The host of a renowned television show “Money Monster,” Lee Gates, picks hot stocks. During a live broadcasting, Kyle Budwell, a disgruntled investor, storms on the show. While taking Gates hostage, he tells him that he followed his investment tips, but lost everything.
Lee pleads with Kyle. His longtime producer who is in the control room is communicating with him through an earpiece. Brad Reifler asserts that although Money Monster is a fictional movie, it talks much about Wall Street.
Wall Street zeroes in on accredited (wealthy) investors. This way, these individuals can invest in different opportunities, which are not accessible by non-accredited investors.
Brad Reifler, the chief executive officer and founder of Forefront Capital, has made it his duty to provide middle-class Americans with the investment opportunities provided to the 1 percent. Previously, he was aiding the wealthy to get wealthier.
According to Bloomberg, Brad Reifler argues that small investors face three major challenges, which are high management fees, access to investments and stock market risks. Brad posits that most firms on Wall Street charge high management fees irrespective of how the portfolio of their clients performs.
This way, brokers are making more money regardless of their client’s success, which is wrong. Crunchbase revealed that Brad Reifler goes ahead to say that for a long time, non-accredited investors have been provided with limited investment options. The government considers accredited investors more intelligent.
To this end, they are allowed to invest in private funds and hedge funds. The limited investment opportunities that are availed to non-accredited investors are correlated to the stock market. This means that they are highly volatile.
Brad Reifler asserts that he founded Forefront Capital with the objective of enabling small investors to save for their future. Through his visionary leadership, the company has been able to create several successful subsidiaries, including Forefront Partners and Forefront Advisory, LLC.
Previously, Brad founded Reifler Trading Corporation and Pali Capital. The former engaged in the independent futures market. When he started the corporation, he largely focused on discretionary accounts.
Later, he expanded to global derivative advisory, institutional research, execution services and information dissemination. He sold the company to the largest futures corporation in the globe, Refco Inc. Pali was a sell side broker focusing on the competitive equity market.