What’s the best advice you’ve ever received? I once received sage advice from Gene Fama Jr. “Money is like a bar of soap, the more you touch it, the less you have.” A witty quote to be sure, but it is also an important part of our investment “creed” here at Loring Ward.
Why do you do what you do? As a young teen, I remember my mom balancing her meager checkbook at the kitchen counter. She was raising two boys on a teacher’s salary; every cent mattered. At sixteen, I watched as an unscrupulous broker locked in his commission by selling my mom a product she really didn’t need. This was a transformational moment for me. When I joined Loring Ward in 1990, I was very pleased to find a firm with strong values aligned with my own. I am so happy to be part of a firm that helps change the world by empowering Financial Advisors to provide the authentic and personal financial advice—not product sales—that so many investors need.
What do you feel most grateful for in life? Outside of work I enjoy spending as much time as possible with my lovely wife Karen and our kids. They help me navigate what’s really important and instill a wonderful sense of purpose in my life that I hope I bring to work with me every day.