Five Star award winner Robert Karras, CFP®, CLU, CHFC

PROFESSIONAL PROFILE

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Robert Karras, CFP^®, CLU, CHFC

Registered Investment Advisor

R. Karras, Asset Management & Planning, LLC.

5005 Rockside Rd Ste 600

Independence, OH 44131

Office: 216-573-3788

rkarras@rkarras.com
www.rkarras.com

Professional Approach

R. Karras, Asset Management & Planning, LLC. was founded in 2008 by Robert Karras after many years of financial success dating back to 1982. Bob began his financial career with a major Insurance Company and after much success and several promotions climbing the corporate ladder, Bob decided he wanted more for his clients and decided to become an Independent advisor versus a company employee with proprietary products. In 1995, Bob started his quest for complete Independence and formed his company, The Financial Strategies Group based in Cleveland, Ohio with a partner. Recognizing his Independent drive, clear focus, and unmatched work ethic, Bob chose to continue his success with a name that clearly speaks to what he does. So, R. Karras, Asset Management & Planning, LLC. was formed in 2008.

Over the years Bob has continued to educate himself in the financial service arena and has attained both designations of CLU (Chartered Life Underwriter) and CHFC (Chartered Financial Consultant) through the American College in Bryn Mawr, PA. Due to the complexities of the financial services arena and to better serve his clients, Bob went on to achieve the prestigious CFP (Certified Financial Planner) designation and was awarded this designation in 2001 through the College for Financial Planning in Denver, Colorado. Currently as of December 31, 2021, Bob is just 1 of 3244 CFP's in the State of Ohio.

A lifetime resident of The Greater Cleveland area, Bob understands the landscape and thought process of his clients and continues to support and grow with them in all aspects of their lives.

Over the years Bob has served on several local Company and Non-Profit Boards helping companies and non-profits establish policies and providing guidance. Additionally, Bob has conducted many seminars on all aspects of Financial, Retirement and Asset Management to groups and schools in an effort to continue to guide and help educate individuals.

See Accomplishments

This award was issued on 07/01/2023 by Five Star Professional (FSP) for the time period 10/10/2022 through 05/05/2023. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 1,721 Cleveland-area wealth managers were considered for the award; 52 (3% of candidates) were named 2023 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2022: 1685, 51, 3%, 7/1/22, 10/25/21 - 4/22/22; 2021: 1692, 48, 3%, 7/1/21, 7/6/20 - 5/14/21; 2020: 1548, 62, 4%, 3/1/20, 5/13/19 - 1/24/20; 2019: 1558, 71, 5%, 2/1/19, 5/16/18 - 12/7/18; 2018: 1437, 53, 4%, 2/1/18, 5/22/17 - 12/12/17; 2017: 872, 117, 13%, 1/1/17, 4/26/16 - 12/27/16; 2016: 828, 123, 15%, 1/1/16, 7/27/15 - 12/31/15; 2015: 1595, 130, 8%, 2/1/15, 7/27/14 - 12/31/14; 2014: 1838, 151, 8%, 2/1/14, 7/27/13 - 12/31/13; 2013: 1485, 169, 11%, 2/1/13, 7/27/12 - 12/31/12.

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Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria-required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP's consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP's consumer complaint process; feedback may not be representative of any one client's experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria-considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager's future performance . Wealth Managers may or may not use discretion in their practice and therefore may not manage their clients' assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. Visit www.fivestarprofessional.com.