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Paresh B. Shah, CFP®
PareShah Partners LLC

Tel: 516-268-3446
960 South Broadway, Suite 115-B
Hicksville, NY 11801


About Paresh B. Shah

Paresh Shah is a Wealth Strategist since 1996, helping individuals and businesses across the US to co-create innovative financial strategies that protect for today and build for tomorrow.

Paresh is licensed to educate CPAs (CPE presenter) as they guide their clients on Investments, Life, Disability and Long-Term Care Insurance. He specializes in Pension & Profit-Sharing Plans, Asset Protection, Estate Planning and Business Succession Planning. Paresh was also the co-host and speaker of a new talk show "Your Money - Your Taxes" for the South Asian channel - ITV Gold. Long Island Business News awarded Paresh "2016 Honoree - Diversity in Business Award".

Paresh is a member of the prestigious Million Dollar Round Table for the past 15 years and a "Top of the Table" member for the last 3 years. Paresh graduated as a Chemical Engineer (honors graduate) from the prestigious Indian Institute of Technology at Kharagpur, India. His keen sense of professionalism and community service has kept him active in India as well as the United States. He supports Health-Care and Education Initiatives for the financially challenged. Paresh is the Past-President of the Long Island Chapter of IIT Alumni Association, the Chapter Presidents Representative on the PANIIT USA Board and Past President of The Old Campionites' Association. He and his wife support a school for the Deaf and Mute in Bhavnagar, a school for Blind children in Saputara and The Sister Nivedita Foundation in Rajkot all three in Gujarat, India. They have sponsored individuals through their Undergraduate Engineering/Architecture Education. Annually they support the Hand and Heart for the Handicapped (HHH). He is now on the board of the IIT KGP Foundation.

Paresh resides in Hicksville, NY with his wife Shimul. Their son Shamik, is pursuing Psychology at Hunters College in NYC.

Registered Representative of Lion Street Financial and Investment Advisor Representative of Csenge Advisory Group.


About PareShah Partners LLC

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.

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General Information

Firm Start Year:   2011
No.of Employees:   5-9
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

Services

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

Qualifications & Memberships

Insurance and Annuity Licenses:   Annuity, Accident, Disability, Health, Variable Life, Long Term Care, Variable Annuity, Life

Firm Information

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

Compensation and Fees

Compensation Methods:   Commissions, Flat Fee, Based on Assets

Board Positions

Organization:  Million Dollar Round Table - Global Conference  USA
Position :  Assistant Director PGA
Duration :  05/2021-Currently holding
Organization:  Property Professionals of New York  New York, USA
Position :  Board Member
Duration :  01/01/2021-Currently holding
Organization:  MDRT - Top of the Table Focus Session  New York, USA
Position :  Committee Member
Duration :  01/01/2021-Currently holding
Organization:  Million Dollar Round Table  USA
Position :  Committee Member
Duration :  05/2020-Currently holding
Organization:  MDRT - US Community Leaders  USA
Position :  Committee Member
Duration :  05/2020-Currently holding

Education

B.Tech (Hons) - Chemical Engineering  Indian Institute of Technology - Kharagpur
06/1996-05/1992

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Financial Services

Financial Planning for Individuals

As a CFP®, by developing financial goals, we help you achieve your envisioned results. We implement the vehicles needed to create your financial future.

Portfolio Management

We review existing portfolios and recommend changes based on your risk tolerance and goals.

401K Rollovers

We manage the whole process to move your 401k plans to your desired location.

Insurance Planning

We review your financial protection and goals and make recommendations based on what is best suited to cover you and your family through affordable policies.

Annuities

We offer annuities from various carriers and use them for the individual as well as retirement investments. They are reviewed on a regular basis with you.

Estate Planning & Trusts

We review all your assets in your estate and outside of your estate. We help you align your planning so your assets are distributed to your loved ones in the fashion you desire.

Education Funding and Planning

We set up, advise and manage all 529 plans including using life insurance as an educational savings vehicle.

Money Management

We work with you to manage your overall earnings, budgeting, investing, spending and overall use of your financial capital. This can apply to advice on your business as well.

Investment Advice & Management

We conduct methodical research, using a blend of fundamental, technical, and behavioral financial analyses. This enables us to stay on top of market trends to offer you the latest and most appropriate advice for financial investments.

