Peter Garcia is the founder and CEO of GBS Financial and My Legacy Group. With over twenty four years dedicated to the insurance and financial services industry, he began his career with Merrill Lynch International Private Client Group, one of the world’s leading wealth management and advisory organizations. There he offered sophisticated investors insightful investment advice, customized solutions and responsive service. Working in Caracas, Venezuela as a Private Banker for over ten years, he dealt with high net worth individuals and provided customized advice and solutions from a wide range of global investments, cross currency financing, tax reducing strategies and multi- generational estate planning services.
Upon his return to the United States, he joined New England Financial to continue his career in insurance and financial services. While there, he developed a strong business relationship with GBS Group, a highly reputable accounting firm in South Florida, working primarily with the Venezuelan entrepreneur community. He eventually merged his practice to be in closer proximity to the accounting firm and founded GBS Financial, a privately owned insurance and financial planning firm, becoming an independent insurance and financial advisor.
Working primarily with business owners, and high net worth clients, he began a business relationship with Heritage Living Trust, a national estate planning and legal documents company. His business continued to grow and accelerate as he integrated tax savings strategies, estate and retirement income planning to his growing clientele.
In the process of continuously expanding educationally and professionally, Peter mastered the principals of the Infinite Banking Concept, a process utilizing time honored economic principals, US tax laws and the provisions of life insurance contractual guarantees to build wealth safely and predictably in any economic environment by “becoming your own banker”. Integrating this concept into his practice has allowed him to teach many clients to learn how to manage their money like a Fortune 500 CFO.
In 2008, Peter also became an Authorized Bank On Yourself™ Advisor. Combining this concept with his experience as a retirement income planning strategist, he has been able to help hundreds of people learn and implement this cash flow and debt management system and combine it with guaranteed lifetime income strategies to help his retired and pre-retiree clients build wealth safely and predictably without the need to take excessive risk in the stock or real estate markets. His financial services firm now operates under the name of My Legacy Group.
Peter began implementing the Values Based Financial Planning philosophy to his practice in order to provide his high net worth clients comprehensive financial planning through this unique business model. He’s brought together his team of subject matter experts in the areas of financial planning, institutional money management, insurance, tax and estate planning.
Peter was featured as one of America’s PremierExperts® on the Consumer Advocate television program that will air on ABC, NBC, CBS and Fox affiliates throughout the country this spring. He was also featured as one of America’s PremierExperts® Financial Trendsetters in Newsweek magazine.