Current airline captain and also financial advisor specializing in providing financial assistance to
fellow airline pilots in their pre and post retirement planning.
Glenn Nevola has been an airline pilot since 1986 where his career started with People Express
Airlines, which merged with Continental Airlines in 1987 and was then merged with United
Airlines in 2010. He is currently based in Newark as a 737 captain.
In addition to being a pilot, he operated the financial arm of a real estate firm that purchased,
renovated, rented, marketed, bundled and sold to investors over a 12-year span. He was
personally responsible for over 300 closing during that timeframe.
More recently he was a former financial advisor with Morgan Stanley in NYC where he acquired
his Series 7 and Series 66 licenses. He brought over to the firm a concept and business model
that would assist retiring airline pilots with post - retirement wealth management. This was, in
part, augmented by the fact the mandatory retirement age was recently changed from age 60
to age 65 for commercial airline pilots. When Morgan Stanley hired him, the oldest of these
pilots were then approximately 63 years of age. His unique position of living in both worlds –
flying and finance - provided him the ability to market to his niche in direct target marketing
from one of their own. He also has skin in the game, as he is a pilot, who participates in the
retirement plans on which he advises and as such is in similar models as many of his clients.
As time went on at Morgan Stanley a decision was made, based on many factors such as
compliance restrictions, inability to market and assist younger pilots with their desire for 401(k)
management and general restrictions on building out the business model, to split off and create
his own financial services firm, Flight Line Financial, LLC (FLF) – a registered investment advisor
based in NJ. FLF is also licensed in NJ for insurance enabling the firm to provide annuity
counseling. This created a win - win scenario for further growth by allowing FLF to focus on 2
distinct groups of pilots – younger pilots, less than age 59 ½ and older pilots over age 59 ½. For
the younger group, FLF provides asset allocation strategies incorporating diversification, dollar
cost averaging and rebalancing options to pilots for a flat annual fee. Also discussed with this
group includes topics such as Roth vs. non-Roth, 529’s, max contribution limits, 415 (c) limits,
spousal accounts and other general financial topics. For the older pilot group, FLF has affiliated
with a leading wall street firm for post-retirement financial planning. Wealth management
services provided include many aspects such as creation of post retirement financial
distribution plan, trust and estate planning, diversification, allocation, hedged equities, bond
structuring, long term care, etc. The firm FLF is affiliated with has been in the wealth
management business since the 1970’s and manages over $2 billion in assets from individual
Glenn has the unique position of living in both worlds – flying and finance. He interacts with his
target market every time he is at the airport or on a trip. In numerous businesses, owners pay
substantially for leads in their specific target market, such as mailing lists, calling lists, email lists, etc. Additionally, servicing the younger pilots creates pipelines for future rollovers.
Currently FLF manages approximately $250 million in assets across approximately 200 clients.
After the airlines terminated their traditional pensions, the unions were able to negotiate increased contributions into pilots’ 401(k) plans. The highest contributions by any...
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