We work with our clients to build and preserve wealth and enhance their quality of life. Our dedicated team delivers a unique, comprehensive program specifically designed for each client. Every day we combine long-term vision with short-term focus to help you achieve resounding success.
Ricky Jones
Advisor
Ricky joined the Financial Reserve team in 2022 as the first permanent Texas advisor. He holds the Series 7 and Series 66 licenses with Cambridge Investment Research as well as life and health licenses.
Before joining the firm, Ricky worked as an advisor at Northwestern Mutual in Dallas, TX. Ricky earned his B.A. in Finance and a minor in Psychology at the University of Arkansas.
Ricky and his wife, Olivia, reside in Dallas, TX. Ricky enjoys basketball, golf, reading, playing poker, and being active outdoors.
Dave Pederson
Advisor, Shareholder, CPA, PFS
Dave is a Certified Public Accountant (CPA) and holds the Personal Financial Specialist (PFS) designation. He holds Series 7, 24 and 66 licenses with Cambridge Investment Research as well as life and health licenses. Dave is also a Certified Public Accountant (CPA).
Prior to joining Financial Reserve, Dave worked with accounting firms Coopers & Lybrand and PricewaterhouseCoopers and as a senior director at Banfield. Dave earned his B.S. and M.S. in accounting from Brigham Young University in Provo, Utah.
Dave and his wife, Krystal, have five children, Nicole, Nathan, Derek, Lauren and Kurt. Dave enjoys spending time with his family, being in the outdoors and playing sports, especially basketball.
General Information |
| Firm Start Year: | 1985 | |
| No. of Employees: | 10-19 | |
| Insurance License#: | Dave - 9464581 Ricky - 19828730 |
| Name of Broker/Dealer: | Cambridge Investment Research |
| Name of Custodial Firm: | Pershing |
| States Licensed in: | AR, AZ, CA, CO, DC, FL, ID, MS, NV, NM, OR, PA, TN, TX, UT, WA |
| Number of Years with Current Firm: | 16 |
| Work Experience: | Dave Pederson - President & CEO of Financial Reserve (16 years) Ricky Jones - Personal Economic Advisor (3 years) |
| Work with the following types of clients: | Businesses, Individual Investors |
| Foreign Languages Serviced: | English |
| Advisory Services Provided: | Financial Planning for Individuals, Financial Planning for Businesses, Education Funding and Planning, Financial Advice & Consulting, Investment Advice & Management, Estate Planning & Trusts, Insurance Products & Annuities, Financial Planning, Risk Management, Money Management, Wealth Management, 401K Rollovers, Retirement Planning, Portfolio Management |
Services |
| Investment Types: | Exchange Traded Funds (ETFs), Mortgages & Real Estate, Insurance, Annuities, Stocks, Bonds, Alternative Investments, Mutual Funds |
| Can meet clients in the following ways: | Email, Phone, Video Conference, Your Home, Our Office |
Qualifications & Memberships |
| Insurance and Annuity Licenses: | Variable Life, Disability, Annuity, Life, Variable Annuity, Long Term Care |
Firm Information |
| Firm's Number of Clients: | 1200 |
| Firm's Number of Planning Clients: | 800 |
| Firm's Number of Managed Clients: | 400 |
| Assets Managed by Firm: | $900,000,000 |
| Assets Managed by Advisor: | $900,000,000 |
Compensation and Fees |
| Fee Structure: | Fee-Based |
| Minimum Portfolio Size for New Managed Accounts: | 50,000 |
| Compensation Methods: | Based on Assets, Commissions |
| Fee % Based on Assets: | Tiered Fee |
| Additional Details on Charges: | At Financial Reserve, we offer 3 levels of service. 1. Investment MGMT (1.25% to .5% fee based) 2. Financial Planning ($475 to $875 initial fee - 50k minimum investment - $50/mo before 500k in assets) 3. Financial & Success Planning ($875 to $1475 initial fee - $0 minimum investment - $85/mo before 2 million in assets with the firm) |
| Minimum Fee Charged for Managed Accounts: | $0 initial fee |
Financial Services |
| Financial Planning for Individuals
Identify deficiencies, inefficiencies or imbalances with appropriate recommendations. Review of costs and expenses, volatility, historical performance and tax characteristics. Maintain proper diversification and asset allocation through periodic dynamic rebalancing. |
| Financial Advice & Consulting
Thorough review of current financial situation, goals, objectives, experience, risk tolerance and time horizon. |
| Portfolio Management
Maintain proper diversification and asset allocation through periodic dynamic rebalancing. |
| Retirement Planning
