Michael grew up and attended high school close to Wall Street. Drawn to the allure of the financial markets from an early age, he was anxious to begin his Wall Street career soon after completing his studies at West Virginia University. In 1992, he became an adviser trainee at a newly formed firm based in Syosset, NY. This introduction to the industry turned out to be very helpful; while the firm’s filing was pending approval, its founding partners spent significant time teaching Michael on a one on one basis the fundamentals of basic money management.
Michael progressed very quickly and completed his certification and state licensing the following year. He soon moved on to a more established firm, Lew Lieberbaum & Co., offering a greater array of products. While here he cultivated his clientele for many years. With his proven track record and strong grasp of the financial markets, Michael was soon offered a top position in the retail division of a startup firm, E. C. Capital, Ltd. With Michael as its Manager and Director of Retail, the firm became profitable immediately and remained that way throughout Michael’s tenure. Michael attributes E. C. Capital’s success to his loyal staff and clientele, many of whom are still working with Michael to this day.
Having helped two firms achieve significant success and profitability, Michael decided it was time to branch out on his own. He began by setting up a franchise office for a long established firm. This allowed him to progress gradually without sacrificing his close working relationships with trusted clients. He inked a deal with the firm Walsh Manning & Co. that allowed him to operate an office and to apply for his own firm once the transition was complete. The agreement was a typical one, as it meant that the firm would eventually be losing a profitable office, but it was negotiated openly and transparently by both parties.
Once the franchise infrastructure was in place and most of the hard work completed, Michael and his team quickly went to work establishing Morgan Wilshire Securities, Inc. The process was fairly seamless, and the firm even retained its clearinghouse so as to prevent inconveniences to its clients. Without much fanfare, Morgan Wilshire Securities, Inc. opened for business in August of 1998 and has been serving its trusted clientele ever since.
Although much has been accomplished, Michael is committed to continually improving the business, its services and expertise. Morgan Wilshire Securities foregoes the traditional advice and in-house products that so many Wall Street firms are intent on pushing. Michael and his long-time partner, Mr. Paul Metz, hold to the belief that only those products that they themselves would invest in should be offered to their clients.
Michael possesses numerous financial and state licenses and he takes regular industry-sponsored continuing education exams to keep them current. His participation in inter-industry groups helps him stay up to date with the world of finance and the financial community at large. In addition, Michael files and actively comments on SEC and FINRA rule proposals. Outside of work, Michael is an active philanthropist, with a commitment to several noteworthy causes. His hobbies include tennis, vintage car racing, skeet shooting and attempting to improve his golf game. Michael reads voraciously, collects antique motorcycles and automobiles, and possesses modest art and wine collections.
Michael is based in Morgan Wilshire’s Garden City location and is available anytime to help and advise his clients.
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