Who We Are

Orlando, FL based Fiduciaries, Financial Advisors and Insurance Agents working exclusively with Business Owners and their employees. As Fiduciaries, we have partnered Nationally with Best in class organizations to offer our clients a level of Independent unbiased research, planning and support that can’t be matched by smaller firms.

In addition to our national partners are local partners play in equal role to the success of our clients. Local attorneys in Estate, Property, ERISA and other matters combined with the most informed forward thinking Certified Public Accountants.

Business Owners Only

"I only work with business owners because I continually see their needs not being met. Owning a corporation with employees comes with Additional considerations - Taxes, Corporate Structures, Trusts, DOL Regulations, ERISA and Qualified Plans must all be working together to create an effective and compliant business and Retirement for the owner. If your Financial Advisor doesn't know your CPA and Attorney, you most likely have an in-efficient plan"

- Donovan J Ryckis, Principal

THE TEAM

Donovan Joseph Ryckis

Donovan Joseph Ryckis

Partner

Fiduciary + Financial Advisor

Chelsea Whalley

Chelsea Whalley

Partner

Employee Benefits Broker

Robb Stottlemyer

Robb Stottlemyer

Advanced Life Case Design

Dan Hunt

Dan Hunt

AIF. Advocate for the mass affluent client and CEO of Redhawk

Brian Duncan

Brian Duncan

Financial Advisor at Duncan Financial Group

Derek Vickers

Derek Vickers

Employee Benefits Strategist

Michael Kovacs

Michael Kovacs

Retirement Income, Long Term Care Consultant, Medicare

Christina Allen

Christina Allen

Employee Benefits Strategist

Morgan Lewandowski

Morgan Lewandowski

Employee Benefits Strategist

Dawn Holleran

Case Manager

PARTNERS

Our Services

As brokers we have access to the entire market. What this means is we can access every carrier, every plan, and every product available for your business. What really differentiates us from other brokers is not the product access, but the knowledge of how to fit the moving pieces of an employee benefit package together to optimize savings of both administrative time and company dollars.

  • Design Packages with customizable results
  • Offer Tax Advantages to the business and employees
  • Provide Employee Benefit booklets
  • Communicate the value of the benefits all year round
  • New Hire education and enrollments
  • Efficient Open Enrollments with benefit specialists available for one on one consulting
  • Assistance to employees in claims process
  • Compliance Services
  • Section 125 Plans

Group Health Insurance – Offering all Carriers – Cigna, Aetna, United Health Care, Humana, Blue Cross and Level Funded Carriers.

Level – Funded Group Health Insurance

Level-funded also called Partially Self-Funded has been getting a lot of attention the past few years as most employers are seeing an average of a 20% reduction in premium costs.

These plans provide an attractive and innovative alternative to traditional health insurance solutions. The industries improved version at self-funding, level funded plans employers can budget for small, predictable claims-and use stop loss protection to protect their business from unpredictable catastrophic claims. This allows both the cost reduction in premiums, access to excess claims fund (if any) while adding the stop-loss on downside protection if claims are exceeded. Level-Funded can be practical and cost effective for groups with as few as 10 participating employees.

Reduced Fixed Costs – All health insurance plans have administrative costs associated with the payment of claims. A partially self-funded plan typically saves 20% on administrative costs over a traditional health insurance plan.

Improve  Cash Flow – Unlike traditional plans where you pay a premium that funds claims if and when they occur, claims under a partially self-funded plan are paid only when they occur. Rather than paying a set amount to an insurance company every month, you keep and earn interest on your money and only pay for actual claims submitted.

Customize Plan Flexibility – With a partially self-funding health plan, you have limitless options for designing the best possible plan for your business. Co-pays, coinsurance, deductibles, covered benefits, and excluded benefits can all be tailored to meet the needs of your employees with limited risk.

Claim Utilization Report –

Claim utilization reports identify claim trends specific to your group and allow you to better manage and control the costs of your benefit plan to budget effectively. limited risk.

  • SERVICES RETIREMENT PLANS AND SERVICES
    Annual reports to the employer IRA’s
    Signature-ready and electronic 5500 filing SEP’s
    Plan document preparation and maintenance SIMPLE Plans
    Nondiscrimination testing 457’s
    Loans, hardships, terminations, RMDs, QDROs Defined Benefits Palns
    Defined Contribution Palns, including 401 (k) s

On-Site Qualified Plan, Case Design and Vendor Selection

Our staff of dedicated professionals specializes in providing retirement plan products, support services and consulting to organizations across the nation. The plan sponsor and advisor can choose from a platform of plan investment and/or plan administration services and select the ones that best meet their needs.

Instead of re-creating the wheel, use our resources for:

  • Plan cost benchmarking
  • Investment policy statements
  • Scorecard® investment evaluation
  • Fiduciary reviews

Why Hire Us as a Retirement Plan Advisor?

  • Independence
    Ability to help evaluate funds and providers objectively, without a conflict of interest.
  • Familiarity with ERISA
    Ability to keep the employer updated on litigation, legislation and regulations impacting plans and fiduciaries.
  • Prudent expert
    ERISA section 404(a) requires fiduciaries to act with the skill, knowledge and expertise of a prudent expert.
  • Expertise in plan design
    Ability to help plans maintain qualified status while continuing to meet the goals and objectives of the plan.
  • Knowledge of the provider marketplace
    Ability to ensure that our plan is being administered in the most efficient manner and for a reasonable price.
  • Qualified plan investment expertise
    Ability to evaluate, select and monitor fund performance.
  • Documentation skills
    Ability to demonstrate procedural prudence in a well-documented manner.
  • Communication skills
    Ability to educate employees regarding plan highlights, and how to create an appropriate investment strategy.
  • Acceptance of role as a co-fiduciary
    Willingness to acknowledge in writing that we are a co-fiduciary to the plan with respect to the investment advice being
    delivered.
  • Full and open disclosure
    Fully and openly discloses all sources of fees being received on a direct and/or indirect basis.

