Syosset, NY, June 29, 2012 --(PR.com
)-- According to the American Bankers Association, over the next 20 years approximately $17 trillion dollars will exchange hands as one generation hands over its wealth to another. Much of this wealth transfer will be in highly appreciated real estate which can create capital gains exposure. That’s the message Michael Packman, CEO of PNI Capital Partners, shared with attendees of the Long Island Real Estate and Business Renaissance (LIREBR) attendees on June 1 at the Hilton Long Island in Melville, N.Y. One of Packman’s specialties is educating clients and their tax professionals on available capital gains tax and estate planning strategies to help reduce or eliminate tax liability.
“Attending the LIREBR conference gave me the opportunity to reach thousands of real estate professionals. Most are not aware that there are suitable investment strategies that can help their clients reduce or eliminate capital gains tax,” explained Packman. “When you make your living selling real estate for individuals and corporations, understanding how your clients may be able to reduce or eliminate tax liability can be a tremendous advantage over your competition.”
Packman frequently holds Continuing Professional Education events that introduce these strategies and is available to interested businesses. He got his start in the financial services industry more than 18 years ago at a boutique private wealth management firm where he quickly rose through the ranks to become the youngest Vice President in the company’s history. From there he formed his own company, managed the Long Island region for the brokerage arm of a major international firm and then opened PNI Capital Partners. Packman’s company, PNI Capital Partners, offers access to securities through J.P. Turner & Company, LLC (SIPC).
To learn more, visit www.pnicapital.com or call 516-466-7120.
J.P. Turner & Company, LLC (Member SIPC) is an independent broker/dealer headquartered in Atlanta. Advisory and financial planning services are offered through its affiliate, J.P. Turner & Company Capital Management. Founded in 1997 by Bill Mello and Tim McAfee, the company has grown to more than 200 independent branch offices throughout the United States and has been voted one of the top independent broker/dealers in the country annually by Investment News and Best Places to Work in Georgia by Georgia Trend Magazine. To learn more about the firm and its services, please visit www.jpturner.com.