Financial Advisor Success Ep 403: Carving Your Path As An Investment Nerd By Building A Fractional CIO Solution For Other Advisory Firms with Eric Stein
Sep 17, 2024
Eric Stein, Partner at East Bay Investment Solutions, specializes in fractional Chief Investment Officer services, advising over $6 billion in assets. He shares his unique journey transitioning from traditional banking to becoming an investment nerd, supporting advisory firms without managing individual portfolios. Eric discusses the flexibility and cost-effectiveness of fractional CIO services and emphasizes the importance of alignment in partnerships. His insights on the evolving landscape of financial advising and the need for personalized investment strategies are both enlightening and inspiring.
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Career Start
- Eric Stein's career began in commercial banking in Cincinnati after graduating from Indiana University with a finance degree in the early 1990s.
- He transitioned to an analyst role at Glickenhaus in New York City after a chance encounter during a vacation.
Glickenhaus Experience
- Eric Stein's role at Glickenhaus involved creating and maintaining investment composites, working with portfolio managers, and ensuring accurate client reporting.
- This experience provided him with valuable insights into asset management, custodians, and client service.
Goldman Sachs Experience
- After Glickenhaus, Eric Stein joined Goldman Sachs Asset Management (G-SAM) in 1998.
- He held various roles, including performance analyst and risk manager, during his time there.