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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    Mutual Funds
When my mutual fund declares an income distribution, the fund price falls by a similar amount. How does this distribution benefit me?
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When a mutual fund declares an income or capital gains distribution, the fund price drops by a similar amount, but you aren't losing money as a result.  You will receive the distribution in cash, which you may reinvest in additional shares of the fund.

The distribution may or may not benefit you. If the fund has been successful and the net asset value is growing, that would be a good sign. But the distribution may be reflective of gains built up over time that are just now being realized. That could be cause for concern.

It would be more useful for you to focus on changes in the fund's net asset value and how those changes compare to the fund's benchmark. If, for example, the fund invests in a broad range of US stocks, the benchmark might be the Standard & Poor's 500 Index. If the NAV returns were better than those of the S&P, that would be good. And vice-versa.

Relative performance is more important than periodic distributions.

December 2016
    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? 
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April 2018
    Mutual Funds
What is the difference between exchange-traded funds and mutual funds?
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March 2018
How does an employer benefit from a 401(k) matching plan?
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June 2017
    Retirement, Investing, Annuities, Real Estate
Are annuities a good retirement investment?
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April 2018