Callahan Financial Planning Joining TS Prosperity Group

Callahan Financial Planning, an independent, fee-only fiduciary financial advisory firm, has announced it will be merging its operations with TS Prosperity Group. This partnership will double the size of the combined businesses to an estimated $450 million in assets under management, and help the firms provide trustee services, enhanced tax planning, and improved technology to clients.

Both organizations share the highest level of client care and integrity in financial services as fiduciaries. This form of relationship ensures conflicts of interest are mitigated and recommendations are always in the best interests of clients.

Callahan Financial Planning provides holistic personal financial planning that includes the complex integration of investments, income taxes, retirement, insurance, and estate planning for individuals and families. Financial advisory offices are in San Rafael, San Francisco, and Mill Valley in California; Omaha and Lincoln in Nebraska; and Denver and Centennial in Colorado.

When asked about the partnership, Callahan Financial Planning President William Callahan stated: “The culture of our organization has always been centered around our clients and the planning experience they receive. So when we considered combining organizations, it became clear how complimentary our approaches were, including our mutual focus on client impact, and our approach seeking to provide unconflicted financial advice. Ultimately, what convinced us to proceed together was just how much better the experience could get with the shared resources of the two highly compatible organizations together.”

Callahan Financial Planning will stay a separately identifiable division of TS Banking Group, registered as an independent investment adviser with the U.S. Securities and Exchange Commission. The TS Prosperity Group will maintain its regulatory status as the trust division of TS Bank, regulated by the Iowa Division of Banking and as a Member of the Federal Deposit Insurance Corporation. Certain employees and operations are anticipated to be eventually shared between TS Prosperity Group and Callahan Financial Planning.

“Callahan Financial Planning’s vision aligns with our philosophy of great planning to maintain and grow your wealth for today and the next generation,” said TS Banking Group Chief Operating Officer, Kristi Krayneski. “They have a similar culture and mindset on how to help clients achieve financial dreams; their business model provides strength to our investment services and our trust services add strength to their generational planning approach.”

Established in 2010, Callahan Financial Planning has received many accolades, including being named one of the “Top Firms in Nebraska” by Investor.com, Omaha’s Choice Awards “Favorite Financial Planning Firm,” and among Consumer Affairs “Best Financial Advisors in Omaha” in 2020. The firm expanded to California in 2019, and Colorado in 2020.

TS Prosperity Group services include the management of trusts, estates, and conservatorships, along with investment management, retirement planning, and estate planning. TS Prosperity Group is a division of TS Banking Group, a community banking group headquartered in Treynor, Iowa, representing over $1 billion in banking and fiduciary assets across Iowa, Illinois, and North Dakota.

The combined organization includes five Certified Financial Planner™ professionals, three Chartered Financial Analyst® charterholders, a Certified Public Accountant, and a Registered Life Planner®.

If you have any questions about this partnership or want to learn more, please call TS Prosperity Group at (844) 487-3115 or Callahan Financial Planning at (800) 991-5195.

About Callahan Financial Planning: Callahan Financial Planning is an independent, fee-only registered investment advisor with offices in Omaha and Lincoln in Nebraska, San Francisco, San Rafael and Mill Valley in California, and Denver and Centennial in Colorado. The firm serves individuals and families, typically close to retirement, who have some situational complexity and are seeking independent guidance relating to their investments, taxes, or estate planning, and other personal finance topics. For more information, visit callahanplanning.com.

About TS Prosperity Group: TS Prosperity Group offers a combination of fiduciary and institutional investment management services. As the Trust division of TS Bank, the foundation for TS Prosperity Group has been in place for nearly 100 years, founded in 1923. The institutional investment management philosophy developed internally over the last ten years and the division became TS Prosperity Group in 2016. The firm is headquartered in Council Bluffs, Iowa with $230 million assets under management. For more information visit tsprosperitygroup.com.

7 Tips for Staying Productive Right Now

This year, most people have been stressed (in time, and also cognitively and emotionally as well) more than ever before at home and work. After our busiest spring on record helping clients, we recently brainstormed the best techniques we use internally for staying on track professionally right now: Read the rest of this entry »

4 Steps for Better Emotional Health During Times of Stress

As people all across the world are working to adjust to the unprecedented events that have unfolded over the past weeks, we thought it may help to share some practices we personally follow to help ourselves remain grounded and be present in our interactions with you, our clients during such difficult times.

