David Altimont serves as a Partner & Managing Director at Creative Planning in Dallas, TX, where he has accumulated 34 years of experience. Creative Planning is a wealth management firm specializing in personalized financial planning, investment management, and retirement planning.
This article delves into David Altimont’s background and provides an overview of Creative Planning. We will also examine the Investment Adviser Public Disclosure (IAPD) report and other pertinent information for a comprehensive understanding.
Who is David Altimont?
David Altimont is an experienced professional with over 34 years of expertise in corporate retirement plans, specializing in areas such as 401(k), profit sharing, defined benefit, 403(b), 457, and non-qualified retirement plans.
Source: LinkedIn
Currently serving as part of the advisory team at Creative Planning in Dallas, TX, David focuses on helping clients optimize their retirement programs by reducing investment and administration costs, enhancing vendor relationships, establishing strong fiduciary strategies, and delivering top-notch education programs for employees.
In his role, David leverages his comprehensive background and legal training to ensure that clients’ retirement plans are of the highest quality.
He holds registrations for providing investment advice in Texas and may extend advisory services to other states under applicable exemptions.
Find the Best Gold Investment Company of Your State
With a specialization in the intricacies of the highly regulated 401(k) field, David aims to position his clients’ retirement programs as best-in-class employer benefits, reflecting the organization’s quality and care for its employees.
David’s extensive knowledge covers various aspects, including investment management, retirement plan design, fiduciary oversight, risk mitigation strategies aligned with regulatory guidelines, risk management, mergers and acquisitions, and vendor analysis and service management.
David Altimont actively participates in industry conferences, serves on Consultant Advisory Boards, and mentors fellow professionals, contributing to the success and reputation of the Dallas Retirement Practice at Creative Planning.
David Altimont IAPD Report
The Investment Adviser Public Disclosure (IAPD) report for David Altimont provides details on his employment history, professional qualifications, and any disciplinary actions.
Investors are strongly encouraged to use IAPD to research representatives before engaging in business with them.
It’s important to note that there is one disclosure reported against David Altimont. The disclosure states that he allegedly became dually registered with another broker-dealer while still registered with World Choice, violating company policy and his employment contract.
In response, David explained that at the time of affiliating with AIG Financial Advisors, Inc. (AIGFA), he provided AIGFA with a termination letter to World Choice.
AIGFA submitted a U4 filing as “re-license BD,” notifying World Choice of the termination and reaffiliation with another broker-dealer.
David emphasized that the U4 filing was not a dual registration filing, challenging World Choice’s disclosure of dual registration as incorrect.
Overview of Creative Planning
Creative Planning, LLC is an independent wealth management firm that offers a financial planning-centric approach to investment management.
They provide services such as retirement planning, estate planning, trust services, tax advice, and family office services for individuals. Additionally, they manage 401(k) plans and offer institutional money management.
As of December 31, 2022, Creative Planning oversees more than $210 billion in combined assets under management and advisement.
Based in Dallas, TX, Creative Planning has a team of 1,086 advisors. The average advisor-to-client ratio is 1 advisor per 65 clients, though this ratio may vary based on firm practices.
The fees charged by Creative Planning depend on the specific services provided to each client.
They offer a range of services, including financial planning, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses or institutional clients, pension consulting services, selection of other advisers, and educational seminars/workshops.
What Services Does Creative Planning Offer?
Creative Planning offers a comprehensive range of services under one roof, providing expertise across various financial disciplines:
1. Comprehensive Wealth Management:
Creative Planning excels in optimizing your financial landscape by seamlessly integrating investments, taxes, and estate planning. Their holistic approach ensures a unified strategy tailored to your unique financial situation.
2. Investment Management:
Say goodbye to generic portfolios. Creative Planning provides customized investment plans, avoiding the one-size-fits-all approach. Your portfolio is actively managed, adapting to changing market conditions for optimal performance.
3. Strategic Tax Planning:
Creative Planning employs smart tax strategies, ensuring you retain more of your hard-earned wealth. Their expert team navigates the complexities of tax planning, making tax season a more straightforward process for you.
4. Estate Planning & Trusts:
Guiding you through the intricacies of estate planning, Creative Planning ensures the smooth transfer of your wealth to loved ones. Their trust services provide a comprehensive approach to preserving and passing on your assets.
5. Financial Planning:
Personalized financial plans from Creative Planning are designed to help you achieve your goals. Their recommendations are tailored to your unique circumstances, ensuring a roadmap that aligns with your aspirations.
6. Retirement Planning:
Creative Planning crafts a clear roadmap for your retirement, supporting your income needs and desired lifestyle. Their approach goes beyond financial numbers, considering your lifestyle and aspirations during retirement.