By partnering with Local attorney’s and CPA’s we make sure to consider and collaborate to develop a comprehensive tax, legal and Investment strategy.

401(k) / New Comparability Profit Share

Implementing and Amending corporate 401(k)’s. Often combining plans with Private Pensions for additional tax deferral.

Defined Benefit Plans

Private Pensions or Defined benefit plans allow business owners Personal tax deferral beyond what they could achieve by other methods- often $250k or more of annual tax deferral. Pensions are usually designed with the owner’s personal tax in mind while all allowing for some employee benefits.

Executive Deferred Compensation

Proper Insurance Planning can allow Executives and Owners Tax Deferred Compensation with Index Universal Life.  Further planning like Premium Financing, Split Dollar Agreements can accelerate wealth accumulation.

Insurance

With our relationships with LifeMark and Duncan Advisor Group, we have access to Best-in-Class insurance carriers. With a full research team and advanced case design clients can be assured they’re receiving the highest and best use of their Insurance premiums. For employees we offer all state group health insurance plan to be sure you have the lowest premium. This includes Level Funded options you likely haven’t seen!

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J Donovan Financial partners with Redhawk Wealth Advisors as our Registered Investment Advisory. All business conducted with Redhawk Wealth Advisors is Fee based only Investment Advice with no Commissions taken. This allows the client to be certain the advisor is always acting in the client’s best interest. We offer several investment platforms for advisors to select appropriate investments that are in the best interest of their clients. Our diverse platforms will ensure that the investment account fits your needs and how much discretion you want over your account.

Non-Managed Accounts

If you want to create an account under our institutional platform for investments that the investor wants to keep as a holding, the non-managed account option allows for this. In addition, you might have a collection of non-managed accounts you would like to keep in combination with one or more wrap account or fully managed account options.

Wrap Accounts

Wrap accounts are managed by the Redhawk Investment Committee. The investment committee meets weekly to select, monitor, and replace the underlying investments in the portfolios. These accounts are actively managed and will go to a cash position based on market conditions. Redhawk has full discretion over the account and executes the trades on behalf of the client based on the direct of the Redhawk Investment Committee. Redhawk pays for the trading and transaction cost associated with this account. The portfolios include the following:

  • Bond strategy
    (both taxable and tax-sensitive)
  • Bond strategy
    (both taxable and tax-sensitive)
  • Bond strategy
    (both taxable and tax-sensitive)
  • Bond strategy
    (both taxable and tax-sensitive)
  • Bond strategy
    (both taxable and tax-sensitive)
  • Bond strategy
    (both taxable and tax-sensitive)

Managed Accounts

Managed accounts includes various sub-advisors selected and monitored by Redhawk’s investment committee. Redhawk has full oversight over the sub-advisor’s portfolios and Redhawk has full discretion over the account and executes the trades on behalf of the client based on signals provided by the sub-advisors. Your Redhawk advisor has access to some of the leading sub-advisors that cover fixed income, tactical management, strategic management, and alternative investments. The client pays for the trading and transaction cost associated with this account. The sub-advisors approved include the following:

  • 3D Asset Management
  • BlackRock
  • Dorsey Wright & Associates
  • Guggenheim Investments
  • Howard Capital Management
  • Aggressive strategy
  • Beaumont Capital Management
  • Permanent Portfolio Family of Funds
  • Sage Advisory Services
  • VanEck
  • Victoria Capital Management
  • Voya Financial
  • W.E Donoghue
  • Zeo Capital Advisors

Redhawk’s investment committee meets monthly in order to select, monitor, and replace the portfolios managed by the sub-advisors. The investment committee also evaluates and determines the appropriate risk of each investment based on a proprietary methodology and has placed each investment in a portfolio matrix. The investment committee also publishes a monthly advisor communication that provides a monitoring report and any restrictions imposed on a portfolio.

Open Investment Platform (OIP)

This account allows your advisor to have full-discretion and fiduciary oversight of your account. In order for a Redhawk advisor to take on full discretion over your account, they must meet higher standards in order to qualify. Under this arrangement, your advisor will be responsible for managing your account and executing trades on your behalf. Your advisor is also responsible for sending you quarterly account statements. You must execute a written power of attorney with your advisor. Virtually every investment vehicle is available under the OIP. The client pays for the trading and transactions costs associated with this account.

At Redhawk Wealth Advisors, Inc., (“Redhawk”) our focus is on creating, growing and managing wealth through a broad range of financial products and services that promotes the economic well-being of our select group of clients and advisors.

Originally founded in 2005, Redhawk Wealth Advisors is an SEC Registered Investment Advisor (“RIA”) firm based in Minneapolis, Minnesota. We are a full-service RIA serving independent advisors throughout the United States. We offer a full-suite of wealth management and retirement plan services through leading technology and service providers. These services are supported by our proprietary technology, comprehensive clearing and compliance services, practice management, training and research.

Contact Us

Contact Information

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J DONOVAN FINANCIAL

phone

407-803-4710

mail

JDR@JDonovan.Financial