Germain DiCarlo Wealth Management Group of Wells Fargo Advisors

  • Private Wealth Financial Advisors

    Vinnie DiCarlo & Jeff Germain

  • Address

    2141 Rosecrans Ave., Suite 4100, El Segundo

  • Phone

    310-285-5888

  • Website

    germaindicarlo.com

  • Special Section

    Trusted Advisors

Jeff Germain and Vinnie DiCarlo provide financial advice and money management services for high net worth individuals and families through their practice Germain DiCarlo Wealth Management Group of Wells Fargo Advisors.     

Jeff has worked in the financial industry for 30 years and holds a Certified Investment Management Consultant designation. He serves as chair of the board of Dignity Health California Hospital Foundation and chairman emeritus for Make-A-Wish Greater Los Angeles. Jeff and his wife have six children and four grandchildren.     

Vinnie has been a financial advisor for eight years and practiced as a CPA for 10 years before that. He is co-chair of the Dignity Health California Hospital Annual Professional Symposium and has served as a Gala committee member since 2015. He is active in the Santa Clara University and Loyola High School alumni associations. Vinnie resides in the South Bay with his two young sons.


What is the key to building and growing client relationships?

Being accessible when clients need us and staying in contact even when there isn’t something work-related to discuss. We keep in touch with our clients in both up and down markets and check in just to hear what’s going on with them. We also spend time with clients outside work hours—seeing them around town, sharing a meal together, attending important events for them and/or their families.


In this digital world, what’s your most effective communication technique with clients?

We take a multipronged approach. We send out timely white papers via email. We host a quarterly Zoom call with Joe Terranova from CNBC for our clients, attorneys and accountants to hear a third party’s perspective on the market. We make good old-fashioned phone calls directly with our clients to see if they have questions about the pieces we provide them. Nothing replaces in-person meetings and discussions, even though Zoom was highly effective during COVID-19 and with clients who do not reside in California. We like to make an effort to see and be seen by our clients whenever possible.


What is the most popular service you offer?

Finance and investing can be very complex endeavors. We focus heavily on educating our clients and guiding them through their plan—taking into account all of their financial assets and goals/objectives—so they can better understand the logic behind our approach to investing and so they (hopefully) do not worry when markets are down as much as some other investors might.  


Describe your ideal client.

Our ideal client is someone who genuinely appreciates the care and service we provide to them and whom we enjoy working with. Our practice currently has roughly 100 clients, and we get to know the people and families we bring on board so they know we are here for them. We treat our clients like family.


In what ways is the business model of your firm unique?

Our team brings a unique background to our clients. Jeff has been managing money for almost 30 years, and Vinnie has a tax and planning background—having practiced as a CPA and then spending time with Wells Fargo’s fiduciary services group where he dealt with families’ estate plans and provided alternative scenarios. Individually we have been recognized by Forbes (Jeff as Best-in-State for 2020 through 2022 and Vinnie as Best-in-State in 2020 and Top Next-Gen Wealth Advisor in 2022) and by Barron’s (Jeff as Top 1,200 Advisors for 2019 through 2022) for our approach to providing financial services to our clients and the care we take in constructing customized, independent portfolios for their individual situations. 


How do you keep stress levels low?

When we’re off work, we can be found supporting our local restaurants. Jeff spends time with his family and rides his bike on The Strand with his two dogs, and Vinnie can be found at the beach with his two sons, Luca (age 6) and Giovanni (age 8), who was recently featured in Southbay magazine for his surfing. 


Disclaimer: Wells Fargo Advisors and its affiliates do not provide legal or tax advice. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state. The Forbes Best-In-State Wealth Advisors; Top Next-Gen Wealth Advisors rating algorithm is based on the previous year’s industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a rating. Investment performance is not a criterion. Self-completed survey was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. The Barron’s Top 1,200 State By State Advisors ratings are based on the previous year’s assets under management, revenue generated for the advisors’ firms, and the quality of the advisors’ practices. Investment performance isn’t an explicit factor because clients have varied goals and risk tolerances. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. CAR 0922-02784