Focus is on Conserving Wealth and Mitigating Taxes
Harvey Spira, a native of New York City, has launched a new financial advisory firm in his home city that serves high-net-worth clients, focusing on helping them conserve wealth and mitigate tax concerns.
Spira is a respected advisor who has spent almost four decades in the industry, working at some of the top financial firms in the New York City. He was the managing director and a wealth advisor for Bear Stearns and the senior vice president of UBS Financial Services prior to transitioning into independent financial advisory roles.
Spira’s newest venture – PresCap Advisors – was named for his dedication to using unique financial strategies to protect clients’ wealth. “We employ an active approach to wealth preservation while mitigating risk. We take a holistic view of assets and diversification to ensure our clients are protected, and we have the added bonus of providing private placement life insurance for our high-net-worth clients,” Spira said.
PresCap Advisors offers an array of services, from investment portfolio design to tax, trust and estate planning, and pre-sell business and post-liquidity planning for business owners. Spira’s broad experience and connections allows PresCap Advisors the flexibility to provide out-of-the-box opportunities.
“Our clients aren’t typical and neither are our solutions. And our relationships are about more than protecting net worth. It’s our mission to make our clients’ lives easier – from sharing our broad network of professionals when an opportunity arises – to ensuring our executive summaries are transparent and concise,” Spira said.
PresCap Advisors works closely with New York City-based Preservation Capital, whose founder and guiding principal is Edward Gordon, a leader in the asset protection and wealth transfer arena. Gordon offers more than 30 years of experience in estate planning for ultra-high net worth entrepreneurs, business owners and multigenerational families.
“Preservation Capital Partners is a boutique estate, business and charitable planning firm founded on the belief that superior multigenerational wealth preservation strategies require experienced professionals. We focus on delivering custom-crafted solutions based on the client’s unique and specific needs,” Spira said.
PresCap Advisors also partners with Sowell Management, a Registered Investment Advisor (RIA) in North Little Rock, Arkansas, named by Barron’s as one of the country’s Top 100 RIAs. “Sowell is a nationwide leader in the RIA industry and will provide us with back-office services such as billing, account management and best-in-class technology,” Spira said.
Bill Sowell, CEO and president of Sowell Management, said PresCap, “is a firm that shares Sowell’s core principles of honesty and transparency and will be an asset to those looking for a respected firm that is best-in-class. We are excited to begin building our relationship with them,” Sowell said.
“PresCap Advisors serves clients across the country, but being located in New York City is the perfect fit for them. They thrive on the energy of the city and really keep their thumb on the pulse of what unfolds in the financial industry,” he added.
PresCap’s team also includes Fidelity Investments, one of the largest custodians of investment advisory assets. They will provide custodial, operational, practice management and trading support. “Together, we are able to provide the platinum service our clients expect,” Spira added.