All posts by MarketMan

How to Pick a Wealth Manager

Individuals who have a a significant amount of wealth seek advisors to present them with the best options to maintain their assets. One such example of that kind of company would be Stephen Murray CCMP Capital. To accomplish this goal, high net worth individuals retain experienced attorneys, accountants and a cadre of financial advisors. The area of financial advisors are becoming more and more specialized and a new group of wealth managers have emerged which are catering to the needs of the wealthy. Wealth Managers Are Becoming A Select Breed

Selecting a wealth manager is a process much like selecting a fine wine. One needs to know their tastes and what they desire in a wealth manager. There is no one perfect formula for organizing one’s finances and setting an investment strategy for one to consider. What smart individuals do is to select wealth managers and financial advisors that have listen to their needs, questions and concerns and can share common experiences. The selection process in this manner is more for a gut feel with regard to whether one will have a long term working relationship with an advisor who understands the individuals risk tolerance and their goals for the future. This may be a trial and error process and the wealthy individual show not be afraid to change course when they feel they are heading in wrong direction. The wealth manager’s vision should match that of the client’s and regardless of what the market is doing or what products the investment house has to offer.

The Average Rent In San Francisco Is $4,225 A Month

Renting an apartment in San Francisco can be a budget breaker for most Americans. It’s no secret. The Bay Area is a great place to live, but it comes with a price. A recent study shows the median rent in San Francisco is $4,225 a month. That’s a hefty price to pay for city-living, but people love San Francisco and are willing to pay the price. Trying to find a place to live in the city is the main challenge. There may be a lot of high-paid tech workers in the area, but even those well-off urban lovers are looking elsewhere to live.

Cnet broke the story, saying the people in Oakland, Berkeley, Emeryville and San Jose are also going through renter’s shock. Prices in those areas are up anywhere from 14 percent to 30 percent. It seems the water reduction plan hasn’t run people away from California. Off course the water supply in Northern California is in better shape than in So-Cal.

The question most Bay Area lovers are asking is when does it end? When do rents stabilize? The answer is when people realize that paying almost $60,000 a year for a small apartment is the definition of insanity.

IMF Suggest That Federal Reserve Wait Until 2016 To Raise Rates

International Monetary Fund (IMF) Managing Director, Christine Lagarde, stated at a news conference in Washington D.C. yesterday that the U.S. Federal Reserve should wait until at least the first half of 2016 before deciding to raise interest rates. Associate Mikal Watts cites that inflation still remains too low and there are still a number of significant uncertainties regarding the future resilience of global economic growth as well as U.S. economic growth.

The IMF noted that the U.S. economy shrank in the first quarter, requiring the agency to also cut its forecast for U.S. economic growth in 2015 to 2.5% from 3.1% in originally set in April of this year. IMF Suggests That U.S. Federal reserve Wait Until 2016 to Raise Interest Rates

The IMF’s suggestion runs counter policy to public statements by the Federal Reserve that the u.S. central bank would probably raise its rates later this year. The bench mark rate has been close to zero since the end of the 2008 financial crisis.

Federal Reserve Chair Janet Yellen has also stated that these developments are at least transitory, and U.S. officials expect inflation to creep back toward the fed’s 2% goal in the medium term, or at least by the end of 2016. Fed Chair Janet Yellen also has said that the Fed doe not need to see inflation really pick up but it must be confident that it will actually do so in the “medium term.”

Dr. Rod Rohrich Gives His Opinions on the Changing Face of Plastic Surgery

The field of plastic surgery is constantly evolving as new products and techniques find their way onto the market and are practiced by surgeons around the world. In recent years one of the most respected and best loved surgeons in the US Dr. Rod Rohrich has been called upon more and more to offer his personal insights and opinion into the many options that are available to patients around the world. Dr. Rohrich was recently asked to give his opinion into a product known as Kybella that offers a surgery free way of reducing fatty deposits under the chin. Rohrich provided his opinion and gave some background based upon the research he has completed in recent years into the aging of skin and the level of safety in the use of such techniques for patients and surgeons alike.


Rohrich began his breakdown over the use of Kybella by explaining that each and every patient is different and should have the procedure that best suits their needs. Kybella is given as an injection into the area beneath the chin to break up fatty deposits, Rohrich explained that this is not a procedure every individual should undertake, but those with deposits of fat that do not sag beneath the chin may benefit from its use. Dr. Rohrich has been a long term supporter of finding the best procedure to meet the needs of the individual and tailoring a plastic surgery procedure to the individual needs of the patient to avoid problems during and after the procedure is completed.
Dr. Rohrich explained that much like the use of Botox, it is always a good idea to invest in the right medication and the correct professional to complete the process. Botox is available in different quality grades and often leaves patients unhappy when they receive a discounted price on the product and have it administered by anyone other than a medical professional. The leader in plastic surgery at UT Southeastern believes the key issues facing the field are the continued use of professional medical staff to administer procedures and the safety of patients throughout every procedure undertaken.

