Derek DeLoreto, CFP®
Private Wealth Financial Advisor
Managing Director – Investments
Senior PIM Portfolio Manager
David Goldstein, MBA
Private Wealth Financial Advisor
Managing Director – Investments
Senior PIM Portfolio Manager
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Derek DeLoreto, CFP® 904.361.7517 | David Goldstein, MBA 904.361.7480
818 Highway A1A, Suite 102, Ponte Vedra Beach, FL 32082
deloreto-goldstein.com
Describe your educational background and professional training.
Derek began his career with Merrill Lynch in 1996 prior to moving his practice to Wells Fargo Advisors in 2005. He earned a Bachelor of Science Degree in Finance from Florida State University. In 2003, he earned the CERTIFIED FINANCIAL PLANNER™ certification. As a CFP® professional he has completed extensive training and experience requirements and is held to rigorous ethical standards.
Before entering the financial services industry, David graduated from Jacksonville University where he earned a Bachelor of Science Degree in Communications and a Master of Business Administration. Prior to joining Wells Fargo Advisors, he worked as a Financial Advisor with Prudential Securities, a predecessor firm of Wells Fargo Advisors, and Legg Mason.
What specialties within your field do you excel in?
Our group offers discretionary portfolio management for investors who seek the flexibility to efficiently build and maintain customized portfolios using a diverse selection of investments. As PIM (Private Investment Management) Portfolio Managers*, we provide active, strategic investment management and tactical portfolio rebalancing with the objective of helping our clients achieve specific investment goals throughout various market cycles while buffering market volatility.
*The PIM program may not be suitable for all investors. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services. The minimum account size for this program is $50,000.
Please provide your mission statement or explain your customer/ client/patient philosophy:
We are a team of financial professionals who provide personalized, goal-based investment guidance for high-net-worth individuals, business owners, corporate executives and their families. Our group is dedicated to assisting clients to plan effectively, make informed decisions and develop fully integrated, cohesive strategies designed to meet their priorities throughout each of life’s major stages–accumulation, distribution and legacy.
What professional accomplishments are you most proud of?
Derek was recognized as a Best-in-State Wealth Advisor by Forbes Magazine1 in February 2018.
David has been recognized by Wells Fargo Advisors as a Premier Advisor since 2015. The Premier Advisor distinction is held by a select group of Financial Advisors within Wells Fargo Advisors as measured by three or more of the following: length of service with the firm, completion of educational components, business production and professionalism.
1Ranking algorithm based on industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a ranking. Investment performance is not a criterion.
| Investment and Insurance Products »NOT FDIC-Insured »NO Bank Guarantee »MAY Lose Value |
Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.
What is your philosophy on what it means to be a financial advisory practice?
We believe in building a personal relationship with each of our clients and are committed to taking the time to understand each client’s needs. Our team is dedicated to working with individuals and their families to build, manage, preserve and transition wealth from one generation to the next.
In what areas does your overall practice specialize?
Our practice focuses on retirement planning and investment management; as Wells Fargo Advisors Financial Advisors, we can provide access to Wells Fargo affiliate products and services such as Wealth Planning, Private Banking, Trust and Fiduciary Services, and Insurance as well as various customized and more traditional lending products.
Describe your practice’s investment planning process.
Our investment planning process begins with listening. Our personalized approach focuses on learning about the client’s personal financial goals, needs and priorities. Then developing clear and measurable objectives based on that information taking into account the client’s time horizon. We assess the client’s current financial situation and current course of action. Then develop recommendations in an effort to reasonably meet client’s goals, needs and priorities. We communicate recommendations to clients including advantages/disadvantages as well as risks and/or time horizons that apply. We mutually agree on the implementation responsibilities and select appropriate products/services that are consistent with client’s goals, needs and priorities. Once implemented, we monitor recommendations and market conditions until it is time to schedule a review and initiate the planning process again.
Describe the practice’s risk management philosophy.
Risk Management is a process, initiated at the onset of each client relationship, with an in-depth analysis to define the individual investor’s time horizon, financial situation, tolerance for volatility and investment objective. These are reviewed at each client meeting, and adjusted accordingly, given any changes in the client’s situation.
