PareShah Partners is founded with a mission to help more people with their financial planning using our distinct approach and strategies. Having someone help to provide guidance with financial plans gives you confidence, freeing you to spend time on what you truly wish to do. We, at PareShah Partners, help ensure you have your goals and needs in place; we guide you along with the steps to pursue financial freedom so you can eventually have more time for your family and can continue with your passions.

Firm Start Year

2011

No.of Employees

5-9

CRD#

4727940

Firm CRD#

131167

Years of Experience in Financial Services

26

Number of Years with Current Firm

17

Work Experience

After graduating as a Chemical Engineer from the prestigious Indian Institute of Technology, Paresh Shah worked for Shell, India, for a brief five years. In 1996, Paresh switched his career to finance, and as a stockbroker he built his firm from 1996 to 2004, to trade more than $2 million a day. In 2004 Paresh migrated to the US and began work in a stockbroking firm. Next year, Paresh joined Guardian as a financial representative and expanded his money management and stockbroking skills to include financial planning and life insurance. At that time Paresh observed the unseen and negative effects that taxes have on any portfolio, and began studying strategies to help clients reduce, defer and save taxes, these include income taxes, capital gain taxes and estate taxes. Once the client has finished consulting with their CPA, Paresh brought in with unique planning and strategies to help clients save additional taxes. This way Paresh complemented the accountant's work never replaced a CPA. While at Guardian, Paresh established PareShah Financial Services, and expanded the scope of services his firm provided. In 2018, Paresh went independent and established PareShah Partners, LLC^® in Hicksville, NY. Today PareShah Partners LLC has three advisers and eight support staff. His mission is to help families and businesses protect their assets and plan for a financial future that allows them to pursue their dreams with confidence. This fierce desire to independently advice clients, have led the firm to join Lion Street in 2021. The firm specializes in retirement planning, estate planning, college education funding, defined benefit and defined contribution plan, restricted property trust, Captive insurance etc. We manage the underlying investment assets and help client acquire life disability and long-term care insurance.

Work with the following types of clients

Businesses, Individual Investors, Non-Profit Organizations

Foreign Languages Serviced

Hindi, Gujarati

Advisory Services Provided

Financial Advice & Consulting, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Tax Advice and Services, Legal Advice and Services, Estate Planning & Trusts, Investment Advice & Management, Insurance Products & Annuities, Financial Planning

Investment Types

Mutual Funds, Bonds, Alternative Investments, Annuities, Commodities, Stocks, Exchange Traded Funds (ETFs), Insurance, Socially Responsible Investments (SRI)

Can meet clients in the following ways

Our Office, Via Phone, Video Conference

Registered Representative

Yes

Investment Advisor Representative

Yes

Acknowledged fiduciary

Yes

Compliance Disclosures in Last 5 years

I have a clean record

Criminal Disclosures in Last 5 years

I have a clean record

Certifications, Accreditations & Designations

CFP^®

Securities Licenses

Series 7, Series 63, Series 65

Insurance and Annuity Licenses

Annuity, Accident, Disability, Health, Variable Life, Long Term Care, Variable Annuity, Life

Firm's Number of Clients

240

Advisor's Number of Clients

200

Advisor's Number of Planning Clients

50

Assets Managed by Advisor

350 million

Minimum Portfolio Size for New Managed Accounts

None

Compensation Methods

Based on Assets

B.Tech (Hons) - Chemical Engineering

Indian Institute of Technology
06/1996 - 05/1992

https://www.pareshah.com/

Securities offered through Lion Street Financial, LLC. (LSF), member FINRA & SIPC. Investment Advisory Services offered through Csenge Advisory Group. Fixed insurance offered through PareShah Partners. LSF is not affiliated with PareShah Partners or Dalal Capital. Securities offered through Lion Street Financial, LLC (512.776.8400), member FINRA, SIPC. Investment advisory products & services offered through Csenge Advisory Group, an investment advisor registered with the SEC. Lion Street Financial, LLC does not provide tax or legal advice. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed.