The career of Dick DeVos has taken many twists and turns, but I believe this Grand Rapids, Michigan business leader has not missed any opportunities to become one of the top business and community experts in the U.S. I was shocked to read that Dick DeVos is the son of the founder of the AmWay group he served as President of from 1993 to 2002, but Dick set out to prove himself in many different arenas before returning to AmWay as President; amongst the ports of call for DeVos were the Orlando Magic NBA franchise he is still a member of the board of governors for. Since leaving AmWay I have followed the career of Dick DeVos avidly as he has set out to lead the Windquest Holdings group he has acted as President of since it was established; Windquest is a major part of the career of Dick DeVos and his wife Betsy who have looked to make investments in the areas they have interests in.
DeVos has spent much of his adult life looking to improve the educational options available to families across the U.S., which is why he remains a board member for the West Michigan Aviation Academy he and wife Betsy helped develop as a charter school. The chance to help young people explore their options for the future has seen Dick DeVos push forward the options offered by the Thunderbird School of Global Management; as a board member of the school Dick DeVos has embarked upon offering a scholarship to students from third world countries who wish to improve their chances of future business success through the education offered by the school.
I have also heard much about the love of aviation that led to Dick and Betsy DeVos forming the West Michigan Aviation Academy; DeVos is also a board member of the West Michigan Regional Air Alliance, a group I believe have performed many impressive feats over recent years. Dick DeVos and his fellow board members formed the Alliance in a bid to make sure the West Michigan region was served as well as possible by an improved level of air travel.
As originally reported by PRNewswire on December 15, 2015, Sam Tabar has been named as the Chief Operating Officer of FullCycle Energy Fund. He duties will involve setting and executing the fund management strategy for FullCycle, a fund that was established in 2013 with a focus of taking municipal solid waste and using it as a low cost fuel for the production of electricity. Tabar will concentrate on the company’s goal of transitioning away from high cost polluting fuels to low cost fuels.
Sam Tabar is an attorney who graduated from Columbia Law School. In private practice, he worked for business clients, advising in areas that involved a wide range of financial matters. When not working for a law firm, his emphasis has been on financial management while working for companies like Merrill Lynch (Bank of America) as its head of capital strategy. He also served as Co-Head of Marketing for Sparx Group, managing its global marketing effort. Sam can best be described as a capital strategist. He has also been a private venture capitalist. He will bring this wide range of talent and experience to FullCycle as he leads them in their mission.
Sam Tabar looks forward to working with the leadership team at FullCycle, and is excited to take on the next phase in his very successful career. Sam’s official website has more.
Brad Reifler is well regarded for being one of the best financial experts in the world. He is the CEO of Forefront Capital, a firm that he started on his own and that has provided invaluable advice to thousands of individuals and companies across the globe. Reifler has spent his career in investment management, in which he has invested hundreds of millions of dollars for individual and institutional investors.
Beyond providing investment advice to his investors, Reifler is also well known for providing his insights on recent trends in the marketplace and other financial events. Recently, Reifler provided his insight on the film Money Monster, which starred George Clooney and Julia Roberts.
Overall, the film provided some interesting insights into the financial industry. While Reifler acknowledged that the film was definitively fiction and pretty outrageous at times, it did bring up some interesting points. The main point of the film is that the individual system is rigged against many investors and that there are several key issues that investors should be aware of that could impact their ability to make money over the long haul.
One issue that investors face is the amount of fees that they have to pay on a regular basis. Most hedge funds and mutual funds will charge large management fees on the amount of assets that they manage. While this may make sense in a period where they are making money, the fees are charged even if they are losing money. This can greatly dilute the total return that an investor can earn over a long period of time. Further, many institutional investors are offered a much lower fee structure compared to an individual investor.
Investors are often also not aware of all of the risks that take place in the stock market. Some investors will end up seeing a hot stock tip online and end up reacting too quickly. Too often these don’t work out, leading to significant losses. That’s what Reifler is trying to avoid with his firm, and make sure to join him on that quest.