Company Spotlight: Rosell Wealth Management

Photo of Rosell Wealth Management staff

Each month, Central Oregon PubTalk brings together entrepreneurs, business leaders and community members to network and celebrate the local startup community. Last month, Rosell Wealth Management joined Velox Systems, BBK Law, and Providence Health Plan as Title Sponsors of the program. EDCO sat down with David Rosell, President of Rosell Wealth Management to learn more about the company and their community efforts.

Rosell Wealth Management staff photo

Rosell Wealth Management Team (Left to Right): Rodney Cook, David Rosell, Emma James

Rosell Wealth Management is an independent financial planning and wealth management firm that specializes in retirement planning, audits and sale of life insurance, and tax mitigation for business owners. The last of which is the fastest growing segment of the business.

As David explained, “We jumped through a lot of hoops to become an independent financial advisory. Unlike other firms, our sole fiduciary responsibility is to our clients.”

Many community members will be familiar with David’s financial insights from his monthly features in Cascade Business News, where he has served as an author of the financial column for the last 22 years. David has a knack for weaving financial advice and storytelling. His most recent article, “Navigating the Rapids of Retirement Investing – A Kayaker’s Guide”, artfully depicts his recent adventure kayaking the Mackenzie River and makes an analogy to the uncertainty that individuals can feel when planning for their retirement.

In 2012, David decided to combine his passion for world travel and financial expertise in the book Failure is Not an Option, which received national recognition from industry leaders and media. Since publishing the book, David has been speaking to CEO groups and executives with a focus on retirement planning and for business owners through the sale of their companies.

Urged by his clients to write a book that could help their children and grandchildren understand personal finances, David wrote Keep Climbing, which includes tips for millennials to leveraging compounded interest and strategies such as “pay yourself first”.

Throughout his professional efforts, David has remained committed to giving back. He has served as Chairman of the Bend Chamber of Commerce, Chairman and committee leader for City Club of Central Oregon, and Chairman for Toastmasters Central Oregon Chapter.

When asked which accomplishment he was most proud of, David quickly responded that it was his ability to give back to the community. In addition to having served on a number of nonprofit boards, Rosell Wealth Management sets aside 10% of profits into a Donor Advised Fund they created called the James A. Lee Community Gift Fund, named after a community leader and mentor.

“Each year, we accept grant applications from our clients for local nonprofits that are near and dear to their hearts. It’s our way of giving back while supporting both our clients and our community,” said David.

In addition to David, the firm includes Partner and Director of Financial Planning, Rodney Cook and Emma James, Wealth Coordinator. Continuing David’s commitment to community service, Rodney serves as Vice Chair for the Central Oregon Chapter of Friends of the Children, sits on the Board of Directors for the central Oregon Community College Foundation and participates in the Equity and Recovery Council for the Governor of Oregon.