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WHERE TO GO FOR COOGAN ACCOUNT HELP
The opportunities opened up by the Revised Coogan Law have caused a surplus of choices which many may find intimidating. Don't panic. Listed below are people and institutions in which we have absolute confidence. "A Minor Consideration" cannot be specific in its recommendations, but here are the people and businesses who have proved to be most helpful implementing The Revised Coogan Law in the first three months of its existence.
AFTRA/SAG CREDIT UNION (for union members)
With three area branches to serve union members, the AFTRA/SAG Credit Union offers low cost and "actor friendly" services. This is a wonderful place to establish your child's credit. Just mention "The Coogan Law."
(818) 562-3400, Monday-Thursday 8:00 a.m.-5:00 p.m.
Friday 8:00 a.m.-6:00 p.m. (PT)
Toll-free outside Los Angeles
(800) 826-6946
Overseas
(818) 562-3400
AFTRA-SAG Federal Credit Union
WELLS FARGO BANK
These folks have been "with it" when it comes to the New Coogan rules from the beginning. Wells Fargo has branches all over the place, but you will find a particular welcome at the Toluca Lake Branch. Just mention "The Coogan Law."
Emlyn Gamboa
Wells Fargo Toluca Lake, California
New Accounts
323-634-1600 or
323-634-1603
Wells Fargo Online
WELLS FARGO BANK
Teresa Chandler
Vice President, Branch Manager
1300 4th Street
(4th and Arizona)
Santa Monica, CA 90403
Tel: 310-393-0443
BANCO POPULAR NORTH AMERICA
Frances Marie Maizland
Santa Clarita Branch Manager
27931 Kelly Johnson Parkway
Santa Clarita, CA 91355
Tel: 661-775-3966
Fax: 661-775-2763
FULL RANGE BROKERAGE SERVICES
Many of our most sophisticated families are opting for the higher returns and personal service of major investment firms. Broadly based mutual funds are allowed under The New Coogan Law. Professional Financial Advisors come with the packages offered by these firms and it is the wise family that recognizes each component of the investment picture, not just for their working children, but the entire family. Please give the following some serious "consideration." I am equally confident in all of the firms and individuals listed below so I will have to "draw lots" to determine the presentation order. Remember that an investment firm usually has cooperative arrangements with banks and savings and loan institutions and there is no limit to the number of Coogan Accounts a child might own or how their money may be invested. There can be No Withdrawals in a Coogan Account, but the transfer of funds is allowed.
WADDELL & REED
I have personally met with and talked to the senior management of this corporation, both in Southern California and at their Kansas City headquarters Waddell & Reed's commitment to the investment needs of children is a historical reality that pre-dates "A Minor Consideration." Their "loyalty factor" is four times the industry average, and the Director of Marketing, Mr. Thomas Butch, helped create the Stein Roe "Young Investor Fund".
Daralee Barbera, CFP, CMFC,
Division Manager &
Mario Vinci, CFP,
Financial Advisor
Tel: (714) 437-7510
Fax: (714) 437-7515
Waddell & Reed Financial Services
NORTHWESTERN MUTUAL FINANCIAL NETWORK
Mr. Jack B. Weinstock, CLTC
Financial Representative
110 S. Juanita Ave. Unit 4
Redondo Beach, CA 90277
Tel: 310-543-9156
CA Lic. #0C82715
This company has consistently been recognized as one of the top management asset companies in the world, and we welcome their interest in the world of Coogan.
PAINEWEBBER
Dan Ayers
Financial Advisor
Redlands, CA
Tel: 800-458-7384
Tel: 909-335-2134
Fax: 909-793-8049
We hope the above information helps you in establishing your child's Coogan Account. While the California Law only requires a set-aside of 15%, we urge you to do better. We are keenly interested in your experiences, so if you have insights or solutions, please share them with us. We can and will modify the above list as The Revised Coogan Law spreads into our community.
Fraternally,
Paul Petersen
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