All too often when lower income individuals try to find investment options that work for them, they’re limited in those options due to limited funds available to invest, or for lack of accreditation. Often they hear what the experts on television tell them to invest in, and sometimes that advice doesn’t work out the way they planned. Brad Reifler understands this, and noted that the storyline featured in the movie, Money Monster can be all too true in that regard. Reifler is working hard to find better investments for these people and bring them into the alternative investment fold when others are leaving them behind.
Brad Reifler didn’t always cater to these non-accredited investors, he used to be a hedge fund and portfolio manager whose clients mostly consisted of fortune 500 and top 1% clients. He started back in 1982 with Reifler Trading company, a company he founded after graduating from Bowdoin College and that started off as a discretionary accounts manager, but evolved to one of the world’s largest futures company. He founded his second company, Pali Capital in 1995 which became a differentiated strategy company for hedge fund managers and used unique approaches to executing trades and sell-offs tailored to client needs. Brad Reifler sold that company in 2009 and founded Forefront Capital, a company that evolved from serving the wealthy clients to including lower income investors.
Brad Reifler had two experiences that led him to turn Forefront Capital into an all-inclusive investment firm in recent years. His first happened when he was relatively new to investing and wanted to setup a college savings fund for his two young girls, but discovered the investment hadn’t reached the level that was promised when he started investing. And later, he tried to help his father invest in an IRA plan that was reliable and could earn a lot of interest by the time it matured. But with his father’s lack of accreditation, regulations kept him from investing in a good fund. So he setup a fund for non-accredited investors that can be invested in for as little as $1,0000. He’s currently working with the SEC to open up even more options for non-accredited investors.