Press Releases
The information contained in these releases and articles were current on the date of issue and will become outdated over time. Centara Capital does not assume any responsibility for updating information in these releases and articles.
- Webinars Showcase Innovative Product Generating Cash Flow from Real Estate Assets
- Centara Capital Appoints Fred Schippa as Director of Operations
- Centara Capital Appoints Senior Director of Advanced Planning
- Local Investment Experts Strategize Against Obstacles In Coming Year, The Daily Transcript, January 30th, 2007
- Centara Streamlines Estate Planning Through Innovative Process, The Daily Transcript, January 30th, 2007
- Taxes On Your Investments - You're Probably Paying Too Much, Business Week, December 25th, 2006
- David Gebhardt Named As San Diego County's Top Attorneys 2006
- Brittany Oates Named As San Diego County's Top Attorneys 2006
- Centara Capital Proudly Accepts the 2005 BBB Finalist Torch Award for Marketplace Ethics
- Centara Capital Management Group, Inc. and Clopine & Associates, LLP Announce Intent to Merge
- Centara Capital Expands Financial Service Offerings
Webinars Showcase Innovative Product Generating Cash Flow from Real Estate Assets
San Diego, June 10, 2008
Centara Capital Management Group, Inc. is hosting a series of Webinars this summer for commercial real estate brokers, insurance agents, accountants, estate planning attorneys and financial advisors. The Webinars will showcase an innovative new product for generating debt-free cash equaling up to 15% of a residential or 12% of a commercial real estate property’s value.
This revolutionary product converts the unknown and volatile appreciation of real estate owned by seniors into cash today, without creating debt. The product helps property owners maintain the current equity in their home while generating liquidity to assist with financial and estate planning issues, including long term care, wealth transfer, debt relief, pension replacement, charitable giving, and asset diversification.
Upcoming Webinars include:
- June 19, 2008 10 am PST
- July 15, 2008 10 am PST
- August 5, 2008 10 am PST
- August 26, 2008 10 am PST
Professionals interested in participating can call Dustin TenBroeck at 619-398-1700 for more information or visit www.centaracapital.com/events to register.
Centara Capital Management Group is one of Southern California’s leading wealth management firms. Centara’s ideal model for comprehensive wealth management provides high net worth clients and professional advisors with its expertise and a complete line of services through a unique, collaborative approach, utilizing a coordinated team of professionals. Centara specializes in creating unique solutions for complex asset preservation and wealth transfer challenges.
Centara Capital Appoints Fred Schippa as Director of Operations
San Diego, June 3, 2008
Centara Capital Management Group, a leading wealth management firm serving clients and professional advisors throughout Southern California, has named Fred Schippa as Director of Operations. Schippa will be responsible for directing all financial, operational and administrative functions for the firm.
Schippa has more than 24 years of financial-based corporate and consulting experience. Prior to Centara, he served as Chief Operating Officer at Retirement Capital Group, where he oversaw the implementation of short and long-term business planning and directed acquisition and growth activities.
“Fred has a proven track record driving growth and managing large-scale strategic business initiatives in the financial industry,” said Derek Myron, Managing Director and Co-Founder of Centara. “The addition of Fred enhances an already diverse team of professionals at Centara and strengthens the cutting-edge strategies and services we provide to both clients and advisors.”
Schippa has also served in an executive capacity for Pacific Corinthian Life Insurance and The McGraw Hill Companies. He founded and managed The Gordian Group, providing consulting services to large insurance carriers such as New York Life, Transamerica, The Lincoln Financial Group and Liberty Mutual.
He received his bachelor’s degree in accounting from California State University at Northridge and a Masters of Business Administration from San Diego State University.
“Centara has established itself as a true leader in wealth management and I look forward to contributing to the firm’s industry-leading expertise, innovation and insight,” said Schippa.
Centara’s ideal model for comprehensive wealth management provides established high net worth clients and professional advisors with expertise and a complete line of services through a unique, collaborative approach, utilizing a coordinated team of in-house professionals. Services include investment management, financial planning, tax consulting, and estate planning.
Centara Capital Appoints Senior Director of Advanced Planning
San Diego, March 31, 2007
Centara Capital Management Group, Inc., a comprehensive wealth management firm based in Mission Valley, is pleased to announce that Mark Kenny, CFP® has accepted the position of Senior Director of Advanced Planning as of March 12, 2007.
