Velocity Investment Planning (VIP), available through CFS*
As a Velocity Credit Union member, you can take advantage of professional investment and planning services right here at Velocity. Velocity's Investment Planning (VIP) is located in our main lobby and often makes appointments at our other branches. Our CFS advisor provides objective financial planning and investment services.
Remember that you are a VIP to us regardless of the size of your investment. When you plan your finances with Velocity, you'll be working with a team of professionals qualified to discuss your investment needs. Our representatives are registered through CUSO Financial Services, L.P. (CFS), an independent broker/dealer.
Vist our financial planning website now.
For a free, no-obligation consultation, contact
Kenny Truong (Biography)
Velocity's Financial Planning, through our licensed CFS representative, can assist with the following aspects of your personal financial plans, including:
Mutual funds, stocks, bonds and annuities.
- Individual Retirement Accounts
Mutual funds, stocks, bonds and annuities.
- Retirement and Estate Planning
Plan now for a potentially long, luxurious retirement.
- Risk Management
Help protect yourself from unforeseen disaster. We provide life, disability and long term care insurance.
- Advanced Financial Planning
Get a clear and potentially more effective plan that matches your personal goals with suitable investments and strategies to help achieve your goals for safety, income, growth, liquidity or tax benefits.
Frank Gonzalez, Investment Advisor
Frank Gonzalez is an investment advisor, registered through CUSO Financial Services, L.P. (CFS), our broker dealer, associated with Velocity Investment Planning. He has over 14 years of investment experience and industry knowledge. Frank comes to us from an independent wealth management firm.
He has worked with everyone from entry level-career to executive level people. He is licensed to sell securities in Texas and other states upon request. Frank is dedicated to servicing our members and always welcomes the opportunity to meet with you.
Frank explains his approach as follows: “When reviewing the portfolio, I often notice some major issues. One being asset class and/or individual sector overlap. In other words, you may hold two different funds but they hold the same securities. Second, expense ratios may not be in line with performance. The goal is to find good money managers at a reasonable fee level. Third is account consolidation. Many have moved around from a previous employer and may have retirement plan assets in many different places. This poses two problems. One is that upkeep is not as easy as it should be. Secondly, there are separate expenses for each of these plans.
“In selecting and constructing portfolios, I use several sources of information to vet and implement my ideas. Among them being Morningstar, industry publications and conference calls with fund managers. My mission is to beat the benchmark net of fees with less risk. I do this by having a multiple scenario outlook. In December, I formulate the upcoming year’s investment landscape while remaining flexible enough to have a plan B. This is important because unexpected events can and do happen. Consistency is something I pride myself on. I am looking to hit investment singles and doubles versus home runs and striking out. This allows for a smoother set of returns. When I meet with a member, we will discuss what is important to them and talk about their future investment goals. I will ask many questions to ensure that the investment allocation chosen matches up with your comfort level and time horizon. It may be someone who has changed jobs and needs rollover options. I may meet with a senior that is looking for a conservative investment strategy to supplement retirement income. It could be a high net worth individual who is interested in capital preservation. When a member works with me, they deserve and will receive the service, solution and satisfaction they deserve. I look forward to maintaining a long-term relationship and to being there through all of life’s investment stages.”
Frank earned his bachelor of business administration degree from Texas State University. He specializes in wealth management, custom asset allocations, risk management, portfolio analysis, stock and exchange traded fund research, retirement projections, retirement planning strategies, alternate investments, bond ladders, and annuities.
Frank is active in the community at events such as barbecue competitions that benefit local charities. In his off-time, he enjoys spending time with his wife, Laura, and their German shepherd, Tifah.
Kenny Truong, Investment Advisor
Kenny Truong, an investment advisor, registered through our broker dealer, CUSO Financial Services, L.P. (CFS), recently associated with Velocity Investment Planning. His diverse background in the high-tech industry along with over 11 years of investment experience enables him to help members to pursue their long-term financial goals through detailed, comprehensive, and individualized financial planning. Kenny has expert knowledge in financial planning and investments. Prior to joining CUSO Financial Services, L.P., he worked at both a large traditional brokerage firm, as well as an independent brokerage firm.
Kenny’s approach is to work closely with members to develop a customized financial planning to suit their financial goals through different stages of their lives. He will provide a transparent recommendation to help manage member’s unique financial needs. He believes in providing professional financial service with objectivity and integrity that each member deserves with transparent services through clear expectations. His investment philosophy is a conservative approach based on sound research, asset allocation, diversification, rebalancing, cost control, and utilizing award winning tools.
Kenny graduated from University of Arkansas with a bachelor of science in electrical engineering. He also holds a master’s degree in telecommunication from Southern Methodist University (SMU). He currently holds FINRA securities licenses, including Series 7, Series 63, Series 65, and TX General Life & Health Insurance. In addition, he holds the Certified Fund Specialist (CFS) designation. His education and experience helps him to understand the needs of many members, and his registrations enable him to sell securities in Texas and other states upon request.
Kenny has been married for over 13 years and has a daughter. He also has a passion for sports, especially tennis and golf.
Disclosure: Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer(Member FINRA/SIPC). and Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Velocity Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.