Ostrofe Financial Consultants, Inc. To Host Grass Valley financial Literacy Events For Students, Residents

Online, September 23, 2010 (Newswire.com) - (GRASS VALLEY, Calif.) - Allen Ostrofe, president of Grass Valley-based Ostrofe Financial Consultants, Inc. and former professor of financial planning and long-term investing, is a firm believer in the premise that the earlier young people learn solid financial lessons the better their financial journeys will be.

On Oct. 8, Ostrofe will welcome Vince Shorb, president of The National Financial Educator's Council and founder of Money XLive, to Bear River and Nevada Union High Schools to address students about starting out on the right financial foot.

"High school students are not taught practical financial education as part of their curriculum," Shorb said. "Most will enter the real world completely unprepared for the financial challenges that await them. Our financial literacy events are designed to make a lasting difference in the lives of our participants."

Skyrocketing personal debt and resulting lifestyle burdens are directly related to personal financial knowledge. According to a Jump$tart Coalitions 2008 survey, twelfth graders answered only 48.3 percent of basic financial questions correctly, a decline from 52.4 percent in 2006. This statistic is especially worrisome considering the Government Accountability Report reports one-third of all workers retiring in 2050 will not have 401(k) based accounts.

Ostrofe, whose professional team has provided financial planning advisory services to individuals and businesses for more than 26 years, has long been committed to educating people about finance. A regular columnist in Grass Valley area newspapers, he frequently shares insights about a variety of financial topics including estate planning, tax mitigation and good financial parenting skills.

In addition to hosting high school assemblies, Ostrofe will also host an open-to-the-public financial literacy event beginning at 7:30 p.m. on Oct. 8 at the Miners Foundry in Nevada City. The evening presentation will feature Vince Shorb and Fritz Meyer, an economic and markets analyst and frequent guest on CNBC and Fox Business News. There is no cost to attend however donations are encouraged to help fund future school financial literacy events.

Along with Ostrofe Financial Consultants, Inc., the financial literacy events are being sponsored by radio stations, KNCO and Star 94.1, and newspapers, the Union and the Wildwood Independent.

To RSVP to the evening presentation, call Patty Lum at Ostrofe Financial Consultants, Inc., (530) 273-4425, by October 5th.

Photo Cut Line: Vince Shorb, president of Money XLive, will be a featured speaker at Grass Valley financial literacy events on Oct. 8.

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About Ostrofe Financial Consultants, Inc.
Ostrofe Financial Consultants, Inc. (OFC) located in Grass Valley, Calif., is a Registered Investment Advisory firm with the SEC providing comprehensive fee-based financial planning for individuals and businesses.

Today, with clients in 23 states, Ostrofe Financial Consultants, Inc., offering Securities and Advisory Services through National Planning Corporation (NPC), Member FINRA/SIPC, is the oldest and largest Nevada County-based Registered Investment Advisor (by asset size, based on research 3/09 at www.adviserinfo.sec.gov) serving those with investable assets of $500,000 or more. OFC, the National Youth Financial Edocator's Council, Money XLive and NPC are separate and unrelated companies. A proponent of long-term diversified investment strategies, the firm specializes in life and goal planning, business planning, generational planning, and estate planning, including trusts* and asset management.

OFC is deeply invested in the local community of Grass Valley and its environs, participating in several non-profit and educational organizations including Music in the Mountains, Friendship Club, Sierra Nevada Memorial Hospital Foundation, Nevada County Land Trust, Center for the Arts and many others.

About Allen Ostrofe, MBA, CFP®
As president of Ostrofe Financial Consultants, Inc., Allen Ostrofe is responsible for heading an experienced team of nine professionals and managing $142 million in client assets by providing recommendations concerning investments, retirement and estate planning techniques to clients.

A native San Franciscan, Allen has over 38 years of experience in the financial business, including executive and director positions handling multi-million dollar corporate budgets. He is a Certified Financial PlannerTM, has written over 100 investment articles for local and regional publications, is a past professor of financial planning at Sierra College, and is a frequent speaker on the subject of long term investing.

He is a past president of the Nevada County South Rotary and has served on the board of directors for the Nevada County Chamber of Commerce, Music in the Mountains, Nevada County Land Trust, Associated Securities Corporation and the Greater Grass Valley Development Corporation. In addition, he is an active member of the Knights of Columbus and past member of The Friendship Club and the Sierra Nevada Memorial Hospital Foundation.