Eddie Patel, CFP®
| Other Names: |
Eddie Ghanshyambhai Patel, Eddie Patel
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| Firm: |
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| Type: |
Dual Registration |
Description
Eddie Patel an executive and is sole owner of Eddie Patel, Inc, a $2M dollar RIA based in Orland Park, IL. Eddie has held an industry securities registration for 5 years and is subject to SEC and FINRA oversight.
BrightScope Advisor Metrics
Answers and Guides
Level 15
Level 15 Contributor
20 Answers and 1 Financial Guide
Top Answers
Answered Jan 26, 2012
near Orland Park, IL
You are on to the right track. I was able to secure a junior credit card at just age 17 with my father as a cosigner. My credit quickly escalated over the following 2 years to the point where I was receiving multiple credit offers. Get them a card in
...(more)
You are on to the right track. I was able to secure a junior credit card at just age 17 with my father as a cosigner. My credit quickly escalated over the following 2 years to the point where I was receiving multiple credit offers. Get them a card in their name, with you as a cosigner, and monitor the activity (at least initially). Once they build sufficient credit, they can get their own card.
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Answered Jan 26, 2012
near Orland Park, IL
No-cost mortgages don’t eliminate closing costs, they are simply wrapped into the loan balance and are then paid over time. I see a lot of people who get sales calls from mortgage brokers talking about these "no closing cost" mortgages but the devil is
...(more)
No-cost mortgages don’t eliminate closing costs, they are simply wrapped into the loan balance and are then paid over time. I see a lot of people who get sales calls from mortgage brokers talking about these "no closing cost" mortgages but the devil is in the details.
On the matter of which is best for you, it depends... Do you have a lot of cash available now? Would you prefer to keep cash and pay a slightly higher monthly payment?
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Answered Feb 03, 2012
near Orland Park, IL
Let me preface by saying I am not 100 percent certain about my response here, but my general response would be that the rule of thumb is, if you live and earn wages in the us, you pay federal income taxes in the US, without regard to your immigrant status.
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Let me preface by saying I am not 100 percent certain about my response here, but my general response would be that the rule of thumb is, if you live and earn wages in the us, you pay federal income taxes in the US, without regard to your immigrant status. If we assume that statement to be true, it should follow then that you would be eligible to receive deductions based on the traditional wage schedule. The best advice in this spot would be to contact a local tax pro that you trust or contact the IRS directly and ask them.
Do any other brightscope advisors have thoughts here?
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See more Answers
Top Guides
Published Jan 26, 2012
Although there was a media blitz on this topic back in 2010, ROTH conversions have not taken hold to nearly the degree I think they should have when the income limit was lifted. A ROTH
...(more)
*Answers and guides are provided without compensation.
Advisor Information
Advisor Assets Under Management
$25.0K
Estimated Average Account Balance Per Client
*An individual AUM and number of accounts has been entered by the advisor and has not been verified.
Advisor Client Types
|
Individuals |
80% |
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High Net Worth Individuals |
10% |
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Corporations or Other Businesses |
10% |
*The Client Types data displayed has been entered by the advisor and has not been verified.
Experience and Employment History
| Employer |
Years |
Dates |
|
Eddie Patel, Inc
|
4 years, 9 months
|
Aug 2008 -
Present
|
|
Action Insurance Strategies, Inc.
|
5 years, 8 months
|
Sep 2007 -
Present
|
|
Brown & Element
|
1 year, 1 month
|
Dec 2006 -
Jan 2008
|
|
Sharq Management, Inc.
|
3 years, 2 months
|
Oct 2003 -
Dec 2006
|
|
Jmp Engineering Inc.
|
5 years, 8 months
|
Jan 1998 -
Sep 2003
|
*Experience and Employment History information reflects the past 10
years of employment as reported on the SEC ADV filing as of 11/01/2011, and is not a complete representation of the advisor's experience and
employment history. Furthermore, the advisor is required to provide this information only while registered with an investment advisor firm
and the information is not updated through Form U4 after the advisor ceases to be registered. Therefore, an employment date of "Present" may not reflect the advisor's current employment status.
Licenses and Conduct
| Regulator |
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|
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License Status
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Registered
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Registered
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Disclosures
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|
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| As of Date |
11/01/2011
|
11/01/2011
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*This advisor may not be SEC registered. The SEC maintains the database for state registered advisors as well as SEC registered advisors.
*A single dispute is often reported by both the SEC and FINRA and therefore will be reported as both an SEC dispute and FINRA dispute in this section.
*BrightScope is not endorsed by or affiliated with FINRA.
Advisor Exams
| Exam |
Series |
Passed Date |
| Uniform Investment Adviser Law Examination |
Series 65 |
08/19/2008 |
| Uniform Securities Agent State Law Examination |
Series 63 |
12/09/2000 |
| Investment Company Products/Variable Contracts Representative Examination |
Series 6 |
12/07/2000 |
Advisor Compensation Arrangements
Types of Compensation Arrangements
|Fixed Fees+(30%25)|Subscription Fees+(15%25)|Percentage of Assets+(20%25))
