Eric’s drive to research, to find and connect information and people, is ingrained from his early days as a municipal bond trader at Paine Webber (now UBS). At that time, data aggregation did not exist, and research was the unfair competitive advantage. He continues to instill this discipline in his work and in his colleagues, going beyond the surface to uncover synergies and solutions to meet the specific needs of each client. In fact, Eric’s fascination with investments prompts his colleagues to joke that he takes municipal bond research with him to read on the beach during vacations for relaxation.
Eric’s focus at Kore Private Wealth is client relations, specifically in entertainment, real estate, private equity and hedge funds. He also runs the firm’s multibillion-dollar municipal bond asset management business. This business is run in-house and one of Kore’s differentiators. He served as the fixed income strategist for the Bodner Sax Group at Merrill Lynch for many years, after moving with his colleagues from UBS, where they were among the first to join the firm’s ultra-high-net-worth initiative. Eric also developed Bodner Sax’s municipal bond portfolio analysis software, which has served the firm for 15 years.
Eric was a member of the board of trustees of Newark Beth Israel Hospital (NBI) as well as the Health Care Foundation of New Jersey. The Health Care Foundation was formed with proceeds from the sale of NBI to Saint Barnabas Medical Center.
He and his wife, Barbara, have three grown children and live in New York City and East Hampton.
BA, finance, Rider University
Between 2009 and 2017, Barron’s Magazine recognized Eric as one of either the Top 1,000 or the Top 1,200 Advisors: State by State. Financial Times also named Eric as one of its Top 400 Financial Advisors in 2015, 2016 and 2017.
For me, it’s about incorporating in-depth research with client objectives to create portfolios that make sense for each client’s source of wealth and lifestyle. Managing wealth from different, relevant perspectives allows for thoughtful solutions that target defined goals and needs. Tying our clients’ objectives with the implementation allows me to focus not only on fixed income strategies but also more broadly on goal-oriented investing, which is my true passion.
Being independent gives us a lot of flexibility to be entrepreneurial. We also must be mindful that with this freedom comes significant responsibility, which requires discipline and governance.