety of insurance products through arrangements with outside insurance companies.
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