Frank L. Washelesky, CPA, JD, CVA, PFS
Chief Compliance Officer
P 312.670.6235 | F 312.858.5950
Frank Washelesky is a CPA with a Personal Finance Specialist designation and an attorney with more than 30 years of experience representing closely-held businesses, their owners and executives.
Frank’s main focus is on advising clients through the diverse stages of their careers. He works with individuals and entrepreneurs on personal financial planning, estate and retirement planning, including business exit planning strategies.
Frank is considered a thought leader in his field, both lecturing and authoring articles on estate and personal financial planning, business succession planning, business valuations, choice of entity and other tax issues.
Frank Washelesky is a CPA with a Personal Finance Specialist designation and an attorney with more than 30 years of experience representing closely-held businesses, their owners and executives.
Frank’s main focus is on advising clients through the diverse stages of their careers. He works with individuals and entrepreneurs on personal financial planning, estate and retirement planning, including business exit planning strategies.
Frank is considered a thought leader in his field, both lecturing and authoring articles on estate and personal financial planning, business succession planning, business valuations, choice of entity and other tax issues.
Frank works with young professionals and entrepreneurs to organize, protect and build wealth. As wealth grows, Frank helps continue their success through tax efficient investing strategies.
As clients reach retirement, Frank provides a deep understanding of personal estate and financial planning, including gifting and charitable gifting strategies and business exit planning expertise.
Frank loves exploring and encountering challenging milestones. He enjoys photography and outdoor activities with his family. They can often be found hiking, camping, fishing and canoeing near Starved Rock, where Frank was raised, and throughout the Midwest. Frank and his family also enjoy geocaching around the city and wherever they are visiting.
- XPX Chicago – Impact of Tax Reform on Business Owners, Chicago, IL, February 22, 2018.
- XPX Chicago – Case Study and Discussion: Accounting and Valuation, Chicago, IL, April 6, 2017
- Important Financial Issues as You Age, ORBA, Chicago, IL, October 27, 2015
- Certified Exit Planning Advisor
- Certified Public Accountant
- Certified Valuation Analyst
- Illinois Life and Health Insurance License
- Personal Financial Specialist
- American Institute of Certified Public Accountants
- Chicago Bar Association
- Exit Planning Institute
- Illinois CPA Society
- National Association of Certified Valuators & Analysts
- Treasurer, Alliance for the Great Lakes
- B.S., Accountancy, Northern Illinois University
- Juris Doctorate, DePaul University College of Law
Five Good Reasons to Turn Down An Inheritance
You may use a qualified disclaimer to refuse a bequest from a loved one. Doing so will cause an asset to bypass your estate and go to the next beneficiary in line. What are the reasons you would take this action? Let’s take a closer look at five reasons.
Taxable Versus Tax-Advantaged: Where to Hold Investments
When investing for retirement or other long-term goals, people usually prefer tax-advantaged accounts, such as IRAs, 401(k)s or 403(b)s. Certain assets are well suited to these accounts, but it may make more sense to hold other investments in taxable accounts.
“Carve your name on hearts, not tombstones. A legacy is etched into the minds of others and the stories they share about you.”¹ Shannon L. Alder The desire to leave a legacy may be the height of altruism, for it is a gift to the future; you may never witness the benefits of it nor […]
A Brief History of Estate Taxes
Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded. Tip: Regardless of your net worth, it is critical to understand your choices when developing an estate strategy. In 1797, Congress instituted a system of federal stamps that were required on all wills offered for probate when […]
Various Media – ORBA Wealth Advisors Announces Launch
ORBA Wealth Advisors, LLC was recently mentioned in the media for announcing the official launch of the firm. Reporting media include PR Newswire, Verdict, Wealth Adviser, Market Place and Townhall Finance. Click here to view the press release.
ORBA Announces the Launch of Wealth Advisory Subsidiary, ORBA Wealth Advisors, LLC
Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, is pleased to announce the opening of its new wealth advisory subsidiary, ORBA Wealth Advisors, LLC, an Independent Registered Investment Advisor (RIA).