Dave Strelitz, senior vice president and regional trust manager, Associated Wealth Management
Name: Dave Strelitz
Title: Senior Vice President, Regional Trust Manager
Company: Associated Wealth Management
City of Residence: New Berlin
Family: Married to Paula
What’s new at your company? "The recent market volatility has emphasized the importance of being in frequent contact with our clients to be certain questions are answered and concerns are addressed. What’s new is that in addition to the constant conversations around asset allocation and diversification, we are also discussing bank capital, strength, core earnings, leadership, FDIC coverage limits and account structuring. While these topics were always important, they have moved to the forefront.
Additionally, we continue to evolve in our efforts to address the needs of the baby boomer generation. Financial planning, forecasting, asset allocation are all important components of this analysis along with making sure estate plans comply with current tax laws. Lastly, we want to make sure everyone is aware of long term care insurance, which we believe to be very important in the planning process."
What are the most interesting issues you work on with clients? "Because of the variety of business relationships we are exposed to, there are always new concepts and topics requiring research and continuing education. Learning is a great way to keep you excited about your career. For me personally, any opportunity to work more closely with charitable organizations is most fulfilling. I enjoy discussing planned giving techniques and charitable giving strategies with development officers. Helping them make smart decisions and growing their organizations is rewarding for me personally."
What is the most difficult or challenging aspect of your job? "This is an industry that attracts a significant amount of attention from the media and everyone has an opinion on investing. With all of this information available, it’s easy for individuals to be distracted from the mission at hand, which is making sound investments in quality companies for the long term."
What has been the funniest moment of your career? "Probably the day following a major summer storm when I found myself on the roof of the house of one of my elderly clients. She was concerned that shingles came loose in the high winds and I took a few minutes to nail them back in place. I still laugh when I think of myself on her roof in bare feet with my suit and tie on."
