Altfest News
Video: Lunch With Lew & Andrew, Navigating the 2023 Market
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Please scroll down to the bottom of this article for a replay of the latest Lunch with Lew.
In another periodic conversation with clients on January 25, 2023, CEO Lew Altfest and President Andrew Altfest discussed the key elements that shaped the 2022 market and their outlook for 2023. Andrew then went into detail regarding Altfest’s market strategy.
Andrew Altfest shared insights on investments that the firm favors in this environment, including alternative investments, which are less correlated to the stock market, bonds, the healthcare sector, and emerging market equities. Andrew also shared an update on the firm’s private real estate fund, Arden Woods, which is targeting attractive returns despite uncertainty in the stock market.
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Investment advisory services provided by Altfest Personal Wealth Management (“APWM”). All written content on this site is for information purposes only. Opinions expressed herein are solely those of APWM, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.
Lewis J. Altfest, CFA, CFP, CPA, PFS, Ph.D
Lew directs the firm’s Investment and Leadership Committees and leads the Portfolio Action Group which sets investment strategy for client portfolios. Prior to founding the firm in 1983, he was a General Partner and Director of Research for Lord Abbett & Co., a large mutual fund and investment management company that manages more than $100 billion in assets. Lew was the sole recipient of the 2007 Charles R. Schwab IMPACT Award® – arguably the highest distinction in the profession – for his sustained vision, outstanding leadership and client commitment.
Lew lectures frequently to investors, pre-retirees and retirees as well as to other financial professionals. Lew received his Ph.D. from the Graduate Center of the City University of New York (CUNY). He has an MBA from New York University and a BBA from Baruch College. He also holds the CFA, CFP®, CPA and PFS designations.
Andrew Altfest, CFP, MBA
Andrew advises clients about their personal finances and drives financial planning strategies for team members across the firm. Andrew has received numerous awards including Best-In-State Wealth Advisor in New York City by Forbes, Young Advisor to Watch by Financial Advisor, Forbes’ list of America’s Top Next-Generation Wealth Advisors, and InvestmentNews’ list of 40 Under 40 in the financial advisory industry.
He received his BA with honors from Cornell University, and his MBA from Columbia University’s Graduate School of Business. He also is a CFP® licensee. Andrew has appeared regularly in the press, including The Wall Street Journal, Bloomberg News and Dow Jones. Andrew is a member of the National Association of Personal Financial Advisors (NAPFA) and chair of the New York City chapter.