There are many parallels between the world of sports and business. Specifically, in the world of investing, where you’re constantly dealing with wins and losses. You are putting your ego on the line with every trade/game and you are only as good as you last one. Paul Mampilly was born in India and emigrated to America with very big dreams. He has certainly achieved them in his investing career, perhaps even surpassing them, possibly by a lot!
Paul Mampilly graduated from the New York University Polytechnic School of Engineering before starting off his investing career. He began as a research assistant at Deutsche Bank. He quickly moved up the ladder and later moved on to managing multi-million dollar accounts for Bankers Trust and ING. He was eventually recruited to be the key money manager for the $6 Billion hedge fund Kinetics International Fund, which during his time there rose to a $25 billion hedge fund. He averaged a 26% annual return while he was the top manager there. He also won the Templeton Investment competition in 2009 with a staggering 76% return, all this during the devastating financial crisis that was going on at the time and all without shorting any stocks. Those numbers are simply unheard of by Wall Street standards. He has since gone on to have even bigger years than his past averages.
Paul Mampilly walked away from the corporate world at the age of 42 with the intention of helping everyday investors achieve the same types of results that he attained for his many multi-millionaire clients over the years. Paul currently runs Profits Unlimited research service, an investment newsletter which has over 600000 subscribers and is growing at an incredible rate as ordinary investors are taking advantage of getting stock picks from this investing legend.
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Retirement, if not well planned, usually come with challenges that have the potential of sending retirees on a downward spiral not only financially but also socially. One of the leading causes of financial challenges for retirees is inadequate or lack of information on Social Security. A study on linkedin.com conducted by Nationwide Financial established that many financial advisors do not advise their clients on social. This is despite the fact that a large percentage of those sampled indicating that they would opt for a new advisor if their current ones do not offer advice on Social Security. According to president of Nationwide Financial, David Giertz, many financial advisors find the over 2,700 rules contained in the financial advisors’ handbook quite tasking to master. However, it is imperative that financial advisors offer this crucial service to their clients because they run the risk of losing clients. Additionally, it can lead to financial loss by retirees while also helping them optimize their income.
David Giertz, the current president of Nationwide Financial in charge of sales and distribution believes that financial advisors have an obligation to help their clients come up with a financial plan capable of maximizing the benefits of Social Security. His views are based on his over 30-year experience in the industry. During this period on soundcloud.com, he has worked for some of the largest companies in the industry including The Mutual Life Insurance Company and Citicorp Investment Services before joining his current employer in 2006. He has held numerous positions in the company’s divisions before taking up the president position in 2013.
David Giertz is a registered financial advisor who has passed four exams related to her profession during her over three decades in the industry. He is registered in over 15 states including Texas and Florida as a financial advisor. In addition, he is also registered with the Financial Industry Regulatory Authority as an investment broker.