Sal Favarolo

Sal Favarolo Senior Vice President - Investments, Private Wealth

Senior Vice President - Investments, Private Wealth

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Sal Favarolo is a well-rounded Private Wealth Advisor. Through Lantern Wealth, LLC, a subsidiary of Percheron Asset Management Group, we have custodial relationships with Charles Schwab and Pershing, a wholly owned subsidiary of BNY Mellon.  Enjoy a level of personal service and thought leadership communications that will exceed your high expectations. Sal’s 20 years of experience encompasses the following areas of specialty:

Small Business Retirement Planning – The Department of Labor has been very active in retirement plan compliance and fiduciary liability. Sal will work with your CPA / TPA to make sure you are not open to possible fiduciary risks and fines. If you currently do not have a retirement plan in place, Sal is available to help you design one. If you haven’t saved much, Sal can show you IRS approved retirement plans that can shelter more money in a short period of time. Sal was published in the October 2013 issue of the CPA Journal entitled: One-Participant 401(k) Plan – Are they more beneficial for small business owners? If you are a sole owner, this retirement plan allows you to defer and save more income than other comparable plans given the same level of W2 compensation.. Sal was also published in Accounting Today: https://www.accountingtoday.com/opinion/optimizing-small-business-owners-retirement-plans

• Tax-Free Municipal Bonds – Individual tax-free bonds can be complex and carry many nuances. They shouldn’t be trusted to a generalist. Our Director of Fixed Income Brad Harris has been a municipal bond specialist since 1989. He is the third generation of the Harris family to participate in the New York municipal bond industry.  Brad was preceded by his grandfather, Henry Harris, and his father, Douglas Harris. Sal began his career working with an institutional fixed income shop specializing in tax-free municipal bonds. Sal has been published on SeekingAlpha.com -  The #1 Mistake Bond Investors Make.

• Wealth Management Account – Your goals are my goals and each portfolio is customized just for you. Sal works with individuals, families, and businesses managing investments such as individual stocks, bonds, ETFs, and mutual funds on a fee-based relationship. Sal with work with you to create and manage a custom portfolio based on your specific objectives. Pershing’s Corestone Account is a powerful asset management account that will give you a complete view of your banking and investments in one statement for clients that have custody with Pershing. In addition, this powerful account can be tied to: Margin Lending-Credit Advance, Securities-Based Consumer Lending – LoanAdvance, and Fully paid Securities Lending, all through the Pershing Platform.

• IRA Rollover – Sal will help you consolidate and manage your IRAs and help you roll over your 401Ks from previous employers if that is in your best interests. Having your IRAs bundled may help you manage them more efficiently in terms of income planning, estate planning, and required distributions when needed.

• Life Insurance – products to provide you with estate, business and retirement planning solutions. Life insurance is an important component of any astute financial plan. Sal can help you arrange new policies or review existing policies to make sure they are performing as originally intended. Mortality tables have been updated and if your policy is 10+ years old, it might make sense to do a no cost, no obligation life review.

Sal has three children: two girls and a boy. Sal is active in charitable endeavors with the Order Sons of Italy in America. He is supportive of many organizations such as The Leukemia & Lymphoma Society, Hope For The Warriors, Cooley’s Anemia, Autism, and CFK Contractors For Kids, to name a few.