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Marv Kaye
Marv
Kaye is an attorney and Certified Financial Planner
and has given his time and considerable skills to WISE
to help seniors with financial planning. Kaye Capital
Management, a Registered Investment Advisor, has been
recognized by Bloomberg Wealth Manager magazine's elite
national survey of the top 350 wealth managers. Marv
specializes in fee-based asset management for high net
worth families, pension plans and endowments. He assists
clients in structuring conservative financial, investment
and tax planning strategies to achieve their economic
goals with a reduction of risk.
"I receive enormous satisfaction from helping seniors
make responsible decisions with their limited resources.
Many unscrupulous salespeople take advantage of unsophisticated
seniors to make a quick commission. As a former prosecuting
attorney, protecting victims is a great motivator for
me. The kind letters of appreciation are worth their
weight in gold."
When Marv was Chairman of the
Los Angeles Chapter of the Financial Planning Association,
he led the effort to create a pro bono program to
donate time to schools and seniors. He was so impressed
with the personal rewards from advising low-income
seniors at WISE, that he volunteered to continue the
relationship with WISE after his term as Chairman
ended.
Marv understands the challenges facing
the senior population. "Seniors are living longer
and facing increasing medical costs and living expenses.
Often, their limited assets are improperly invested
based upon lack of knowledge or worse, incompetent,
unethical or self-serving advice. The challenges in
later years are sometimes the result of lack of proper
planning during their working years and sometimes
the result of circumstances such as illness or death
of a spouse, helping family members, financial reverses
and just living on a fixed income."
So what does the future hold for
seniors and financial planning? "Generally the
future is bright because educational programs for
Certified Financial Planners have become more stringent
and an increasing number of planners have been specializing
in retirement planning and working with seniors. Although
we have been discussing pro bono work with financially
challenged seniors, it should be noted that the majority
of seniors are financially stable and have ready access
to qualified advisors. There will be a growing problem
for seniors with limited resources unless responsible
support groups such as WISE team up with competent
and ethical CFP® groups willing to donate their
time for the public benefit."
WISE salutes Marv Kaye and is
grateful for his generous contribution of time and
resources to WISE and the seniors in our community.
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