We as individuals and as a nation are currently dealing with two contagions: first, the coronavirus outbreak itself, and second, the emotions that come along with it. It has been commonly reported that negative emotions are just as contagious as a virus. Read the rest of this entry »

Actions We’re Taking Following Coronavirus (COVID-19)

Clients and Partners,

As we all navigate the outbreak of the Coronavirus together, I wanted to share what’s important to us, what we’ve done, and what we’re doing.

What’s Important to Us
The health and wellbeing of everyone we work with informs our decision-making. Our clients trust us with their life’s savings, but also to be a partner in their journey for so much more. We value this relationship deeply, and we also feel a great sense of responsibility to do things that support the needs of those around us.

There are parts of our population that are particularly vulnerable to this virus, and we intend to do everything in our power to prevent the spread of the virus, or slow its progression.

Simultaneously, we see our partnership with our clients as a valuable relationship, and we intend to do everything necessary to ensure we’re available and ready to help you for everything ahead, financially, emotionally, and for your health otherwise. Read the rest of this entry »

Callahan Financial Planning Opens San Francisco Financial Advisory Office

San Francisco – Callahan Financial Planning, a fee-only independent personal financial planning and investment management firm with offices throughout the Bay Area, has announced its latest expansion with the addition of a financial advisory office in San Francisco, CA.

“We see this as an incredible opportunity to provide our special fee-only advice to not just those in San Francisco, but also those throughout the peninsula in communities like San Mateo, Redwood City, Palo Alto, South San Francisco, Daly City, along with Oakland and Berkeley in the East Bay”, said Callahan Financial Planning’s Vice President of Financial Planning, Reuben Brauer, CFP®.

Read the rest of this entry »

Callahan Financial Planning Opens Marin County Financial Advisory Practice in San Rafael, CA

San Rafael, CA – Callahan Financial Planning, a fiduciary financial planning and investment advisory company, has announced the opening of an office in San Rafael, CA following the acquisition of certain assets of the financial advisory firm Gary A. Dossick & Associates. The office is now located at 851 Irwin St Ste 201A, San Rafael, CA 94901.

Clients will be served by a team that includes three Certified Financial Planner™ (CFP®) practitioners, a Chartered Financial Analyst (CFA®) charterholder, an IRS Enrolled Agent, and supporting staff.

Callahan Financial Planning has seen significant growth since opening in 2010. The firm now manages $125 million in client assets, and anticipates opening additional locations in San Francisco and Mill Valley in California, and Denver, Colorado following this expansion.

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From this San Rafael office, Callahan Financial Planning anticipates serving clients throughout Marin County, including residents of Mill Valley, Fairfax, Larkspur, Marin City, Corte Madera, San Anselmo, Marinwood, Novato, Sausalito, Tiburon, and Lagunitas-Forest Knolls.

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How to Find the Best Financial Advisor Recommended for Your Situation

The financial advice field is a bit convoluted, but this guide can help.

Financial Advisor Fees/Costs

First, there’s how you pay for advice. All financial advice has a cost, but sometimes it’s explicit (e.g., you can see it), and sometimes it’s only implicit (e.g., it’s embedded inside a financial product, and what you’re paying is not easily visible).

Most financial advisors today describe themselves as fee-based advisors. Legally, this means they can (and generally do) perform their activities in two ways: they earn a commission on certain product sales, and a fee on certain investments. The title is a bit misleading in this way, but the moniker persists.

We think this creates a conflict of interest: it often causes (even if only subconsciously) the financial advisor to recommend things that pay them the best compensation over what is in the client’s best interest.

Because of this inherent conflict, a special sub-set of financial advisor was born: the fee-only financial advisor. We recommend anyone seeking financial advice only work with a fee-only advisor.

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A national organization lists and ensures fee-only compliance for all of its members; it’s called the National Association of Personal Financial Advisors (NAPFA), and it has an online directory of all of its members. So, for example, you can search for a list of all the fee-only financial advisors in Omaha, NE or the San Francisco, CA Bay Area (cities where we have offices).

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