Neumann Profile 2015.Indd

Wealth Management Northern New Jersey Randy Neumann, CFP® ew Jersey’s Randy Neumann Randy Neumann is by all accounts one of the region’s Wealth Management premier independent fi nancial 600 East Crescent Avenue, Ste. 104 Nplanners, whose uniquely American life Upper Saddle River, NJ 07458 story refl ects a character and determina on rare among even the most successful Tel: (201) 291-9000 professionals. Compe ve and self-reliant Fax: (201) 291-9799 from an early age, the Cliff side Park na ve [email protected] worked his way through college as a www.randyneumann.com professional boxer, and not simply as an anonymous journeyman: Neumann boxed his way into the elite of the sport, earning a Education na onal (6th) – and world (9th) – ranking as Fairleigh Dickinson University, B.A., a heavyweight by the age of 28. Business Administra on, 1975 Today, a fi nancial planner and advisor for more than 30 years, and a skilled and Affiliations published writer, Neumann possesses • CERTIFIED FINANCIAL PLANNER™ a serene and humble manner that both • Instructor, Na onal Ins tute of a racts and reassures clients. “Most fi nancial a week to “my offi ce” at Gleason’s, where he planners don’t have boxing posters on their Finance refi ned his skills as a “skinny” heavyweight. offi ce wall,” says Neumann. “The quali es • Columnist, The Ridgewood (NJ) He became a popular fi xture. “Some of the that made me a good boxer – discipline and News, Kearney (NJ) Observer locals rooted for me because they thought persistence – have defi ned me ever since.” • Former Instructor, Bergen I was Jewish.” Quick and agile, he gained a Community College, Fairleigh The son of a WWII veteran who reputa on as a “clever” fi ghter who jabbed Dickinson University fl ew B-25 bomber missions over Europe, eff ec vely and never was reckless with larger • Inductee, New Jersey Boxing Hall of Neumann grew up near the famed Palisades opponents; the strategy rewarded him in the Fame Amusement Park, where he worked as a ring, but promoters groused, “The public • Former World-Ranked Heavyweight lifeguard as a teen and occasionally “punched doesn’t want a clever fi ghter.” Boxer the heavy bag.” And he was naturally tough: “I detested bullies. My mantra growing AŌ er turning pro, Neumann, in • Referee, New Jersey State Athle c up was: ‘Put the bullies out of business.’” keeping with a stubbornly independent Commission, New York State Boxing spirit, at one point became his own manager, Commission While a ending classes on New York’s West Side, Neumann, then 18, dropped in at the nego a ng his own earnings – “Not • Securi es and Asset Management 64th Street Y, where a sparring ring was something I’d recommend to anyone. I think Services off ered through LPL I made $15,000 a year.” On March 8, 1974, he Financial, Member FINRA/SIPC always busy. He pummeled opponents, who encouraged him to try another venue: The fought rising star Chuck Wepner; 21 months renowned Gleason’s Gym in the South Bronx. later, in his fi nal fi ght, he lost in a technical There, “I was the only blue-eyed boxer in the knockout to Duane Bobick, the one- me place. The guys were street tough, but all amateur champ. Neumann’s Wikipedia page were interes ng and smart.” (which refers mostly to his current stature as a respected boxing referee) posts a pro By his second year of college, Neumann career record of 31 wins and 7 losses. had racked up an impressive amateur record of 14 wins and 2 losses, including Golden Returning to Cliff side Park and newly Gloves appearances at Madison Square married, and a er a brief s nt in the U.S. Garden. He went pro, in part, because “I might Army, he was off ered to manage a branch as well make some money, and I had tui on of Garden State Bank. Two years later he payments due. My mother wasn’t real happy launched his own fi nancial planning prac ce. about it though.” Neumann received his He hasn’t looked back. Neumann today has business degree while commu ng fi ve days a diverse group of clients, but they share a BIOGRAPHY CONTINUED single concern – “they are either preparing for re rement or want staff that includes his wife Kathleen. The Neumanns live in nearby to make sure they stay re red.” For years he has wri en extensively Ridgewood, and have four children. Neumann con nues to play – mostly about fi nancial planning . a prominent role in boxing; he has refereed some of the sport’s SƟ ll fi t and energeƟ c, Neumann keeps sets of biggest-name heavyweight fi ghts, including those of Mike Tyson dumbbells in his Paramus offi ce; he’s supported by a “fi rst-rate” and Evander Holyfi eld. He loves his place in the ring today: “It’s group -- an estate-planning a orney and a CPA fi rm, as well as a boxing without the pain.” Observations & Perspectives From Randy Neumann inancial planning is s ll a new profession. I was one of The plain fact is that $1 million is not enough to re re on the fi rst in the fi eld – and that was only 30 years ago. The these days, so the emphasis on planning is greater than ever. Not legal profession has been around for, what, 600 years? There’s long ago, a client in his early 50s announced he wanted to re re Fbarely been a genera on to establish a record of success. at age 62. It was all about pu ng a plan in place – spending less, So I’ve made it a point to be a inves ng be er – and following generalist, to see the big picture, through on that plan. Post- and to quarterback the process. I re rement, it is the same story. don’t directly manage assets. And I My work now is for my friends An annual review – kicking your don’t write casualty insurance. But -- they just happen to be my fi nancial res – really is important. we have a team of professionals – “ Ul mately it’s not complicated an estate-planning a orney, a team clients. That’s why I love it. – it’s really about discipline. During of CPAs, and various fund managers my years as a professional boxer, – who are all affi liated with my That’s the way I want it. discipline was the only way to organiza on. They are all highly ge ng any be er, to making any capable and confi dent professionals. progress. Look around, and you’ll By overseeing them, I can keep my clients out of the see that companies like to hire athletes -- they are disciplined. “specialist traps” – that is, ge ng caught up in areas that might I have pre y libertarian ins ncts. I understand and believe not benefi t them for the long-term. It’s my job to iden fy the in the power of free markets. And boxing, well, it is the ul mate exper se that’s needed, and apply it appropriately. free market – the best always rise up, and always make the most That role also fosters the kind of rela onship I want with my money. clients – a rela onship that’s free of antagonism. My prac ce is I’ve been blessed with many mentors and great friends. not solely based on trading commissions. My clients and I look A wise man once said, show me who your friends are, and I’ll in the same direc on – together. We’re on the same page. And I show you who you are. Character counts. My work now is for my like all my clients – if I didn’t, we wouldn’t be working together. I friends – they just happen to be my clients. That’s why I love it. don’t have any annoying clients. That’s the way I want it. ©2015 The Ten Leaders Cooperative. All Rights Reserved. The preceding presentation has been prepared solely for informational purposes and is neither an offer to sell nor a solicitation of any offer to buy any security, managed or by the subject above. Any offering is made only pursuant to a relevant information memorandum, together with the current financial statements of the relevant fund or shares, if available, and the relevant subscription application, all of which must be read in their entirety. No offer to sell (or solicitation of an offer to buy) will be made in any jurisdiction in which such offer or solicitation would be unlawful. Past performance of a fund is no guarantee as to its performance in the future. Ten Leaders are carefully selected groups of experienced, accomplished practitioners of their profession. All members of Ten Leaders have been referred by peers and meet criteria that confirm their expertise and reflects their integrity. Each ten-member group is comprised of professionals within a specific practice area and market location. Ten Leaders is administrated by The Ten Leaders Cooperative, Reston, VA, and Ridgewood, NJ. The Ten Leaders Cooperative is solely responsible for contents herein..

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