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Simple Matters: Adviser Eric Flett leveraged an accounting career to serve high-net-worth clients through his Concentric Wealth Management.
Growing up in the Bay Area east of San Francisco and Oakland, Eric Flett was introduced to the investment world by his grandparents. What started as a gift of stock in Del Monte and U.S. Steel became a life-long passion and, ultimately, the creation of Concentric Wealth Management.
Flett started his career as a CPA, but after several years of monotonous work, he became bored and had an epiphany.
“It turned out that one of the great lessons from my experience as a CPA is that I could look at companies and look at financial statements and determine whether they had a good business model and whether they would be profitable companies,” says Flett. “That has been invaluable in my career, and from that experience I have learned that some of the most profitable companies are the least glamorous and often most publicity-shy companies out there.”
Flett recalls how accounting became a natural segue into investment advisory as a profession.