Since the 1990’s the financial services industry has gone through massive changes. The demographic shift caused by the Baby Boomers, and their desire to be well prepared for retirement, has caused Wall Street to shift from investment managers to investment product salespeople.
As a result, investors are often offered the same, piecemeal approach to their portfolios. However, this is becoming a problem for many investors.
Stock market crashes, like that of 2001-2002 and 2008-2009, can stall the growth of a financial plan for 10 years or more – – a serious problem for investors in their 40s, 50s, and 60s.
Investors want solid investment strategies to help them grow in rising markets and be protected from major market drops — a concept that seems to be ignored by most of Wall Street.
Riverbend Investment Management was created in 2006 to fill this void. We manage money for clients across the US using tactical and adaptive investment strategies.
We believe a proactive and adaptive strategy is the best way to invest for stable, long- term growth in today’s market.
Why I Started Riverbend
Over the course of my career in finance, I have witnessed two major upheavals in the markets that have drastically and negatively affected investors’ portfolios… and in many cases, the lifestyle they wished to live.
During the tech bust, most of those affected were young entrepreneurs who were able to start over again and find success.
But the second bust — in 2008 — saw too many people near or at retirement getting wiped out. In many cases, those affected by the tech bubble had ignored advice and gotten greedy.
But in 2008, most of the investors were following the traditional advice of the Wall Street marketing machine and still got burned.
For over 20 years in the financial industry, I have worked for Morgan Stanley and Oppenheimer, earned some impressive “VP” titles, and learned from some of the “best” on how to look after your own interests and those of the firm. I also learned that the traditional advice about investing (buy and hold for the long term) was a great way for the firms to make money, but not always in the best interest for clients.
With that epiphany, I decided in 2006 that I would never again be beholden to a firm. I knew there was a better, more independent way to run a successful business while looking out for the best interests of my clients. So I started Riverbend Investment Management and have never looked back.
Since then, I have worked tirelessly to create a tactical system of investing that takes into account all of the resources available to me: computer modeling, historical trends, and seasonal patterns, as well as the day-to-day news that affects the markets.
No longer tied to the Wall Street marketing machine, my firm can implement tactical investment models that first and foremost is about making money for our clients — short term, long term, through bubbles and busts.