LIFEvest Financial Literacy Program Gets Lifesaving Support

Compak Donates $15,000 to Summer Residential program for Underserved 9th and 10th Grade Students


Newswise — Irvine, CA – (December 8, 2015) – Compak Asset Management was recently honored with the Fidelity Investments “Be Greater” award for demonstrating excellence in critical areas of their business. Feroz Ansari, senior principal and portfolio manager for Compak, received $15,000 as part of the recognition package, which was earmarked for the charitable organization of his choice. The LIFEvest Financial Literacy Program, hosted by the Center for Wealth Management (CIWM) at the UC Irvine Paul Merage School of Business, was the lucky recipient.

“Part of the reason we won the Be Greater Award is because of our mission to enhance the life experience of our clients. Giving the $15,000 donation to LIFEvest is just another extension of our mission. With this gift, we can enhance the life experience of tomorrow’s leaders,” said Ansari.

LIFEvest is a weeklong, on-campus financial literacy program, hosted by the CIWM and dedicated to helping underserved 9th and 10th grade students. The program teaches life skills in money and investment management in a highly supportive environment, and seeks to instill a continued desire to strengthen understanding of financial matters, encourage admission into a four-year college or university, and to inspire confidence and success in all areas of life. In 2016, the program will be expanded to host two sections of students: Section 1 will be held July 17-23, 2016 for boys, and Section 2 will be held July 31-August 6, 2016 for girls.

The cost for each student to attend the LIFEvest program is approximately $2,100, a cost that is funded entirely through the CIWM with generous support from members and sponsors, including: PAAMCO; Duckworth Wealth Advisors; Beacon Pointe Wealth Advisors; Beacon Pointe Advisors; US Bank, JP Morgan Private Bank; Canterbury Consulting; Crystal Capital; Neiman Marcus; PIMCO Foundation; Taco Bell; Wells Fargo Foundation Pamela M. Adams, CFP®, MBA, Senior Vice President – Investment Officer The Adams Financial Group of Wells Fargo Advisors, LLC; Schwab Advisor Services and Walmart Foundation. Students who are selected to participate in the LIFEvest program, do so at no cost to them. “In today's business environment, being good enough is no longer an option. You have to be greater,” said Moeez Ansari, president and chief investment officer at Compak Asset Management, and brother to Feroz Ansari. “At Compak, we are honored to be recognized for our work. We are proud to be a part of the Center for Investment and Wealth Management, and even prouder to support the LIFEvest program which will impact the lives of some many of our young people.” Already Compak offers an internship program for high school students, including LIFEvest graduates, a program the company plans to continue. “Our hope is that we can set the example for other businesses to garner additional resources from the community for the LIFEvest program,” concluded Moeez Ansari.

About Compak Asset ManagementCompak Asset Management is an SEC-Registered Investment Advisor dedicated to providing comprehensive/customized wealth management solutions to its clients including investment management services, comprehensive financial plans, insurance solutions and estate planning assistance. Compak has been a CIWM member since March, 2015. For more information, visit compak.com.

About the Center for Investment and Wealth ManagementThe CIWM is one of seven Centers of Excellence at the UC Irvine Paul Merage School of Business. Its mission, under the guidance of Faculty Director Andrew J. Policano and the highly valued CIWM advisory board, is to expand knowledge of the complex issues concerning the creation, management and transfer of wealth and to be a respected, transparent source of timely information, educational programs and research on financial literacy, investment and wealth strategies. The CIWM vision is to emerge as a thought leader and source of innovative analysis and provide rigorous analysis and critique of existing practices and will become widely recognized as a hub of activity, research, network and application for a vital international industry.

About The Paul Merage School of Business at UC IrvineThe Paul Merage School of Business at UC Irvine offers four dynamic MBA programs – plus PhD, specialty masters and undergraduate business degrees – that graduate business leaders with the exceptional ability to help grow their organizations through strategic innovation, analytical decision-making, information technology and collaborative execution. While the Merage School is relatively young, it has quickly grown to consistently rank among the top AACSB-accredited programs through exceptional student recruitment, world-class faculty, a strong alumni network and close relationships with both individual business executives and global corporations. Additional information is available at http://www.merage.uci.edu.

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