Michael Kelly, CFP®, CFA Switchback Financial, LLC
- 3 Clover Ln, Madison, CT 06443
- (203) 350-2124
About Michael Kelly, CFP®, CFA
I am Michael Kelly, the President of Switchback Financial, a Registered Investment Advisory firm in Connecticut. After working nearly a decade within some of the nation’s largest banks I realized that continuing my climb up the corporate ladder wasn’t going to provide me with the life that I was looking for. Instead, it would simply be me chasing the vision of success most others have dictated for me.
After taking the time to properly plan and build my required knowledge base (I am a CFA charterholder and CERTIFIED FINANCIAL PLANNER™️), I decided to pursue my passion of helping those around me optimize their financial lives and find balance/fulfillment. I work to help my peers, professionals, and young families (especially those with equity compensation), wade through the jargon and over-complication caused by the industry to provide them with a life they want to live today while maintaining financial security for the future.
My goal is to be a financial guide for those who are blazing their own trails in their chosen industry. I provide planning through down-to-earth and straightforward methods. I work with my clients as a partner and don’t simply direct them or talk down from above. Ultimately my clients walk away enlightened, empowered, and educated.
I currently live in Madison, CT with my wife and our two daughters. When not spending time with family or running Switchback, I attempt to stay in shape, try to catch my teams on tv, or on rare occasions try not to hack up the local golf track too bad. Overall, though it is mostly a lot of daddy time (with two under five that’s just how it goes).
Before you begin planning for how to handle your equity compensation, it helps to learn why it is even being offered to you in the first place.
Three ‘Wise’ Guys is a collaboration with two other advisor friends of mine. It is an honest conversation about the times’ hot topics. This is the fourth installment that was a fun one about sports and finance.
Stock options are one of the more complex areas of equity compensation. Here are some basics on the differences between the two types of options you could be presented with: Incentive Stock Options (ISOs) and Non-Qualified Stock Options (NQs).
- Equity Recipients (RS/RSU SOP ESPP)
- Gen Y/Millennials
- Young Families
- Young Professionals
Ways Advisor Charges
- Monthly Fee
- Quarterly Fee
- Assets Under Management
- Monthly Fee: $167+/mo
- Quarterly Fee: $500+/qtr
- Hourly Fee: $250+/hr
- Assets Under Management: 0.05%