En garde, fund managers

Focus and strategic ability are important skills for a financial industry leader, and Keith Hartstein, president and chief executive of the $54 billion John Hancock Funds of Boston, has found a unique way of honing these talents — by fencing.
AUG 18, 2008
Focus and strategic ability are important skills for a financial industry leader, and Keith Hartstein, president and chief executive of the $54 billion John Hancock Funds of Boston, has found a unique way of honing these talents — by fencing. In fact, Mr. Hartstein, 52, who has been practicing the sport for just three years, recently won a national competition and a spot as the first alternate for the Veterans World Cup competition, to be held in Limoges, France, in October. "It's important to have a mind-set that you can achieve whatever you set your mind to," he said. At the sport's summer national championships in San Jose, Calif., Mr. Hartstein finished third in the men's ages 50-59 saber competition — his best finish ever. The most challenging part of the competition came during the quarterfinals, he said. "I started focusing on the next move, then the next," Mr. Hartstein said. "It was that kind of focusing on the problem at hand — and not worrying about the ultimate outcome — that was important." Earlier in the season, Mr. Hartstein took seventh place in Richmond, Va. He finished fifth in the national point rankings for the season, earning him the first-alternate slot. An avid cyclist, Mr. Hartstein took up fencing because his twin 18-year-old sons, Kevin and Taylor, were involved in the sport. "I had always coached them in Little League and soccer," he said. "They said, 'If you want to help us, you have to learn how to do this.'" Mr. Hartstein joined a local fencing club and learned how to fence with foil, epee and saber swords. After a year of epee, he took up the saber and began competing in local and regional tournaments. The physical and strategic demands of fencing appeal to Mr. Hartstein. "You have to outwit your opponent, outguess them and bait them to do something you want them to do," he said. Mr. Hartstein and his family visited Beijing for several days during the Olympics, including, of course, the finals of the men's saber competition last Tuesday. "You always learn something from observing," he said.

Latest News

Merrill lands four advisor teams as May recruiting data shows firm's two-way churn
Merrill lands four advisor teams as May recruiting data shows firm's two-way churn

Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.

Fund manager sues Kandeo, alleges $100 million FinSocial loss
Fund manager sues Kandeo, alleges $100 million FinSocial loss

The $36 million buy allegedly hid inflated books and a $50 million diversion.

Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit
Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit

“An award citing emotional distress is very unusual,” an industry executive said.

Workplace financial education linked to stronger financial habits, but participation remains low
Workplace financial education linked to stronger financial habits, but participation remains low

New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.

The rise of the super advisor: How AI is redefining competitive advantage in wealth management
The rise of the super advisor: How AI is redefining competitive advantage in wealth management

Beyond operational excellence, the winning advisors of the future are the ones who can reach across multiple disciplines without discarding specialist skills.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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