Money Monster seems like a movie of our times. A charismatic stock guru slings out investing advice on TV only to incur the wrath of an investor who took him to be a financial wizard, and he takes the show hostage in order to uncover the truth behind the lies he so readily believed. It says a lot about current anxieties surrounding the finance and money in general that Money Monster has attracted so much attention. In many ways, the regulations surrounding investing are set up to give the most wealthy among us all the advantages and keep most of the 99% from being able to access any investment options at all. CEO of Forefront Capital Brad Reifler is one of the few financial advisors who’ve made strides to help the average American access investment options, and he’s pointed out the reasons why it’s such a rarity.
When it comes to Wall St., part of what keeps them appearing as though they understand markets is the fact that they’re wealthy. But part of what keeps them rich are the fees that are paid out to them regardless of the results they manage to produce for their clients.
This boost in one’s annual income allows them to reach the status of accredited investor, which allows them an air of authority, allowing them to invest in private equity and funds regardless of their level of knowledge in investing.
With these rules in place, too many investors will continue to make a profitable living from investing the money of others regardless of what they’re able to do for their clients, making the relationship between the two parties imbalanced and many from being able to invest at all. The longer that continues, the more distrust will grow concerning Wall St.
Bradley Reifler is the founder and CEO of Forefront Capital Advisors, offering financial services through its many subsidiaries to influential clients all over the world. This has allowed Forefront to develop an impressive portfolio that is maintained through personalizing business relationships.
With a structure that helps more people access investment plans, Bloomberg writes that Reifler has made it possible to mitigate risks at lower expense in the market. Be sure to also follow Brad on Twitter @Bradley_R.