“Guide to Personal Savings and Investments,” by Frank LaRosa

Creating an effective financial savings plan depends on an individual’s goals and aspirations. To be sure, a sound financial plan should always include savings for retirement. At the same time, however, nearly every household has more immediate financial needs that require pre-planning and investment.

Short-term financial goals include such expenditures as a family vacation, wedding, or other one-time big-ticket expenses. The best option in such cases is place cash in a bank account or CD. This allows the saver to earn a little bit of interest while having access to the funds when needed.

Financial planning for five years or more in the future requires a more sophisticated approach to savings and investment. Longer-term investments should be geared toward stocks, bonds, mutual funds, real state, and foreign investment. Though more risky than savings accounts or CDs, returns over time tend to work in favor of the investor.

When it comes to retirement planning, financial planners recommend putting some portion of assets in higher-risk investments. Over time, the return will help investors stay ahead of inflation while creating a larger nest egg.

About Frank LaRosa: 
As President of Elite Recruiting and Consulting, Frank LaRosa focuses on placing financial advisors, managers, and trainees with financial services firms throughout the United States.

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Frank Larosa

Frank LaRosa leverages more than a decade of experience in the financial sector toward his role as President and CEO of ELITE Recruitment & Consulting. In this position, he focuses on getting to know financial advisors and other investment professionals before recommending that they change firms. The competition is fierce for successful financial advisors, who often bring their clients with them when they change firms. Applying his expertise, LaRosa helps clients through the process. Under LaRosa’s leadership, ELITE Recruitment & Consulting specializes in working with financial professionals to help them move from one company to another. At ELITE Recruitment & Consulting, Frank LaRosa draws on his extensive experience in the investment industry. Frank LaRosa possesses the knowledge and experience necessary to help clients make a smooth the transition. He has worked continuously in the financial industry since graduating from New Jersey’s Kean College in 1996 with a Bachelor’s degree in Marketing. He has stood out in every position he has held. In his first role as a financial advisor with Prudential Securities, he made a name for himself as the firm’s number-one trainee of the year. By late 1998, he had generated over $320,000 in annual revenue. Under his management, client assets amounted to over $18 million. Subsequently, Frank LaRosa worked as a financial advisor for Smith Barney in Red Bank, New Jersey, where he became Assistant Branch Manager. He then received a promotion to Branch Manager of Smith Barney in Alexandria, Virginia. Following this role, he served as Senior Vice President of Smith Barney in Mount Laurel, New Jersey. After Morgan Stanley acquired a majority stake in Smith Barney in 2009, Frank LaRosa became Senior Vice President of the Southern New Jersey Complex, the second-largest in the region with over 115 financial advisors. His achievements included raising the average revenue per financial advisor to $650,000. He was also the region’s top recruiter. Moreover, the highly respected magazine On Wall Street named LaRosa to its fifth annual list of the Top 10 Managers for 2010. In his free time, Frank LaRosa is an avid amateur boxer. He also enjoys golfing and fishing with his boys, as well playing with his two bulldogs. Residing Moorestown, New Jersey, he is married with two sons.

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