"We believe that our personlized service and the relationship that we build with you will help you reach your financial goals"
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:
• 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, with whom he continues to work at the Manhattan branch of Lantern. Sal began his career working with an institutional fixed income shop specializing in tax-free municipal bonds. Sal wrote an article that was published on SeekingAlpha.com entitled 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.