Outline the type and level of desired lifestyle and its approximate cost. Identify and develop specific fulfilling activities. Target when financial independence will occur. |
| 401K Rollovers
Execution of 401k rollovers and account transfers from current plan to a new traditional IRA. |
| Insurance Planning
Determine the type, amount and mix of life insurance needed. |
| Annuities
Review, analysis, and implementation of annuities tailored specifically to each clients needs. We work with an insurance broker that specializes in finding the best policies for clients. |
| Estate Planning & Trusts
Review, analysis, and implementation of effective wills and trusts through referral. Minimization of ultimate estate administration and transfer costs. |
| Tax Advice and Services
Take advantage of little-known tax laws that can make a tremendous difference in asset accumulation. Review of recent tax returns as a springboard to design a program to minimize taxes now and in the future. Efficient tax return preparation through referral. |
| Education Funding and Planning
Evaluation of savings rate needed to achieve desired funds needed for specific college tuition. |
| Investment Advice & Management
Determine the amount needed to reach the retention point by target age. Actively manage and monitor investments to help achieve the target mixed rate of return. |
| Wealth Management
Design a diversified and well balanced portfolio to help achieve the required asset growth. |
| Risk Management
Analysis of lifestyle reserves needed to maintain family standard of living. Contingency planning to cover job loss or disability. Worry free risk coverage for a person's biggest asset: future earnings. |
| Money Management
Powerful method to obtain and maintain good control of how money is spent. A planned balance of expenditures for both today's and tomorrow's lifestyle. Simplified recording and tracking of expenditures. " Analysis of level and type of debt " Planned correction of debt use problems " Elimination of consumer debt with carefully planned use of other types of debt |
| Financial Planning for Businesses
Outline the type and cost of desired retirement plan for your business, as well as Succession Planning. |
FAQs |
Why should I choose you as my financial advisor?Holistic Planning, Relationship Driven Planning, and Independence (not tied to certain products) |
What are your qualifications? What is your education background?Three years in the financial services industry University of Arkansas Graduate 2012, Major: Finance Minor: Psychology Designations: SIE, Series 7, Series 66 |
How do you charge for your services?Asset Based Tiered Fee Schedule, Commissions, and Planning Fees |
How are you compensated? How will I pay for your services?Asset Based Tiered Fee, Commissions, and/or Planning Fees |
If you are going to manage my account, will you obtain my permission every time you buy or sell something?We will inform you of trade recommendations on your behalf. The investment strategy will be explained each meeting. Quarterly review will be sent out to each client. |
Disclosures |
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WiserAdvisor provides referrals to financial professionals. WiserAdvisor is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest. |
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Additional Detailed Disclosures |
Disclaimer |
| Check the background of your financial professional on FINRA's BrokerCheck. Please consult legal or tax professionals for specific information regarding your individual situation. Securities offered through Registered Representative of Cambridge Investment Research, Inc., a Broker/Dealer, member FINRA/SIPC, to residents of: AR, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, IA, LA, MA, MD, MI, MN, MO, MS, MT, NE, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Financial Reserve are not affiliated. Check out the background of firms and investment professionals on FINRAs BrokerCheck. Form CRS: https://www.joincambridge.com/investors/cambridge-disclosures/form-crs/ |
Registered Representative:
Yes
Investment Advisor Representative:
Yes
Acknowledged fiduciary:
Yes
Compliance Disclosures in Last 5 years:
I have a clean record
Criminal Disclosures in Last 5 years:
I have a clean record
| Mon. | 9:00 AM - 5:00 PM |
| Tue. | 9:00 AM - 5:00 PM |
| Wed. | 9:00 AM - 5:00 PM |
| Thu. | 9:00 AM - 5:00 PM |
| Fri. | 9:00 AM - 5:00 PM |
| Primarily Dallas, Houston, San Antonio, and Austin TX |
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