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
    Asset Allocation, Investing, ETFs
November 2017
    Investing, Stocks
May 2017
    Stocks, Investing
January 2017
    Financial Planning, Investing, Stocks

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    Investing, Choosing an Advisor, IRAs
My advisor suggested a conservative growth model for money I am investing from an inherited IRA; if I am willing to risk losing the money to make more in the end, should I consider a more moderate or aggressive model?

Without knowing what the details of the conservative growth model, more moderate or aggressive model, it's impossible to critique any of these.  The problem is that Wall Street uses many labels that are essentially meaningless.  The key is asset allocation, which depends primarily on your time horizon, risk tolerance, investment experience, and need for current income.  If you are looking ahead to a 10-year period, you would probably want to have the largest share dedicated to equities, evenly divided between total U.S. and total international market funds, both developed and emerging.  I'd speculate that this share could be as high as 75% to 80%.  The remainder could be held in a total U.S. total bond market index fund.  That would be the cushion against interim market volatility.

Although you could create a much more elaborate portfolio, unless that would be managed by a seasoned market professional (Certified Financial Planner or Chartered Financial Analyst), it probably would not be a good idea.  The typical models offered by brokerage firms have little, if any, value added, though there may well be a substantial fee enjoyed by them for getting you signed up.    

1 hour ago
    Investing, 401(k), Asset Allocation, Mutual Funds, Stocks
What are some options I should consider when investing a large sum of money with a very cautious mindset?
1 hour ago
    Mutual Funds
What is the difference between exchange-traded funds and mutual funds?
2 hours ago
    Retirement, Estate Planning, 401(k), ETFs, IRAs
What is the best investment option for me to grow my Roth IRA retirement account: ETFs, real estate, or something else?
2 weeks ago
    Banking, Financial Planning, Starting Out
Is a traditional savings account or a Certificate of Deposit (CD) a better option for a long-term savings account for my young child?
2 weeks ago