Forefront Capital is Changing the Investment Game
It doesn’t take much investigation to realize that the financial world, and Wall Street in particular, are more interested in the high profile investors. Brad Reifler, the CEO of Forefront Capital, has made a career out of fighting for the little guy. So when Hollywood released a film titled ‘Money Monster’ which essentially skewered Wall Street, Reifler was there to make sure his comments were heard.
The film follows George Clooney as a Wall Street Guru who advises his audience on cable television. One day a man by the name of Kyle Budwell takes over the set and takes Clooney’s character hostage. The rest of the film is dedicated to finding out just why Budwell lost everything on Wall Street. The film is an interesting, if exaggerated, look at just how far the small time investor has fallen over the years.
For Brad Reifler, this film was a chance to expound on some of the core issues that Wall Street is currently dealing with. The first, and most prominent, point that Reifler wanted to make after reflecting on the film was that there is a fundamental disconnect between Wall Street firms and the small time investors that they ‘work for’. The biggest problem here is that these firms charge their fee no matter how well the investors are doing, creating a ‘no lose’ situation for the firm while investors go broke and lose everything.
If that wasn’t bad enough, Reifler also wanted to point out just how far behind small time investors are in terms of options when compared to their wealthier counterparts. In fact, the SEC has defined a certain subset of investor as ‘accredited’ which means that they are wealthy and privy to higher end investment opportunities. These same options are not available to ‘the 99% of us‘ that want to invest. This leads more people to leaning on the inherently risky Stock Market.