header

David Garelick EA, CFP®, AIF®

  /  David Garelick EA, CFP®, AIF®

Bio

David is committed to clients for the long-term and acts in a fiduciary capacity. He helps clients in all aspects of their financial lives and gives personalized advice to each client’s specific needs, goals, and objectives. David has extensive knowledge and experience in the areas of retirement planning, tax, education planning, estate, and insurance planning. He also continues to prepare individual, business, fiduciary and estate tax returns.

David Garelick has been with Global since 1987 and took over as the President/CEO in 1999. He received his undergraduate degree from UCLA and his graduate MBA degree from California Lutheran University. He holds the designations of Enrolled Agent and Certified Financial Planner™. He is a member of the National Association of Enrolled Agent (NAEA) and the Financial Planning Association (FPA). David sits on boards of non-profit and for-profit organizations.

David was fortunate to be mentored by his father Louis H. Garelick who was the President/CEO for Global Business Management from 1985-1999 and Lee B. Winkler who founded Global in 1960 and was the President/CEO from 1960-1984.

In his free time, David enjoys spending quality time with family and friends. He loves reading, hiking and attending Los Angeles sporting events.

Education

  • B.A., University of California Los Angeles
  • M.B.A., California Lutheran University

Certificates, Designations and Licenses

  • Certified Financial Planner™ (CFP®)
  • Enrolled Agent (EA)
  • Accredited Investment Fiduciary® (AIF®)
  • Series 65 Securities License
  • California Insurance Producer License #0B92396
CERTIFIED FINANCIAL PLANNERTM (CFP®)
The CERTIFIED FINANCIAL PLANNER™ and CFP® (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP®  Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. The CFP® is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients.
 To earn the credential, each CFP® candidate must have a bachelor’s degree (or higher) from an accredited college or university and three years of full-time personal financial planning experience. In addition, candidates must take the CFP® Certification examination and complete a CFP® -board registered program or hold an accepted designation, degree or license. Every two years, CFP ® certificate holders must complete a minimum of 30 hours of continuing education. More information regarding the CFP® is available at http://www.cfp.net/default.asp.
ENROLLED AGENT (EA)
Enrolled Agents (EAs) are federally-licensed tax practitioners who may represent taxpayers before the IRS when it comes to collections, audits and appeals. As authorized by the Department of Treasury’s Circular 230 regulations, EAs are granted unlimited practice rights to represent taxpayers before IRS and are authorized to advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements.
To earn the designation of EA, each EA candidate must pass a three-part comprehensive IRS test covering individual and business tax returns, or demonstrate experience as a former IRS employee. EAs must also complete 72 hours of continuing education every three years. More information about EAs is available at https://www.irs.gov/tax-professionals/enrolled-agents.
ACCREDITED INVESTMENT FIDICUARY® (AIF®)
Investment fiduciaries and professionals are constantly exposed to legal and practical scrutiny. It is likely that complaints and/or lawsuits alleging investment mismanagement will continue to increase. Many can be avoided by having clear knowledge of who constitutes a fiduciary and what is required of one. The AIF Designation Training and designation help mitigate this liability with instruction covering pertinent legislation and best practices. Accredited Investment Fiduciary® (AIF®) designees have the ability to implement a prudent process into their own investment practices as well as being able to assist others in implementing proper policies and procedures.
AIF® designees adhere to both the Code of Ethics and Conduct Standards. The Code of Ethics consists of the tenets of ethical conduct expected of all credential holders, while the Conducts Standards pertain to any past criminal and civil litigation, regulatory events, and personal and professional conduct.
Continuing Education Requirement
AIF® designees must accrue a minimum of six hours of continuing education annually. The CE requirement is effective immediately upon attainment of the AIF® designation, and CE hours may be accrued from a variety of sources. All CE is subject to audit by, and final approval from, Fi360.