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Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Retirement Planning
    • -College Planning
  • Insurance
    • -Life Insurance
    • -Health Insurance
    • -Annuities
  • Portfolio Management
    • -Individuals and/or Small Businesses
    • -Businesses or Institutional Clients
    • -Other Portfolio Management
  • Accounting & Tax
    • -Tax Advice
    • -Other Tax


Funds Used With Clients

Fund Assets in Fund
ProShares Ultra QQQ $1M-$10M

    Firm Client types



    No timeline events available.
    Employer Years Dates
    Liberty Partners Financial Services, LLC 2 years, 7 months Jun 2017 - Present
    Liberty Partners Financial Services, LLC 1 year, 1 month Jun 2017 - Jul 2018
    Eddie Patel, Inc 11 years, 5 months Aug 2008 - Present
    Eddie Patel, Inc. 11 years, 5 months Aug 2008 - Present
    Zen Wealth Management Group Inc. 12 years Jan 2008 - Present
    Action Insurance Strategies, Inc. 5 years, 7 months Sep 2007 - Apr 2013

    Designations & Memberships

    • Financial Planning Association
      Financial Planning Association
      The Financial Planning Association (FPA®) is the largest membership organization for personal financial planning experts in the U.S. and includes professionals from all backgrounds and business models. We help connect thousands of consumers to competent and ethical planners who uphold the FPA Standard of Care.
    • Certified Financial Planner
      Certified Financial Planner
      A standard certification for advisors, designees are exposed to nearly 100 topics on integrated financial planning. Major topics include, but not limited to: insurance, employee benefits, securities, state and federal tax, estate tax and planning, asset protection, etc.

    Articles and Answers

    Insights by Eddie Patel

      *Articles are published by advisors without compensation.


