Deva Panambur

CFA®, CFP®
Personal Finance, Investing, Small Business
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“Deva Panambur, Managing Director with Sarsi, passionately seeks knowledge about his clients and their requirements so that he can help them achieve their goals and objectives.”
Firm:

Sarsi, LLC

Job Title:

Managing Director

Biography:

Deva Panambur, CFA®, CFP®  is the founder of Sarsi, LLC. Sarsi, LLC is an independent, fee only, Registered Investment Advisor, serving individuals and institutions. We primarily provide the following services: 1.Financial Planning: Overall financial situation of the client including cash flow, debt management, risk management/insurance, estate planning and tax planning. 2. Investment strategy 3. Asset allocation and risk management 4. Manager/Investment product selection 5. Investment monitoring and reporting.

Prior to founding Sarsi, LLC in 2010, Deva was a Senior Vice President/Partner at Executive Monetary Management (EMM), a wealth advisor with over $2Bn in assets that was a part of Neuberger Berman, before being spun off into an independent firm in 2009. At EMM, Deva led manager selection and due diligence and had joint responsibility for economic analysis, strategy analysis, portfolio management and risk management pertaining to investments of ultra high net worth clients and institutions.

Prior to joining EMM, he was a portfolio manager at the alternative strategies group of Merrill Lynch; a research analyst at Chesapeake Capital Corporation- a hedge fund; and a risk and business analyst at Deutsche Bank Asset Management where he supported various investment groups. He began his career at International Seaports Pte. Ltd. in international project finance in the Far East and the United States.

Deva earned a Bachelor of Technology from the Indian Institute of Technology, India, a Master in International Management from the Indian Institute of Foreign Trade, India, and an MBA from Thunderbird School of Global Management, Glendale, AZ. He has been awarded the Chartered Financial Analyst designation and is a CFP® professional.

He regularly provides expert advisory services to top consulting firms and asset management companies regarding the business and investment aspects of the investment industry. He is an Adjunct Professor of Personal Finance at Montclair State University in New Jersey and in his spare time trains candidates appearing for the  CFA exam.

Education:

MBA, Finance, Thunderbird (Arizona State University)
BTech, Metallurgy, Indian Institute of Technology

Assets Under Management:

$8 million

Fee Structure:

Fee only. Asset based and/or fixed.

CRD Number:

4632189

Disclaimer:

Sarsi LLC (“Sarsi”) is a Registered Investment Advisory Firm regulated by the State of New Jersey in accordance and compliance with applicable securities laws and regulations. Sarsi does not render or offer to render personalized investment advice through this newsletter. The information provided herein is for informational purposes only and does not constitute financial, investment or legal advice. Investment advice can only be rendered after delivery of the Firm’s disclosure statement (Form ADV Part II) and execution of an investment advisory agreement between the client and Sarsi.

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    Personal Finance, 401(k)
Which 401(k) contribution amount should I select?
100% of people found this answer helpful

(Please read till the end)This is a great question. In general, it is never too early (or too late) to start saving for retirement and a 401 (K) plan is a great way to do it in a tax advantaged manner. Contributions to 401K is made with 'pre income tax dollars' and the account grows tax deferred until you withdraw from it at retirment. At that time, you will pay your then applicable income tax rate on your withdrawal.

So, from a retirement planning perspective, if you can ie if your cash flow situation allows for it, then you should contribute as much as posssible to your 401K. (For 2017 you can contribute upto $18,000 pre tax.) irrespective of what percentage of your contribution your employer matches.

If you cash flow situation does not allow for maximum contributions then you should strive to at least contribute as much as your employer matches or else you will be turning away free money.

Taking the two example you have provided (ie 100% up 3% or 50% for upto 5%) both these result in an instantaneous return on your contributions (Because of the tax advantage and the matching). While, one is better than the other per se, that difference will be reduced if you contribute more and the money compounds over a long time. Besides, while what return you earn is important, HOW MUCH you save is more important. For example, I could get a 10X return on $100 but that still comes to $1000, on the other hand a 10% return on $100,000 leaves me with $110,000. So, bottom line is to contribute as much as possible.

Beyond this it depends on your specific case (Salary level, cash flow, terms of your 401K etc) for example you may be able to contribute to an Individual IRA as well as a 401K so that you can take advantage of the higher matching % and still contribute more to suit your cash flow. 

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    Career / Compensation
What amount of fees should I reasonably expect from a Financial Advisor?
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    Investing, Stocks
What should I look for when purchasing stocks?
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