If you were to ask Rocco Carriero what drove his passion to pursue a career in the advisory space, he points to a blend of his interests in business, math, markets and the economy as well as goal planning and helping people.
“Being able to help clients achieve financial goals and personal goals is probably the most rewarding thing,” he said. However, if he wasn’t in the wealth management space, Carriero thinks he would have likely taken up a career in construction.
“I like piecing situations together,” he said. “As a financial advisor, you get to piece and put things together for clients financially and within their financial lives. With building or construction, you're putting pieces together in order to create something visually tangible for clients.”
The CEO and private wealth advisor at Rocco A. Carriero Wealth Partners, part of Ameriprise Financial, believes financial planning comes from having a comprehensive, holistic approach where advisors are involved in all areas of their clients’ lives. He highlighted that advisors must go beyond the numbers to succeed in this business.
“Any financial advisor can create investment tactics or a basic retirement plan. The stronger advisors are seeking a real connection with their clients,” he said. “Knowing the clients' goals and interests and communicating with them early and often about their financial goals and customizing an investment strategy that evolves over time is mission critical.”
Carriero’s practice is determined to be more than a voice at the end of a toll-free number who has no real knowledge or history of relationship with their clients. Carriero’s goal is to provide sound, objective and calming guidance through all of life's most complicated decisions. He dedicates time meeting with 10-15 clients per week and makes himself available to his clients 24/7 because he sees them as extended family.
Serving in the most holistic way possible and his dedication to having a strong connection with his clients are just a few reasons why Carriero’s being recognized as an InvestmentNews Awards 2024 Excellence Awardee, with the winners announced on June 20 at 583 Park Avenue, New York City in a glitzy, red carpet ceremony. Click here to register to attend.
Carriero is quick to point out that his team is regularly training and developing so they can be “the very best they could possibly be.”
“We do quarterly team off sites and a lot of training and development, always sharpening the saw to make sure that we deliver on our promises to the clients,” he said.
When he’s not in the office, you’ll likely find him serving at Maureen’s Haven, an Eastern Long Island outreach program that provides basic care for the local homeless adult men and women.
Michael Bell explains how the PE push in retirement plans will benefit investors, why warnings around risks may be overplayed, and what it will take to get plan fiduciaries comfortable with private investments.
Research highlights the dominant role of workplace retirement plans and breaks down the major factors dictating workers' IRA rollover decisions.
The wealth tech firm is rolling out its "Do Anything" assistant as leaders and strategists tout the next evolution of artificial intelligence.
Appeals court overturns SEC’s CAT funding plan, broker-dealers face new uncertainty.
TradeStation Securities' communications violated industry rules, including falling short on describing the risks involved in investing in volatile crypto assets.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
