Soloff Wealth Management Group
Planning for every financial season.
By Karen Appold
Company loyalty is becoming rarer these days. Adam Soloff, managing member and founder of Soloff Wealth Management Group LLC, takes commitment to a company seriously. “A lot of financial planners jump from firm to firm,” Soloff says. “But what makes or breaks an advisor’s success is not the broker/dealer, it’s their personal knowledge, integrity and trustworthiness.”
During his 15 years of practicing as a financial advisor, Soloff worked 10 years with one firm before starting his own business. As a youth, Soloff worked his way through high school and college at just one business: Martin’s Aquarium in Jenkintown.
In addition to being a certified financial planner (CFP), Soloff differs from others by being a federally authorized tax practitioner as an Enrolled Agent (EA) with the Internal Revenue Service (IRS). This allows him to represent clients before the IRS.
Soloff also teaches the Financial Planning course in Pennsylvania State University’s Professional Development Program (Abington campus) designed for accountants and attorneys and is approved by the state of Pennsylvania as a provider of continuing education to CPAs. The Penn State graduate serves on the Board of Directors for the Financial Planning Association (Philadelphia and Tri-State Chapter). Soloff is a news media resource, including KYW news radio 1060 AM and Financial Advisor Match, Inc.
Soloff Wealth Management Group LLC has three divisions:
1. Personal financial planning–This includes investment, insurance, estate and tax planning. “With every new client, the first step is to have an initial consultation to get a complete understanding of these four components,” Soloff says.
2. Group benefits–Group health and group retirement.
3. Tax preparation–Done by either in-house staff or referred to an accountant.
Given the recent occurrences in Europe, there is a good chance of high inflation over the next few years, predicts Soloff, who specializes in small business owners. “Most folks think there is a lack of investment opportunities, but I disagree.”
In a high inflationary market, certain types of investments, i.e., treasury inflation protected securities (TIPS) and precious metals such as gold, will increase.
To fully understand the options, it is important to meet with a financial planner who is experienced in investment, insurance, estate and tax planning who can assess your financial plan and goals and make recommendations.
Soloff’s wife, Heather, is also on board as operations manager. The Jenkintown couple has two young sons, Justin, 2.5 years old, and a newborn, Andrew.
The couple established The Adam and Heather Soloff Charitable Foundation Fund, which is administered by The Philadelphia Foundation. Donations go toward charities that focus on children with disabilities. “In our opinion, children with disabilities have a tough road ahead,” Soloff says. “These charities provide services that help to build their confidence and provide early intervention so they can reach their full potential,” Soloff says.
Soloff Wealth Management Group is located at 1503 Grove Avenue in Jenkintown, PA. Call (215) 885-3071, e-mail Adam.Soloff@SoloffWealth.com or visit www.SoloffWealth.com for more information.
Karen Appold is a Royersford-based freelance writer (www.WriteNowServices.com).
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