Mr. Kenny holds both a Bachelor of Science and a Master of Business Administration in Finance. In addition, Mark is a Certified Public Account and a Certified Financial Planner™ Professional (CFP®). He has over twenty-five years of experience in the financial services industry, including tax and estate planning, retirement planning, business succession planning, and providing investment advisory services to business owners, professionals, and corporate executives. Prior to joining Centara Capital, Mark held the positions of Vice President of Financial Planning, Senior Vice President, and Managing Director with several prominent wealth management firms and a regional bank. Each opportunity added breadth and depth to his expertise in providing advanced planning and advisory services.
Mark will provide advanced case design support to Centara’s financial advisors and create comprehensive financial plans encompassing estate planning, investments, business continuity, and retirement planning. Mark will accomplish these goals by using multiple product solutions including life insurance and annuities.
“Mark is going to be a valuable asset in helping Centara Capital design financial solutions for high net worth clients,” says Eduardo Lombardi, CEO of Centara Capital. “What sets Centara Capital apart from other financial service firms is our comprehensive approach to wealth management with our team of CFP® professionals, CPAs, and Money Managers all working under one roof. We are excited that Mark, with his experience and knowledge, will help Centara Capital reach our goal of becoming the premier provider of wealth management services.”
Mark is active with the Financial Planning Association and serves on the Advisory Board of V-Tek Systems, Corp., a closely held technology company. Mark is eager to bring to Centara Capital his broad base of professional talents to further the success of the company’s advanced planning division.
Centara Capital Management Group has been a Registered Investment Adviser in the San Diego marketplace since 2001. Centara provides comprehensive wealth management services through its financial and tax planning divisions and through the estate planning services offered by Centara Legal Group, APC. The firm is proud be recognized as a San Diego Better Business Bureau Torch Award Finalist for Marketplace Ethics in both 2005 and 2006.
Centara Capital Proudly Accepts the 2005 BBB Finalist Torch Award for Marketplace Ethics
San Diego, January 4, 2006
Centara Capital Management Group, Inc. a total wealth management firm based in Mission Valley was awarded the 2005 Finalist Torch Award for Marketplace Ethics by the Better Business Bureau of San Diego on Tuesday, December 6th.
More than 600 business and community leaders attended the Torch Awards presentation luncheon held at the San Diego Convention Center. “We are honored to be chosen by the Better Business Bureau as a Torch Award Finalist,” said Eduardo Lombardi, CEO of Centara Capital. “This award is a reflection of our character and represents a commitment to the same principals on which our company was founded: Integrity and Ethics. Centara strives to establish ethical partnerships with our clients, employees, and the community each and every day. It is a real privilege to be recognized for that,” says Lombardi.
Each company was evaluated by an independent panel of judges and the criteria used to evaluate Centara for this prestigious award included: 1) Commitment to and demonstration of ethical practices in the marketplace 2) High standards of behavior toward customers, employees, suppliers, shareholders and communities 3) Truthfulness and accuracy of advertising and sales practices 4) Ethical reputation among industry peers and in communities in which they do business 5) Long-term value of ethics policies to shareholders, customers and employees and 6) Training and communications programs to assist employees in carrying out established ethics policies.
This unique financial services company provides integrated wealth management solutions to business owners and individual investors by providing them with a comprehensive coordinated planning approach. “At Centara, we are able to integrate our clients’ estate, tax and investment objectives into a comprehensive set of strategies that reduce taxation, provide asset protection and create investment opportunities,” says Garry Martin, Executive Vice President - Business Development. “We are one of few established firms able to provide a complete solution addressing the total financial needs of the San Diego community. That is what makes Centara unique,” says Martin.
Aside from providing professional advice to the San Diego community, Centara proudly supports local organizations such as San Diego Senior Olympics, Senior Life San Diego magazine, Meals-On-Wheels Greater San Diego and the Salvation Army’s Adopt-A-Senior program.
Centara Capital Management Group, Inc. and Clopine & Associates, LLP Announce Intent to Merge
San Diego, December 7, 2005
Centara Capital Management Group, Inc. , a Total Wealth Management firm and Clopine & Associates, LLP a CPA firm specializing in tax planning and accounting for small businesses today announced that they have executed an agreement to merge.
