About Us
Professional Background
-Not all advisors are the same, let's have a conversation so I can defy your expectations-
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“Do not get fooled by other advisors' alphabet soup after their names; some of these letters provide evidence of extensive study, while too many can be easily obtained with one week of study and a quick test. Be sure to review each advisor's ADV, part two, which will explain the level of effort required to obtain the credential. I am proud of my extensive education and unique experience.”
Our History
Marc Alan Wealth Management LLC is a fee-only registered investment advisory firm founded in Rockaway, NJ, in January 2021. Marc Lescarret is the founder and current owner/operator of the firm. He has over 20 years of investing experience. He devoted much of his time to servicing institutional, high-net-worth, and middle-class clients throughout his career. The company prides itself on the owner's work history of only working for conflict-free firms, a uniquely different path from most advisors. Please take a look at Marc's bio for additional details.
Marc Alan Wealth Management is controlled solely by Marc Lescarret and remains a separate legal entity from other agents we work with on an ongoing basis. The firm engages in regular think tank discussions with agents, including other advisors, relators, landlords, mortgage agents, brilliant clients, builders, CPAs, investment managers, real estate sponsors, lawyers, executive coaches , custodians, and related professionals. So we never feel alone, we also tap multiple resources and bring them into the conversation when needed. This helps protect you from the hidden dangers of a one stop shop since you have multiple layers of oversight. We even got quoted on NJ.com.
"Lescarret recommends you use different firms for accounting, legal, investment and insurance services. This way, you will have many sets of eyes available to point out if something is wrong, he said, rather than depending on a one-stop shop."
Article (Powerball hits $1.5B: How to avoid squandering a monster lottery jackpot win)
Marc Lescarret, MSPFP, MPAS®, CFP®, AWMA®
Owner and Founder
Marc has combined his love of investing and passion for helping others into a transparent fee-only RIA, Marc Alan Wealth Management LLC. Educated in a small college outside NYC, he graduated with a double major in Finance and Economics in 2003. In his graduation year, he became a Delta Mu Delta honor society member. Throughout his college career and the first four years after college, he worked in accounting. On a personal level, he became deeply passionate about investments as a hobby that started in the late '90s.
In pursuit of making his passion for investing and career into one, he searched for an investing career. Many investment professionals, from brokers to insurance agents, did not appeal to him ethically. He was discouraged that many agents had load fees, which could exceed five percent of the upfront costs of an investment purchase. Some products also charged huge surrender costs on the sale of a product, often more than five percent. He saw hidden commissions embedded in funds called 12-B1 fees and hidden fees in proprietary products. He was even more shocked when his relatives and friends thought their agents worked for free or just a few small transaction charges. These agents were only salespeople who were not legally bound to work in their clients' best interests. From that moment on, he realized the importance of complete transparency and wanted to become a fiduciary.
In 2007, he made the jump and started servicing institutional investors. He appreciated the fact that the firm had no ulterior motive since it did not sell investment products. In his role, he focused on researching investment products. He directly interviewed hundreds of portfolio managers who managed billions of dollars. The research was very intense and went into the micromechanics of an investment product. He learned everything from what could cause a money market fund to break the buck to the most exotic pioneer emerging markets, where inflation could be one thousand percent! He also reviewed everything on the private side, from hedge funds to private REITs. He was thrilled to have this opportunity, but after many years on the institutional side, he wanted to work directly with individuals.
In 2013, he obtained a Certified Financial Planner® Certification and worked for a small independent RIA based in NJ shortly after that. He serviced primarily high-net-worth clients, helped build financial plans, and conducted most of the firm's trading and research. Working for five years in the RIA space, he noticed how in-depth his investment knowledge is compared to the average investment advisor. Most of these agents are just salesmen or people-pleasers who didn't spend their entire careers as a fiduciary like him. Nor do they fully understand the products they sell. Marc wanted to use his experience to do more to help better serve his community.
During the challenging times of COVID-19 lockdowns, Marc started creating Marc Alan Wealth Management to help improve the lives of his family, friends, and the public. He finds satisfaction in helping people and wants to help you or at least steer you in the right direction.
As of June 2022, Marc completed his Master of Science degree in Personal Financial Planning. He also obtained the Master Planner Advanced Studies® and Accredited Wealth Management Advisor designations from the College for Financial Planning. He has incorporated what he has learned into his practice to serve you better. Please do not hesitate to reach out to him.
“I know that I am not a salesman, but I do feel my investment expertise does sell itself. I am proud to show you what I truly believe in and feel it is my duty to make you more aware of your investments and opportunities. Client or not, it is just the right thing to do.”
Marc Lescarret, MSPFP, MPAS®, CFP®, AWMA®
