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About Us 

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Financial Health Begins With a Relationship

Like most good things a strong stable financial foundation is grown.

  • It begins at our first meeting when we share our experience with you in hopes of acquiring your faith.

  • Diligence & Success with our very first task will earn us your confidence.

  • Continued success and fruitful advice will establish trust.

  • We are prepared to foster that relationship with you.

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The History of LoTurco & Company

In 1982, after being employed for over five years at an accounting firm and preparing tax returns by home appointments, Ed LoTurco decided to establish his own business. In October of 1982, LoTurco & Company opened its first office on Hempstead Turnpike in Franklin Square.

 

Our first tax season began with clients who responded to print advertising. These satisfied clients then began referring other clients to LoTurco & Company.

Standing by the slogan "Nice People Working Hard for You," LoTurco & Company steadily grew over the years. By 1996, the firm moved into its second-floor suite at one of Franklin Square's largest office buildings at 1040 Hempstead Turnpike.

Today, the firm handles clients from coast to coast with an expanded offering of services that now includes bookkeeping, payroll tax, sales tax, business tax returns, and a slate of financial services, from insurance and retirement planning to tax reduction and investing.

LoTurco & Company's strategy and intention is to offer superior and complete financial services at reasonable fees. The company's fees for professional year-round service are generally less than other seasonal storefront operations. But Ed will be first to say that price point has less to do with client loyalty than other factors, such as performance.

"Our success stems from the professional services we provide to our clients," Ed says. "Our experience is a testament to this: true hard work will bring about client satisfaction. And when people are happy with their results, they confidently refer their family and friends."

SERVICES

Our Firm

LoTurco & Company takes a personal approach in a discreet, comfortable and dignified atmosphere. Past, present and future — your entire financial picture is taken into consideration as we help you navigate to a sound financial future.

Our firm has over 30 years of experience to meet your needs. The professional staff at LoTurco & Company are all experienced in accounting, taxation, and finance that may help bring about tax savings to you. We maintain an expansive, up-to-date tax library on premises.

In 2012, Ed's son, Benjamin LoTurco, joined the firm as a tax professional and financial advisor, representing the second generation of LoTurco & Company.

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Edward LoTurco,

Accountant and LPL Financial Advisor

Upon graduating from Hofstra University in 1977, Ed LoTurco began his career. Ed was employed as a staff accountant in the daytime. He was a self employed tax preparer in the evenings and on weekends.

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The hard work and diligence paid off. In 1982, Ed established LoTurco & Company as an accounting and tax preparation firm.

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And in 1985 he broadened his offerings as a financial professional, enabling his company to provide clients with access to a diverse portfolio of financial protection and asset accumulation strategies.

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Ed prides himself on taking time to understand his clients’ needs and customizing complete financial programs that can carry them through the various stages of their lives.​

Ed embraces this commitment to clients' futures by equipping himself with the tools needed to pursue their financial security:

  • He is registered to offer securities and investment advisory services in New York. He holds Series 6, 7, 63 and 65 FINRA registrations through LPL Financial.

  • He holds a Certificate in Retirement Planning from the Wharton School, University of Pennsylvania. 

  • Ed is licensed to sell insurance.

Active in his community, Ed is a longtime, active member of the Franklin Square Chamber of Commerce.

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Benjamin LoTurco,

Tax Professional

A graduate of Hofstra University, Ben joined LoTurco & Company in 2012 as a tax professional and financial advisor. He specializes in income tax preparation for both individuals and businesses.

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Ben assists clients with professional tax preparation in addition to providing them with financial services, including retirement planning, education savings plans, general investments and insurance policies. He holds his Series 7, 63, and 65 securities licenses through LPL Financial as well as his life, accident & health insurance license.

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Experienced Financial Advising
Our firm has over 30 years of experience to meet your needs. The professional staff at LoTurco & Company are all experienced in accounting, taxation, and finance that may help bring about tax savings to you. 
CONTACT US
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Financial Advisor

1040 Hempstead Turnpike # 20, Franklin Square, NY 11010

(516) 358-9455
(800) 990-9455

What is a financial advisor?

