Stock Options

A Death-Rattle for ‘Two-and-20’ in Private Investing

IPO allocations are the pits if you are a financial adviser.  You indicate a 50,000-share interest in the new offering. Then, on the day trading begins, you may get 100 … Continue Reading →

Two and Twenty

The Client Strikes Back at Hedge Funds

The California Public Employees' Retirement System is no longer a fan of hedge funds. I never was. But our reasons aren't exactly the same. With $295 billion in assets, Calpers … Continue Reading →

Wealth Power Glory

The Lure of Wealth, Power and Glory

As my readers know, I spent much of my career in private wealth management with several of the iconic Wall Street brokerage firms. Now, in addition to my novels, I … Continue Reading →

Authors on Main

Authors on Main

Last Sunday I spoke at the Contemporary Theater in Wakefield, RI. My appearance was part of the Authors on Main series, one of the many local offerings that make South … Continue Reading →


Stirring Up a Potion for Referrals

"My business is all referrals." I hear this claim from financial advisers a lot, and I'm skeptical. My team managed over a billion dollars. We received our share of endorsements. … Continue Reading →