Thieves Steal Taxpayer Data from IRS

The IRS announced that thieves have accessed more than 100,000 tax returns, through online IRS-sanctioned software.

Technicians became suspicious of the “Get Transcript” system when the request for taxpayer transcripts began to rapidly increase.

“Overall, the thieves made approximately 200,000 attempts that originated from suspicious email domains, and a little over 100,000 successfully made it pass our authentication system,” the agency said.

The online service is a convenience for taxpayers needing copies of tax information, instead of waiting in line at an IRS office or receiving a copy in the mail.

The guys at Boraie Development were surprised that the IRS has temporarily shut the system down.

The total number of fraudulent refunds this year is still inconclusive, but the IRS says it’s less than $50 million.

Yet, thieves can utilize the information from this latest breach to claim future taxpayer refunds, as well as cause mayhem in identity theft issues.

In 2015, the IRS successfully blocked 3 million questionable returns.

Big Banks Are Caught Cheating the System Again and Bernie Sanders Has A lot to Say About It

Bernie Sanders has never been a fan of big banking but now he has even more ammo to use against these long standing financial insinuations. Five big banking corporations must pay more than $5 billion in restitution and have also plead guilty to several crimes. Banks such as JP Morgan Chase and Citigroup were found guilty of manipulating interest rates and currency exchanges in order to increase profits, exactly the kind of activity which led to America’s great recession.

Sanders has been advocating for the destruction of the big banking system for decades and claims the banks are at the heart of our financial problems as a country, and as a world in our new global economy. And even though the banks have yet again plead guilty to serious crimes against the American public, no one is really being held accountable. Sure, they have to pay billions of dollars in fines but no one is losing their job or going to prison, which is where most people go when they commit these sort of crimes.

As a presidential candidate and long time Senator, Sanders is using his position of power to speak out against the big banks saying, “Today, the six largest financial institutions have nearly $10 trillion in assets, equal to nearly 60 percent of our gross domestic product. Madison Street Capital recently alerted the folks at that they control more than two-thirds of the credit card market and one-third of the mortgages.  These huge institutions are not only involved in fraudulent activities, they have grown even larger and more powerful since the Wall Street crash of 2008.  They are not only an ongoing threat to taxpayers, but a burden on our entire economy.”

Kevin Seawright Hopes to Improve the Lives of Newark Citizens

Kevin Seawright has recently been announced as the new leader of the Newark Community Economic Development Corporation, PR Newswire reports. Seawright is a well known figure to those who have their finger on the pulse of community programs and local government leadership in the northeast of the US. The man newly appointed by the Newark CEDC has held many positions within the City of Baltimore government as he assisted in improving the financial and community based image of the city. Seawright has spent a large amount of his career in Baltimore and is often seen as one of the reasons the city saw an increase in financial savings and community outreach during his period of time as a city official.

The Newark CEDC is now hoping the same levels of success can be transferred to his work in New Jersey where the organization is hoping to improve its success rate at providing financial and real estate improvements to the lives of its citizens. Under the leadership of Seawright the Newark CEDC is hoping to improve the number of real estate developments it provides loans and advice for, including those to improve existing buildings to provide a kick start to struggling neighborhoods. Entrepreneurship is another area Kevin Seawright and the Newark CEDC will be hoping to see a great increase in the number of programs begun. The CEDC provides advice and funding options to small business within the community and is looking to the private sector skills of Seawright to improve performance in these areas.

Bernardo Chua: How His Company Is a Global Success

Organo Gold is a global gourmet coffee shop founded by Bernardo Chua, in 2008. His mission is to to spread his knowledge of Ganoderma to all four corners of the world, partnering with thousands during the process. Ganoderma is a mushroom that contains antioxidants, used in Chinese medicine for hundreds of years. Among coffee, other products offered include toothpaste, soap, tea, and vitamins. All of which are infused with the Ganoderma herb, resulting in scientifically developed products which are both healthy and tasty.

Bernardo Chua delivers his products using a distribution system which shares a portion of every dollar with the world-wide Organo Gold family. By recently opening a branch in Turkey, he marked the 39th country in which he has overseen opening of his company. With an estimation of the of the 2015 year at 1 million distributors and an 800 million dollar revenue, it is safe to say his company has been a major success. Bernardo uses a network-marketing approach. This means by promoting Organo Gold products and selling them on a regular basis, a domino effect occurs. When a distributor is successful, it affects the team and company both in the same positive way.

