One Independence Township resident is investing in his community.
Eight years ago, Mark Wayne and his wife Kerri were looking for a good community to raise their new and growing family. (The two have been married for 13 years and have two children; seven-year-old Michael and nine-year-old Karley.)
At the time, they longed for a neighborhood filled with youngsters to play with their own children; a community which they could support and involve themselves in; and, a home they could settle down in for years.
The search brought them to Clarkston. While visiting the area, the Waynes stopped at Depot Park. A conversation with a friendly local resident led to an invitation to attend the annual Fourth of July parade.
After attending the patriotic affair, Mark said, of Clarkston, “We were hooked. This was the community in which we wanted to raise our children.”
Mark and Kerri wasted no time. The very next day they started building a house in Deerwood.
In 1998, Mark founded Freedom One Financial Group.
His original plan was to strategically place his company office to be within a 20-minute circle from home, leading him to open an office in Troy. Soon, however, the drive became too time consuming with the heavy traffic incurred daily.
“Clarkston is a phenomenal town in which to raise a family and has a growing business community,” he said. “I’m a big believer in north Oakland County.” So, Mark made the decision to relocate his company to Independence Township.
This way, he can “maintain a higher quality of life with his family,” by being closer to home.
Having a difficult time finding available office space suitable for Freedom One’s needs, Mark said it made sense to build his own office. One day, passing property for sale on M-15, north of I-75, “I said, ‘boy we can put a beautiful office building on that setting.'”
Currently under construction, is a two-story 35,000 square foot building with additional underground parking and a 4,000 square foot storage facility, making it the largest Class-A office building in Independence Township.
Freedom One will occupy the second floor of the building, and first floor square footage of up to 17,000 square feet is presently being pre-leased, and will be configured to the tenant’s specifications.
“I’m looking for other people like me who live in north Oakland County and don’t want to make that drive to a traditional business center in Troy or Southfield.”
The new building, slated for occupancy in September, will also feature a 1,100 square foot full service exercise gym and health facility.
Mark has insisted that particular attention be paid to utilizing only the highest quality of finishes within the building. And after completion, the office center will be maintained with the highest of standards as well.
One of the main reasons Mark is looking forward to coming to Clarkston is to specialize Freedom One’s large philanthropy program locally. “I look forward to moving to Clarkston to focus our efforts within the community.”
When Mark founded Freedom One his goal was to be exactly what they’ve become today, Michigan’s largest full service 401(k) plan provider.
Freedom One oversees a billion dollars of retirement plan assets for more than 350 corporate clients in 16 states totaling more than 28,000 participants.
“Many people ask ‘how can we be the largest if I’ve never heard of you?'”
That’s because Freedom One is exclusively endorsed by associations including the Michigan Dealers Association, Michigan Manufacturers Association and the Michigan Tooling Association for whom they provide 401(k) plans to the members. For example, there are many auto dealers in Clarkston, alone, who are Freedom One clients endorsing the company as a 401(k) provider for their employees.
Freedom One has also held the title of one of Michigan’s fastest growing 100 companies, awarded by The Detroit News three years in a row.
The growth has continued to spread nationally as well with the addition of 70 clients from the California Auto Dealers Association. Additionally, Freedom One will add approximately 40 auto dealers from the Missouri Auto Dealers Association within the next year.
Freedom One has been featured in Crain’s business magazine as a Top 10 Money Manager and Mark was named one of the top 40 business owners under age 40.
For leasing information call Stacy Green at (248) 331-0215 or David Greene at (248) 331-0206.
Freedom One Financial Group
Professionalism combined with proactiveness matched to a positive attitude and teamed with accountability leads to EXCELLENCE. Those core values comprise the guiding philosophy behind Freedom One Financial Group’s approach to operating a full service 401(k) plan.
‘Our overriding drive, our number one core value, is excellence,? said Mark Wayne, owner and CEO of Freedom One Financial Group. ‘That may sound like a clich?, but you would be surprised how many 401(k) companies? driving force is not excellence.?
When Mark Wayne started Freedom One Financial Group in 1988, his goal was simple: to help people have a successful retirement. By adhering to their core values over the past 17 years, Freedom One has proven their excellence time and time again.
‘We offer the best 401(k) plan available. We are Michigan’s largest full service 401(k) plan provider and we got to where we are today because of our commitment,? said Wayne.
Freedom One’s 90 percent participation rate in their plans and 7 percent income deferral embarrasses the industry average of 50 percent participation with 3-4 percent income dedication.
?401(k) plans all start the same: they all start with three letters and one number, they all have the same rules, they all have statements every quarter and offer investment options, so a lot of people think they are very generic,? said Wayne. ‘But if you have 100 employees would you rather have 50 in the plan or 90 in the plan. With only half of the people participating, half of a company’s employees are going to fail right off the bat.?
Freedom One has generated fantastic confidence in their ability to ensure a fruitful retirement by producing consistent, positive results.
‘We have 99 percent client retention, which is unheard of in our industry. We design portfolios that are very diversified and very successful. In fact, four out of five of our portfolios outperformed the S&P over the last five years,? said Wayne.
Freedom One’s exceptional investment history is augmented by the company’s status as a Registered Investment Advisor. They are also endorsed by the Michigan Automobile Dealers Association, the Michigan Manufacturers Association and the Michigan Tooling Association.
‘As an RIA, we are registered with the Securities and Exchange Commission and we take an oath to be unbiased,? said Wayne. ‘We are paid by our clients, not by the investment companies we recommend. We don’t serve two masters. By contrast, nearly all other 401(k) providers recieve undisclosed revenue from mutual funds. That is a Department of Labor regulations violation.?
Wayne’s team members are an extension of his philosophy of excellence derived from profesionalism, proactiveness, a positive attitude and accounability.
‘We are able to maintain our core values because we hire with those goggles on. If I can not find multiple examples of each of our core values, I can not hire that person,? said Wayne. ‘Frankly, it’s a heck of a lot easier for us to achieve excellence when we are starting with strong core values.?
From personal meetings every six months with plan participants to persistently pursuing the shrewdest investment opportunities, Wayne’s employees work as a unit to ensure overall excellence.
‘We don’t focus on a lot of different things. Our goal in life is to help people retire successfully,? said Wayne.
Freedom One Financial Group’s new, 35,000 square foot office is located at 8031 M-15 just north of I-75. Business owners should call 248-620-8100 to set up a consultation.