David, who launched his company (www.theretirementresource.org) in 1982 as Boike Financial Services after two years as an insurance agent at what is now Northwestern Mutual Financial Network, coached high school basketball and baseball while teaching history and business in his post college years. DJ, who worked in various capacities at the firm while growing up, followed in his father’s footsteps, teaching history at a private school for six years and coaching various sports. He was recently inducted into the Michigan Coaches Association’
“When I founded Boike Financial Services, I decided I wanted to provide full financial planning services,” David says. “I felt it was the best way to use my teaching and coaching skills to help get people’s financial lives in order. It was a way for me to broaden my scope and become a financial coach.”
DJ adds, “The coaching part is what separates us from other financial advisors. We’re not selling products. We are fee based advisors. When a client comes on board, we
Become their financial coach, designing for them an action plan to help them achieve their financial goals and solve their financial problems.”
With offices in Flint and Auburn Hills, Retirement Resources currently has 12 employees, including five full time advisors servicing approximately 1000 clients – with each advisor working at any given time with a manageable clientele of 100-200. Clients are between 60-75 years of age, either retired of within a few years of retirement, with a typical minimum under management of $250,000.
In 2007, the firm was honored by The National Ethics Bureau for their longtime commitment to ethical business practices with their Member of the Month award. Retirement Resources has also been nominated for the National Advisor of the Year award, presented annually by Senior Market Advisor.
For 2011 and 2012, Retirement Resources was awarded the 5 Star Wealth Manager of Michigan – a distinction only given to the top 7% of advisory firms. David was featured on NBC25 every weeknight at 6 p.m. for four years discussing the daily market wrap up. Both Dave and DJ appeared weekly on 1270 AM WXYT, discussing timely economic and retirement topics critical to a successful retirement.
The Boikes also speak regularly on a local and national basis to groups of retirement age people, averaging 6-10 engagements per month at lunch and dinner seminars, Rotary Clubs, business, churches and charity organizations.
David and DJ have authored a powerful new book called “High Tide: A Practical Guide For Affluent Retirees To Protect, Profit and Prosper From The Coming Storm.” During the last decade, David and DJ took every opportunity possible to share his feeling about a coming financial crisis based on “The Perfect Storm” of underfunded Pensions and Social Security, rising government debt, the implosion of the housing market, volatile financial markets and terrorism, among other contributors.
While the Boikes’ firm has blossomed well beyond David’s initial goals three decades ago – and secured the financial futures for more clients than he ever dreamed possible - he has enjoyed the added bonus of working with family. DJ’s brother Jake, also a Senior Partner and Registered Financial Consultant, is firm’s Chief Operating Officer; Dave’s wife Cherie has been actively involved on the administrative since the beginning; she is currently Dave’s Executive Assistant.
“Beyond our immediate family members,” Dave says, “everyone who works on our team here at Retirement Resources shares our founding vision that we are there to make a difference in people’s lives. DJ and I could not continue to build the company with the high standards we have if the entire team was not on board with us, committed to living that vision every day.”
Read More: theretirementresource.org/