As a managing director of investments with Wedbush Securities, Inc., Allison Clago provides high-net-worth clients with assistance in diverse areas of asset management, ranging from retirement investment to educational planning. Moreover, Allison Clago is a philanthropist who focuses on initiatives that benefit the community. Among other endeavors, she supports the California Lutheran University Scholarship Society and recently provided a $4 million contribution to the Providence Tarzana Medical Center Foundation.Over the decades, her family has relied on the care provided by Providence Tarzana for a wide range of matters. She underwent treatment for breast cancer at the hospital, and her father received cared there during his peaceful last days. Providence Tarzana is in the midst of raising funds for a $540 million expansion and redesign of the hospital, called the Tarzana Reimagined project, which is intended to meet the needs of a growing local population. The project includes a new and expanded Emergency Department and major improvements to the Women’s Pavilion and neonatal intensive care unit. In addition, new parking structures will be added, and the lobby, garden, and visitor reception area will be redesigned.In describing the motivation for her gift, Ms. Clago emphasized the importance of Providence Tarzana in reaching out to diverse members of the local community, including those without the means to otherwise afford quality care.
Allison Clago is a Southern Californian financial executive who provides client-centered services as a managing director of investments with Wedbush Securities, Inc. Among Allison Clago’s areas of extensive knowledge are tax-advantaged education funding plans such as 529 Plans and Coverdell IRAs.Both plans are similar in rewarding account holders, not with federal tax deductions at the time of contribution, but through tax-free withdrawals at the time of use for qualified education expenses. With Coverdell IRAs capped at a $2,000 annual contribution per beneficiary, 529 Plans offer a significantly larger $14,000 annual contribution cap, with high total savings limits. Unlike Coverdell IRAs, money contributed to 529 Plans is revocable, which means that it can be withdrawn (with penalties and taxes applied) in emergency situations. In addition, it does not carry with it the Coverdell's adjusted gross income limit of $95,000 for single filers, or $190,000 for joint filers, for full contributions. Despite their limited size, Coverdell IRAs offer certain advantages, including a wider range of investment choices and fewer account-associated expenses. In addition, their applicability extends beyond the higher education uses provided for by 529 Plans and includes all levels of education.
Based in Southern California, Allison Clago engages as Wedbush Securities, Inc.’s managing director of investments and provides knowledgeable asset allocation and portfolio planning solutions. Maintaining a strong community focus, Allison Clago recently made a major philanthropic gift to the Providence Tarzana Medical Center Foundation, and she also supports the Virginia Robinson Gardens.Situated on a historic estate dating back to the early 20th century, the former residence of department store owners Virginia and Harry Robinson was the first luxury estate built in Beverly Hills. Located on six acres behind the Beverly Hills Hotel, the property was deeded to Los Angeles County after Virginia Robinson’s passing and emerged as a botanical garden open to the public under the guidance of Francis Ching.Taking advantage of an unusually mild microclimate, the botanical garden has played a vital role in providing a home for seedlings from the tropics, as they become acclimated to Southern California’s unique soil and climate. The property also features 40-foot king palms and mature groves of kentias, which are usually encountered as potted plants. With the hillside property featuring areas of shade and light, senses other than sight are cultivated through fragrant gardenias and lemon blossoms and the tranquil sound of flowing water.
