The concept of an integrated planning platform was adopted by our founder – Charles Tune, CPA – at the dawn of the new century. Having been in private practice as a Certified Public Accountant since 1980, he saw a void in the planning process that was not being filled. Individuals and business entities had a CPA, an Attorney or two, a Financial Planner, and at least two Insurance Agents none of which rarely or never communicated with each other. Simply stated, the right hand did not know what the left hand was doing.
After a decade of observing, learning and education, Mr. Tune formed CHT Group Inc. in 2010. In addition to our Investment Management services, we coordinate other services needed by affluent clients, so the right hand always knows what the left hand is doing; all under one roof.
Mr. Tune had observed unethical business practices being perpetrated by all too many financial professionals. To quote Mr. Tune every year at least one tax return client furnished a Form 1099 showing an annuity had been exchanged, almost always with early withdrawal penalties. Invariably the client talked to a new insurance agent who convinced my client to exchange an existing annuity for a new one. In most cases, they had not been dissatisfied with the original product but were convinced there was a better one on the market. There are similar stories with life insurance products as many permanent life insurance policies are sold when “buy term and invest the rest” was a better choice. In many cases, investors are placed in a mutual fund that is expensive and strategies poorly designed without the best interests of the investor in mind.
Coordinating asset protection strategies with attorneys having expertise is another vital component of our service.