WEALTH MANAGEMENT EVOLVED
Posted on: July 14th, 2020

Sponsor Spotlight, Western Springs Living
By: Jill McCain

A best-in-class experience from a boutique firm specializing in your purpose and dreams, and a neighbor living in your backyard that’s committed to helping his clients experience their best life. This is wealth management evolved.

At its core, Private Vista is a wealth management and financial planning firm that is shaking up the industry. For Private Vista and financial planner Randy Porzel, it’s so much more than investments; it’s about helping their clients find their “private vista” – their definition of an enriched and
fulfilling life.

How do they do it? As you may expect, initially Randy will dig into each client’s financial resources to determine the current state of affairs. Then it gets interesting. Based on a proven methodology that’s anything but cookie-cutter, each advisor leads a conversation with their clients about their passions, purpose, values and dreams. Armed with this information and backed by state-of-the-art performance-based software systems, Randy and team will insert the dollars and cents to build a personalized portfolio of how to achieve those goals. Randy puts together recommendations and assesses long-term risk to offer options and an action plan to achieving a client’s personal goals.

But don’t expect the conversation to end there. Beyond a customized plan, clients can expect their partner at Private Vista to sit next to them and help guide the plan, with as much individualized attention as they need. From strategizing next steps to dealing with issues as they come up, Randy sets up regular touch points with his clients. It’s not surprising that clients, when poled at the end of a year, almost always share that this process was not what they expected. It was so much more.

As a trusted advisor, Randy fully grasps the weight of his role in protecting some of the most intimate details of his clients’ lives. Randy will work through the details of everything from charitable giving and retirement planning to college savings, a loved one’s passing, and the birth of a new baby. “Most of the big life changes tie back to finances. Our clients lean on us emotionally and financially, and my role is to work through those transitions to build out an organized plan. There is a sense of calm when you create a plan in a world of chaos.”

One of the best parts of Randy’s job is to help clients understand the legacy they leave behind, so that someone else can continue that mission. His private vista? To create a lasting Porzel family foundation dedicated to supporting children with visual disabilities, which his son and daughter could one day run.

At 13 years old, Randy was diagnosed with a very rare eye disease that presents no physical defect
but erodes at the functionality of his eye. In school, without access to overhead projectors and boards, he was forced to become an audible learner and eventually moved to the neighborhood as it was close to the train. While it would be easy to focus on the disease, Randy instead has used it to fuel his passion for helping others. He serves on the Junior Board of the Chicago Lighthouse, an organization dedicated to helping the blind, visually impaired, disabled and Veterans’ communities. He is also the Vice President of the Darien Lion’s Club, an organization that focuses on the prevention and reversal of blindness and giving back to the community. Randy is helping the club to create a portfolio in his current role managing the finances, and will work through a progression of roles, leading up to becoming president in 2021.

During these uncertain times, Private Vista prides itself on pivoting with the ever-changing needs of COVID-19. Using a systematic approach, the company first ensured all team members were able to safely and efficiently work from home thanks in part to their cloud-based technology and security. Advisors then reached out to each of their 1,000 clients to check on their health and safety. Next, the team went to work identifying opportunities in the market to leverage, rebalanced portfolios and harvested losses in non-retirement accounts to offset future capital gains and reduce clients’ tax bills. Moving forward, they are continuing to provide support and build value in both financial and non-financial topics such as cooking, entertainment, mindfulness and more.

Randy and his wife, Jennifer, live in Forest Hills with their two children, Matthew (5) and Brooklyn (2). His favorite thing about living in the neighborhood is the sense of community. “The people make the neighborhood, and we trust our friends and neighbors like family,” Porzel says. In his free time, Randy enjoys golf, paddle tennis, traveling with family and sitting outside at the fire pit with friends.

Based on your expertise, what advice can you offer the residents of Forest Hills?

Know your “why” and what you are working towards. You need goals.

Have a plan, and know your cash flow.

It’s so important to have a good relationship with your advisor and feel like they have your best interest in mind. If you don’t feel that way, look for someone new.

If you are looking for a personalized game plan that will align your core purpose and dreams with a road map to success, give Randy a call!

Randy Porzel
Financial Advisor, Private Vista
Chicago & Oakbrook offices
rporzel@myprivatevista.com
312.831.4420

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