Scotch Plains, NJ Office
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Redwood Financial Planning, LLC
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Firm-wide stats for Redwood Financial Planning, LLC
About
Redwood Financial Planning serves individual and high‑net‑worth clients as well as pension and profit‑sharing plans, offering ongoing portfolio management, financial planning, and access to third‑party asset managers. The firm manages approximately $389 million in discretionary client assets and supports several hundred client relationships.
The firm’s investment approach couples fundamental analysis with tactical overlay strategies intended to reduce portfolio volatility while seeking to enhance returns; portfolios are primarily invested in mutual funds and exchange‑traded funds and are usually managed on a discretionary basis. Redwood also assists clients in selecting and monitoring third‑party managers and may place assets on sponsor‑specific platforms when appropriate.
Redwood’s brochure discloses industry affiliations that are less common among peer teams: advisory personnel are licensed to sell insurance and an advisor is a registered representative of a broker‑dealer, and the firm receives a portion of fees from third‑party managers and has custodial/broker‑dealer arrangements that provide research access. The firm describes policies to mitigate these conflicts—such as restrictions on certain trail compensation and a preference for no‑load funds in managed accounts—and reports no disciplinary events in its ADV.
Based on Redwood Financial Planning, LLC
Expertise
Based on Redwood Financial Planning, LLC
Location
1812 Front Street
Scotch Plains NJ 07076
Advisors at this office
3
Advisors at this office
Michael M
CFP®, Series 66
Scotch Plains, NJ
Redwood Financial Planning, LLC
Michael Mclane is a Certified Financial Planner® with 28 years of industry experience. He is affiliated with Redwood Financial Planning, LLC and has previously worked at Purshe Kaplan Sterling Investments, Penn Mutual Life Insurance Company, and Hornor Townsend & Kent Inc. In addition to his advisory role, he owns a part-time tax preparation and business consulting practice. Redwood Financial Planning, LLC provides portfolio management and financial planning services to individual and high-net-worth clients as well as pension and profit-sharing plans. The firm employs a combination of fundamental analysis and tactical overlay strategies, offering both discretionary and non-discretionary mandates while managing approximately $213 million across three advisors.
Jared F
CFP®, Series 63, Series 65
Scotch Plains, NJ
Redwood Financial Planning, LLC
Jared Friedman is a CFP® professional with over 21 years of experience in financial advisory services. He has worked at IFS Securities, Inc. and IFS Advisory, LLC, and has been with Redwood Financial Planning, LLC since 2010, where he currently serves as President. In addition to his advisory role, he is a licensed insurance agent specializing in life and health insurance. Redwood Financial Planning, LLC manages approximately $213 million for individual, high-net-worth clients, and pension/profit-sharing plans. The firm provides discretionary portfolio management, third-party asset manager selection, and financial planning, using a combination of fundamental analysis and tactical overlay strategies.
Eleana M
Series 63, Series 65, Series 66
Scotch Plains, NJ
Redwood Financial Planning, LLC
Eleana Mclane is a financial advisor at Redwood Financial Planning, LLC with 27 years of industry experience. She holds Series 63, Series 65, and Series 66 designations. Her prior experience includes roles at Pensionmark Financial Group, LLC, Pensionmark Securities, LLC, and Nationwide Investment Services Corporation. Redwood Financial Planning, LLC manages approximately $213 million across three advisors, providing portfolio management and financial planning to individual and high-net-worth clients as well as pension and profit-sharing plans. The firm employs fundamental analysis combined with tactical overlay strategies and offers both discretionary and non-discretionary mandates, including due diligence and monitoring of recommended third-party asset managers.
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