Jeremy Torgerson

Personal Finance, Small Business, Lifestage Based Planning
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“As the CEO of nVest Advisors, Jermey Torgerson specializes in serving the financial needs of working families, small business owners, educators, and employer-sponsored plans.”
Firm:

nVest Advisors, LLC

Job Title:

CEO

Biography:

Jeremy Torgerson is the CEO at nVest Advisors, LLC in Texas and Colorado and has over 9 years of experience in the finance industry. 

Prior to his time in investment management, Jeremy and his wife were small business owners in Colorado, owning and operating two restaurants, “Torgi’s Pizza & Pasta Co.”, and a large independent video store called “Fast Forward” (yes, Millennials, they really did exist!)

A trained speaker and former professional actor, Jeremy still takes the occasional acting job when his time permits, most recently portraying a modern-day Jesus in the 6-part Christian mini-series Unconditional Love. He narrates audiobooks for Audible, and also hosts two podcasts. He was also a featured actor on the stage at the Camille Playhouse in Brownsville, where he recently starred as Randle McMurphy in One Flew Over The Cuckoo’s Nest and Boolie Werthan in Driving Miss Daisy. Jeremy also utilizes his performance background as our company spokesperson.

Investments became his “day job” after the economic downturn that began in 2006 with a cascade of home foreclosures near Jeremy’s businesses in northern Colorado. The impact of the recession devastated families and small businesses, yet Jeremy felt the “powers that be” were motivated to help only the large banks and investment companies that caused the financial crisis in the first place. Those “mom and pop” businesses, and along with them so many hard-working American families, were left to struggle.

Taking what he learned in both good and challenging business climates, Jeremy began his financial advisor career with Edward Jones in 2008, with a focus on helping small business owners. His office opened in Los Fresnos, TX in 2008. In 2011, he took his practice independent and formed Palo Alto Investments in Brownsville, TX.

Watching the financial industry evolve, and seeing the impact technology could make for the betterment of client service, Jeremy decided in late 2015 to reinvent “Palo Alto Investments” into nVest Advisors, LLC. Doing so, he left behind commissioned securities sales and focused instead on creating low-cost, fee-only, actively-managed investment accounts tailored to the average investor and small business owner.

In February 2017, Jeremy moved his family back to Colorado, and nVest Advisors now serves clients in both south Texas and throughout the state of Colorado.

Assets Under Management:

$8 million

CRD Number:

5546264

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    Debt, Investing
Should I prioritize a savings plan or paying off my credit card and student loan debt first?

Great for you that you're tackling this at such a young age! (I'd guess that the average age most clients enter my office is early to mid 40's).

You absolutely should continue to contribute to the 401k. As for the question of debt / savings question, I usually work with clients like you by having us focus on both at the same time.

The issue with focusing on just debt, for example, is when that emergency inevitably comes up, without some savings built, you have no other place to go to cover that expense except back onto a credit card. That becomes the "forever treadmill" we're all so used to.

Instead, try a strategy of saving 50% of that surplus income, and using the extra 50% to pay down just ONE credit line at a time (pay minimums on the others). Once the first debt is paid off, take the entire payment from that debt (the minimum plus the amount you paid extra), and apply it to the next card, and so on.

Continue saving until you've reached at least 3 months' expenses (I prefer 6). Once that's reached, drop that money into your debt paydown plan.

I wish you every success! :)

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