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Prumo, Kalvar & Associates

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Prumo, Kalvar & Associates

Wealth Management

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Merrill Lynch
Wealth Management

Leading a purposeful and fulfilling life can become more complex with life transitions, such as divorce, a loss of a spouse or retirement. A customized financial approach can help you address your goals, values and the needs of those you love.
Welcome

Prumo, Kalvar and Associates strive to be the only financial advisors you and subsequent generations may need. The team focuses on helping clients, including women in transition, with strategies to assist them in navigating financial decisions. When you find yourself in unfamiliar waters the challenges can seem greater than they may actually be. With the help of an experienced team of advisors, you can explore the intersection of your finances with what’s important in your life − family, health, home, leisure, work, and giving.

Advisors Steve Prumo and David Kalvar believe in getting close enough to clients to be able to see their lives from the same side of the table. Following a goals-based wealth management process, they can assist you with a customized financial approach that is purposeful, while helping you pursue the retirement lifestyle you envision.

Philosophy

As your financial advisor, we believe we can help you make the financial choices that can impact your life for the better. Drawing on real conversations we have with you, Steve and David can help you formulate a picture of what you want your life to be like in the future. This is not a one and done conversation, rather it is a dynamic process that can involve a series of interactions, and may include educational experiences and workshops that can take place over the course of your life. We strive to develop customized strategies that balance your lifestyle, including near-term family needs such as housing, education funding and financial support for your children, with your vision for retirement.

Clients can be passionate about the activities that make their lives fulfilling, but concerns about health care costs and retirement income needs may hold them back from doing what they enjoy. Women may also have greater concerns than men about longevity, offering financial support to family member, needing long-term care, or becoming a caregiver to a spouse or loved one. Your financial strategy can be designed to take on what we believe to be the least amount of risk that is consistent with your long-term goals and concerns, while not foregoing the daily activities that you enjoy and value.

Approach

No two investment approaches are alike because no two investors are alike. We'll examine several components — your life priorities, investment personality and financial situation — and work together to help you create a customized, actionable approach with personalized advice and measurable goals. We'll help you track progress to your goals and work with you to adjust your investment approach over time, as needed.

Working With Us

Before you commit to working with us, it is our objective to help you come close to having a total picture of the breadth, depth and value of what we can offer you during various stages in your life. 

Although we have many clients focused on wealth preservation and lifestyle maintenance, Steve and David can help you structure your financial strategy to pursue your aspirations, as well as professional and business needs. They can assemble for you the expansive tools, technology and the insights of Merrill and also offer access to the banking, credit and lending of Bank of America, to offer a range of solutions that can help:

  • Millennials expand their career options by accumulating seed capital
  • Female entrepreneurs and professionals with financing
  • Family businesses monetize their equity
  • Corporate executives plan for retirement or a second act 


A meaningful presence when you need us
Some situations may call for more frequent communications, such as making the adjustment to a loss of a spouse. We can assist you with the additional knowledge you may need when assuming more responsibility for things you may have previously shared. 

When you have something on your mind and wish to talk about it, we are available and can listen carefully and empathetically. Our commitment is to be as helpful as possible by walking you through the financial opportunities and challenges that may come your way. 

During periods of market volatility, we believe our presence can be a calming influence and strive to speak with you just as often and as frankly as when markets are rising. We can share our views on what we believe are taking place and reinforce how your portfolio is designed to help navigate volatility, while pursuing your goals.

Investment Process

We believe the investment process is driven by our ability to dig deep into the reasons why you’re investing in the first place. David and Steve can help you prioritize your goals and are committed to designing a customized program to help you pursue each of them. As a portfolio advisor, Steve can help clients pursue their investment objectives by recommending individual, or any combination of, Merrill or approved third-party investment managers’ strategies, funds or portfolios.

Prumo, Kalvar and Associates can work with you early on in the wealth management process to figure out how you feel about market volatility. We recognize how gender can play a role in designing your financial approach and can assist you with strategies for volatility, helping you follow your approach even when it might be difficult to do so. 

The process we follow also focuses on rebalancing your investment portfolio to help you maintain your asset allocation when market conditions change abruptly. Recent events and market volatility demonstrate just how valuable this exercise can be for your future. 

If you are a married couple when your financial approach is developed, we may make assumptions for social security income, living expenses and longevity based on both your ages. That approach may be reviewed and adjusted for a surviving spouse, along with revisions to reflect possible changes in your goals and priorities.

Focus on Women

Longevity has become a critical issue for women, probably one of the biggest reasons why women’s needs are so different than men’s in terms of financial saving and investing. Women typically live on average five years longer than men and by age 85 women outnumber men two to one. 1 

Women retirees and surviving spouses may have special planning needs that have become a focus for Prumo, Kalvar and Associates. Steve and David are experienced working with clients impacted by the financial challenges of longevity, divorce, losing a spouse, becoming a caregiver for a loved one or needing professional long-term care. Longevity also poses an increased risk for Alzheimer’s.2 Through financial discussions, education and attentiveness to the issues specific to women, the team can help you with a customized financial approach designed for your situation.

