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.”
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.