“We are pleased to merge Clopine & Associates with Centara Capital. Together, we will be uniquely positioned to serve all our clients through our comprehensive coordinated planning approach. As the financial planning industry has been moving towards a more comprehensive wealth management approach, I believe mergers such as this will become more common, as the population becomes more educated about the benefits of the total coordinated planning model. At Centara we are able to integrate our clients’ estate, tax and investment objectives into a comprehensive set of strategies that reduce taxation, provide asset protection and create investment opportunities. With the merger of our two firms and the continued growth of Centara Legal Group, APC we are one of few established firms able to provide a complete solution addressing the total financial needs of the San Diego community,” says Garry Martin, Executive Vice President – Business Development.
Alan R. Clopine, CPA agrees. “Clopine & Associates has long been known as a consulting firm. We have taken into consideration the special needs of each client, offering suggestions concerning accounting and tax matters, how to improve cash flow and reduce overall taxes. Centara employs the same consultative approach in each of their financial specialties. We believe that our clients will find it extremely beneficial to access multiple financial services within one central office.”
About Clopine & Associates, LLP
Clopine & Associates, LLP is a full-service CPA firm established in 1987 by Alan R. Clopine, CPA, specializing in helping small businesses and individuals with their finance, accounting and income tax needs. Industry specialties include high technology and real estate. Their mission is to help their clients grow, increase profits, enhance wealth and minimize their income taxes. Mr. Clopine is a member of the American Institute of Certified Public Accountants. Information for Clopine & Associates, LLP is available at www.sandiegocpas.com.
About Centara Capital Management Group, Inc.
Centara Capital Management Group, Inc. is a Registered Investment Adviser since 2000 that provides Total Wealth Management through its financial, tax, and estate planning divisions to investors in San Diego County. Centara Capital is affiliated with the estate planning attorneys of Centara Legal Group, APC, and Centara Capital Securities, member FINRA/SIPC. The firm is proud to manage the assets of more than 1,500 clients. Information for Centara Capital is available at www.centaracapital.com.
Centara Expands Financial Services Offerings
San Diego, September 9, 2005
Centara Capital Management Group, Inc. has launched a new company to meet the growing senior demand for reverse mortgages in San Diego County. Centara Real Estate Services, Inc. will offer reverse mortgages, and advice about the various reverse mortgages programs, to senior clients who are seeking the products to meet their financial needs.
“Over the years, we have received numerous inquiries about reverse mortgages,” states Ed Lombardi, Centara Capital’s Chief Executive Officer. “Specifically, our clients have looked to us to give them a fair and accurate assessment of these financial products, and to help them determine if a reverse mortgage could be useful in meeting their financial planning needs. Our belief is that in many cases reverse mortgages can and do serve as an effective planning tool for clients providing them, liquidity, financial security and peace of mind.”
Reverse mortgages have been available for many years, but had built a somewhat negative reputation. With the creation of a federally insured option in 1989, the industry began to undergo a favorable transformation. Other products have entered the marketplace since that time, and there are now several options that offer a variety of benefits. Reverse mortgages have become a dynamic and secure financial product. No longer appropriate for only the “house rich and cash poor,” seniors from varying financial situations are using reverse mortgages for everything from health care costs and long term care insurance, to second homes and vacations.
Centara Real Estate Services, Inc. will offer all of the reverse mortgage products currently available in the industry. The Home Equity Conversion Mortgage (HECM), a federally insured reverse mortgage product, is the most popular of the options, responsible for approximately 90% of all reverse mortgages. The Home Keeper is Fannie Mae’s proprietary product. Additionally, there are jumbo products that are tailored to higher home values, which the company will also offer. Each of the reverse mortgage programs has benefits and advantages that should be considered carefully, and then applied to each client’s unique situation.
The reverse mortgage industry is monitored and regulated by the U.S. Department of Housing and Urban Development (HUD). Individuals interested in a reverse mortgage are required by HUD to undergo counseling with a neutral, 3rd party. In accordance with the law, Centara Real Estate Services, Inc. will provide a list of these counselors in the San Diego area to any individual(s) before beginning the loan process.
Centara Real Estate Services, Inc. is dedicated to providing the best possible service to its clients. “Reverse mortgages are not right for everyone,” says Lombardi. “Finding the appropriate reverse mortgage product to meet each eligible client’s unique needs is our goal.”