1 Centers for Disease Control, National Vital Health Statistics: Life Expectancy, 2016 (Slide #25 Women and Financial Wellness PPT)
2 Alzheimer’s Association, 2017

Meet the Team

Supported by the global resources of Merrill, our team is comprised of talented and experienced individuals committed to building strong client relationships based on trust and personalized service.

Additional Resources

The following specialists do not make securities recommendations. Please contact your Merrill Lynch Wealth Management Advisor if you have questions about how a specialist might be able to assist you.

Patricia Sue Lueckert

Patricia Sue Lueckert

Senior Wealth Management Lending Officer

Bank of America, N.A.

NMLS #532638

Lisa M Froehlich

Lisa M Froehlich

Wealth Management Banking Specialist

Merrill Lynch

Your Financial Approach

We offer you access to the investing insights of Merrill, trust and fiduciary services from Bank of America Private Bank, and the banking convenience of Bank of America to help you pursue your goals. We will work to help you stay on track, regardless of what the markets are doing.

FAMILY
Taking care of your family and other people in your life
  • Trust & Estate Planning Services4
  • Education Funding1
  • Insurance3
HEALTH
Planning for healthcare expenses now and in the future
  • Long-term Care Insurance3
  • Health Savings Account2
  • Disability Insurance3
HOME
Upsizing, downsizing, remodeling or buying a vacation home
  • Home Loans2
  • Home Equity Lines of Credit2
  • Securities-Based Lending2
  • Credit Cards2
WORK
Working in retirement, selling or starting a business
  • Bank of America Business Banking2
  • Exchange Funds1
  • Concentrated Stock Management1
  • Succession Planning1
LEISURE
Spending your free time in meaningful ways
  • Credit Cards2
  • Securities-Based Lending2
  • Structured Lending2
GIVING
Volunteering, mentoring others and giving to charities
  • Donor-Advised Funds4
  • Private Foundations4
  • Charitable Trusts4
FINANCE
Using your finances to bring it all together
  • Merrill Investment Accounts1
  • Investment Advisory Accounts1
  • Alternative Investments1
  • Exchange-Traded Funds1
  • Mutual Funds1
  • Closed-end Funds1
  • Fixed Income Products1
  • Options1
  • Annuities3
  • Impact Portfolios1
  • Market-Linked Investments1
  • Securities-Based Lending2
  • Margin1
  • Home Loans2
  • Bank of America Checking and Savings Accounts2
  • Credit Cards2
  • Online Account Access1,2

1 Investment products are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated.
2 Banking, mortgage and home equity products offered by Bank of America, N.A.
3 Insurance and annuity products offered through Merrill Lynch Life Agency Inc.
4 Trust and fiduciary services are provided by Bank of America Private Bank.

Staying on Track

We understand that both your life and the financial markets can change over time. By periodically checking in to discuss changes in your life and revisiting your financial approach, our goal is to help you stay on track to achieve what's most important to you.


Periodic reviews to help you
stay on track

We’ll meet with you to review your goals and the progress you’ve made toward reaching them. We’ll also discuss any adjustments needed to your financial approach to help you stay on course.


    Monitoring changes in your life
    and to your goals

    Your life and goals change. As these changes occur, we can update your approach to reflect them.

    Wealth Management Your Way

    MyMerrill is your online destination for access to your financial information, secure communications, and a robust offering of tools and capabilities.

    Your advisor is a click away within our site or mobile apps

    You can manage account security with our customizable security capabilities such as touch ID, one time passcode, and other security features

    Access to your complete financial life is available with My Financial Picture, Merrill’s asset aggregation tool

      Let’s Have a Conversation

      We believe there is no substitute for having a relationship with a team of Merrill Lynch Wealth Management Advisors committed to your needs, who can leverage the investment insights of Merrill and offer access to the banking convenience of Bank of America to help clients navigate the financial and economic landscapes. Let’s work together to help you pursue your goals.

      Why Merrill?

      As Merrill Lynch Wealth Management Advisors, we will sort through the financial complexities of your life, helping you build a customized investment approach to address your needs and pursue your goals.


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      We put you first, every day.
      Learn more about the dedicated one-on-one relationship you can have with a Merrill Lynch Wealth Management Advisor.

      Personalized advice from a dedicated financial advisor.

      We get to know you and your family, your financial situation and what matters most to you.

      A comprehensive approach, built around your life’s priorities.

      Drawing from our experience and the best thinking of Merrill, together we will design an approach that reflects your unique needs, priorities and financial situation.

      Adjusting your investment approach as your life and the markets change.

      We will work to help you stay on track, regardless of what the markets are doing.