One Of The World’s Top Financial Advisors Says This Is The Best Way To Invest Your Money

By on March 31, 2017 in Uncategorized

Forbes
By Kevin Kruse, CONTRIBUTOR

Would you like to cut through all the Wall Street bull and know the right way to invest your money? There’s so many people out there telling you they know what’s best, from the financial media to whoever’s playing on the hot trend of the moment. But who really has it right?

Leland Faust is an author, speaker and a triathlete — and he’s also the founder of CSI Capital Management, where he used to supervise over 1.5 billion in assets for 30 years. He’s been named a Barron’s Top 100 Mutual Fund Manager, and was more recently named as a Top 100 Independent Investment Advisor. His new book is A Capitalist’s Lament, which unmasks the Wall Street firms as entities that mislead us, overcharge us, and often expose us to too much risk. I really encourage anyone who’s interested in not just their own money but literally the future of America to read this book.

Investors Lose Retirement Protections

By on March 9, 2017 in Uncategorized

San Francisco Chronicle
By Leland H. Faust

Donald Trump ran on a populist platform. That is, when he was not ranting about immigrants bringing in drugs or raving about his TV ratings. As for government, he promised to drain the swamp in Washington. We’ll see. But what about the swamp on Wall Street? Not so much. Exhibit A: administration plans to derail the fiduciary rule for retirement plans. Apparently, the noxious greed of the nation’s financial establishment is safe from Trump’s dredging, in this case, at the expense of retirees, many who voted for him.

Leland Faust Featured on C-SPAN

By on March 9, 2017 in Uncategorized

C-SPAN

A Capitalist’s Lament Leland Faust talked about his book A Capitalist’s Lament: How Wall Street Is Fleecing You and Ruining America, in which he argues that regular Americans are being fleeced and exposed to high level risks by Wall Street financial firms that are only interested in increasing their own bottom line. Mr. Faust spoke with Roy Eisenhardt.

Financial Advisor Writes Book

By on March 9, 2017 in Uncategorized

Sports Business Journal
By Liz Mullen

Leland Faust, who has spent more than 30 years as a financial adviser to hundreds of athletes, has written a book that takes on Wall Street practices.

“A Capitalist’s Lament: How Wall Street Is Fleecing You and Ruining America,” published by Skyhorse Publishing, will be available online and in bookstores today.

A Capitalist’s Lament: How Wall Street Is Fleecing You and Ruining America

By on March 9, 2017 in Uncategorized

Stockerblog – The Stock Market Blog

Rarely have I found a non-fiction book that is a page-turner, but the book A Capitalist’s Lament: How Wall Street Is Fleecing You and Ruining America is one of those books. The author, Leland Faust, goes into detail about how investors are being taken by Wall Street.

Don’t get the author wrong. He is not anti-capitalist, he is what I would call pro-moral capitalist (which is also how I would describe myself, by the way). He is just bringing to light all the ways that the average person is being taken advantage of, on a financial basis.

Although I am familiar with what he covers on a general basis, the author covers the specifics, everything from over charging to fraud. For example, Chapter 2, called Big Is Not Beautiful, is significantly devoted to Goldman Sachs. He points out 37 different instances of fines, security violations, and other issues of the firm.

Pros and Cons of Closed-End Funds

By on March 9, 2017 in Uncategorized

U.S.News & World Report
By Jeff Brown

Most investors know how mutual funds work: investors’ money is pooled and used to buy assets like stocks and bonds. If all goes well, the fund’s share price rises and investors can cash out by redeeming, or selling their shares back to the fund company.

Share price, or “net asset value” (NAV), is figured by the fund company after the market closes each day, by dividing the total value of the fund’s assets by the number of shares outstanding.

But there’s an alternative — closed-end funds, or CEFs.

You’ve Raised the Money, Now How Do You Keep It?

By on March 9, 2017 in Uncategorized

Daily News
By Mel and Pearl Shaw

Editor’s note: Part one of a two-part interview with Leland Faust. Financial management and investing is critical to the sustainability of nonprofits. As a board member or trustee you have a fiduciary responsibility. But how do you fulfill that responsibility? What do you need to know as it relates to financial management and investment?

To get some perspective we talked with Leland Faust, the founder of CSI Capital Management. In addition to degrees from the University of California (economics) and Harvard Law School, Faust managed over $1.5 billion in assets from 1978 through 2011. Barron’s has named him four times to its annual list of top 100 independent investment advisers in the country.

FUNdraising Good Times: Five Guidelines For Managing Nonprofit Funds

By on March 9, 2017 in Uncategorized

Insight News
By Mel and Pearl Shaw

Part two of a two part series: An interview with Leland Faust

What would you do if you were responsible for reviewing financial management policies for your nonprofit?

What would you do if asked to vote on a change of investment firms? What questions would you ask?

These are issues nonprofits grapple with all the time. Some of us have experience in the realm of investment selection and fund management. Most of us do not. One person who is experienced as both a nonprofit board member and an investment advisor is Leland Faust. Faust has been nationally recognized four times by Barron’s as one of the country’s top 100 independent advisors. He is also the author of the forthcoming book “A Capitalist’s Lament: How Wall Street Is Fleecing You and Ruining America.”

Believe it or not, professional athletes are actually underpaid

By on October 20, 2016 in Uncategorized

Sports Illustrated
Written by Leland Faust

In June, Forbes published its annual list of the world’s highest paid athletes. Of the top 25, nine are Americans employed by teams in the NBA or NFL. At first glance, $77 million in total income for LeBron James — he of the World Champion Cleveland Cavaliers and arguably the greatest basketball player on the planet — seems like a lot of money for someone who “plays” a game for a living. But as is often the case, things are not what they appear. In reality, James and many other athletes are actually wildly underpaid — specifically when it comes to their on-field salaries.

Please let that sink in for a moment.

James, who recently signed the first ever lifetime contract doled out by Nike — a deal that reportedly could pay him as much as $1 billion if certain shoe and apparel sales metrics are met — makes most of his money off the court. He made about $23 million to play about 100 games last season in Cleveland.

And he will be underpaid this season at about $31 million because that’s the maximum allowed under the collective bargaining agreement. Crazy, right? Not necessarily. I have provided investment advice and legal counsel to well over 500 professional athletes over the course of my career (over 100 All-Stars), and I have given this a lot of thought, so let’s explore some of the reasons why he’s underpaid.

Wells Fargo’s fraud and why big banks keep getting away with bad behavior

By on October 12, 2016 in Uncategorized

Daily News
Written by Leland Faust

Not long ago, the Consumer Financial Protection Bureau exacted its largest fine ever — $185 million — from Wells Fargo Bank for defrauding over 1 million customers. Sounds like a lot of money. But as President Nixon might have said on his secret audiotapes, revealed during the Watergate investigation, “Big f—ing deal.” Paying such a fine is viewed by too many major financial institutions in much the same way — not as a painful punishment but rather as a routine cost of doing business. Life goes on uninterrupted.

Uncharacteristically in this escapade, 5,300 employees were fired. (Hey, they systematically defrauded customers.) But with one exception, no one in the upper echelons at Wells has suffered any real consequences that I can see.

And then there is the fine itself. Does $185 million sound big? Maybe if it were paid by the individual wrongdoers, but it’s a pittance when paid by an institution as large as Wells. Last year Wells’ profits were about $21 billion from about $86 billion in revenue.