Hello everyone! I am Ananya Chopra, a senior at Robbinsville High School and an aadhyatmik youth volunteer leader.
Aadhyatmik is a 501C3-approved nonprofit organization whose mission is to bring the Indian American community together through a celebration of its shared rich cultural heritage and community-driven events. Aadhyatmik’s events are a platform to give back to the community. Over the years, through its events, Aadhyatmik has supported other causes that fight hunger, supports seniors through contributions to local Meals on Wheels, supports local firefighters, police, and children of sex workers in India.
As an aspiring quant who has been studying the markets for the past four years and holds a Chartered Market Technician Level 1 Certification, my background in financial education has brought attention to the significant disparities in financial literacy. As a proactive response, I have dedicated my efforts to addressing this gap, particularly through my website, Quantann. Through Quantann, I aim to make financial education readily available to aspiring investors and those in need of financial literacy resources. With this goal, I could not have been more excited when the opportunity presented itself to be able to organize a Sangat on wealth management for the community through aadhyatmik.
Featuring the distinguished speaker panel of Jeffrey Greener, Robert Burke, Rich Sunden, and moderator Vipul Malick, this assembly focused on 3 specific areas: living wills, 1031 forms, and portfolio optimization.
Jeffrey Greener helps clients protect, preserve, and pass on their wealth. His practice encompasses estate and business succession planning, developing asset protection strategies, and assistance with elder law issues. He has drafted wills, trusts, health care directives, and durable powers of attorney for his clients, shareholders, partnerships, and buy-sell agreements for over 25 years. Jeffrey also counsels many non-profit organizations, including public and private charities, and has served as a board member and as chairman of the Alzheimer’s Foundation of America. He is currently serving as Deputy Mayor of the Village of Kensington, New York.
Robert Burke is a Senior Vice President with Cantor Fitzgerald Asset Management. Robert is responsible for Capital Formation and Advanced Planning Solutions with RIA’s, Family Offices and Broker Dealers in NY and NJ for Cantor Fitzgerald Asset Management’s Real Assets and Traditional Investment Platform. Robert brings 20 years of experience in Distribution, Product Management, Due Diligence and Investment Banking for global alternative investment platforms. Robert currently holds FINRA Licenses 7, 24, 63 and 65.
Regional Vice President, Retirement Consultant (RVP-RC) Rich Sunden of Allizanz Life Financial Services, LLC markets products offered by Alliaz, Life Insurance Company of North America. Planning for retirement today is different than it used to be. Rich, with more than 20 years of financial services industry experience, guides financial professionals in creating retirement strategies that help clients meet their long-term objectives in a variety of market conditions. Rich holds his Certified Financial Planner (CEP) and his Chartered Retirement Planning Counselor (CRPC) designation. Rich also holds his FINRA Series 7, 24, and 63 securities registrations.
Vipul Malick stands as a beacon of expertise in the realm of Wealth Management. His strategies are designed to ensure wealth accumulation, growth, preservation, and its thoughtful transfer to subsequent generations. Vipul Malick holds FINRA licenses series 7, 6, and 65. His academic accolades, including the Wharton@U.Penn Certified Retirement Planning Specialist designation, an MBA in Finance & Accounting, and an MS from Purdue University, further amplify his stature in the industry. Outside the confines of his office, Vipul is a recognized voice in the community. He is a regular speaker at esteemed organizations such as TiE-NY / NJ, Bergen & Passaic County Medical Associations, GOPIO, and the Punjabi Chamber of Commerce. Through these platforms, he shares his insights, educates, and engages with a diverse audience, furthering financial literacy and awareness.
I believe that learning about wealth management is important because it empowers individuals to make informed financial decisions and secure their financial future. It provides the knowledge and skills needed to effectively budget, save, invest, and plan for retirement, helping to grow and protect wealth over time. By understanding wealth management principles, people can minimize financial stress, achieve their financial goals, and ensure they have the resources they need for a comfortable and secure life.
First and foremost, learning about living wills is essential as it enables individuals to plan for their financial future and ensure that their assets are distributed according to their wishes in the event of incapacity or death. This legal document provides peace of mind to both the individual and their loved ones by clarifying how their wealth should be managed, reducing the potential for family disputes, and minimizing estate taxes.
Additionally, understanding 1031 forms is crucial for those looking to optimize their investments and minimize tax liabilities. A 1031 exchange allows investors to defer capital gains taxes when they sell an investment property and reinvest the proceeds into another similar property. This strategy not only helps individuals grow their wealth by providing a tax-efficient way to upgrade their real estate portfolio but also fosters long-term financial stability.
Furthermore, portfolio optimization is a fundamental aspect of wealth management, as it involves diversifying investments to achieve the right balance of risk and return. By learning how to construct a well-balanced investment portfolio, individuals can increase their chances of achieving their financial goals, whether that be retirement planning, funding education, or achieving financial independence. In sum, wealth management, encompassing living wills, 1031 forms, and portfolio optimization, empowers individuals to make informed decisions about their finances, safeguard their assets, and work towards a more prosperous future. It provides a holistic approach to financial planning, allowing individuals to align their financial resources with their life goals and aspirations, ultimately ensuring their financial well-being for years to come.
I am extremely grateful to everyone who came to this event and learned together. Through the organizing process, I realized the hard work that goes behind planning successful events, including managing time, budgets, and resources. I hope to see familiar faces at our next Sangat as well as more new ones! Keep an eye out for future announcements and updates, as we continue to strive for even more engaging and meaningful gatherings! Until then, please stay safe, stay inspired, and take care. We can’t wait to meet again!
