Divam N. Mehta

Divam N. Mehtaage 32

Founder, Mehta Financial Group

Fast Facts

  • Has a pet turtle, who is nameless
  • Wanted to be an archaeologist growing up
  • Would like to retire in Venice, Italy

Born in India, Divam Mehta was five years old when his family arrived in the United States. His focus as an adviser is on families in similar circumstances, first- or second-generation Indian immigrants who came to the United States for a shot at a better future for their children.

One of the biggest hurdles he faces is the internet and so-called robo-advisers. The former has given license to anyone who wants to claim that they are an investment-advice expert, while the latter, said Mr. Mehta, may lure clients with the promise of the lowest fees but generate poor investment results.

It’s hard for clients to focus with all that noise out there, said Mr. Mehta, 32. That’s where he steps in.

“It’s better to work with someone who knows the family structure than to depend on an algorithm,” said Mr. Mehta. “The vast majority of my clients are either first or second generation immigrants. It’s important to design a plan they can execute and give them something they can actually work on step by step so they can see the progress.”

“They have no idea of the U.S. tax structure, investment landscape or what they can do to progress on their financial journey,” he said.

His largest outreach is through seminars to people in the Indian community. Mr. Mehta graduated college in 2005, worked at a large Wall Street bank as a research analyst and eventually opened his eponymous practice in Glen Allen, Va., in 2010. “I had more passion for the client side of the business, particularly because there is so much misinformation” on the internet about financial advice, he said.

– Bruce Kelly


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