Naveo is happy to offer members access to new services that fit your needs and lifestyle. Naveo members now have access to comprehensive financial planning services through a strategic alliance with Alexandre Oliveira of Olive Tree Wealth.
Developing a sound financial plan for the future can be one of the toughest financial challenges you face. Planning for retirement while saving for your children’s education, creating tax strategies, evaluating your investment options, and creating a forward-thinking savings plan – all while managing today’s expenses – can be overwhelming and confusing.
Alex Oliveira of Olive Tree Wealth provides guidance to help you set personal short and long-term goals, avoid costly financial mistakes, and implement a plan that matches where you are in life and where you want to be.
Olive Tree Wealth’s services include:
- Asset allocation review
- Tax planning
- Cash flow analysis
- Estate planning
- Individual Retirement Accounts (IRAs)
- Simplified Employee Pension Plans (SEPs)
- Profit Sharing Plans
- Mutual fund wrap accounts
- Active & passive strategies
- Online Investing, Personalized For You
- Mutual funds
- Real Estate Investment Trusts (REITs)
- Variable annuities
- 529 Plans
- Educational IRAs
- Uniform Gifts to Minors Act accounts (UGMAs)
- Uniform Transfers to Minors Act accounts (UTMAs)
- Standard Brokerage
To schedule a free financial consultation or to learn more, please contact Alex:
* The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review; 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 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 placed on the final list of Five Star Wealth Managers. The inclusion of a wealth manager on The Five Star Wealth Manager Award list should not be construed as an endorsement of the wealth manager, nor should it be inferred that the responses used from the survey represent the experience of any clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. This award does not evaluate the quality of service provided, and the wealth manager may have had unfavorable ratings. The rating is not indicative of the wealth manager’s future performance. Five Star Professional conducts market-specific research to identify service professionals who provide quality services to their clients. Five Star Professional joins forces with city and regional magazines to make the research results available to consumers in more than 45 markets across the United States and Canada. 3,619 Boston area wealth managers were considered for the award; 566 (16 percent of candidates) were named 2019 Five Star Wealth Managers. 2018: 2,819 considered, 532 winners; 2017: 2,467 considered, 623 winners; 2016: 2,530 considered, 632 winners; 2015: 3,542 considered, 801 winners; 2014: 1,707 considered, 655 winners; 2013: 2,362 considered, 713 winners; 2012: 2,591 considered, 454 winners. Five Star Professional was founded in 2003 and is based in Minneapolis, MN. For more information, go to: www.FiveStarProfessional.com.
A financial planner by definition is an investment professional that helps individuals and corporations pursue their long-term financial objectives by analyzing the client’s status and setting a program to work toward that client’s goals. This can also come in conjunction with short and midterm goals as well based upon what the client is seeking to achieve.
There are a variety of things that financial planners do to help people. They include, but are not limited to: helping to allocate a 401(K), discuss rollover options for an old 401(k) from a previous employer, help with retirement planning, funding of a child’s education, construction of an investment portfolio, saving for a home, and even future tax planning and estate planning. Ultimately, as a comprehensive planner, we can help people with getting their financial life in order.
A financial plan is important because it is the framework for the future. A good way to think about it is to compare it to traveling. You wouldn’t plan a trip without first carving out the route you want to take and making proper accommodations for your destination. The same is true with a financial plan. A proper plan will help you understand where you are today while looking ahead into the future. From there you can see what it will take to get you to your goals in a succinct way that you can track over time to determine your progress.
The financial planning process has several steps to it. First, I sit with each person on a complimentary basis to discuss goals, objectives, and gather data. Second, I take that data and begin to run analyses for each goal a prospective client has. This analysis will help to paint a picture of where certain pitfalls are as well as areas of strength. Once I determine those pitfalls, the next step is to provide recommendations on what I believe is the best way to overcome those pitfalls and avoid new ones from developing. These recommendations become the framework for how we plan to work toward each of your goals. Lastly, since nothing is completely static, we cannot just assume that putting these steps in motion and letting them ride will ensure success. Therefore, a follow-up process needs to be put into place to ensure we are getting together to review how the recommendations are progressing and make changes, if necessary.
There are a few different ways in which I receive compensation. The first way, and the most common, comes from fees collected from the accounts we manage for our clients. I believe that a fee based approach helps to put the client and I on the same level since the performance of the accounts dictates our revenue. If the value goes down, so does our revenue and vice versa. The second type of compensation is through commissions. Depending upon the client, the products available, and amount of the investment, commissions are the only way for us to be paid. However, regardless of the form of compensation, I have always believed in a full disclosure type of approach so that the client can rest assured that they will know how they are paying me not only in the initial stages of our relationship, but also ongoing.
No. One of the most rewarding feelings in our business is complete objectivity. Since we clear our business through independent channels, I have access to a large array of companies and their products in the industry without any incentives tied to them. My approach is to do thorough research of the available products and then choose the one that fits the needs of our clients’ best. For that, I receive the same compensation from each company so I’m not being enticed to use one product over another.
Unfortunately, no. Unlike the products offered through the Credit Union, these investments are potentially open to losses and are not NCUA insured. However, there are ways to invest in which someone can seek to reduce the overall level of risk they take on, and still confidently pursue their goals.
No, since I’m not a CPA or attorney I am not able to help with those services. However, I’ve spent several years developing contacts in those spaces that can help with taxes and estate planning. As a result, I have several trusted sources that I can refer members to in order to achieve what they’re looking for.
It’s fairly easy to prepare for a consultation. We will usually send out a list of items that we believe you should bring with you in order to maximize our time together. Some items may be hard to obtain, so don’t worry too much about. If we really need it, we can always get it later. Also, feel free to bring anything that may not be on the list, but you feel would be pertinent to our discussion. Ultimately, we’re there to learn as much about you as possible to determine if we can help.
Financial planning offered through Northeast Planning Associates, Inc. (NPA), a registered investment adviser (RIA). Securities and advisory services offered through LPL Financial (LPL), an RIA and broker-dealer (BD), member FINRA/SIPC. Credit union is not an RIA or BD. Insurance products offered through LPL or its licensed affiliates. LPL registered representatives offer products and services using Olive Tree Wealth. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: CA, FL, GA, MA, MI, NC, NH, NY, PA, RI. These products and services offered through NPA, LPL, or its affiliates, which are separate entities from, and not affiliates of the credit union, are: