Ricky Biel, CRPC®
A 22-year veteran of the financial services industry, Ricky is responsible for directing the growth, vision, strategy, and alternative investment offering for Favor Wealth.
While it was a Christmas without presents as a 12-year-old that first attracted Ricky to the idea of being firmly in control of his financial life, a desire to provide unbiased, client-centered, community-based financial advice keeps him focused on his mission in the day-to-day. Ricky and his team of caring, smart professionals want their clients to feel like they’ve done them a favor, making it easier than ever to accomplish their financial goals by blending proven investment methodologies with creative financial technologies.
After becoming one of the youngest assistant branch managers at Wells Fargo at the age of 19, Ricky earned the Chartered Retirement Planning Counselor℠ certification and gained considerable experience working with accredited investors and alternative investments, including hedge funds, commercial real estate, private equity, and energy-related investments as an advisor with American Express Financial Advisors (now called Ameriprise). In 2004, he and business partner, Chris Haydel, left Ameriprise to found HBA Wealth.
After much growth and a deeper understanding of his passion and mission, Ricky founded Favor Wealth in 2022 so he could care even more deeply about his clients’ lives, dreams, needs, and fears and go out of his way to make sure they’re on the right track for the future they desire and deserve. Ricky and his team of caring, smart professionals want their clients to feel like they’ve done them a favor, making it easier than ever to accomplish their financial goals by blending proven investment methodologies with creative financial technologies.
Ricky is active in the Pasadena community and loves arranging opportunities for Favor Wealth to support the efforts of charities such as the YWCA of Pasadena, Day One, UNCF (United Negro College Fund), Academy of Special Dreams, Union Station Homeless Services, Ronald McDonald House, Friends in Deed and Children of the Night. When he's not working or volunteering, you can usually find Ricky doing something active. He enjoys traveling, kickboxing, swimming, riding his bike, hiking, flying, and dancing with friends and family as well as the occasional relaxing evening at home with his family.
Getting to Know Ricky
Favorite food: Crunchy peanut butter and jelly sandwiches, chocolate milk, Mexican food (especially Mexican sweet bread)
Best financial advice: Save money and it will save you.
Favorite quote: “Every man dies, but not every man truly lives.” – William Wallace in Braveheart
Favorite movie: Braveheart
Favorite holiday: Halloween
Something on Ricky’s bucket list: Travel to see the Egyptian pyramids, the Great Wall of China, and Machu Picchu.
Biggest accomplishment: Owning his own investment firm and being successfully self-employed for the past 20 years