The Clients We Serve

We primarily serve a select group of very successful executives, business owners, and some of the most influential families in the area.

Who We Are

We serve our clients in a fiduciary capacity – putting clients’ interests first – with transparency and an investment approach based upon a well-grounded, long-term philosophy not influenced by market fads or media hype.

We’d like to invite you to a very personal experience with Main Line Group Wealth Management.

Frequently Asked Questions

Is Main Line Group Wealth Management a fiduciary?

Main Line Group Wealth Management, LLC is a Registered Investment Advisory firm, which means that we are held to a fiduciary standard. As an individual, Doug Kobak is Certified Financial Planner™, so he is also held to a fiduciary standard. Being a fiduciary means that we are required to place our client’s interests above our own, and we practice under that standard every day. This responsibility distinguishes us from brokerage houses, which are merely required to determine a level of suitability rather than uphold the best interests of their clients.

What services does Main Line Group provide to their clients?

We take a holistic approach to the comprehensive wealth planning services we offer. We start with a full examination of your financial goals and assets. We will coordinate and seek council with other professionals to help optimize your customized financial game plan. We construct, implement and track on an ongoing basis your customized comprehensive wealth plan that can cover:

  • Investments
  • Tax planning
  • Estate planning
  • Retirement Plans
  • Insurance needs
  • Philanthropic goals and
  • Much more

How will my wealth plan be specialized to fit my family’s/business’s needs?

As a client, you will meet with our Team Leader, Douglas Kobak, CFP® with over 25 years of advisory experience, where he will help craft a financial plan based on your unique situation. Your plan’s probability of success will be quantified and readily available to you so you can track and monitor your progress towards meeting your goals. During your Financial Plan Review we will make updates based on developments in your life so that your financial plan will evolve with you.

Do you provide legacy planning?

Yes, we have extensive experience assisting clients with their legacy planning. We help clients develop a Wealth Transfer Plan (WTP), which is incorporated within their comprehensive estate plan. See Legacy Planning on our What We Do page.

What services does Main Line Group Wealth Management provide to business owners?

Our approach with business owners transcends the close relationship between business and business owner to correctly assess and quantify assets and liabilities. In addition to our personal wealth management services we also provide an array of services specifically for business owners including succession planning, buy-sell agreement reviews, benefit planning, insurance reviews, asset management, etc.

Is there a minimum requirement?

Typically, we would prefer to have $1 million under management to start, but are willing to make exceptions in situations where there is room for growth.

What is Main Line Group Wealth Management’s Investment Advisory fee?

Our annual fee is lower than the 1.325% average annual advisory fee charged by the 4 largest brokerage firms.*
Main Line Group Wealth Management’s annual investment advisory fee is negotiable, but is generally based upon a percentage (%) of the market value of the assets placed under management and is set forth in the following fee schedule:

Market Value of Portfolio Annual Fee (%)
First $2,000,000 1%
Next $1,000,000 0.80%
Next $1,000,000 0.70%
Next $1,000,000 0.60%
Next $5,000,000 0.50%
Next $5,000,000 Negotiable

*Personal Capital’s report titled “The Real Cost of Hidden Fees” 09/2015. Based on the average annual advisory fee cost for a $500,000 account at Merrill Lynch, Morgan Stanley, UBS, and Wells Fargo. https://www.personalcapital.com/assets/whitepapers/PC_Fees_WhitePaper.pdf

Sample Client Calendar 2017

We are constantly working for our clients, whether they see it or not
January February March April May June
Client Meeting Strategy Update Update Planning Projections Monitor Financial Planning Tasks Bi-Annual Newsletter Cash Flow Update and Review Annual Estate & Insurance Review
Capital Gains Tax Reporting Summary Internal Portfolio Review & Rebalance Internal Portfolio Review & Rebalance Internal Prior Quarter Performance Discussion Internal Portfolio Review & Rebalance Internal Portfolio Review & Rebalance
Internal Portfolio Review & Rebalance Internal Investment Planning Meeting Internal Investment Planning Meeting Internal Portfolio Review & Rebalance Internal Investment Planning Meeting Internal Investment Planning Meeting
Internal Investment Planning Meeting Client Update Phone Call Internal Investment Planning Meeting
July August September October November December
Client Meeting Strategy Update Update Planning Projections Monitor Financial Planning Tasks Bi-Annual Newsletter Year End Tax Planning Execute Year End Tax Plan
Internal Prior Quarter Performance Discussion Annual Family Gifting Planning Internal Portfolio Review & Rebalance Internal Prior Quarter Performance Discussion Internal Portfolio Review & Rebalance Year End Charitable Planning
Internal Portfolio Review & Rebalance Internal Portfolio Review & Rebalance Internal Investment Planning Meeting Internal Portfolio Review & Rebalance Internal Investment Planning Meeting Internal Portfolio Review & Rebalance
Internal Investment Planning Meeting Internal Investment Planning Meeting Client Update Phone Call Internal Investment Planning Meeting Internal Investment Planning Meeting

We are constantly working for our clients. The sample calendar gives you a glimpse into what we do-  from client meetings and calls, to updating financial plans, re-balancing portfolios, researching investments, and other activities related to helping our clients sleep at night and stay on course with their plan.

Doug Kobak in the media

Doug is widely quoted in national publications and pens articles relevant to his clients, see below.

READY TO LEARN MORE ABOUT OUR SERVICES?

In an independent client centric environment