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Financial Advisor, Philanthropy

George Soros Bounces Back In 2016 after His Political Spending Free In 2004

The real time net worth of the Hungary-born billionaire stands at $25.2 billion according to Forbes. George Soros, together with his family fled his country at the time of Nazi’s occupation and settled in London. He used the income he earned as a railway porter and waiter to see himself through the London School of Economics before starting his finance career at a merchant bank. George would later move to New York and started trading on Wall Street, an experience that challenged him to open his hedge fund worth $12 million in 1969. The hedge fund was later rebranded and took up the name Quantum Fund. He is well known for making an impressive profit in 1992, together with Stan Druckenmiller. George Soros established the Open Society Foundations. Many years down the line and George Soros presses on as far as making heavy investments is concerned – through the Soros Fund Management. SFM is a family office that boasts of assets worth $30 billion. George Soros recently appointed Dawn Fitzpatrick, a prominent professional in Wall Street, to manage his investment portfolio as the SFM’s chief investment officer. Soros has been supporting liberal causes for the longest time. Forbes terms him as a fierce critic of the current US President Donald Trump.

An article published in Politico on July 2016 revealed yet another rise by George Soros. He promised to offer over $25 million in support of Hillary Clinton’s campaign, as well other Democratic candidates and causes. George Soros had dialed back his giving after spending $27 million in 2004 aimed at ensuring the defeat of the former president George W. Bush. Besides coming back as the leading funder of the Democrat politics, George Soros bounced back as the leading boogeyman of the conservatives. Apparently, his support for Clinton was just occasioned by the desire to prevent Trump from becoming the president, but also by the fact that he has been friends with Clinton for 25 years. Other people who made donations to the Democratic Party include Tom Steyer, a San Francisco environmentalist who gave $31 million, Don Sussman, a New Yorker hedge funder who donated $13.2 million as well as the media moguls Fred Eychaner and Haim Saban who gave $11.1 million each.

Read more: http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267

Towards the end of June 2016, George Soros committed $7 million to a super PAC, Priorities USA Action, which was in support of Hillary Clinton. Information available on the FEC records also revealed that Soros offered $2 million to an opposition research super PAC, the American Bridge 21st Century, and $700,000 to a number of Democratic Party Committees, campaigns, and PACs. Soros committed $5 million to yet another super PAC, Immigrant Voters Win, whose primary objective was to increase the voter turnout of the Hispanic community particularly in the key swing states. During the time that George Soros dialed back his giving, he shifted more of his philanthropic attention to his international foundations. Over the past three decades, he donated over $13 billion to nonprofit organizations and groups that are focused on defending the human rights, reshaping the democratic process of the Eastern Europe, and expanding access to education and healthcare in the United States and across the globe.

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Financial Advisor

Financial Expert David Giertz Discusses Importance Of Social Security In Retirement

David Giertz, the President of Nationwide Financial Distributors, recently had a sitdown interview with Veronica Dagher of the Wall Street Journal. The interview focused on how most financial advisors don’t talk to their clients about social security. Giertz said this is a huge mistake on their part due to two main factors; the importance social security plays in retirement and because of client retention issues on moneytips.com.

A survey on angel.co that David Giertz’s company recently completed shows that most people will switch financial advisors if theirs doesn’t discuss social security with them. Just from a retention standpoint it’s thus very important to do so, however, most financial advisors don’t because of the sheer complexity of social security rules means that they don’t feel confident about the issue at https://twitter.com/davidgiertz. The second main point that Giertz made is that as pensions increasingly don’t exist any longer social security payments make up a large part of most people’s retirement income – up to 40% for many retirees. Social security is too important to not discuss.

David Giertz has been with Nationwide since 1999. Prior to this, he worked for Financial Horizons Security Corporation for 4 years starting in 1989 and for 6 years he worked as a financial adviser at Citicorp Investment Services. David Giertz graduated from Millikin University with a degree in Business Administration and Management in 1986. In 2003 he earned his MBA in Business Administration and Management from the University Of Miami – School of Business.

As the president of Nationwide Financial Distributors David Giertz is responsible for the strategy and distribution of the company’s financial products including retirement plans, annuities, life insurance, mutual funds, and specialty markets. Their financial products are sold through banks, financial firms, and independent brokers and dealers.