“Carolyn was a rural mail carrier and her husband a teacher.
She inherited pasture land with her sister and wanted to develop it into an almond orchard. Her sister did not want to and she could not afford to buy her out, so she was told to sell the property and invest with me. I would have made a lot of money on that investment.
Instead, I took her to an attorney who set up an agreement between them that allowed Carolyn to develop the land and pay her sister pasture land rent.
When her sister died, she would sell her half to Carolyn or her family at pasture land prices. We borrowed from her husband’s retirement to develop the land and then got agriculture loans.
I did not make any money for 15 years but now they have an orchard that is all paid for, and I have a client who has millions to invest. And I have developed a great friendship.”
This is just one of many moments that define a forty-year career in high-end financial planning. If you want to know about my certifications and experience, you can scroll down to the bottom of this page, but what I really want you to know is my passion for my clients and for my work.
I care deeply about my clients and helping them succeed. Sometimes that means long hours researching a specific tax rule. Other times, it means meeting with top estate planning attorneys to get to the bottom of an issue. And still others, it just means listening.
Your finances are to be cherished, and you deserve a professional who can guide you with knowledge and integrity. Ely Prudent Portfolios was established to provide you with exactly that.
I invite you to get to know us. We’re just a call away.
I’ve been in the financial services industry for over 40 years and a fee-only advisor for 25. I’m an acknowledged expert on required minimum distribution and fiduciary issues, but I am best known for my entertaining financial writings—good investment advice needs to be exciting!
MRD-Determinator and Pre-Determinator, programs on required minimum distribution and pre-59 ½ rules. They were reviewed by MorningstarAdvisor.Com, Investment Advisor, Accounting Today, and WebCPA.