Russell Wayne

CFP®
Personal Finance, Retirement, Investing
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“With more than four decades of experience as a personal financial adviser, investment manager, and investment analyst, Russell Wayne is committed to helping his clients enjoy their lives while he takes charge of their financial concerns.”
Firm:

Sound Asset Management Inc.

Job Title:

Principal

Biography:

Russell Wayne is a Certified Financial Planner and President and Chief Investment Officer of Sound Asset Management, Inc., an independent financial advisor based in Weston, Connecticut primarily serving clients in the greater New York tristate region and throughout New England.

Russell began his career with Arnold Bernhard & Co., Inc., the parent company of Value Line, Inc. Positions he held while associated with Value Line included Managing Editor, The Value Line Investment Survey; Portfolio Adviser, The Value Line Mutual Funds; Executive Editor, The Value Line OTC Special Situations Service; Business Manager, Value Line, Inc.; Portfolio Manager, Value Line Asset Management; and Director of Investment Software, Value Line Software.

From 1991 to 1995, Russell was Vice-President and Chief Investment Officer with Heine Management Group. He was also Vice-President and Secretary of the LMH Fund, Ltd. Clients for whom he has managed portfolios include Xerox, Texas Utilities, National Maritime Union, and United Cerebral Palsy Association.

Russell has been a featured guest on television, including CNN and the Bloomberg Network. He has been quoted in leading business  print periodicals and well-known websites, including The Wall Street Journal, Barron's, BusinessWeek, The Wall Street Transcript, The New York Times, Investment News, MSNBC,  Yahoo! Finance, NASDAQ, and Facebook.

Russell earned his B.A. and M.B.A. at Hofstra University. He earned his Certificate in Financial Planning from Florida State University and has pursued postgraduate studies at New York University School of Law. He is listed in Who's Who In The East, Who's Who In Finance and Industry, Who's Who In America, and Who's Who in the World. Russell has contributed to a number of published works. His own published works include Markets, Myths, and Memories (2010) and Live Well and Sleep Well With Your Investments Now and When You Retire (2016).

Russell is a proud member of the National Association of Personal Financial Advisors.

  

Education:

M.B.A. (Finance and Investments). B.A., N.Y.U. Law, Hofstra University
Certified Financial Planner, Florida State University

Assets Under Management:

$35 million

Fee Structure:

Asset-Based

CRD Number:

460451

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  • Russell Wayne
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July 2017
    Investing, Stocks
last month
    Investing, Stocks
November 2017
    Investing, Stocks
January 2017
    Financial Planning, Investing, Stocks
July 2017
    Investing, Stocks

All Answers
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    Bonds / Fixed Income
I am 62 and I've invested a lot into short-term bond funds; should I be moving to cash at this time?
100% of people found this answer helpful

If you're in short-term bond funds, I would think that the return you are getting will be superior to that available from cash, i.e., money market funds.  So long as these funds holdings are high quality bonds, I see no reason why you would sell and move to cash.  If you were holding long-term bond funds, I would suggest otherwise since rising interest rates tend to have the greatest negative impact on bonds with long maturities.

May 2018
    Debt, Estate Planning, Investing, Real Estate, Stocks
I’m 24 years old and I have $35,000 saved: should I stop investing in the stock market, and focus on saving more money? 
100% of people found this answer helpful
April 2018
    Mutual Funds
When my mutual fund declares an income distribution, the fund price falls by a similar amount. How does this distribution benefit me?
100% of people found this answer helpful
December 2016
    401(k)
How does an employer benefit from a 401(k) matching plan?
100% of people found this answer helpful
June 2017
    Retirement, Investing, Annuities, Real Estate
Are annuities a good retirement investment?
100% of people found this answer helpful
April 2018