Kevyn Nelson – Financial Consultant
Kevyn Nelson has always fostered the entrepreneurial spirit. From running his own paper route when he was still in single digits to opening a recording studio at the age of 16, the Los Angeles native has dabbled in various business ventures for many years.
Today, as a sought after financial consultant, Nelson runs the two-year-old CVI Wealth and Asset Management Group (the sister company to his renowned Worldwide Credit and Financial Solutions). Based in Manhattan Beach, CA, Denver, CO and Lawrenceville, GA, CVI serves a broad range of clients from L.A. to Atlanta, including a rather large contingency of entertainers.
With offices opening in New York and Chicago, CVI specializes in an array of services, among them wills and estate planning, investment consulting, credit restoration and enhancements, business plans, grant proposals, nonprofit formation, corporation services, business development, and business funding. “We have an ongoing roster of about 30-35 people,” Nelson said. “I also have a lot of clients on a rotating basis, so we average between 400 and 500 clients per year.”
Being a financial consultant during a recession can’t be easy, but Nelson has been undaunted. He has learned how to customize his services to suit the unique needs of a clientele facing tough economic times. “If it’s a client that I had three or four years ago, certain things that were timely then are no longer the case, so I give them updated information.” Nelson says drastic changes in the banking industry have caused him to alter his strategies somewhat and he has been mindful of the counsel he dispenses regarding real estate investments. “If a client doesn’t have a lot of available liquid assets, I don’t advise real estate investment right now, but those who have cash can pick up good deals because of all of the foreclosures.”
One of the most challenging areas of Nelson’s work — and perhaps the one for which he has the most passion — is providing services to entertainers, many of whom may be riding high professionally but suffering financially. With a client roster that has included the likes of Ralph Tresvant, TLC, Adina Howard, Brian Austin Green, and “Moesha’s” Lamont Bentley, Nelson tries to show entertainers how to make their money outlast their fame. “When it comes to entertainment, I focus primarily on independent labels, artists and executives. I like to work with indie labels to show them how to use their budgets to access capital that can be used to sustain their projects. With artists, I try to get them to understand the value of their intellectual property and with industry executives, I teach them where to put their money, especially nowadays with so many execs losing jobs and going into consulting.”
In addition to his hands-on, one-on-one counseling, Nelson also offers financial words of wisdom to those who may not be able to afford his $5000 consulting fee. In his book, “Corporate Credit Unleashed,” available at Amazon.com, Books-A-Million and Barnes & Noble, Nelson reveals the secret to building business credit. In the popular book, Nelson teaches readers about business credit reporting agencies, ratings, building a business profile, and the process of building credit.
Nelson said he chose to focus so heavily on credit building because most of his clients have the misconception that “good credit will allow them to live a lifestyle that they can’t afford.” He explains, “The purpose of credit should be to allow yourself to take advantage of investments. If you’re going to have an 18 percent interest rate on a credit card, whatever you’re using that card for should be bringing you back 20-25 percent. Credit is not to use so you can live a lifestyle that you can’t afford. Once your debt ratio is over 40 percent, it doesn’t matter how high your credit score is — people will still start denying you.”
Educated at Southern California University of Professional Studies, where he earned a BA in Corporate Law and Entrepreneurial Studies, Nelson says he has serviced a wide range of clients who have acquired money from an equally wide range of sources. But Nelson says his job is to serve his clients, not judge them. “I know for a fact that there is definitely a need in the entertainment industry for the services that I provide,” he says. “There is a need for my services in a lot of markets and I’m happy to provide them as long as it’s done the right way.”
Dedicated and committed to always maintaining a high level of integrity in business, results-oriented financial consultant Kevyn Nelson consistently delivers.