Joe Hamel is the President and Founder of Hamel Advisory Services, LLC. As an investment advisor representative of Portfolio Medics, Joe is held to a high professional standard as he acts as a fiduciary when working with his client’s investments. Joe does things differently than many financial advisors; he does not sell securities for commissions and he ensures that his clients are informed of the fees they are being charged. Being a fiduciary means that Joe must act in your best interest at all times and also disclose and/or eliminate all potential conflicts of interest.
Joe got his start in the retirement planning field by becoming an insurance-only advisor in 1999, but saw how this model did not always allow him to best serve his clients. In July of 2007, Joe passed his Series 65 exam, which allowed him to give advice to his clients over and above just insurance.
It was at this time that Joe started offering investment advice through an independent registered investment advisor. He knew that offering investment management services in this manner would allow him the freedom and diversity to offer his clients appropriate, suitable investments and also have the ability to act in his clients’ best interests. To Joe, his clients always come first.
Joe concentrates on educating his clients about the process of managing risk while investing. Many times he finds clients in inappropriate or unbalanced allocations which are usually the result of either a lack of understanding or inappropriate past investment advice. Joe takes pride in rebuilding financial plans for his clients which ultimately provide them with peace of mind in retirement.
Joe also works with his clients to ensure they have income streams they cannot outlive, and that their nest-egg is protected from the various threats retirees may face, like probate court, long-term care spendown and estate taxes.
Joe is a member of the National Ethics Association, and his firm is a member of the Cleveland Better Business Bureau (A+). He is a graduate of Kent State University, and lives in Medina with his wife, Sondra, of 28 years and four children (Ben, Jake, Luke and Anna Grace). Joe and his family are members of St. Francis Xavier Catholic Church in Medina. Joe spends much of his free time volunteering at his church, or coaching his son’s baseball and basketball teams.