In fact, millions of American can identify with Carlos reacting to an unexpected crisis that would change his life forever. “My mother died at 33 years-old after fighting cancer for nearly 10 years leaving my sister and I with not just a painful loss but an inheritance of debt that no one anticipated let alone was prepared for—that was the turning point for me—not just for myself but to answer the calling—it’
As founder of fee-based Go Green Financial Group in San Diego, California, Carlos Padial built a company based on working directly for his private client’s without the influence of investments that are commission driven. He is also passionately committed to his generation’s concern regarding environment and giving back to the community—this would be a cornerstone to his financial approach for clients—preservation of wealth and socially responsible planning.
According to Forbes magazine, with the aging population and upcoming generations of inherited wealth, the financial industry is in desperate need of young talent. In fact, less than 5% of the existing 316,000 financial advisors in the nation are under 30 years old, according to Boston based Cerulli Associates, who adds that a large percentage of veteran financial advisers are nearing retirement themselves and the gap is becoming more evident.
Twenty-nine year-old Carlos Padial is clearly at the forefront of the next generation of advisers capitalizing on technology where he connects to client’s through virtual means. “This is a reality and communication channel with our small business owners, sports clients and celebrities who are always on the go from all parts of the globe”, says Padial.
The young entrepreneur has been invited to author books, assume a more public media persona but he is grounded on which steps come first. “Of course the attention is gratifying but realistically establishing my company as a reputable financial planning firm is the priority. “I’m fortunate to have high net worth clients whose referrals are why “client-centric”
As the financial planning firm grows with its philosophy and client base in place, creating a national brand is realistic says Padial, “Recruiting other young financial advisers to the table is definitely in the planning. The need is there and we’re in a position to lead.”
“The Wealth Solution” by Steven Atkinson, Joni Clark, Eric Goldberg and Alex Potts is available at www.GoGreenFG.com.