It’s hard to believe that 20 years ago I launched, with the help of family and friends my registered investment advisory business, LakeView Asset Management. At the time, our oldest of five children, with my beautiful wife Layni, was fourteen years old. Now, he is one of the up-and-coming civil trial attorneys in New Jersey, and recently married to the lovely Amie Berlant. Our eldest daughter Danielle is a registered nurse who moved out to Henderson, NV after selflessly taking care of nursing home patients in New Jersey during the COVID pandemic. Steven, our middle son was just promoted at Mandalay Bay Resorts and can often be seen with me at Vegas Golden Knights games. Our youngest son, Adam graduated this weekend from UNLV, a day after our younger daughter Carly received her MBA from Arizona State University. I am proud to announce, she has accepted a position as the newest member of LakeView Asset Management, as of May 1. Today she signed a contract to purchase her first home, the first of the five of our children to do so.
I am proud that over these past twenty years, LakeView Asset Management has made the lives of hundreds of clients better through our investment management programs. We have grown substantially over the last 20 years, that last year we entered a strategic alliance with Kingswood US, a larger RIA firm, while keeping 100% ownership of LakeView Asset Management in my hands.
Twenty years ago, the S&P 500 (SPX) was approximately 1,000. Today it is approximately 4,000. The more technology growth-oriented Nasdaq 100 (NDX) stood at approximately 1,300 twenty years ago. Today it is approximately 12,250. Apple (AAPL) sold for about 50 cents in 2002 and now is priced at about $145.54. I began accumulating (AAPL) in 2005 for clients, family, and myself for $1.29. Over these twenty years we have had a financial crisis and a once in a century viral pandemic, both wiping out huge amounts of value from investor portfolios. Throw on top of that several other dangerous economic events and periods to make investing difficult. With financial discipline and investing fortitude, we were able to avoid any panic, wait out the crises and come out better. I expect after this current market retracement stemming from inflation and political fiscal mismanagement, we will come out stronger than ever.
As we enter the next decade of LVAM, I am more committed to our business and client services than ever. With that said, it’s not too late for one or all of those reading this message to give us a call at 702-749-9343 or send me an email at email@example.com to get started with LakeView Asset Management and be part of your investment management or investment marketing program.
Disclosure: At the time of this commentary Scott Rothbort, his family and/or clients of LakeView Asset Management, LLC was long AAPL, SPY, SSO, SPXL, QQQ, QYLD and, TQQQ - although positions can change at any time.
Scott Rothbort is the President & Founder of LakeView Asset Management, LLC, (LVAM) an investment advisor representative, specializing in high net worth private wealth management. LVAM is affiliated with Kingswood Wealth Advisors Services, a registered investment advisor. For more information on investing with LakeView Asset Management, LLC call us at 888-9LAKEVIEW or request more information by clicking on the contact button on the top right-hand corner of the website. LakeView Management, LLC is a Nevada LLC, with its principal office located in Henderson, NV and branch office located in Millburn, NJ
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