Bonus time came early this year for one Fisher Investments private client group adviser in Texas.
Cory Youmans, a Fisher Investments vice president and investment adviser in Plano since 2013, caught Aaron Judge's historic 62nd home run of this season on Tuesday night in game two of the New York Yankees doubleheader with the Rangers at Globe Life Field in Arlington.
"The man who caught the historic Aaron Judge baseball, Cory Youmans, doesn't exactly need the money," a USA Today baseball columnist wrote last night on Twitter. "He is a vice president at Fisher Investments, which manages $197 billion worldwide. It may be the price of Judge's next contract."
Judge, a Yankees outfielder and designated hitter, broke the single season record for home runs in the American League, which was set in 1961 by another Yankees outfielder, Roger Maris, who hit 61 home runs that season.
Fisher Investments is one of the leading investment advisers in the industry and manages $165 billion, according to the company. A call to Youmans at the Fisher Investments office in Plano Wednesday morning was referred to the firm's public relations personnel. The call was not returned. Meanwhile, Youmans' LinkedIn profile had turned dark.
Grabbing the baseball could turn into a multimillion-dollar windfall for Youmans, who is married to local sports reporter Bri Amaranthus. Such souvenirs have at times fetched millions of dollars from wealthy collectors.
According to the New York Post, when Youmans was asked Tuesday evening what he was going to do with the ball, he said, "That’s a good question! I haven’t thought about it!"
When asked whether he was going to keep the ball or give it back to Judge, Youmans, who was sporting a Texas Rangers cap, appeared to answer, “I don’t know,” according to the Post.
For his part, Judge, a favorite to win the American League's Most Valuable Player award, sounded almost philosophical about the fate of the baseball.
“I don’t know where it’s at,” Judge said to reporters after the game. “We’ll see what happens with that. It would be great to get it back, but that’s a souvenir for a fan. He made a great catch out there, and they’ve got every right to it.”
IRAs now hold nearly twice the assets of 401(k) plans — and most of that money didn't arrive through annual contributions.
A new survey finds that many women prioritize financial security but continue to leave savings in accounts that may not keep pace with inflation.
Roundhill, Bitwise and GraniteShares funds remain on hold while the agency weighs how novel ETFs should be regulated.
"Shares of alternative assets managers have lagged this year as investors grow wary of private-credit exposure."
The fintech platform is touting a new AI-free Planning Observations feature, which draws on IRS tax records to uncover opportunities for advisors.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.