Rick Kahler, MSFP, ChFC, CFP®, CCIM, wealth advisor and owner of Kahler Financial Group, is a life-long resident of Rapid City, South Dakota. He began his professional career in 1973 selling and appraising real estate He founded Kahler Financial Group in 1981 and became the first fee-only Certified Financial Planner™ (CFP®) in South Dakota in 1983.
He is co-author of four books on the psychology of money: Conscious Finance (FoxCraft, Inc., Second Edition 2007), The Financial Wisdom of Ebenezer Scrooge (HCI, 2006), Facilitating Financial Health (NUCO, 2016 2nd Ed.) and Wired For Wealth (HCI 2009). Rick is a columnist for The Rapid City Journal (since 1991) and has authored in the hundreds of articles and whitepapers.
His work, as the co-founder of Onsite’s Healing Money Issues workshop, was featured by ABC News’s 20/20 in 2009 and in Wynonna Judd’s book Coming Home To Myself, (New American Library, 2005). The Wall Street Journal hailed this work as "an innovative effort that combines experiential therapy with nuts-and-bolts financial planning."
Rick has served on several national boards and is currently a founding board member and past Chair of the Financial Therapy Association, and is a past director of the National Association of Personal Financial Advisors Midwest Board.
In 2009, BusinessWeek named him one of the top 15 most experienced planners in the nation. In 2009, he was recognized by Wealth Manager magazine as the largest financial planning firm in a seven-state region. In 2012 InvestmentNews named him one of the top 15 financial advisors to follow on Twitter.
His firm, specializing in the integration of financial coaching, counseling, and traditional financial planning, attracts a nationwide clientele. Rick specializes in investment advising and financial planning services for business owners, professionals, and retirees
Rick graduated from the American College, Bryn Mawr, PA, in 1988, earning the Chartered Financial Consultant (ChFC) degree. In 1984, he was admitted to the Registry of Financial Planning Practitioners by the International Association of Financial Planners. He obtained his master’s degree in personal financial planning in 1999. He is on the faculty at Golden Gate University where he teaches the Facilitating Financial Health graduate course.
He served on and chaired the South Dakota Investment Council (managing $6 billion) and served nationally in several leadership capacities with the Financial Planning Association. Kahler is also a nationally renowned speaker and educator. In 2003, National American University Mr. Kahler recognized by with the Alumni Distinguished Service Award.
He has been published or cited in USA Today, The Wall Street Journal, The New York Times, The Washington Post, Forbes, Money, CNBC.com, Smart Money, Kiplinger’s, Parenting, AARP, Counselor Magazine, Investor’s Business Daily, MarketWatch, Journal of Financial Planning, Financial Planning, Investment Advisor, Wealth Manager Magazine, Reuters Money, Self, Redbook, Psychology Today, Times of London, and Men’s Health.
What Rick Does All Day
My most important role is creating, planning, prioritizing, and integrating the strategic vision of the company. This includes responsibility for all components and circles of KFG: strategic planning and prioritizing; recruiting, terminating, and compensation of employees; succession planning; sales and purchases of company equity.
I serve as KFG's Chief Investment Officer and develop, maintain, and oversee the strategic investment program of our clients. This includes developing and modifying the Investment Policy Statement, reporting and performance metrics, approving procedures, developing investment policies and philosophy, developing the asset allocation and covariances of the portfolios, overseeing the selection of investment managers, and establishing projected returns.
I am the financial strategist and oversee the financial activities of the company which include budgeting, handling compensation plans, employee benefits, accounting, and tax reporting.
Generating all general company communications is another item on my plate. That means I am in charge of the content of bulk emails, blogs, social media, columns, articles, and books.
Marketing the company is one of my bigger responsibilities, though I spend very little time doing it. This is partly because most of our clients come to us by referral or find us online. I spend most of my marketing time developing the marketing plan utilizing social media (i.e. LinkedIn, Twitter, Facebook and Google Plus) and maintaining our website and blog. Occasionally I do speak to service clubs, give a community educational class, and attend Chamber of Commerce events.
The role that still gives me the most satisfaction is financial planning. This includes assisting our analytical planners with the more difficult planning scenarios they run into. I also meet with clients weekly when I am in town, and I conduct all of the meetings with prospective clients.
My day in the office typically starts with some quiet time every morning around 7:00 a.m. and wraps up around 6:00 p.m. While I don’t break for lunch, I do take 90 minutes a day to work out at a gym not far from my office. Most of that time is spent on various cardio machines where I can easily access my iPhone and iPad on which I return emails and catch up on my reading. The other KFG staff members tell me I am often more available when I am working out than when I am at the office.
As many of you know, one of my passions is travel. Whether I'm at a professional conference or exploring ancient ruins halfway around the world, however, I don't ever "get away from it all." Nor, given my love for my work, would I want to. Thanks to technology, I am able to stay in touch with staff members and clients no matter where I am.