      Ask a financial questionAsk a question
      At what age should my kids start building their credit?
      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 t...  (more)
      Answered Jan 2012
      No cost mortgage?
      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 ...  (more)
      Answered Jan 2012
      Is it possible to get some tax deductions if you are single and on a non-immigrant visa?
      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 ...  (more)
      Answered Feb 2012
      Is the pension plan the same as the 401k plan?
      A pension plan is not the same thing as a 401(k), although both may have existed at your company. You will need to contact the HR department to get the scoop on this....  (more)
      Answered Apr 2012
      Should I sell company stock to pay down personal debt?
      Hi Alena,I'd be curious to know what type of debt it is. Not all debt is created equal.Eddie Patel...  (more)
      Answered Feb 2012
      I once was an employee for a company Bright Scope represents, and I was wondering how do I go about retrieving my money from my 401k.?
      Just contact your ex-employer and ask for the "401K Distribution Paperwork." You will be presented with a number of options on the forms. Depending on the option you select, there will be different ramifications from a tax perspective that you will want to consult with a financial planner or tax adv...  (more)
      Answered Aug 2012
      How to budget/spend less?
      Try It's really user friendly, looks slick, it's online, it will remind you of bill due dates and credit finance charge increases, etc. they are owned by Intuit, makers of quicken personal finance  (more)
      Answered Jan 2012
      Can I max out my 401k and max out My Roth ira?
      In short, yes. You can contribute to a ROTH IRA without regard to your participation in a 401(k). The only thing that matters with your ROTH, is your adjusted gross income from your tax return. I believe the contribution eligibility for single people begins phaseout at $110,000....  (more)
      Answered Apr 2012
      Do failed business attempts impact personal credit scores?
      Provided that the liabilities that were bankrupted on, were guaranteed by the business, then yes, your personal credit will remain unchanged. However, I think its rare actually for an upstart business to be a sole creditor on more normal early credit situations, so I wouldn't be confident that your...  (more)
      Answered Mar 2012
      Waitress/taxes coming up?
      While Turbo Tax may be more cost effective, I think using a professional would be much a wiser idea. The questions that Turbo Tax may ask you may be two-sided and/or ambiguous in the response required. You only save 50 to 100 bucks by using the program and you spend your valuable time on something y...  (more)
      Answered Mar 2012
      How can I negotiate discounted payoff for my student loans?
      Breanna -- although I have little experience in this matter, I would say the best first step is to contact the loan servicer directly and simply ask. I am not sure if they will agree to a discounted payoff, but if there is a precedent for such a thing, they will be the only ones with that informatio...  (more)
      Answered Jan 2012
      I turned 55 Feb,2,2011, sent my forms late for my pension, has been months and have recieved nothing.?
      Get on the phone with the pension administrator and find out if they received your documents. If you have a financial advisor, its probably something they will do for you (via 3way conference) if you think you will struggle with any terminology....  (more)
      Answered Jan 2012
      Are Dividend Reinvestment Plans good investment tools?
      I don't think a DRIP is inherently any more risky, than the actual item you are reinvesting into. All you are doing is taking dividends earned on your investment, and buying more of the investment. Therefore, your overall risk is limited to the risk of the investment itself. ...  (more)
      Answered Jul 2012
      Do I need to file an amended tax return?
      I would definitely amend it. You can use a fillable form 1040X from the IRS website and mail it in. I have done it several times for several people and its very simple to execute. The IRS even provides you with an explanation section on the form.Eddie Patel...  (more)
      Answered Feb 2012
      Is it ok to ask my financial adviser what funds they invest their personal assets in?
      While I think its a great advisor soundbite to say, "A cook should eat his own cooking," I think that statement in and of itself is flawed. A cook in a restaurant may make a great steak, but rather prefer eating fish, when its his turn to eat.Likewise, while I dont think the advisor should be uncom...  (more)
      Answered Feb 2012
      How should I choose a CPA to work with for 2011 taxes?
      Hi David,In theory a CPA would have more specific tax knowledge than a "tax preparer" but I find the value of the CPA title to be vastly over-rated at times. While I think the CPA, based on all the work he/she does for the marks has shown an ability to navigate a tough educational platform, your se...  (more)
      Answered Jan 2012
      How can I effectively use deductions to lower my tax refund?
      I am assuming you meant "increase your tax refund" ... In general most Americans file for and receive what's called a standard deduction, this year I think 5800. However, the easiest way to increase your tax refund is to contribute to a traditional IRA. Outside of that most of the other "deductions...  (more)
      Answered Feb 2012
      Nondeductible IRA contributions conversion to Roth?
      It is possible and I have written a guide on this subject. The advantage of doing it is withdrawing the money tax free when eligible....  (more)
      Answered Feb 2012
      Tax tips for individual investor?
      Just be sure to reconcile your gains and losses on the sale of stock on your Schedule D. Pay special attention to the timing of the sales. If you held an investment for less than 1 year, you will pay ordinary income tax, more than 1 year, you will pay long term cap gains. ...  (more)
      Answered Feb 2012
      Who do i get ahold of to inquire about my 401-k?
      The best place to start is the HR Department. Was there an "HR" Department at D&L Industrial? ...  (more)
      Answered Jan 2012
        *Answers are submitted by advisors without compensation.

        Licenses & Conducts

        U.S. Securities and Exchange Commission
        • license status
        • disclosures
        • as of date
          May 31, 2018
        • license status
          Not registered
        • disclosures
        • as of date
          Jul 18, 2018
        Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:



        Last updated on July 19, 2018
          • $10.0M
            Total Assets Under Management
          • $0
            Total Assets Under Advisement
          • 150
            number of clients
          • $66.7K
            Estimated Average Account Balance Per Client

        Eddie Patel, Inc

        Last updated on Dec. 11, 2019
          • $18.3M
            Total Assets Under Management
          • N/A
            Total Assets Under Advisement
          • 420
          • $43.7K
            Estimated Average Account Balance


        Types of Compensation Arrangements