Betsy DeVos, husband of former Amway CEO Dick DeVos, has been involved in politics and business for a majority of her life. However, her most passionate role lies within her many philanthropic endeavors. Betsy DeVos and her husband established their own philanthropic organization called the Dick and Betsy DeVos Family Foundation through which they work with and support multiple different charitable groups. In an interview with the Philanthropy Roundtable, Mrs. DeVos discussed her involvement in education reform and more specifically her championing of the school-choice movement. After sending her own children to school, Mrs. DeVos became increasingly aware how critical it was for a parent to be able to choose where their children attended. She started an organization that raised money to help lower-income families afford to send their children to their desired school. She also became politically involved by joining the boards of both the American Education Reform Council and Children First America, which both are active in the school choice movement.
Know more: https:/www.crunchbase.com/person/dick-devos
Dick DeVos himself has also been involved in education reform as well. He was nominated to the Michigan State Board of Education in 1990 where he served for two years. DeVos also was active in the “Kids First! Yes!” committee as co-president. The group sought to have tuition tax credits and vouchers allowed by the Michigan constitution for private education. DeVos’ active political involvement eventually took him to run as the Republican nomination for the governor of his home state of Michigan in 2006.
DeVos is perhaps best known for his business endeavors. Being the son of Amway Distributors co-founder Richard DeVos, he got involved at the company at a very young age. Before holding an official position, Dick DeVos helped his father run the company when it was still running out of their own house. Eventually, DeVos went onto hold multiple positions within Amway ranging from manufacturing to finance until he was named as Vice President. The company saw their largest international growth under DeVos’ leadership. DeVos took a brief hiatus from Amway and became the CEO and president of the Orlando Magic basketball franchise from 1991 to 1993. Upon his return to Amway, DeVos became President and founded Alticor, which eventually became Amway’s parent company. Amway was also expanded to a total of 6 continents including over 50 countries with DeVos as president. Besides his political and business successes, DeVos has always been heavily involved philanthropically. Alongside his wife Betsy DeVos, the two founded the Dick and Betsy DeVos Family Foundation through which they conduct a majority of their charitable work.
Sam Tabar has recently held an event in which he advised business professionals about managing financial accounts. The businessman, who is widely regarded as one of the most successful financial strategists in the Tri-state area, gave up and coming financial strategists advice on managing accounts for large firms and corporations. Sam Tabar has gained a large amount of experience in the area of the financial management of large corporation through his long-held position as the Director and Head of Capital Strategy of the Bank of America. Tabar is also currently involved in the management of large financial accounts through his newly acquired position as the Chief Operating Officer of the Full Cycle Energy Fund. Tabar chose this event to spread his expertise regarding financial strategy and specifically spoke about stock investments.
Sam Tabar gave many examples of how capital strategists could improve their company financial campaign by investing in different stocks. Tabar discussed his personal history with investing in multiple stocks to create a beneficial finical relationship between the companies he worked for and the investment market. Tabar explained that investors could drastically improve the trajectory of company assets by investing in multiple stocks and earning good returns on those stocks.
Sam Tabar stated that the most important factor in making appropriate stock investments for a company is consulting with the company leaders to determine the specific kinds of stocks that the company is interested in. Tabar explained to his fellow capital strategists that although the financial strategist’s job is to create investment opportunities and make wise decisions regarding stock market investments, it is equally important for strategists to consult with the leaders of a company before making investments in certain stocks. If the investment is not appropriately presented to the leaders of a company, the end result could be entirely blamed on the strategists who made the decision to invest in the stock. Tabar also expressed his concern on Twitter, that capital strategists are not being appropriately educated regarding their role in companies.
Hollywood tends to take important issues and put them into the public, on occasion at least. This happened just this past year with the Wall Street focused film “Money Monster”. In this film George Clooney’s investing talk show is taken hostage by a bankrupt man with a bomb strapped to his chest. What follows is a taut thriller that details just how wrong Wall Street can be. Brad Reifler, the founder and CEO of Forefront Capital, weighed in on the film by offering his two cents in regards to some of Wall Street’s bigger issues.
Reifler makes it very clear that he believes there to be a fundamental flaw with how brokers operate on Wall Street. The vast majority of brokers out there make their percentages regardless of how well their customers portfolios are actually doing. This means that customers can suffer while brokers get wealthier and wealthier. That sounds fundamentally flawed to us and Reifler seems to agree.
Being a financial expert himself, Reifler was quick to take aim at the way investments are made available to potential customers. For the most part, the lowest risk investments are held above the heads of these non-accredited investors. Instead the SEC has created a definition for ‘accredited investors’ that is so strict it leaves 99% of the people in the country out of contention. This then summarily forces high risk investors to take on high risk investments, creating a balloon that could at any moment end up popping. Now does this sound fair at all? Not to Reifler it doesn’t, and not to anyone else who is actually paying attention to these things.
Reifler has always had an eye on the ‘little guy’ when it comes to the investment world. By way of starting Forefront Capital Reifler has attempted to do his part to help build up small time investors. While it is a tough job, Reifler is up for the job after having done it in his own personal life by helping his father in law. The problems Reifler cited above are real issues but they aren’t the end of the conversation. Be sure to follow Brad on Twitter, or read more about him on Bloomberg.