Danna Jacobs, financial advisor Morristown NJ

Danna Jacobs

CRD Number: 5366446
Current Firm: Legacy Care Wealth, LLC
Compensation Model: Fee Only

Danna Jacobs (CRD# 5366446) is an Investment Advisor Representative working at Legacy Care Wealth, LLC in Jersey City, NJ and has over 6 years of experience in the finance industry.

 

We love taking our family outdoors whenever possible, be it hiking, fishing, swimming, skiing, or other fun activities.  My husband and I reside in Maplewood, NJ, have a 2 year old little boy, and a 3 year old mini-husky (Alaskan Klee Kai).  I love working with other young families to provide the financial peace of mind and take the burden of managing their finances off of their plate so they can focus on what truly matters, managing their careers, taking care of their families, and enjoying their lives.  

 

Prior to launching Legacy Care Wealth, I was a Client Service Associate at Barclays Wealth & Investment Management Division working with a top investment advisor at the firm from January 2010 to March 2013. My responsibilities included responding to client inquires regarding investment management, account maintenance, tax issues, trust and estate administration, as well as assisting the sales team with equity offerings, and marketing alternative investment opportunities.  In addition, I hold an MBA from New York University's Stern School of Business. I completed my MBA with concentrations in Finance and Entrepreneurship, which included coursework in Business Management, Accounting, Business Strategy, Corporate Finance and Business Planning. I also hold a Bachelor of Arts from Vassar College (Poughkeepsie, NY) with concentrations in Economics and Italian.  Lastly, I am a trustee and board member of the Student/Partner Alliance (S/PA), a non-profit organization that partners high school students from Jersey City and Newark with both scholarships and mentors so they can attain a private high school education. 

CONTACT
Advisory Practice Details
Services Offered:
  • Buying a home
  • Career change
  • Getting married
  • Having a child
  • Job loss
Customer Specialties:
  • Gen X
  • Millennials
  • Career changers
  • Recent grads
  • Young professionals
  • Entrepreneurs
Pricing Model:

 

The cost of our services varies based on the complexity of your financial situation. We are competitive in our industry, and are open to discussing the terms that are most appropriate given your financial situation.  We charge an up-front financial planning fee that ranges from $600-$1,500 depending on complexity.  There is also an option for ongoing services which cost $140-$200 a month.

 

If you prefer for us to manage your investments, as well as provide financial planning services, we typically consolidate all fees into one investment management fee that is calculated as a percentage of assets under management. This again allows for alignment of interests, since our firm’s goal will be to increase your overall wealth. The annual fee for assets under management will range from .50% - 1.00% depending on the amount of investment assets under management, the complexity of the financial plan, and the investment management structure. This amount will be billed quarterly versus your investment portfolio.

 

All fee amounts and timing are fully discussed with clients before any payment accrues. We do all we can to maximize transparency in the billing process and to ensure that you are comfortable with the terms.

Planning Process:

Data Gathering:  During a scheduled meeting the Client and Legacy Care Wealth will determine what financial and personal data is necessary to prepare the Client’s financial plan.  

          

Analysis:  The Advisor will analyze data and documents provided by the Client, evaluate the Client’s ability to meet the plan objectives, make observations, identify problems and recommend strategies for the Client’s consideration. 

          

Written Plan:  Based on the data the Client provides, the Client’s chosen objectives and the Advisor’s analysis, the Advisor will prepare and present to the Client a personal financial plan summarized in a written form

 

Implementation:  The Advisor will, at the Client’s request, facilitate and coordinate the steps the implement the Client’s plan, in conjunction with the Client’s attorney, accountant and other pertinent advisors as Financial Advocate for the Client.  These implementation meetings frequently present in the form of 30-60 minute virtual meetings in which the Advisor can guide the Client on implementation if the Client so desires.  The Client is under no obligation to follow, either wholly or partially, any recommendation made by the Advisor.  It is clearly understood that the Client is under no obligation whatsoever to purchase any financial product or service during or after this planning process. 

          

Ongoing Meetings:  If the Advisor and Client have an ongoing engagement, the Client will receive requests for meetings every 4 months to update all Financial Statements, review progress to various financial and personal goals, review credit history, and other subtopics of financial planning such as, but not limited to, liability review, investment management review, estate planning review, tax planning strategies, insurance coverage, etc.

 

Professional Designations and Affiliations
Company Name Location Dates Years
Legacy Care Wealth, LLC Jersey City, NJ May 2013 - Current 9
Legacy Care Tax, LLC Jersey City, NJ May 2013 - Dec 2019 6
New York University New York, NY Jun 2012 - Dec 2013 1
Barclays Wealth New York, NY Jan 2010 - Apr 2013 3
Degree School Major Graduation Date
Master of Business Administration New York University - Stern Langone School of Business Entrepreneurship and Finance May 2014
Bachelor of Arts Vassar College Economics and Italian May 2007
Exam Code Name Passed Date
S66 NASAA Uniform Combined State Law Examination May 2010
Contact Info for Danna Jacobs
Phone Number: (201) 535-4499
Registered State(s):
  • LA
  • NJ
  • NY
  • PA
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