Heights financial advisor celebrates 20 years

Cleveland Heights Edward Jones Financial Advisor David Lavelle.

David Lavelle, a financial advisor in Cleveland Heights, began his investing career at an early age, when he wanted a five-speed bicycle and his father told him to “get a job!” Lavelle saved $10 a week delivering the Plain Dealer to 50 households in the Heights, and not only was able to buy his bicycle but had money leftover to invest for college. He learned at an early age the value of owning shares in a good company over a meaningful period of time.

After graduating with a bachelor’s degree in psychology from DePauw University, Lavelle, a Heights native, established the Cleveland Heights office of Edward Jones in 1994. His first office was in the basement of the Heights Medical Building where he spent 15 years building his business, and meeting clients throughout the community. “I met one of my first clients on their morning walk back on Shaker Road in 1994,” said Lavelle.

Giving personal attention to his clients and building deep, long-standing relationships is what Lavelle finds most rewarding about his job. In 1996, Lavelle met a longtime Cleveland Heights resident who had three young girls and was busy saving for their college education. Today, the girls, who have babysat Lavelle’s children, are in college, venturing into their first jobs and turning to Lavelle for investment advice.

“This is what I love about my job,” said Lavelle, “when a client comes to me and says, ‘I want you to tell my kids what you told me 20 years ago on the importance of saving and investing.’ ”

Lavelle, who lives in Cleveland Heights with his wife, Ann, and three children, is an active member of the community. He has served on the board of trustees for the Shaker Lakes Nature Center since 2007, and on the Estate Planning Advisory Council at Case Western Reserve University since 2006. He also has served as vice president of the Cedar Fairmount Business Association and as capital campaign leader for the Gilmour Academy Class of 1989. 

“This is what is great about living in the Heights,” said Brendan Ring, owner of Nighttown. “The opportunity to not only live in the Heights and raise your family here, but build a business from the ground up right in the heart of this community. I’ve known David for many years. He’s been integral to the preservation and growth of our Cedar Fairmount Business District and has been a great supporter of our nonprofit organizations over the past 20 years.”

A registered CFP® (certified financial planner), Lavelle has more than 300 families and business owners as clients. His office is located in the historic Heights Center Building in the Cedar Fairmount Business District.

Julie Conrad

Julie Conrad is a marketing and PR consultant helping David Lavelle, Edward Jones financial advisor, celebrate 20 years in the Heights. 

Read More on Business
Volume 7, Issue 6, Posted 5:55 PM, 05.29.2014