 

When it comes to managing your finances and investing your money, few things are more important than finding a qualified professional financial advisor. A financial advisor is up to date on all the latest tax laws and how those laws can be applied to your financial situation to help save you money. In addition to tax planning and tax preparation services, a financial advisor provides advice and guidance on how and where to invest your money. 

 

What qualifications should I look for when choosing a financial advisor?

 

Financial professionals hold related degrees from accredited universities. Look for an advisor who has a bachelor’s degree in finance or a related field. An advisor can also have an MBA, or Master’s in Business Administration, which adds significantly to their educational credentials. These financial professionals need to be licensed in your state or hold a securities license. When a financial professional has a securities license, he or she may work with clients in more than one state. An advisor can be a Certified Financial Planner, or CFP, which requires passing a special exam. Lastly, be sure the advisor you choose has experience in the financial planning services you need.

 

What is the process of working with a financial advisor?

 

No matter what type of service professional you are working with, one of the most important things is to make sure you are comfortable. During your first meeting with a financial advisor, expect to provide details about your finances and what types of services you are looking for. You may have several specific goals in mind. For example, you might be most interested in reducing your tax liability and saving money on taxes. You may want to discuss investment strategies and other aspects of financial planning, such as retirement savings or estate planning. The financial advisor will talk with you about these goals and will assess your risk tolerance. During the first meeting with a financial advisor, you can gauge whether or not you are comfortable with the firm and trusting this advisor with your finances.

 

What is risk tolerance and why it is important?

 

Risk tolerance is a key component of all types of investment strategies, and it is determined by a number of factors. For example, it is important for your financial advisor to consider all of your assets. If you have additional assets, then you may be able to tolerate more risk when it comes to your investment strategies. Additionally, a financial advisor will consider your level of investment experience. When you first dip your toes into the pool of investing your money, it can feel daunting. If you have experience investing, you are likely to be more comfortable putting your money into high risk, high reward ventures than someone who is brand new to the world of investing. Finally, the financial advisor will consider your investment goals. Your goals involve how long you plan to hold the investment. You may want to cash out in a few years to make a down payment on a new home, or you may plan to wait several decades for retirement. 

 

Should I work with a financial advisor if all I need are tax preparation services?

 

Tax preparation services are an important offering from qualified financial advisors. A financial advisor will have detailed knowledge of tax laws and changes and how each one relates to your specific financial situation. This will ensure you get the maximum tax refund or pay the least amount of taxes, while staying within the law. Additionally, if you have additional assets or investments, this can complicate your tax preparation. Leaving it up to qualified professionals not only ensures that your taxes are done properly, but it also protects you in the case of an audit. A qualified financial professional will stand behind their work and provide assistance during the auditing process.   

 

Can a financial advisor help with bookkeeping for my business?

 

Bookkeeping services are a sound investment for many individuals and businesses. The more complex and diversified your finances, the more difficult and time-consuming it is to keep track of everything. Professional bookkeeping services ensure that every aspect of your finances is accurate, up to date, and fully prepared for tax season. If you run a business, hiring a professional bookkeeper is imperative for the success of your business. Even if you are capable of handling your own bookkeeping, a professional financial advisor is a smart choice. A financial advisor becomes a partner in your business, including providing the important service of properly documenting all of your financial records. Bringing in this partner frees you up to do the important work of building your business. 

 

What other accounting services are provided by a financial advisor?

 

A qualified financial advisor can basically provide all standard accounting services, as well as financial counseling and coaching. Your advisor will serve as a guide through the wide variety of financial strategies available to you, and by providing accurate, professional accounting services, a qualified advisor will ensure you and your business are fully prepared for any financial challenges or opportunities that may lie ahead. A few other common accounting services include providing financial statements and managing all of your payroll services. Whether you are an individual or a business entity, accounting services include providing monthly, quarterly, and annual statements for your business or personal financial statements for individuals. 

 

Can a financial advisor help when I am starting my business?

 

If you are an individual who is interested in starting your own business, accounting services are a must. More importantly, new businesses need smart financial planning and investment services. A financial advisor can walk you through the process of opening your business and setting up all of your payroll, bookkeeping, and accounting services. You can rest assured that come tax season, your financial statements and your business records will be ready to go. Your advisor will be available throughout the year to answer your questions and implement new strategies and systems as you continue to scale your business. It is a smart investment for any new business owner.

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