Episode 35: Aquiles Larrea CEO of Larrea Wealth Management

Welcome, Aquiles Larrea to the Pandocap Show. 

Aquiles Larrea is CEO of Larrea Wealth Management and acts as the personal CFO to help get executives and entrepreneurs out of the office and enjoy time with loved ones on their own terms.

Aquiles has appeared on FOX Business, Spanish television and national radio programs. Together with his elite partners, he helps clients create their own "Empanada of Success.” He is the author of “Your Money and You: Ultimate Wealth Guide for Latino Entrepreneurs and Executives. Helping you to create your 'Empanada of Success.'"

Q: Can you share your background with us?

A: My journey started 25 years ago in one of the wirehouses.  I then started my own firm in 2002, Larrea Wealth Management.  When I started my own firm I had a lot of ideas, but at the end of the day success has been based on the relationships with my clients, and the conviction I have about being a money manager and advisor to take my clients to the next level. 

Q: What are your thoughts on the markets?

A: The markets are very interesting and I would be more worried if the market didn’t correct itself.  This time of year sell-offs and corrections occur because people have been riding the tech sector for more than a year.  You have to have these corrections; it’s normal and safe and something that has to happen.  Think about where to position now and move forward. 

Q: What does Hispanic heritage month mean for you?

A: It means a lot to me but I think that the community is growing and we are working with each other.  When I first started in the industry, the Hispanic community didn’t work together, so it was really sectioned off. Now I see us forming a community and working together to have a voice and get stronger going forward.  

Q: What is your outlook for the rest of the year and 2021?

A: We have a very interesting year because we have an election coming up.  We are going to see markets creeping up to the election and after the election, you will see the market edge up with a 3 to 4 percent increase.  I see the big potential in 2021 because I am encouraged we will have a vaccine by then and that will create certainty in the markets, and the markets love certainty which will lead to an upside. 

Thank you for being on the Pandocap show!