Business Beat

February 15, 2013
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Weichert’s Rumson Office Recognizes Top Associate


RUMSON – Jack Waters, regional vice president of Weichert, Realtors, announc­ed that Patricia Caruso of the Rumson office was recognized for her exceptional industry success during the month of January.

Patricia Caruso

Patricia Caruso

Caruso led the region, which is comprised of offices throughout Middlesex, Mon­mouth and Ocean counties, in resale dollar volume. She can be reached in Weichert’s Rumson office at 30 Ridge Road of by calling 732-747-8282.

A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance. For more information, Weichert’s customer service center can be reached at 1-800-USA-SOLD. Weichert franchised offices are independently owned and operated.


Olson Named to Master’s Club at Morgan Stanley Wealth Management


RED BANK – Morgan Stanley as announced that Christopher Olson has been named to the firm’s prestigious Master’s Club, an elite group composed of the firm’s top financial advisors.

Olson is a senior vice president, financial advisor and chartered retirement planning counselor in the Morgan Stanley Wealth Management office in Red Bank.

The appointment recognizes Olson’s consistent creativity and excellence in providing a wide range of investment products and wealth management services to his clients.

Olson, who has been with Morgan Stanley Wealth Management and its predecessor Smith Barney since 2008, currently lives in Fair Haven with wife Kathryn and three children.

Morgan Stanley Wealth Management provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust services.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The firm’s employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries.

For further information about Morgan Stanley, please visit



Area Woman Receives Recognition within Retirement Plan Industry

RED BANK – Jamie D. Greenleaf, principal and lead consultant of Cafaro Greenleaf, was recently selected by the Allianz Global Investors Center for Behavioral Finance to participate in an exclusive program.

The program turns behavioral finance concepts into actionable solutions that can significantly improve the overall outcomes of defined contribution (DC) retirement plans.

She is one of fewer than 50 financial advisors nationally who have earned the Certified Behavioral Finance Analyst™ (CBFA) designation. This certifies her to conduct PlanSuccess audits –part of a system designed to boost the behavioral health of DC retirement plans.

“I am very pleased to have been selected for this important program. It speaks directly to our focus of assisting clients fulfill their fiduciary responsibilities, while helping their plan participants reach retirement with dignity,” Greenleaf said. “It is always so rewarding to see our continuous and diligent efforts in offering the highest level of expert advice and enhanced services to our plan sponsors and participants be recognized.“

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Cafaro Greenleaf has been professional retirement plan advisors and consultants to corporate, public, and institutional clients since 1981.

Additional information about Cafaro Greenleaf is available by visiting


Nilson Realtors’ Rumson Office Top Producing Office in 2012


RUMSON – Gloria Nilson Realtors, Real Living’s office in Rumson closed more than $240 million last year and was named the top producing office in Monmouth County in 2012 out of more than 560 real estate offices operating in the county.

“We’re very proud of our talented Rumson team for their dedication and commitment to Monmouth County,” said Pat Bell, president at Gloria Nilson. “This office has been a leading producer for our company for decades and we congratulate them on their continued success.”

In clear contrast with the national average home price of $299,700 in November, the average home sale for the Rumson office in 2012 was $1,036,474. The office anticipates bettering these numbers in 2013 with the recent data shared by the U.S. Department of Commerce indicating that home prices are on the upswing.

“We’ve been the leading real estate office in the county for more than 20 years,” Rumson office manager PJ Rotchford said. “The average agent on our team has been in the industry for more than 22 years, and coupled with the extensive training and continuing education Gloria Nilson Realtors offers, they understand how to support individuals in the market for a new home or those looking to sell.”

For more information about buying or selling real estate or joining Gloria Nilson REALTORS, Real Living, Rumson office, visit the company’s web site at



Heritage House’s Pento Ranked No. 1 in Holmdel

HOLMDEL – Mary Burke, president and broker of Record of Heritage House Sotheby’s International Realty, and Karen Saltzbart, branch manager, are pleased to report that Frank Pento of the Holmdel office achieved the highest sold volume for Holmdel properties that closed in 2012, according to data from the Monmouth/Ocean County MLS.

Frank Pento

Frank Pento

Pento is a well-known name in the Holmdel market for having listed and sold many of its outstanding properties not only in 2012, but also over the past few years. He continues to maintain a commanding market share of listings and sales throughout Monmouth County as well and was recently awarded the NJAR® Circle of Excellence GOLD Award for 2012. His superior market experience and knowledge are what keeps him in the top 1 percent of real estate agents selling in Monmouth County.

His previous accolades include the NJAR® Circle of Excellence SILVER Award in 2011 and BRONZE level in 2005, 2006, 2008 and 2009, in addition to being a consistent top producer in the Holmdel office. An advocate for continuing education in the real estate industry, Pento has proudly earned the Accredited Buyer Representative (ABR) designation.

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Pento can be contacted by email at or by telephone at 732-946-9200. The office is located at 4 S. Holmdel Road.


AH Chamber Selects New Officers and Board, Plans Events for 2013


ATLANTIC HIGHLANDS – The Atlantic Highlands Chamber of Commerce has announced its 2013 Board of Directors and Officers.

The officers for 2013 slate are: Chuck Lero of Two River Community Bank as president; Mickey Rast of Weichert Realty as vice president; and Jane Olcott of Better Homes and Garden Realty as treasurer. The board members for 2013 are: Marc Fragale of EMedia Nation; Chris Kousouris of Town and Surf Diner; Bob Sherman of Sherman and Sons Jewelers and Meredith Paltz of Vintage Variety Shop.

This voluntary group will continue to strive in its efforts to enhance the business environment of Atlantic Highlands and the surrounding community.

The Atlantic Highlands Chamber of Commerce has many exciting events planned for 2013, including The Taste of Atlantic Highlands on Sunday, June 2. The event is expected to be an exciting culinary tour of borough and vicinity during which participants can sample a cornucopia of foods at area restaurants and get a chance to visit stores that offer unique wares.

The event, which will be held from noon to 5 p.m., will feature free transportation, provided by The Great American Trolley with stops at all locations on a “hop on – hop off” basis. Tickets will be available at various locations beginning in May.

Also planned is the Classic Car Show to be held from 11 a.m. to 5 p.m. June 8 and back by popular demand. The show will feature incredible “rides” on First Avenue. A total of $500 in cash prizes will be awarded. There will be something for everyone including free goodie bags, musical entertainment, automotive and local vendors displaying their wares, balloons and face painting for children and surprise character appearances. Registration for car owners will begin at 8:30 a.m. on the day of the event. The rain date will be is June 9. The vent will be free to spectators.

The chamber of commerce will also be sponsoring the Atlantic Highlands Farmer’s Market on First Avenue. It will begin held from noon to 6 p.m. Fridays from May 10 through Sept. 6 in Veteran’s Park, across from Borough Hall. As always, the market will be open in time for Mother’s Day and will offer an assortment of flowers and plants for spring planting. here will be an assortment of produce, herbs, honey, pickles and relishes, ethnic products, baked goods and more. The market was rated one of the three-top farmers markets by Monmouth Health and Life.

Additional information about the Atlantic Highlands Chamber of Commerce is available by visiting; calling 732-872-8711; or emailing to

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