Brian K. Schiess CFP®
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Brian’s role involves working with clients to formulate planning goals, developing and implementing wealth management strategies and monitoring clients’ progress in working towards their financial and investment goals.

Professional Designations

CERTIFIED FINANCIAL PLANNER™
Enrolled Agent

Education

William Paterson University, B.S., in Finance and Financial Planning

Giving Back

“Hands-on” Community Service

Oradell-Emerson Rotary receives the Florie Scialla Award. This award is given to a club that “best exemplifies the type of Rotary projects that Florie Scialla was noted for i.e. “Hands on Type” of tasks that involve its members.” Brian Schiess pictured far left above is an active member of the Oradell-Emerson Rotary club.

Learn more about how we serve our community

Read more about Brian

What sparked your interest in financial planning? What fuels you every day in your work?

From a young age I watched some of my loved ones struggle with money, including my parents.  Finances were often a source of stress.  On the other hand, my grandparents were much more financially stable, and I looked to them for good examples to follow.  My grandfather Fred taught me the value of savings and the power of earning interest on that savings.  Born a year before the start of the Great Depression, my grandfather was adverse to stock market investing and put his money mostly in Bank CDs.  As I entered into my teenage years we would search in the newspaper (and later online) for the most competitive CD rates together.  Though not a very sophisticated investment strategy, banking with my grandfather helped to develop my passion for investing and financial planning. 

At college, I was introduced to comprehensive financial planning as a formal discipline.   I discovered that it requires strong research and analytical skills as well as effective interpersonal communication skills. My day-to-day work throughout my career has continually proven to be invigorating and refreshing as I put pen to paper, analyze complex situations and develop sophisticated strategies.

What do you value most in your client relationships?

As a CERTIFIED FINANCIAL PLANNER™, I serve as an advisor to my clients in many ways beyond the financial – also as confidant and many times a friend. Being able to provide a listening ear or a supportive shoulder is such a good feeling because I know that I am making a difference. Together we share in both their challenges and triumphs financially, professionally, and personally.  Seeing my clients through all their ups and downs is what makes my work particularly rewarding.

What do you enjoy most about working at Modera?

The collaborative, collegial, and conscientious work culture.  It is refreshing to work with so many colleagues that exude confident humility.  At Modera, everyone is knowledgeable and willing to help each other, and their clients reach success.

How do you do good in your community?

I am a member of the Oradell-Emerson Rotary club helping to organize and sponsor many civic events, such as food and clothing drives, that allow us to give back to the community and those that may be in need.

I am also passionate about helping students prepare for their professional careers.  I volunteer as a mentor with the Pesce Family Mentoring Institute at William Paterson University in Wayne, NJ. I’m proud to give back to my alma mater and guide others in their journey to a career in finance.

I volunteer my voice at St. Francis of Assisi Parish in Ridgefield Park as a cantor and member of the choir.

Brian’s Insights

NJ.com: Will money from stock sales hurt Social Security and Medicare??

If you trade stocks and have capital gains, or sometimes losses, after you are retired and only one spouse trades, how does this affect your Social Security and Medicare costs? In this Q&A article by Karin Price Mueller for NJ.com, Modera Financial Advisor Brian K Schiess, CFP®, EA, helps shed light on this question.

Spousal IRAs: A Quick Guide

A “spousal” Individual Retirement Account (IRA) allows a spouse with little or no compensation from employment to open a separate IRA and complete contributions based on the other spouse’s income. I’ve put together this quick guide to help you evaluate whether a spousal IRA might be beneficial for you.

A Guide to 401(k) Plans for Small Business Owners

As many of our clients grow their businesses, we have helped them replace their existing company retirement plans with 401(k) plans.  In general, 401(k) plans can provide more options and flexibility than other types of retirement plans.  Here, we will explore some of the key attributes of 401(k) plans and the potential benefits they can provide on both a personal level and in various aspects of managing your business.

Qualified Charitable Distributions and the SECURE Act

What are Qualified Charitable Distributions? Distributions from IRAs are generally taxable at ordinary income rates. As a result, certain taxpayers are often faced with larger-than-expected tax bills once their Required Minimum Distributions (RMDs) kick in, leaving them with little control over their taxable income and marginal tax brackets

New Year, New Retirement Plan Contribution Limits

Good news. Once again the IRS has increased the employee contribution limit for 401(k) and other retirement plans in 2020. The contribution limit has been increased from $19,000 in 2019 to $19,500 in 2020 for employees participating in the following types of employer-sponsored retirement plans:

Does the SECURE Act Affect Me?

The new Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed by Congress and signed into law by President Trump in December 2019. The law will take effect on January 1, 2020.

2021-09-13T16:51:11+00:00
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