Tag Archives: Fiduciary

Happy Holidays From The Gang and The Kvale’s

Happy Holidays and Merry Christmas

The Gang

Team at Perot


The Kvale’s


Sophia, John, Pamela, Pierce

Kvale at Perot


2009 mJohn_family_Christmas

Time goes FAST ! All good!!!

John A. Kvale

Fun Texas A&M University Up-and-Coming Financial Planners Event – Gig’Em Aggies

One of the most enjoyable parts of our business is the interaction with other professionals and especially when we get to cross paths with the next generation of financial planners!

Last Friday, March 29, 2019 a group of fellow professionals had the honor to be invited to  panel an up and coming  group of financial planners from Texas A&M University.

The next generation of Financial Planners from Texas A&M

With multiple advisers who as a norm can be very long in the tooth – one of the most enjoyable part of this event was the lunch before.8fc04668-98bd-42cc-b6f2-e5b9ff043981

Being seated next to six or seven Next GEN up-and-coming future financial planners was awesome!

Question such as what’s your normal day look like?  What’s most important? to What options in the industry look like? were discussed..

A question of knowledge of a fiduciary happily produced complete understanding by every student – this is very good news!

As a refresher, being a Fiduciary for your clients means you are held to a higher standard and work only in the best interest of the client –

All panelists were of course Fiduciaries!

Client comments from competing big universities on what type of shirt to wear garnered humor and brought the actual real world of the occupation of financial planning into a more real focus for this next up-and-coming generation – frequently many may have a much stiffer view of the industry.

A comment of 90% versus 10% garnered much attention in our discussion and raise the browse of these up-and-coming future stars.8f9a4589-d10c-420f-9bd4-9e4bc003a822

It is so refreshing to see the industry mature as all panelists agreed that when we were first beginning our careers there was not a true path for a true fiduciary holistic financial planning firm or person.

Truly the future is very bright as these young future stars work their way into the profession and serve you the clients for many generations to come.

With a group of six or seven fellow advisers we were all very interested to hear each other’s thoughts – after the event, of course a timely discussion of current events, economics, interest rates, the economy, and the upcoming election with two fellow awesome peers made its way into our day.

The Future is Bright – So nice to give back!

Have a Great “Bright Future” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.


Fiduciary …..A note to the SEC from John Kvale of J.K. Financial, Inc.

Occasionally the Securities and Exchange (SEC) asks for comments on certain areas of the financial industry.

a Recent Comment Request by the SEC on FIDUCIARY

Fiduciary is one of the most lightening rod terms ever used in the industry. It represents liability and a higher level of accountability. Many years ago (20+ now) I found myself working for the company and the client in conflict. That was a deciding point in my career to leave the conflicted world and work as a Fiduciary for the client, and only the client.

It is impossible for all Capital Participants to be a Fiduciary

The capital markets cannot work as we know it if everyone is a Fiduciary. This is fine by us, there are companies that are for profit and that is great. Not being a Fiduciary is not a terrible thing. Our only request is that investors understand the difference.Fiduciary

Here is my comments to the SEC as we take our industry and the future of it very seriously. We hope you like your representation through our voice.

Have a Great Monday!

John Kvale



8222 Douglas Ave # 590
Dallas, TX 75225

Why We are A Fiduciary, A Personal Story Resurrected From a NY Times Op-Ed Article

This morning there is an Op-Ed Article in the NY Times from a 10+ year former employee of a large investment bank that is sure to make for conversation. The main theme of the statement is that this particular employee left the firm because in his view, the firm profits were taking priority over the client’s best interests.

With no insights into the accuracy of this person’s statements, I will share with you a defining moment in my career that somewhat rings similar. Very early in my career, well over fifteen years ago, I returned from a client appointment to be chewed out by my manager. In his opinion,  I had failed by doing right by the client and not offering/selling the most profitable product for the firm. It was an easy decision at that point to make plans to begin a career outside of such pressures.

We, as a Fiduciary for our clients, operate in the best interest of the client in all cases, not the company, not the vendor, only the client. It is a nice place to work and makes our careers much more rewarding. Does this mean we will not make mistakes? Of course not, we will, but we will always have client best interests at heart.

Since we work from a glass half full position, we will cut this post short rather than pour gasoline on a negative subject.  It is worth noting that not all relationships in our lives have the ability to work in a Fiduciary manner. Keeping track of who is on your side and who is not, is sometimes challenging.  We are glad to be here with you, on your side!

Have a Super Day!