7. Insurance:
Safeguarding your wealth is paramount. Creative Planning offers insurance solutions tailored to your needs, ensuring that your financial well-being is protected against unforeseen events.
8. International Services:
For Americans navigating global life and work, Creative Planning offers expertise in handling the unique financial challenges of an international lifestyle. Their services provide clarity and guidance in a global financial context.
9. Business Owner Services:
Business owners can rely on Creative Planning for managing retirement plans and conducting valuations. Their services are designed to address the specific financial needs and goals of businesses.
10. Retirement Services:
Creative Planning extends comprehensive retirement services for businesses of all sizes. This includes plan design, investment advice, ERISA compliance, and proactive participant engagement.
11. Investment Advisory & OCIO Services:
For endowments, foundations, charities, and nonprofit organizations, Creative Planning offers tailored operations, governance, and portfolio management solutions, ensuring responsible stewardship of financial resources.
Creative Planning’s commitment to providing a diverse array of in-house services showcases its dedication to being a holistic wealth management partner for individuals, businesses, and nonprofit organizations.
Unfortunately, they do not offer IRA services in which investors can hold physical precious metals such as gold, silver, and platinum in their retirement investment portfolio.
Why Are Investors Diversifying Their Portfolio?
Experts agree that the financial market is now even more fragile than pre-2008. Will your retirement portfolio weather the imminent financial crisis? Threats are many. Pick your poison..
The financial system would be in great peril if one or more big banks fail.
“When we get to a downturn, banks won’t have the cushion to absorb the losses. Without a cushion, we will have 2008 and 2009 again.”
Student debt, which has been on a steep rise for years, could figure greatly in the next credit downturn.
“There are parallels to 2008: There are massive amounts of unaffordable loans being made to people who can’t pay them”
The US national debt has spiked $1 trillion in less than 6 months!
“If we keep throwing gas on flames with deficit spending, I worry about how severe the next [economic] downturn is going to be–and whether we have enough bullets left [to fight it],”
Total household debt rose to an all-time high of $13.67 trillion at year-end 2019.
“Any type of secured lending backed by an asset that is overvalued should be a concern… that is what happened with housing.”
Get in touch with an expert using the button down below:
Why you should invest in gold in 2024
Investing in gold can offer several advantages in 2024, particularly when it comes to retirement planning. One key benefit is that gold is often seen as a hedge against inflation.
Over time, gold has demonstrated the ability to retain its value and preserve spending power despite currency fluctuations. Given the current high inflation rates, experts suggest that increasing allocations to gold could be a wise move.
The Personal Consumer Expenditures (PCE) index, which measures Americans’ spending on goods and services, has been notably high, ranging from 6% to 7% in 2022—significantly above historical standards and the Federal Reserve’s target rate of 2%.
With expectations that the economy may not fully recover until 2025 or later, gold becomes an appealing investment option.
Diversification is another advantage of investing in gold. During economic downturns or recessions, the stock market and real estate assets may face challenges.
Gold, however, tends to be a reliable strategy for maintaining a diversified portfolio. This diversification helps reduce exposure to risky investments and minimizes the impact of potential losses.
Additionally, gold provides liquidity, a crucial factor during a recession. Liquidity refers to the ability to quickly sell assets for cash, which becomes essential in times of financial difficulty.
Gold stands out in this aspect, offering high liquidity compared to other assets like stocks, bonds, or real estate. Its ability to be easily converted into cash makes it a valuable investment during economic downturns.
The stability and value of gold, along with its liquidity, make it a compelling option for investors looking to navigate potential economic challenges in 2024 and beyond, especially in the context of retirement planning.
Conclusion
David Altimont, serving as a Partner & Managing Director at Creative Planning in Dallas, TX, brings an impressive 34 years of experience to the realm of corporate retirement plans.
His expertise is particularly focused on optimizing these plans, ensuring efficiency and strategic alignment.
Creative Planning, the wealth management firm where David operates, has achieved significant prominence, managing a substantial $210 billion in assets as of 2022.
Boasting a team of 1,086 advisors, the firm provides a wide array of services, ranging from comprehensive wealth management to specialized retirement planning.
As we look into the financial landscape of 2024, the concept of investing in gold for retirement gains prominence. Viewed as a hedge against inflation, gold presents a strategic avenue for diversification and high liquidity.
The recent collapses of major banks underscore the importance of considering precious metals in crafting a well-rounded and resilient investment strategy.
The combination of David Altimont’s extensive 34-year expertise and Creative Planning’s robust suite of services positions them as noteworthy figures in the realm of retirement planning.
The strategic consideration of gold investments adds an extra layer of resilience, offering a thoughtful approach to navigating uncertainties in the economic landscape.
Personally, I recommend you check out our best gold IRA companies list of 2023. Or, you can check out the top-rated gold investment company of your state below:
Find the best Gold IRA company in your state