When I was growing up, my parents worked hard as owners of a small retail business, but, because they didn’t plan ahead, they were never able to retire. Remembering their circumstances, I understand how a sound plan can help transform one’s later years, and I am committed to helping my clients retire on their own terms.
Starting new client relationships with in-depth conversations about their professional lives, families, interests and hopes for the future is a process I enjoy. We discuss their assets, liabilities, needs and goals. It’s important that we have a thorough understanding of their current financial position and risk tolerance as well as their objectives. Taking time to answer questions and educate clients about how markets work helps them feel comfortable as we move forward with our investment process and methodology.
In our practice, Pari Hashemi Magura, CFP®, CRPC®, Senior Vice President – Investment Officer, and I place a strong emphasis on planning. With the information we gather in those initial discussions, we put together portfolios that seek to align with our clients’ timeline and goals. Managing risk, while attempting to minimize the impact of volatile markets, is key to balancing short-term fears and concerns with longer-term needs and objectives.
One way that we look to differentiate our practice from others is by making investment recommendations only after a considerable amount of due diligence. We want our clients to know that we are confident in the investments we’re proposing – so much so that we often consider similar solutions for our own portfolios.
To make sure we are on track, we review clients’ retirement plans during scheduled meetings, but we are also able to make changes in the interim. When appropriate, as Senior PIM Portfolio Manager, I am entrusted to manage clients’ assets with discretionary authority. I’m able to adapt to changes in the markets if need be, and we have a team of experienced client service members available to react to operational needs on a timely basis.
Utilizing more than 25 years of experience, my ultimate satisfaction comes from helping clients achieve both their short- and long-term goals. This could include a client retiring earlier, traveling in retirement more than they ever could have imagined, or helping their parents, children and grandchildren while still providing a comfortable retirement for themselves.
I am a 9-time winner of the Five Star Wealth Manager Award1 (2012-2021) and have achieved the level of Senior PIM Portfolio Manager,2 a designation that gives me the ability to conduct discretionary investment management on behalf of my clients. I am proud to have achieved this role as there are strict eligibility requirements and not all Wells Fargo Advisors Financial Advisors are able to attain it.
Additionally, in 2022, I was named to Forbes' list of the Best-in-State Wealth Advisors,3 and Wells Fargo Advisors has named me a Premier Advisor every year from 2013-2022.
The Premier Advisor distinction is held by a select group of Financial Advisors within Wells Fargo Advisors as measured by completion of educational components, business and professionalism. Additional criteria, including length of service, may also be used to determine recipients.
Away from the office, I enjoy playing and attending sports including golf, tennis and basketball. My wife, Sally, and I have two children, Max and Brooke. As the parent of a special needs child, I am involved in planning events to help support my daughter and other families in my community. Also, Pari and I have the capability to assist with special needs planning. It’s rewarding to help others facing similar challenges and celebrate their successes as well.
CA Insurance License #0M90080, Resident State PA
1 1 The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Active as a credentialed professional in the financial services industry for a minimum of 5 years; 3. Favorable regulatory and complaint history review (unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process*); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients; 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. Wealth managers do not pay a fee to be considered or awarded. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The award methodology does not evaluate the quality of services provided and is not indicative of the winner’s future performance. For 2021, 3,576 Philadelphia wealth managers were considered for the award; 310 (9% of candidates) were named Five Star Wealth Managers. *To qualify as having a favorable regulatory and complaint history, the person cannot have: 1. been subject to a regulatory action that resulted in a suspended or revoked license, or payment of a fine, 2. had more than three customer complaints filed against them (settled or pending) with any regulatory authority or Five Star Professional’s consumer complaint process, 3. individually contributed to a financial settlement of a customer complaint filed with a regulatory authority, 4. filed for bankruptcy, or 5. been convicted of a felony.
2020: 4,148 Philadelphia wealth managers were considered for the award; 366 (9% of candidates) were named Five Star Wealth Managers. 2019: 3,910 considered, 437 winners (11% of candidates); 2018: 3,721 considered, 439 winners (12% of candidates); 2017: 3,022 considered, 437 winners (14% of candidates); 2016: 2,671 considered, 660 winners (25% of candidates); 2015: 4,696 considered, 805 winners (17% of candidates); 2014: 4,438 considered, 856 winners (19% of candidates); 2013: 3,354 considered, 934 winners (28% of candidates); 2012: 2,847 considered, 773 winners (27% of candidates).
2 The PIM program is not designed for excessively traded or inactive accounts, and may not be suitable for all investors. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services. The minimum account size for this program is $50,000.
3 The Forbes Best-in-State Wealth Advisors ranking algorithm is based on industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a ranking. Investment performance is not a criterion.