Richard K. Colarossi, CFP®, AIF®
Founder & Principal
Richard is an investment advisor with Commonwealth Financial Network®. With more than 35 years of experience in the financial services industry, Richard holds the CERTIFIED FINANCIAL PLANNER®â€¯certification issued by the Certified Financial Planner Board of Standards, Inc. This certification holds financial planners to a strict standard of ethics and professional knowledge.
In addition, Richard has earned the Accredited Investment Fiduciary®â€¯(AIF®) designation. The AIF®â€¯designation represents a thorough knowledge of and ability to apply fiduciary practices. AIF®â€¯designees have a reputation in the industry for the ability to implement a prudent process into their own investment practices as well as others in implementing proper policies and procedures.
While attending the State University of New York, College at Old Westbury, Richard received a BS in accounting and finance and holds a certificate in financial planning from the Advanced Program of the School of Continuing Studies at C.W. Post College. Richard has also studied behavioral economics and finance theory at NYU School of Professional Development in 2010.
A career in financial planning also serves as an opportunity to become a financial educator. Richard has frequently lectured on retirement and distribution planning. He has appeared as a guest speaker on the television program Dollars & Sense to discuss advanced business planning, including buy/sell agreements and pension plans. In addition, Richard has been published in the Wall Street Journal, the Journal of Financial Planning, Financial Planner Magazine, InvestmentNews, and Long Island Business News.
The role of an independent financial planner is to help individuals and business owners understand their current situations, define future goals, and develop a strategy that is flexible and will help enable them to reach their objectives. Richard has helped provide people with meaningful solutions to a wide range of financial matters, including investment management, retirement planning, risk management, tax planning, and qualified and nonqualified retirement plans.
With access to a broad array of services, resources, and other professionals, Richard will always work within the best interests of his clients. His reputation of integrity coupled with an effort to forge long-term bonds with his clients truly makes him a partner in their financial lives.
A long-time resident of the town of Islip, Richard currently resides there with his wife, Rosalie, and daughter, Jessica. He continues to remain active in many community and school organizations.
Richard Colarossi is proud to have been recognized as a President’s Level advisor for 2025—a distinction based on annual production that places him among the top 22 percent of advisors affiliated with Commonwealth Financial Network.
Each year, Commonwealth, the broker/dealer–RIA that helps us process investment transactions on your behalf, recognizes President’s Level advisors by inviting them to an exclusive gathering of their peers, leading industry experts, and Commonwealth home office staff. President’s Level advisors benefit from an intensive learning and networking experience designed to help them hone their expertise, share best practices, and provide ever-higher levels of service, education, and leadership to their clients.
Joseph Torre, CFP®, ChFC®, AIF®
Managing Partner/Financial Advisor
One of the great pleasures of being a financial planner comes from really getting to know and engage with people. Having the pleasure of learning about an individual’s life goals, interests, activities, and hobbies is always an engrossing experience. Whether it’s a conversation about Italian cuisine, books, or perhaps my favorite topic, 1970s progressive rock, the pleasure derived from these conversations is unparalleled. In fact, my love of prog-rock runs so deep that I spent five years playing drums in a Jethro Tull tribute band. If you dig through YouTube or Facebook far enough, you’ll find me there somewhere. 
My financial planning career began toward the end of 2009 after spending the prior year working as a substitute teacher in math. Suffice it to say that moving to a career in finance was much less noisy. The environment was certainly different, but I felt very comfortable with the change. I suppose you can say that numbers always spoke to me. Within a few years, I was promoted to analyst, and in February 2020, I completed the Accredited Investment Fiduciary® (AIF®) program. My career as an analyst was going quite smoothly, then the pandemic came…
At the start of the pandemic, my wife was four months pregnant. In August 2020, our little boy came into this world, a world that seemed so strange and confusing compared to the world we had known only six months prior.
One night, my wife and I found ourselves sitting together on the living room couch. It was around midnight and we started to have a deep conversation about the future. If you can believe it, having a child changes what you want out of life. As we talked about what would be best for our new family, it was at that moment that I knew I wanted to take my career to the next level by becoming a financial planner.
Once the decision had been made, my goal to be the best advisor I could possibly be led to my pursuit of the Chartered Financial Consultant®â€¯(ChFC®) designation. After a full year of rigorous study, some sleepless nights, and an overwhelming amount of Peet’s coffee, I passed the program and attained the designation in October 2023. The celebration was short lived though as I immediately began to study for the CERTIFIED FINANCIAL PLANNER®â€¯exam. Cue the no sleep and constant influx of coffee. While challenging, it was all worth it as six months later, I was proud to call myself a CFP®â€¯practitioner. As an added bonus, I learned that having a 3-year-old in the house doesn’t exactly foster an ideal studying environment.
Outside of my work, I enjoy reading a wide variety of subjects. During a period in which I found myself glued to books on psychology, I sat down to write my first published article “An Alternative to the Risk Profile Questionnaire.” I also love early morning exercise, watching the Yankees and Rangers, making tomato sauce (fresh basil only and, if you really want to splurge, Mutti brand tomatoes), and, most of all, playing the drums. If you happen to call and want to talk drums, be prepared because we’re probably going to be talking for quite a while.  And yes, Ringo was a great drummer.
This is my story. I look forward to meeting you and learning yours.
Kyle Abele
Financial Analyst
Kyle began his financial services career in 2017 after graduating with a bachelor’s degree in finance from Iona College in December of 2016. Over that seven-year period, Kyle worked as a Financial Analyst at a local financial planning firm. Kyle joined Colarossi & Williams in September of 2024 as a financial planning analyst to further enhance our financial planning, investment and operational capabilities.
Kyle’s passion for finance, statistics and analytics, coupled with his background in the financial services profession, makes him a valuable addition to our firm and our clients.
Kyle is now pursuing additional credentials to further enhance is already extensive skill set.
In his free time, Kyle enjoys spending time with his family and friends as well as traveling and attending sporting events. Originally from Massapequa, NY, he is an avid Mets fan, movie watcher and enjoys his summer weekends playing golf and going to the beach.