David Westra serves as a Partner for MRA Associates. His primary focus is providing investment advisory and consulting services to corporations, non-profits, foundations, and individuals. David also serves as a member of MRA Associates’ Investment Policy Committee, Compliance Committee, and Management Committee.
David earned a Bachelor of Science degree in Business Administration from the University of Southern California and a Master of Business Administration from Columbia University. He is a CERTIFIED FINANCIAL PLANNER™ professional and holds the Accredited Investment Fiduciary® professional designation from the Center for Fiduciary Studies, which is associated with the University of Pittsburgh. The AIF® designation certifies he has specialized knowledge of fiduciary standards of care and their application to the investment management process. He also has a Certified Plan Fiduciary Advisor (CPFA) credential. This designation demonstrates his knowledge, expertise, and commitment to working with retirement plans. David has also received formal training in investment fiduciary responsibility.
Prior to joining MRA Associates in 2006, David spent four years as the Director of Finance for Avnet, Inc., where he managed the global finance and reporting functions for Avnet Logistics. Prior to that position, David worked in various finance and management roles at eFunds, Deloitte, and Bankers Trust Company.
David is currently a member of the Phoenix Chapters of the Financial Planning Association and Western Pension and Benefits. He is also active in a number of charitable organizations, including the Scottsdale Charros (President), Miracle League of Arizona (past board member and Vice President), and Arcadia Little League (past coach and board member). From 2014 through 2016, he has been named a Five Star Wealth Manager™1.
David resides in Phoenix with his wife and three children.
A safe harbor is a provision in law that provides protection from liability under specific situations or if certain conditions are met. In an effort to encourage companies to offer retirement plans to their employees, the Internal Revenue Service (IRS) and Department of Labor (DOL) offer a number of safe harbor provisions to protect plan sponsors.
On April 9, 2019, Principal Financial Group (Principal) announced that it had reached an agreement to purchase Wells Fargo’s retirement plan recordkeeping business.
Now is a great time to revisit your long-term retirement savings goals and the key components of your specific retirement plan. Here are five resolutions you may want to consider at the onset of the new year:
1All awards and rankings may not be representative of any one client’s experience because the ranking reflects a quantitative and/or qualitative analysis of factors that may or may not include a sample of the experience of MRA’s clients. The rating is not indicative of future performance. MRA did not pay a fee to participate.
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