Russell Wayne

Personal Finance, Retirement, Investing
“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.”

Sound Asset Management Inc.

Job Title:



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.



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:


CRD Number:


  • Russell Wayne
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July 2017
    Investing, Stocks
3 days ago
    Asset Allocation, Investing, ETFs
November 2017
    Investing, Stocks
May 2017
    Stocks, Investing
January 2017
    Financial Planning, Investing, Stocks

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    Investing, Mutual Funds, Stocks
Should I pay off my credit card debt or invest my cash?
80% of people found this answer helpful

Yes, definitely pay off your credit card bill.  As you probably know, the interest on credit card balances is usually excessively high, quite possibly over 20%.  So if you're paying ony the minimum each month, you're hurting yourself and it will take a very long time to get down to zero.

The fact that you've had a return of 15% or so in the past is no guarantee that you will continue to be so fortunate in the future.  Indeed, given the richness of current market valuations I think it's quite likely that returns over the next few years won't get above single digits.  Whoever thinks the market will hit 26,000 next year is spending too much time in FantasyLand.  Although it's possible that the current rally may be extended, that will almost certainly lead to a substantial correction.  Please do keep that in mind.

The best course of action is to reduce your debts and take a more moderate view of prospective returns on your investments.  By doing so, you will be better prepared for the inevitable ups and downs that lie ahead.

Good luck!

October 2017
    Debt, Retirement
Should I continue to contribute towards my retirement or pay off my debt in a bull market?
80% of people found this answer helpful
November 2017
    Debt, Insurance
How can I borrow money from my life insurance policy?
79% of people found this answer helpful
June 2017
    Career / Compensation
What is the difference between a stock broker and a financial advisor?
79% of people found this answer helpful
October 2017
    Investing, Asset Allocation
Is it possible to over-diversify my portfolio?
79% of people found this answer helpful
February 2017