Culturally Competent Firm is Building a Solid Team
DAYTONA BEACH, Fla. — Silva Fiduciary Advisors (SFA), an independent state registered investment advisor, was recently launched in Daytona Beach at a celebration that hosted over 100 at the Volusia-UCF Business Incubator at Daytona Beach International Airport.
Jose Silva, CEO and founder, said clients, fellow entrepreneurs, business owners, students and fellow faculty members of Embry Riddle were among the guests. Also in attendance were CPAs, estate planning, tax and immigration attorneys and international real estate brokers with whom Silva has cultivated strong professional partnerships during the 17 years he has lived and worked in the area, and who help provide SFA clients with a full suite of services.
The new company plans to grow to over 50 clients and manage more than $30 million in assets by the end of this year, and increase that by around 50 percent annually in the following three years.
One of the most unique and important aspects about SFA that will go a long way toward achieving such goals is the fact that clients are all financially advised in their native languages.
Silva, not only has a 35-year background in the world of finance – as a management consultant to corporations around the world, as a mortgage banker at one of the largest banks in Volusia and as a financial advisor – he is fluent in five languages – English, Spanish, Portuguese, French, Italian – and he’s currently working on Mandarin, Arabic and Russian.
Advising clients effectively in their own language may give SFA a better understanding of what investments would be in their best interests, and clients in turn gain complete confidence.
The U.S. Census Bureau reports one out of four Central Florida residents speak a language other than English at home, “The opportunity to help these folks with their finances is huge,” said Silva.
Members of the team Silva is building are expected to speak at least one other language besides English. The new Global Business Development Advisor who just joined SFA is based in London and speaks Swedish, German, English, French, and Spanish. Two more Global Business Development Advisors will soon join the company – one based in Shanghai and the other in Brazil – plus two financial advisors along with an executive assistant will be brought on board rounding out a staff of eight by year end, according to Silva.
SFA not only abides by the fiduciary standard by always placing the clients’ best interest first, but the CEO believes that it’s such a core value of his new practice that he mindfully chose the term “fiduciary” as his company’s middle name.
As a client company of the Volusia-UCF Business Incubator, the overall goal and mission of this entrepreneurial startup is to build a solid team of professionals who are aligned with the firm’s values and excited to help realize its vision to serve the clients’ best interests and manage at least $100 million in assets by the year 2020,” Silva explained.
“We are bridging cultural and communication gaps while forging life-long client relationships.”
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About the UCF Business Incubation Program
The University of Central Florida Business Incubation Program is a community resource that provides early-stage companies with the tools, training and infrastructure to become financially stable, high growth / impact enterprises. Since 1999, this award-winning program has helped hundreds of local startup companies reach their potential faster by providing vital business development resources.
With seven facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida, the Corridor, Orange, Osceola, Seminole and Volusia counties, and the cities of Apopka, Kissimmee, Orlando and Winter Springs. Participating companies sustain more than 3,600 local jobs and have had a total impact of $1.51 billion on regional sales and $2.48 billion on regional economic output. During the last fiscal year, the program has returned $7.95 for every $1.00 invested in the program.