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 weeks ago
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    Investing, Stocks

All Answers
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    Investing, Stocks, Starting Out
How can I gauge how wisely I'm investing my money?

Whether you have invested in a few stocks or a broadly diversified group of holdings spread among a number of asset classes, the returns will be measured on the rate of return for the period you are looking at.  To get a sense of how well you are doing, you would need to compare that return to an appropriate benchmark.  If your holdings are all large cap stocks, the Standard & Poor's 500 Index would be the appropriate benchmark.  If the holdings are small caps, you might use the Russell 2000 Index.  If there are international stocks, the benchmark could be the EFA (Europe and Far East) Index.  If it's a combination, you can use combination of these benchmarks.  In addition, you will need to compare the volatility of your returns to that of the benchmarks.  That's done by calculating the standard deviation of price changes either on a daily or weekly basis.  If your returns are above the benchmark and the volatility is also higher, it may be a wash on a risk-adjusted basis.  Ideally, you would want returns that approximate the benchmark with volatility that is below that of the benchmark.

Good luck!

4 days ago
    Asset Allocation, Bonds / Fixed Income, Stocks, Starting Out
Is it too early to start a portfolio for my one-year-old child, and would it be better to start off with a stock or a bond?
4 days ago
    Financial Planning, IRAs, Real Estate, Taxes
How much can I expect to pay in taxes on a $160,000 IRA withdrawal?
4 days ago
    Retirement, Real Estate
What is the best way to earn interest with money I inherited?
4 days ago
    Stocks, Starting Out
Why do stock prices rise over time?
3 weeks ago