Al Procaccino II, Founded Castle Financial in 1992
Certified Financial Fiduciary®, Certified Financial Planner®, Certified Fund Specialist®, Certified Digital Asset Advisor™, Former Co-Manager of a 5 Star Morningstar Rated Fund, Chief Compliance Officer of Castle Financial, a Registered Investment Advisor with the SEC.
Al has been active in the financial services industry since 1980 and has had the pleasure of helping both individuals and corporations manage their wealth. He is dedicated to providing clients with the highest level of expertise and professionalism.
Over the years, Al has conducted financial, retirement, and estate planning seminars for esteemed corporations such as Procter and Gamble, IBM, TRW, IFF, General Dynamics, Siemens Private Communications, and the New Jersey State Chamber of Commerce. His work for the NJ State Chamber earned him an honorable mention in Who’s Who. Al has also served as a consultant on a Merv Griffin television production documenting the stock brokerage process.
Prior to Castle Financial, Al directed the Retirement Group at Cowen and Company as a Partner of the firm, served as Vice President and Branch Manager at Dean Witter Reynolds located in 5 World Trade Center, New York City, and was a Senior Vice President and the Retirement Group Strategist at Oppenheimer & Company.
On a personal note: Al is happily married with two wonderful daughters and resides in Rumson, NJ. He loves his pets and enjoys music, reading, swimming, biking, cooking, college sports, golf, model railroading, and chess. Al is passionate about supporting charities, serving on the Board of Room in Our Hearts, a nonprofit organization dedicated to helping families whose homes have been affected by crisis.
Disclosure: This award was given to AXS All Terrain Opportunity Fund (“TERIX”) on September 30, 2020 and not to Castle Financial & Retirement Planning Associates, Inc. (“Castle Financial”) or Mr. Procaccino. Mr. Procaccino previously served as a co-manager of TERIX, and the Fund liquidated in June 2023. Rankings and awards by rating services and other organizations should not be construed by a client or a prospective client as a guarantee that the client will experience a certain level of results if Castle Financial is engaged or continues to be engaged to provide investment advisory services. A fee was not paid by either the Fund, Registrant or Mr. Procaccino to receive the award. The Morningstar Rating for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Calculations are based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. Castle Financial’s Chief Compliance Officer remains available to address any question regarding the award.
Martin Phillipps, LMFT-Licenses Marriage and Family Therapist has been working with family firms and private businesses for over 40 years. He is now associated with Castle Financial, focusing on wealth and legacy planning. His consultation projects have included crisis management in family firms, organization assessment and succession planning in collaboration with financial and legal professionals. Martin is a New York State licensed marriage and family therapist and a clinical member of the American Association for Marriage and Family Therapy. Since 1971 he has developed and managed several mental health programs at Richmond University Medical Center, including those for the Department of Defense, family therapy programs and medical family therapy in oncology. He has been an adjunct professor at St. John’s University. He has chaired the Health and Wellness Committee at the Agahozo Shalom Youth Village in Rwanda and continues to serve on the Program and has presented a workshop on the reconciliation process at Monmouth University. Martin maintains a private practice in family and medical family therapy, in addition to consulting to family firms and privately-held firms. He has presented workshops on family businesses at the annual meeting of AAMFT and chambers of commerce and has received several awards and recognition for his work throughout his career.
Al Procaccino with former Fed Chairman, Ben Bernanke, and Korey Bauer of Bauer Capital Management LLC.