Colarossi & Williams of Islandia, New York, is a financial services firm whose professionals are committed to helping clients pursue long-term financial success. With more than 25 years of industry experience, our professionals specialize in the development and implementation of financial strategies for both individuals and small businesses by focusing on their most important objectives. Our staff of caring, dedicated, and educated individuals are fully committed to providing the highest level of service to our broad client base.
Richard K. Colarossi, CFP®, AIF®
Richard is an investment advisor with Commonwealth Financial Network®. With more than 20 years of experience in the financial services industry, Richard holds the CERTIFIED FINANCIAL PLANNER™ certification issued by the Certified Financial Planner Board of Standards, Inc. This certification holds financial planners to a strict standard of ethics and professional knowledge.
In addition, Richard has earned the Accredited Investment Fiduciary® (AIF®) designation. The AIF® designation represents a thorough knowledge of and ability to apply fiduciary practices. AIF® designees have a reputation in the industry for the ability to implement a prudent process into their own investment practices as well as others in implementing proper policies and procedures.
While attending the State University of New York, College at Old Westbury, Richard received a BS in accounting and finance and holds a certificate in financial planning from the Advanced Program of the School of Continuing Studies at C.W. Post College. Richard has also studied behavioral economics and finance theory at NYU School of Professional Development in 2010.
A career in financial planning also serves as an opportunity to become a financial educator. Richard has frequently lectured on retirement and distribution planning. He has appeared as a guest speaker on the television program Dollars & Sense to discuss advanced business planning, including buy/sell agreements and pension plans. In addition, Richard has been published in the Wall Street Journal, the Journal of Financial Planning, Financial Planner Magazine, InvestmentNews, and Long Island Business News.
The role of an independent financial planner is to help individuals and business owners understand their current situations, define future goals, and develop a strategy that is flexible and will help enable them to reach their objectives. Richard has helped provide people with meaningful solutions to a wide range of financial matters, including investment management, retirement planning, risk management, tax planning, and qualified and nonqualified retirement plans.
With access to a broad array of services, resources, and other professionals, Richard will always work within the best interests of his clients. His reputation of integrity coupled with an effort to forge long-term bonds with his clients truly makes him a partner in their financial lives.
A long-time resident of the town of Islip, Richard currently resides there with his wife, Rosalie, and daughter, Jessica. He continues to remain active in many community and school organizations.
Richard Colarossi is proud to have been recognized as a Summit Club advisor for 2019—a distinction based on annual production that places him among the top 19 percent of advisors affiliated with Commonwealth Financial Network.
Each year, Commonwealth, the Registered Investment Adviser–broker/dealer that helps us process investment transactions on your behalf, recognizes Summit Club advisors by inviting them to an exclusive gathering of their peers, leading industry experts, and Commonwealth home office staff. Summit Club advisors benefit from an intensive learning and networking experience designed to help them hone their expertise, share best practices, and provide ever-higher levels of service, education, and leadership to their clients.
Thomas M. Williams, CFP®
With more than 25 years of experience in the financial services industry, Thomas has earned a reputation as a highly respected and experienced financial planner. Thomas holds the CERTIFIED FINANCIAL PLANNER™ certification issued by the CFP Board of Standards. This certification, earned in 1994 from the College of Financial Planning in Denver, Colorado, holds financial planners to a strict standard of ethics and professional knowledge.
As a founding partner, Thomas has been with Colarossi & Williams since the firm’s inception in 2003. In 1991, Thomas joined Allmerica Financial, and it was there that he met Richard Colarossi. With a shared goal of offering an independent alternative to large, traditional brokerage firms they founded Colarossi & Williams Financial Advisory Group. Choosing to partner with Commonwealth Financial Network®, one of the premier independent broker/dealers in the United States, helps ensure that his clients receive the best array of investment choices to complement their financial goals.
Financial planning is a partnership built on trust and integrity. With more than 25 years of experience in the financial services industry, Thomas has worked with and guided his clients through some of the most extreme ups and downs the financial markets have ever seen. As a CFP® professional, Thomas works with individuals, families, and business owners to develop a strategic, long-term financial plan that helps them achieve their goals and objectives. He firmly believes that developing a financial plan is much more complex than simply choosing a “good investment” and takes a holistic approach to financial planning and wealth management. He works closely with his clients to ensure that they are on track to meet their financial goals.
As an experienced financial planner, Thomas has also had an opportunity to serve as an educator. He has given classes on investment and insurance issues, retirement income and distribution planning, asset management, estate planning, and long-term care insurance. His courses are open to the community through programs at school districts, colleges, and town organizations on Long Island.
A long-term resident of the town of Brookhaven, Thomas resides there with his wife, Carolyn, and his children: Katie, Tommy, and Brian. As an active member of his community, Thomas coaches youth sports and volunteers his time for school and local organizations such as the ASPCA. He also enjoys fitness, boating, skiing, and golf.
Thomas M. Williams is proud to have been recognized as a Business Experience advisor for 2019—a distinction based on annual production that places him among the top 47 percent of advisors affiliated with Commonwealth Financial Network.
Each year, Commonwealth, the Registered Investment Adviser–broker/dealer that helps us process investment transactions on your behalf, recognizes Business Experience advisors by inviting them to an exclusive gathering of their peers, leading industry experts, and Commonwealth home office staff. Business Experience advisors benefit from an intensive learning and networking experience designed to help them hone their expertise, share best practices, and provide ever-higher levels of service, education, and leadership to their clients.
Client Relationship Manager
Eileen is a graduate of Hofstra University and holds a bachelor's degree in finance. Prior to joining Colarossi & Williams, Eileen worked for several years as an assistant vice president with Chase Bank. While at Chase, Eileen successfully managed several retail branches where she was acknowledged for her outstanding client relationship management and sales achievements.
After a brief leave of absence from the workforce to raise her children, Eileen joined Colarossi & Williams where she has been instrumental in the growth of the firm. In addition to the processing and supervision of multiple client services, Eileen has been a key contributor to several of our company projects and communications. Her dedication to customer service coupled with her financial industry knowledge has made Eileen an integral part of our company.
Joseph joined Colarossi & Williams in October 2009, initially serving as a marketing and communications coordinator and was promoted to an analyst in June 2015. Joseph has been integral in several technological advances our firm has made. Through these efforts, our ability to serve clients with increased office efficiency has been greatly beneficial to both Colarossi & Williams and our clients' financial needs. This diversity in skill areas has made Joseph a key component in the growth and diligence of our firm.
In his current role, Joseph is responsible for general management of daily operations, investment analysis/due diligence, implementing compliance and regulatory mandates, and ongoing maintenance and improvement of internal procedures
Joseph currently holds FINRA Series 7, 24, and 66 securities registrations.
Thomas O. Williams
Thomas is a new addition to the team here at CW Planners and is currently a registered staff member. As a recent college graduate from Marist College, with a degree in Economics and History, Tom is eager to add value in a number of different ways. From answering phones and servicing client needs, to mastering our financial planning software, Thomas will gradually take on more responsibility within the firm, ultimately becoming a full time advisor.The process to becoming an advisor is a long and rigorous one but Tom has taken that task head on. Since Tom has been in the office he has passed his Life and Health exam, as well as Finras Series 7 and Series 66 exams. On top of these accomplishments, Thomas is currently enrolled with the College for Financial Planning to obtain The CERITIFIED FINANCIAL PLANNER™ designation. We look forward to seeing Thomas grow as both an individual and advisor within our firm.