Capsule: Robert Glovsky, Mintz Levin Financial Advisors

"I think it will be a little bit bumpy for the economy and the markets for the first few months of the year, but then we will gain some traction," Mr. Glovsky said. He thinks the second half of 2009 will be strong.
JAN 04, 2009
ROBERT GLOVSKY President Mintz Levin Financial Advisors LLC Boston Assets under management: $850 million Forecast: "I think it will be a little bit bumpy for the economy and the markets for the first few months of the year, but then we will gain some traction," Mr. Glovsky said. He thinks the second half of 2009 will be strong. "Right now, the new administration seems to be well-poised to do some decisive action that will help the economy. President-elect Barack Obama has surrounded himself with excellent people. I also think that will help consumer confidence tremendously," Mr. Glovsky said. The 2009 finish line: Dow: 10,000 Nasdaq: 1600 S&P 500: 950 Tip sheet: Favorite fund: Dodge & Cox Stock Fund (DODGX). Favorite sector: Energy. Next big thing: A major federal stimulus package. "I would have a concern if Congress underdoes it. And they should enact it as soon as possible, because it will take time to kick in," Mr. Glovsky said. Biggest concern: Investor panic. "My concern is that people are going to sit in cash and be afraid to go back into the market. That would be OK if they can live on less and work much longer before retiring. They need to understand there are trade-offs." Reading, watching, listening to: Book: "Team of Rivals" by Doris Kearns Goodwin (Simon & Schuster, 2006). Newspapers: The Wall Street Journal, The New York Times. TV: "This Week With George Stephanopolous" and "Meet the Press."

Latest News

Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans
Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans

Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B

Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state
Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state

“The state comes down on you in years when you make 40% returns for clients,” said Bill Swayne, the advisor and son of Candace Swayne.

Osaic in talks with Anthropic as AI reshapes advisor workforce
Osaic in talks with Anthropic as AI reshapes advisor workforce

The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO

The retirement milestone advisors aren't tracking
The retirement milestone advisors aren't tracking

For Gen X clients entering life after work, answering the financial question isn't enough to solve the entire retirement equation.

Wealthtech firms target stock pay, pensions and heirs for advisors
Wealthtech firms target stock pay, pensions and heirs for advisors

Tools from Grantd, Income Lab and Healthspan Wealth aim to keep RIAs involved in clients’ biggest money decisions

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.