Contact Us
Paramus Daily Voice serves Oradell, Paramus & River Edge
Return to your home site

Menu

Paramus Daily Voice serves Oradell, Paramus & River Edge

Nearby Towns

business Content Partnership

Oradell Financial Advisor Helps Clients Navigate Market Volatility

Matthew Paparazzo, a Financial Advisor for Wells Fargo in Oradell, advises clients to re-assess their retirement plans as their life situation changes.
Matthew Paparazzo, a Financial Advisor for Wells Fargo in Oradell, advises clients to re-assess their retirement plans as their life situation changes. Photo Credit: Contributed

ORADELL, N.J. -- In nearly 10 years as a Financial Advisor, Matthew Paparazzo of Wells Fargo Advisors, LLC in Oradell has found riding the Wall Street roller-coaster the key component to sticking to a retirement plan.

“We’re able to address many financial needs,’’ said Paparazzo, who worked in business banking before becoming a financial advisor. “My role as a financial advisor is to help people navigate through the volatility of the market and work through a comprehensive plan.”

One flaw many people make in retirement planning, Paparazzo said, is failing to re-assess goals and priorities. Circumstances can change an individual’s retirement needs depending on family, career or unexpected crises, such as health.

“Typically, those financial investment decisions and goals were made years back,’’ Paparazzo said. “You really need to step back and re-assess. In regards to your 401k at a former employer there are multiple options. There are advantages and disadvantages to each one. Speaking with your plan administrator, tax advisor and financial advisor about each can help you decide.”

Paparazzo begins each relationship with an initial meeting. “I want to make sure we’re a good fit, learn about them, what they’re looking for and what their goals are,’’ he said. In a follow-up meeting, Paparazzo and his client dive into fact-finding to clearly establish priorities. “We find out their areas of concern,’’ Paparazzo said. “Is it just for themselves, or is it multi-generational. Then we’ll start to build out recommendations for a follow up, and prioritize goals and develop a savings plan over the years to help them achieve those goals.”

Depending on the size and complexity of the account and goals, Paparazzo’s recommended path can be developed in as little as a few days to more than a week. While Paparazzo oversees the plan and works with the client, he also works with a money manager to help get the best results for his clients. “We look for managers with a good track record and has worked on a team that has worked well,’’ he said.

Paparazzo has seen the economic landscape changed dramatically since the recession in 2009 and the ensuing bull market. Many people lost jobs, and many others have landed employment that pays less than their former job.

“Working with an advisor as part of a team is more important than ever,’’ Paparazzo said. “There are still opportunities out there. You have to evaluate what’s important, whether it’s growth, consistency or liquidity. It’s all about education to get an understanding of what they’ve done in the past. It just speaks to why working with a full service financial advisor is more important than ever.”

Paparazzo works out of the Wells Fargo office at 297 Kinderkamack Rd. in Oradell. Contact him at 201-225-4032 or via email at matthew.paparazzo@wellsfargo.com

Investment and Insurance Products:  NOT FDIC Insured  NO Bank Guarantee  MAY Lose Value

Wells Fargo Advisors, LLC, Member SIPC is a registered broker-dealer and a separate non-bank affiliate of Wells Fargo & Company.

Daily Voice produced this article as part of a paid Content Partnership with our advertiser, Wells Fargo Advisors

We are highly selective with our Content Partners, and only share stories that we believe are truly valuable to the communities we serve.

To learn more about Content Partnerships, click here.

Share this story

Welcome to

Paramus Daily Voice!

Serves Oradell, Paramus & River Edge

This is a one time message inviting you to keep in touch

Get important news about your town as it happens.