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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.


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.


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.

Working With Us

Prumo, Kalvar and Associates serve individuals and families of all ages who want a better life for themselves, their spouses and children and future generations. Whether you’re accustomed to working with digital resources, financial professionals or consider yourself a complete novice, we welcome the opportunity to answer your questions and demonstrate how personal attention can help you address the needs of those you love.

Although it can take time for a relationship to reveal its true character, we strive to build yours to be broad, personalized and caring, with the potential to grow stronger as your life and finances mature. To help women navigate life transitions, we strive to offer targeted resources and referrals to assist them with skills to make adjustments to their new normal. We can also help you honor significant family milestones and manage the uncertainties that can accompany aging.

Helping you throughout your lifetime

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 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:

  • Millennial 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.

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 Manager, Steve can help clients pursue their objectives by managing on a discretionary basis his own Personalized or Defined Strategies, which may incorporate individual stocks and bonds, Merrill model portfolios, and third-party investment strategies.

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. Should this occur, we strive to speak with you to 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. 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

Senior Wealth Management Lending Officer

Bank of America, N.A.

NMLS #532638

Lisa M Froehlich

Wealth Management Banking Specialist


Staying on Track

We understand that both your life and the financial markets can change over time. By 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.

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.

    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.


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      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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      Learn more about the dedicated one-on-one relationship you can have with a Merrill Lynch Wealth Management Advisor.

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      Transcript of Video 

      No question too big or moment too small
      For every question you have, every decision you make and every answer you need, we are with you to listen and help guide you along the many paths your life can take. Watch this video to see some questions we can address together.

      The Power of the Right AdvisorTM
      Working with a dedicated Merrill advisor means you get personalized investment strategies from Merrill plus access to comprehensive financial solutions only Bank of America can deliver.

      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.