It hadn’t been an easy year or so for many in the financial sector, from the subprime meltdown to shrinking retirement accounts to the recession.
Into this climate, enter Michael Grossi.
After years with other financial companies, Grossi opened a financial planning and insurance brokerage last month.
Grossi has several degrees, including a bachelor’s in financial services management, and hold designations such as registered financial consultant and certified in long term care.
PBN: There doesn’t seem to be a shortage of financial planning and insurance brokers in Rhode Island. How will you differentiate yourself from the others?
GROSSI: I understand that there is not a shortage of financial advisers and insurance agents/ brokers in Rhode Island, but we at TEAM Financial Strategies LLC take the approach that we are a team of financial professionals that each focus in a particular area of the financial services business ranging from life insurance and long-term care solutions, to employees benefits and retirement planning. This allows us to be positioned to provide complete financial services to our client and agents under one roof. Our team of financial professionals has more than 70 years of experience in the financial services industry.
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PBN: You have officially been open for about a month, and you have mentioned that you are looking to open an office in Connecticut. Isn’t that risky in this economy?
GROSSI: No matter what the economy is, I feel that if we can provide quality financial services to our clients and grow our market share in Connecticut by building an office with a team of quality financial professionals, then it is not a risky proposition.
PBN: Are you finding that in this economic climate, people are turning to financial advisers?
GROSSI: No matter what the economic conditions, we feel that people are always looking for quality financial professionals to provide their financial service needs irrespective of the economic conditions. This is the reason that we at TEAM Financial Strategies LLC are in business to provide our clients with quality and complete financial services.
PBN: What made you decide to strike out on your own?
GROSSI: I decided to strike it out on my own in March of this year after being a second-line manager with other companies, and I was looking for the opportunity to better serve my clients and also the opportunity to build a TEAM of financial professionals that will be the premier Financial Services Institution in southern New England with Rhode Island and Connecticut. The decision was a difficult one but the choice was made easier by going with One America and their financial stability. Also, the opportunity to become a managing director and general agent in the financial service and insurance industry has been a goal since I came in to the financial services industry.
PBN: What is One America and what is the affiliation with you?
GROSSI: One America is the parent company from Indianapolis, Ind., of American United Life Insurance Co., State Life Insurance Co., RE Moulton, Pioneer Mutual Life Insurance Co., and One America Securities Inc. Our affiliation with One America is that we are a general agency for American United Life Insurance Co., State Life Insurance Co., Pioneer Mutual Life Insurance Co., and RE Moulton Inc. in Rhode Island. We are also the OSJ for One America Securities, Inc Member FINRA and SIPC for Rhode Island. We are a One America Financial Partners firm.
