Brad Reifler, an American serial entrepreneur, and financial advisor worked hard during his early career days which saw him accumulate experience and success. The skills he amassed over the years helped him open several successful companies.
Truth about Wall St and Money Monster Film
Money Monster is a fictional film but to some extent reveals the actual status of Wall Street and the woes of the small investors. For a long time, Brad Reifler has dedicated his career to helping the rich amass more wealth. However, he switched positions and now focuses on helping the majority, non-credited investors.
This new position was seen when he revealed the truth about the film, Money Monster. In his review, he pointed three problems; the government has always viewed the non-accredited investors as less intelligent hence giving them limited access to hedge money.
Wall Street overcharge management fee regardless of a company’s portfolio which in turn lead to brokers getting rich regardless of clients success. Limited access to investments to non-credited investors result in them ending in the correlated stock market.
Brad, who is a grandson to Ray E. Friedman, the founder of Refco Company, opened his first company in the 80’s, Reifler Trading Company. The business started as a financial management institution whereby it managed millions of dollars in discretionary accounts.
Later, it evolved to offer services such as institutional research, execution services, information dissemination, and global derivative advisory. Before it was sold to Refco Company in 2000, it had grown to become the largest futures company.
Financial Services Career
Brad Reifler used his professionalism in the financial advisory to found Pali Capital in 1995. The company was a broker-dealer focusing on equity markets.
Through this company, Brad Reifler was able to capture the hedge funds, but instead of doing the obvious, advising on the funds on what to buy and sell, he took a different strategy whereby he combined the idea with credit analysis and derivative structures.
Through the new approach, he helped clients on how to articulate and execute the plan. According to Bloomberg, Brad Reifler served as the CEO of Pali Capital from 2009 to 2013 and during this time the company has realized massive growth, employing over 300 employees and achieved over $1 billion income commission.
Additionally, the company expanded its services to include Australia and the UK. It currently has several subsidiaries including Forefront Partners and Forefront Advisory, LLC.
Learn more about Brad Reifler: http://www.huffingtonpost.com/author/bradreifler-226