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Education and Background and Business Experience

Kenneth Sherman Allen, CFP®
Year of Birth:  1979
Formal Education after High School:

  • United States Airforce Academy 06/1998 to 02/1999
  • Hope College, ,  (Finance), 09/1999 to 05/2000.
  • Oakland University, Finance, Japanese 09/2000-Present

Business Background 08/2008 - 03/2015:

  • Allen Financial Management, LLC, Managing Member/Chief Compliance Officer/Investment Adviser Representative, 03/2010 to Present.
  • Sigma Financial Corporation, Registered Representative, 08/2008 to 03/2015
  • DFC Financial Group, Inc., Chief Compliance Officer/Investment Adviser Representative, 01/2002 to 08/2008.

Certifications:

  • The CERTIFIED FINANCIAL PLANNER™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”).


The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 62,000 individuals have obtained CFP® certification in the United States.

To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements:

  • Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning;
  • Examination – Pass the comprehensive CFP® Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real world circumstances;
  • Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and
  • Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals.


Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks:

  • Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and
  • Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients.
  • CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification.

Disciplinary Information
Mr. Allen does not have, nor has he ever had, any disciplinary disclosure.

Other Business Activities
Mr. Allen is a registered representative with Mutual Securities Corporation.  Mutual Securities Corporation is a diversified financial services company engaged in the sale of specialized investment products.  In this capacity, Mr. Allen may recommend securities or insurance products offered by Mutual Securities Corporation as part of your investment portfolio.  If clients purchase these products through Mr. Allen, he will receive the customary commissions in his separate capacity as a registered representative of Mutual Securities Corporation.  Additionally, Mr. Allen could be eligible to receive incentive awards such as Mutual Securities Corporation may offer.  He may also receive 12b-1 fees from mutual funds that pay such fees.  The receipt of additional compensation may give Mr. Allen an incentive to recommend investment products based on the compensation received, rather than on your investment needs.  Please refer to the Fees and Compensation section and the Client Referrals and Other Compensation section of Allen Financial Management, LLC’s firm brochure for additional disclosures on this topic.

Mr. Allen is separately licensed as an independent insurance agent.  In this capacity, he can effect transactions in insurance products for his clients and earn commissions for these activities.  The fees you pay our firm for advisory services are separate and distinct from the commissions earned by Mr. Allen for insurance related activities.  This presents a conflict of interest because Mr. Allen may have an incentive to recommend insurance products to you for the purpose of generating commissions rather than solely based on your needs.  However, you are under no obligation, contractually or otherwise, to purchase insurance products through any person affiliated with our firm.

Additional Compensation
Please refer to the Other Business Activities section above for disclosures on Mr. Allen’s receipt of additional compensation as a result of his activities as a registered representative of Mutual Securities Corporation and a licensed insurance agent.

Also, please refer to the Fees and Compensation section and the Client Referrals and Other Compensation section of Allen Financial Management, LLC’s firm brochure for additional disclosures on this topic.

Supervision
As Managing Member, Chief Compliance Officer and an Investment Adviser Representative of Allen Financial Management, LLC, Kenneth S. Allen is not supervised by other persons.

ALLEN FINANCIAL MANAGEMENT
1120 S. Lapeer Road, Oxford MI 48371
248.572.4731
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Our Mission is to To provide our customers superior financial planning and investment management services, fostering opportunities for wealth and portfolio growth, while providing potential for social and economic returns for our clients.