Forefront Capital is a new investment firm that has been created in an attempt to put the middle class American on equal footing with the wealthy investors that are so often depicted as running Wall St.
One of the biggest problems with modern day Wall St. is that it, through the system it was originally set up in, inadvertently and disproportionately benefits the people who are already wealthy. The accreditation process is a long and expensive one to go through, making it nearly impossible for small American investors to get that seal of approval. Unfairly, without being accredited, American investors are usually deemed as risky, dangerous, or unintelligent. This leads to several different issues being caused through Wall St. that are directly or indirectly related to the wealth of the client looking to invest.
First of all, the types of investments that are available for non-accredited individuals is slim to none. Wealthy and accredited investors have access to hedge funds, private equity firms, and much more. None accredited investors, however, are left in the dust. To make it worse, the investments that are available to middle class Americans are strongly tied to the fluctuations of the stock market. The portfolios that they can acquire generally perform badly as a result, as Brad has said on Twitter before.
In addition, fees that are applied to portfolios by firms and brokers are usually detrimentally high. Management fees and broker fees can eliminate all profits a middle class American would otherwise see. What makes this worse is that the fees are applied regardless of the portfolios performance. Whether the broker is making his or her client money is irrelevant because they are still getting rich through fees.
Brad Reifler aims to solve the above problems with his new financial advisory firm called Forefront Capital. The goal of Forefront Capital, according to Brad Reifler, is to provide a solid financial foundation for middle class Americans while still attracting high profile and wealthy clients in addition to the 99%. He aims to eliminate the issues by charging little to no management fees and offering a wide array of portfolios for his clients.