According to Harry Armon, president of ARCAP Partners, LLC, wealth management isnâ€™t just for the wealthy.
Itâ€™s for everyone.
â€œThis is an industry that is motivated by self interest, we put clients firstâ€ said Armon
, who has over 25 years experience running different businesses and uses his
own lifeâ€™s experiences to help create the best strategic plan for his
added that knowing the client and his
needs is key. â€œYour savings should not be affected because Greece couldnâ€™t pay their bills.
Itâ€™s important to know your client, where they have been and be empathetic," he
"What kind of legacy do they want to leave behind?â€
, this is the core of planning and managing the risk. â€œItâ€™s all about having the right discipline and putting the right amount away without concentrating on the yield," said Armon
, a well-disciplined NYC Triathlon competitor who trains 17 hours a week and can easily bike almost 100 miles.
Prior to forming ARCAP Partners, Armon was instrumental in the creation of an estate planning unit at MetLife that was structured to preserve and transfer wealth for ultra high-net worth families.
has over 25 years experience owning and managing privately held companies in various fields including defense electronics, media and investment banking.
career has involved developing and managing mid- to large-size businesses, structuring private investment banking deals and raising capital for business expansions or acquisitions.
also offers advice about life insurance. â€œIf your financial advisor isnâ€™t talking to you about life insurance then you need to find another," he
After all, Armon
added, itâ€™s not only about you but about your family and what you leave behind.
Most of his
dealings are with family issues and dividing of properties.
â€œThere are two types of families; outwardly dysfunctional and quietly dysfunctional," said Armon
, a happily married father of three biological and three step children.
"It's all about experience and knowing your client."
The Westbury-based ARCAP Partners LLC
is an independent financial services firm that provides customized, comprehensive and objective solutions to a client base comprised mainly of high-net-worth individuals, high-income earners, privately held businesses and individuals seeking financial security during retirement.
can be heard on WABC 770am on the last Saturday of the month at 5 P.M. and via podcast.