Marshall Serwitz

Marshall Serwitz

Marshall Serwitz, in 1969, assumed leadership of his family business. With the sale of the business in 1976, he experienced the challenges of transitioning from illiquid wealth to liquid wealth. Marshall was particularly frustrated by the marketing-driven, superficial services of "wealth management" offerings and the unprofessional manner in which services were provided by institutional "servicing" staff who themselves had no experience or appreciation of affluence. No less disturbing were the poor investment results. In 1989, Marshall approached Bob Sullivan to establish Sullivan & Serwitz with two overriding objectives: to create wealth continuity among generations and promote stewardship of a family's resources

Mediocre Performance, Outstanding Marketing, and Concealed Investment Risk

Here is an interesting, if not telling, statistic. According to E.S. Browning, as reported in the 6 October 2012 edition of the Wall Street Journal,...

Courage and Conviction – Standing Apart from the Herd

Subscribing to the tenets promulgated by the late Benjamin Graham we direct our “worrying concerns” to the macro perspective level but we invest on a...

Client Expectations Matter!

Dr. Harry Markowitz won a Nobel Prize for his pioneering quantitative research and economic theories. He is credited with developing much of the intellectual framework...

Derivatives: “financial weapons of mass destruction”

This article is a continuation of my remarks and completes the 3 part series. By way of a brief review, the essential points made last...

Obscured Risk Associated with Hedging

This article is a continuation of my remarks begun last week. The central points were: There are many ways one can be wrong when hedging...

Hedging – A Protection From Losses?

This article serves as an introduction, and to establish context for remarks over my next two articles. James “Jamie” Dimon is the current chairman, president and chief executive officer...

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