Your Partner for Bookkeeping Services and Operational Support
Contact Us: 888-631-8922

Client Profile: Online Trading Academy

April 27, 2015 / by Leslie Jorgensen posted in Client Profiles, Hudson Valley


It's exciting to work with businesses that are innovators in their field. That's why we're so happy to count Online Trading Academy as one of our clients.

Luis Molina, managing director of our Hudson Valley office, has worked with Online Trading Academy in Norwalk, Conn., since last September. The company, which has about 35 locations worldwide, offers financial education to help consumers make smarter investment decisions.

Steve_FlegeSteve Flege (pictured to the left) has owned Online Trading Academy's Norwalk (formerly Stamford, Conn.) franchise since 2012. He learned about Supporting Strategies through Molina, who took classes there. "They've been an extremely good client," said Molina. "They follow the Supporting Strategies process without hesitation, and we appreciate that they've recommended us to other franchises within their network."

Flege was kind enough to answer a few questions for us recently …

Tell us about your students.

"They come from every walk of life. These are people who are interested in generating some extra income or feel like they could do a better job managing their retirement savings than someone else."

How's business — is your franchise growing?

"Business has been great. We've tripled our business — revenue and profitability — over the past three years. We had to move from Stamford to Norwalk to get more space. Classes are full, and things are really humming."

Before Supporting Strategies, how did you handle your bookkeeping?

"My assistant Rachel would take all our receipts and put that information into QuickBooks. My accountant would then clean up QuickBooks each quarter. But that wasn't a good use of Rachel's time, and it was costly to have an accountant do that kind of work.

"Luis did an audit of the business and came back with a plan. It looked good from a cost perspective, so we signed on. It's worked out great. Luis manages QuickBooks, updating the information in real time, rather than once a quarter. Now I have confidence that I'm basing my business decisions on information that is accurate and timely. Plus, Rachel can focus on our students, our classes — the important things that drive our growth."

Would you like to add anything else?

"The amount of attention I'm getting from Luis has been impressive. I get an appropriate number of emails from him each week, keeping me updated on his work and asking questions when necessary. Overall, I'm seeing a level of benefits from this arrangement that I hadn't expected."

Read More