Business Spotlight: Al Cicotte and Kevin Palombo - American Tax & Insurance Services

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Photo courtesy American Tax.

Al Cicotte and Kevin Palombo are the 14-years and running faces of American Tax & Insurance Services in Wilton Manors.

But other than their titles (president and investment advisor rep, respectively) you’d be hard-pressed to separate the two, and their 13-year-old mini-pinscher Tiny.

The couple first met while attending college in the Detroit area.

“He was the first gay guy I met,” said Cicotte. “We went on a quasi-blind date in Detroit and he took me to my first gay bar,” he said of the 1986 encounter.

The two have been together ever since. They got married in February.

Their careers started in financial planning and advisement. In 1990, the couple became senior executives with Jackson National Life, working for the company in Charlotte and Atlanta before moving to Fort Lauderdale in 2004.

“At Jackson we offered clients a whole range of portfolio options,” Palombo, 57, said. “Our business philosophy changed when we moved to Florida, in that we used to target clients from 18 [years old] to 80, but now we concentrate primarily on the senior market,” he said.

Cicotte, 63, added that part of the strategy is offering low risk, conservative investments.

“Whether you’re a Democrat or Republican, I don’t think anyone anticipated the stock market would do so well under Trump,” Cicotte said. “But if Trump gets impeached tomorrow, you’re not going to lose 50 percent of your money with us. For the average American, trying to invest in the stock market is a losing proposition,” he said.

Cicotte said his clients appreciate the safety, as most of them are on the cusp of retirement or are already there.

Their office, with five employees, is located in the Wilton Executive Suites at 2312 Wilton Drive.

 

By the numbers

  • 500 clients
  • 85% are gay and lesbian
  • $150 million in investments managed

For more, go to AmericanTaxAndInsurance.com.


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