Tom Garvey is the President of LCR Wealth Management. He is a Registered Investment Adviser and is responsible for delivering full service financial planning and investment management for high net-worth investors and their families.
Prior to joining LCR Capital Partners, Tom was Vice President, Head of Office, at Goldman Sachs Personal Financial Management in Southern Connecticut and was part of the team that was acquired with United Capital Financial Advisors in July 2019.
Tom was with United Capital Finance Advisors for 11 years. At the time of their acquisition by Goldman, he was a Managing Director and ran the Southern Connecticut office with a set of clients he advised directly. Tom joined United Capital Financial Advisors early and helped the business grow to over 100 offices and 23,000 clients with $24 billion in assets.
Earlier in his career he was at PriceWaterhouseCoopers for five years from 2003 to 2008 where he was a Director in the Investment Advisory Services Group. He initially joined PWC as a consultant evaluating the business practices of financial investment firms which led him to a career helping clients avoid asset managers that put their personal or business interests ahead of their clients.
He started his career in corporate finance at GE Capital and was National Sales Manager at GE Asset Management from 1998 to 2003.
Tom graduated from the Fisher School of Business at Ohio State University. He received an M.B.A. in 2004 from the University of Connecticut.
Outside of work, Tom volunteers with A Better Chance in Wilton, CT. This organization provides a quality high school education to promising minority boys and girls in order to help them attend college. He is also active in the Professional Advisors Council.
The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.
If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.
LCR expects the program to be reauthorized in February 2022, and continues to work with international families that want to explore alternative residency options.