Bernardo Chua and two of his Organo Gold associates recently took a trip to the capital of the Philippines, Manila. It is here in which all three received a prestigious Dangal ng Bayan Award. The Philippines is Chua’s home country, and this award is given in recognition of achievers who motivate other Filipinos to succeed in business all over the world, as well as excellent Filipino products. Organo Gold received two People’s Choice Awards.

After seeing how successful his products were in the Asian market, Chau expanded to the Western world. He is lucky he did because Organo Gold is now the 55th biggest direct selling company around the globe! Another factor that has had a huge impact on his success is his value for educating both his distributors and consumers. Chua has based his company out of Canada because of their reputation of strict guidelines when pertaining to businesses and products. He believes this is good for his company’s image. For more information about Bernardo “Bernie” Chua, follow him on twitter!

Sultan Alhokair: A Driving Force Behind Angel Investments

One of the most important parts of any business start-up are Angel Investors. An Angel Investor provides the initial capital to get a start-up off the ground and can provide invaluable knowledge of business practices. However, they are not there to hold your hand or do your job for you.

Sultan Alhokair, a graduate of Northeastern University with a degree in Financial Accounting, Small Business Management and Family Business Management, is a Venture Partner with Valia Investments, otherwise known as an Angel Investor. He looks specifically for new businesses that meet the ideal requirements of a new start-up.

Alhokair believes that new business start-ups must have realistic potential. As an investor, Sultan Alhokair looks at five year plans because it shows the company has a clear cut idea for the future and a tangible model of success. Another important aspect he looks at is the competition. There is always going to be someone up and coming or someone already selling what you are proposing. For that reason, knowing everything about the competition determines how the seed company can respond as well as if the start-up is worth the investment.

Another vital part to any seed company, according to Sultan Alhokair, is the creativity behind the business or product. The company must be unique and there must be a clear cut reason why this new company’s product is the most ideal option. To Alhokair, being an Angel Investor means looking for profitability as well as sustainability.

Besides being a Venture Partner with Valia Investments, Sultan Alhokair uses his business savvy as the current Project Manager of Retail Group of America where he works in fashion retail. Alhokair believes that brand identity, network notoriety, and the available products are the most important factors when dealing with fashion retail. Therefore, he works with a myriad of department stores to increase earning potential, focusing on those three specific areas.

The driving force behind Sultan Alhokair is his vested interest in in the people behind the money. Alhokair is truly an Angel Investor, looking to help companies with a compelling story and solid return projections.

Haidar Barbouti: An Experienced Commercial Real Estate Developer

A Sophisticated Profession

Today, professional commercial real estate development sometimes requires property managers to develop expertise in several specialized fields. The career of the successful Houston real estate magnate Haidar Barbouti illustrates this trend.

Why must a capable manager of commercial property possess a broad knowledge base? Working in one of the most sophisticated areas of real estate practice, these individuals must acquire the skills and knowledge to enable them to handle a wide array of complex issues on a daily basis.

Wearing Many Hats

For example, Haidar Barbouti came to national attention as a result of his successful management of Highland Shopping Center in Houston, Texas. Educated at Columbia University, he purchased the mall some two decades ago and soon assumed personal responsibility for developing a thriving commercial environment for the retailers locating there. Today media articles refer to the shopping center as “venerable” and “one of the most coveted retail centers in Houston”. What types of skills must a property manager demonstrate to achieve that high level of performance in promoting a commercial center?

He classifies his responsibilities as involving several fields: lease negotiations, daily operations, redevelopment and portfolio management. Each area appears vital to the future prospects of a shopping center.

The Nuts and Bolts of Success

By developing expertise in the real estate commercial rental process, Mr. Barbouti attracted key tenants to the shopping center, enterprises capable in turn of drawing significant numbers of visitors to their storefront. And shoppers who visits one retail establishment likely check out others in the vicinity, as well. This cascade of interest ultimately enhances the business opportunities available to Highland Shopping Center’s merchants.

Similarly, smooth day to day business operations in a mall greatly enhance customer satisfaction. As part of his effort to operate the Houston shopping center, Haidar Barbouti spent considerable time there, overseeing the administration of the facility.

He even went so far as to construct his own restaurant, Up, on a new upper level of the shopping center. His enterprise offers a venue for fine dining in Houston, a step exemplifying the importance of the third aspect of commercial property management, redevelopment.

Finally, Haidar Barbouti lists portfolio management as an important skill. He did not neglect this area.