Brad Reifler is a person who’s starting to break the norms of Wall Street and the usual 1% dominated markets of investing. He himself used to service clients primarily from that demographic, but he’s seen things throughout his life that have changed his perspective on who he should cater to.
One event was seeing the film, Money Monster which highlighted some of the problems in the current financial landscape.
First, Brad Reifler calls for an end of investment managers simply making a profit off of investors regardless of whether they make or lose money with investments, and he wants more transparency and accountability for these managers and brokers.
According to Bloomberg, Brad Reifler also warns people about putting all their money in stock market funds because all investments there will be subject to the ups and downs of the market. He also advises investors to plan their investment objectives and stick to them the whole way through. Learn more about Brad Reifler: http://www.marketwired.com/press-release/brad-reifler-and-forefront-capital-introduce-forefront-income-trust-1975993.htm
PR News Wire stated that Brad Reifler’s career started after he graduated from Bowdoin College. He founded a discretionary accounts and independent futures company, the Reifler Trading Company in 1982. He owned this company for nearly 20 years before completely selling the shares to Refco, Inc. He also founded Pali Capital in 1995 and turned this company into a highly successful hedge fund management company.
The company opened offices on four different continents and turned an income worth billions before Reifler sold them in 2008. Forefront Capital was founded in 2008 and had become the biggest success yet with fortune 500 companies and wealthy clients, and then Reifler formed Forefront Income Trust with investment options for unaccredited investors.
What prompted this move was a time that Brad Reifler had tried to help his father out by finding investment options for a retirement fund for his life savings. He had trouble doing so because his father was not accredited and regulations at the time were very strict on such investments.
So at Forefront Income Trust, Reifler started public investing funds that only required investments in the thousands of dollars to start, and he continues to work with the SEC to lower regulations for more middle class investors.