Financial Planning for Businesses

We analyze your current structure and make recommendations for better financial protection as well as offering financial incentives to your key employees.

Financial Advice & Consulting

We listen to you and your desired outcomes, and provide strategies for your concerns, helping create financial roadmaps for your future.

Retirement Planning

We review your current plans and make recommendations to simplify them, to optimize your overall returns using guaranteed non- streams of income.

Tax Advice and Services

We are not CPAs, however, we do use financial planning strategies to complement the work of your CPA helping mitigate income capital gains and estate taxes.

Wealth Management

We analyze your comprehensive holdings and offer holistic advice to help you grow and protect your wealth across the stages of accumulation, distribution, and legacy.

Risk Management

We assess threats to your financial well-being and offer ways to control these events.


Faqs

What are your qualifications? What is your education background?

I have a chemical engineering (Honors) degree from the Indian Institute of Technology, Kharagpur. I have 26 years of experience in financial services and I am a CPE presenter.

How are you compensated? How will I pay for your services?

Fees and/or commissions

If you are going to manage my account, will you obtain my permission every time you buy or sell something?

Yes

How many clients do you currently manage?

210 families

Will you be the only person working with me?

No, I have a team to service your needs.

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Disclaimer

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.

Compliance

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


Office Hours

wiseradvisor-balck-li-img Mon. 8:30 AM - 5:00 PM
wiseradvisor-balck-li-img Tue. 8:30 AM - 5:00 PM
wiseradvisor-balck-li-img Wed. 8:30 AM - 5:00 PM
wiseradvisor-balck-li-img Thu. 8:30 AM - 5:00 PM
wiseradvisor-balck-li-img Fri. 8:30 AM - 5:00 PM

Communities Served

All 50 states

Awards & Recognitions

Best Volunteer at MDRT Global Conference 2019
(09/03/2019)

Paresh Shah was recognized and awarded as "Best Volunteer" for his volunteering efforts at MDRT Global Conference, 2019.


Long Island Business "Diversity in Business Award"
(04/21/2016)

Paresh Shah was awarded "Diversity in Business Award" by Long Island Business for his exemplary achievements as Financial advisor.

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News & Events

Quoted in InvestmentNews
When: 04/18/2022
Details:InvestmentNews published an article about the rise in interest rates due to inflation and how that is affecting home-buyers. Paresh Shah shared his views and contributed to the article. ...more


Quoted in Insurancenewsnet
When: 04/14/2022
Details:Title: No Go For The Robo: Study Finds Americans Still Value Human Advisors In this article published in Insurancenewsnet.com, Paresh Shah shared his views how the trend is assuring that people prefer human advisors to robo advisors. ...more


TV Show : Money and Prosperity
When: 04/27/2019
Details:Paresh Shah did an educational and informative TV show "Money and Prosperity", telecasted in ITV from 2017 to 2019. ...more


TV Show : Your money - Your Taxes
When: 04/12/2017
Details:Paresh Shah did an educational and informative TV show "Your Money - Your Taxes", telecasted in ITV from 2017 to 2019.

CPE Webinar
When: 05/17/2022 14:00 | By: Paresh Shah
Location: Online
Details:Captive Insurance companies have become increasingly popular for small and mid-size businesses in recent years and may be a great tool for business owners. In addition to helping lower or control insurance costs, providing an additional profit center and improved risk management to businesses and business owners, captives may also provide tax advantages to their parent companies and owners. ...more


CPE Webinar
When: 05/12/2022 14:00 | By: Paresh Shah
Location: Online
Details:Captive Insurance companies have become increasingly popular for small and mid-size businesses in recent years and may be a great tool for business owners. In addition to helping lower or control insurance costs, providing an additional profit center and improved risk management to businesses and business owners, captives may also provide tax advantages to their parent companies and owners. Do you need an alternative date to attend this webinar? Check the link below and register for May 17th instead. https://www.pareshah.com/events ...more


CPE Webinar
When: 05/04/2022 14:00 | By: Paresh Shah
Location: Online
Details:Captive Insurance companies have become increasingly popular for small and mid-size businesses in recent years and may be a great tool for business owners. In addition to helping lower or control insurance costs, providing an additional profit center and improved risk management to businesses and business owners, captives may also provide tax advantages to their parent companies and owners. Do you need an alternative date to attend this webinar? Check the link below and register for May 12th or May 17th as per your convenience. https://www.pareshah.com/events ...more

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