Center for Wealth Preservation, LLC

Background

Founded in 2004 and headquartered in Syosset, New York, Center for Wealth Preservation, LLC (CWP) is a private financial services firm dedicated to assisting clients in all aspects of their financial lives. The company's mission is to help clients accumulate, preserve, enjoy, and distribute wealth to achieve financial peace of mind for themselves and future generations. CWP emphasizes comprehensive and personalized service, striving to create financial stability and security for its clients.

Key Strategic Focus

CWP specializes in several key areas:

Business Succession Planning: Assisting business owners in creating transition plans to pass their businesses to the next generation while ensuring equitable distribution among family members.

Education Planning: Providing strategies for clients to invest in higher education, aiming for long-term financial rewards and job satisfaction.

Estate Planning: Helping clients with significant estates distribute their wealth equitably to family and charities, minimizing government taxation.

Retirement Planning: Developing comprehensive financial plans that encompass all financial needs, risks, and options for a successful retirement.

SpecialCareSM Planning: Creating plans for families with special needs to maximize financial opportunities and protection for lifetime security.

The LEAP® System: Offering a unique, objective process for clients to organize their insurance and assets, maximize growth, decrease taxes and unnecessary costs, and better protect their families.

Financials and Funding

CWP's estimated annual revenue is approximately $21.6 million, with an estimated revenue per employee of $210,000. The company has around 103 employees and has experienced a 5% growth in employee count over the past year. Total funding raised by CWP amounts to $150,000.

Leadership Team

CWP's leadership team comprises experienced professionals dedicated to guiding the company's strategic direction and operational efficiency:

Greg Blum: Managing Partner

John Raffaele: Managing Director

Maggie McDougall: Chief Operations Officer

Nick Caporaso, CFBS®: Managing Director/Financial Professional

Rory Zipper: Managing Director, Financial Professional

Competitor Profile

Market Insights and Dynamics

The financial services industry is highly competitive, with numerous firms offering a range of services from investment management to estate planning. The market is characterized by a focus on personalized client services, technological integration, and comprehensive financial solutions.

Competitor Analysis

CWP faces competition from several firms, including:

Heller Financial: With 87 employees and a revenue of $22.6 million, Heller Financial offers a range of financial services.

IMG Financial Group: Employing 53 individuals and generating $5.6 million in revenue, IMG provides financial planning and investment services.

Commonwealth Financial Group: This firm has 37 employees and a revenue of $6.9 million, focusing on comprehensive financial planning.

Strategic Collaborations and Partnerships

CWP is a member of the MassMutual Financial Group, one of the premier financial services companies. This affiliation provides CWP with access to a broad range of financial products and services, enhancing its ability to meet diverse client needs.

Operational Insights

CWP's strategic focus on personalized, comprehensive financial planning services positions it competitively within the financial services industry. The firm's affiliation with MassMutual Financial Group enhances its market position by providing access to a wide range of financial products and services.

Strategic Opportunities and Future Directions

CWP aims to continue its growth by expanding its client base and enhancing its service offerings. The firm is committed to leveraging its strengths in personalized service and comprehensive financial planning to meet the evolving needs of its clients.