Our Faculty

Lewis Altfest

Associate Professor

Lubin School of Business

Finance

Location
  • @New York City
    One Pace Plaza

Education


PhD , City University of New York , New York, NY , 1978
Finance

MBA , New York University , New York, NY , 1970
Economics

BBA , Baruch College , New York, NY , 1962
Accounting

Awards and Honors

  • Barron's newspaper, 2016 - Top 100 Independent Advisors In the Nation
  • Barron's Newspaper, 2015 - Top 100 Independent Advisors In the Nation
  • The Financial Times, 2015 - Top 300 Registered Investment Advisers in the Nation
  • The Financial Times, 2014 - 300 Top Registered Investment Advisers in the Nation
  • Research Magazine, 2014 - Adviser Hall of Fame Inductee
  • Investment News, 2014 - Best Practices Award
  • Financial Advisor Magazine, 2014 - Due Diligence/Research Manager All-Star Team Award
  • Temple Shaaray Tefila, 2014 - Lifetime Achievement Award
  • Barron's Newspaper, 2014 - Top 100 Independent Advisors In the Nation
  • Financial Advisor Magazine, 2013 - Due Diligence/Research Manager All-Star Team Award
  • Barron's Newspaper, 2013 - Top 150 Independent Advisors In the New Year
  • Financial Planning Magazine, October 2013 - Lifetime Achievement Award
  • National Assosciation of Personal Financial Advisors, May 2013 - National Assosciation of Personal Financial Advisors 30 Most Influential
  • Medical Economics, 2012 - 150 Best Financial Advisors for Doctors
  • Dental Practice Report, 2012 - Best Financial Advisers for Dentists
  • Financial Advisor Magazine, 2012 - Due Diligence/Research Manager All-Star Team Award
  • Baruch College, October 2012 - Alumnus of Distinction Award
  • Barron's, 2011 - Top 150 Independent Advisors In the New Year
  • Barron's, 2009
  • Barron's, 2009
  • Financial Advisor magazine, 2009
  • Medical Economics magazine, 2009
  • Wealth Manager magazine, 2009
  • Barron's, 2008
  • Financial Advisor Magazine, 2008
  • Medical Economics magazine, 2008
  • Wealth Manager magazine, 2008
  • Worth magazine, 2008
  • Barron's, 2007
  • Financial Advisor magazine, 2007
  • The Charles Schwab Corporation, 2007
  • Wealth Manager magazine, 2007
  • Financial Advisor Magazine, 2006
  • Medical Economics magazine, 2006
  • The Business and Economics Alumni Society of the City College of New York., 2006
  • Wealth Manager magazine, 2006
  • Bloomberg Wealth Manager - Magazine, 2005
  • Bloomberg Wealth Manager-magazine, 2004
  • Medical Economics Magazine, 2004
  • Bloomberg Wealth Manager-magazine, 2003
  • Medical Economics Magazine, 2000

LICENSURES & CERTIFICATES

  • AICPA, - PFS
    CPA Financial Planning
  • CFP? Institute, - Certified Financial Planner?
    Broad based financial planning
  • CFA Institute, - Chartered Financial Analyst
    Broad based investments
  • AICPA, - Certified Public Accountant
    Public accounting and auditing

Publications


Altfest, L. (2016). Personal Financial Planning - Second Edition. (Issue 2) , pages 704.

Altfest, L. . The Art of Practicing and the Art of Communication in Financial Planning. SAGE.

Altfest, L. (2016, February 17). Gen Y Case. (Issue 2)

Altfest, L. (2016, February 17). Personal Financial Planning - Second Edition. (Issue 2) , pages 704.

Altfest, L. (2014, February). Motivation and Satisfaction in Financial Planning. Ricciardi, Victor and Baker, Kent H. (Eds.), New York, NY, USA: John Wiley & Sons, Inc..

Altfest, L. (2012, September 25). Why real estate investing has become a good investment again. http://medicaleconomics.modernmedicine.com/news/why-real-estate-investing-has-become-good-investment-again

Altfest, L. & Primoff, W. (2012, April (2nd Quarter/Spring)). A Wealth Of Opportunity. Journal of Accountancy.

Altfest, L. & Lu, Q. Home Ownership & Personal Financial Planning. .

Altfest, L. & Lu, Q. Life Cycle Expenditures: Discretionary vs. Nondiscretionary Consumption. .

Altfest, L. & Lu, Q. Portfolio Selection and Nondiscretionary Consumption. .

PRESENTATIONS


Altfest, L. (2016, December 12). The New Direction of the U.S. Economy And Stock Market. FEI, The Union League Club

Altfest, L. (2016, December 6). Event Panelist. How Investors Can Win. TheStreet.com, Midtown NYC

Altfest, L. (2015, November 5). Private Wealth Forum Panel Presentation. Financial Trends and Outlook.

Altfest, L. (2015, September 16). Manhattan Dentist Symposium. You, Your Investments and Financial Independence. Altfest Personal Wealth Management

Altfest, L. (2015, April 14). Greater Long Island Dental Meeting Presentation. 7 Keys to Achieving Financial Freedom. Melville, N.Y.

Altfest, L. (2014, December). Greater New York Dental Meeting. Post-Election Investment and Financial Planning for Dentists. Javits Center

Altfest, L. (2014, December). Long Island Dentists' Personal Financial Forum . Investment Strategies For Today. Altfest Personal Wealth Management, United States

Altfest, L. (2014, November). Westchester Dentists' Personal Financial Forum . Investment Strategies For Today. Altfest Personal Wealth Management, United States

Altfest, L. (2014, September 27). 2014 FPANY Financial Fitness Workshop. How to Construct a Diversified Investment Portfolio- Level II. New York University Law School, United States

Altfest, L. (2014, August). Manhattan Dentists' Personal Financial Forum . Investment Strategies For Today. Altfest Personal Wealth Management, United States

Altfest, L. (2014, March). Barron's Top 100 Independent Advisors Summit. Running a Living Breathing Financial Planning Organization. Barron's, Phoenix, AZ

Altfest, L. (2012, December 14). Long Island Dentists' Personal Finance Symposium. Post-Election Investment Planning. New Hyde Park, NY

Altfest, L. (2012, December 7). Sigma Alpha Delta Induction Ceremony. Baruch College, Baruch College, Newman VC

Altfest, L. (2012, November 26). Greater New York Dental Meeting. Post-Election Investment and Financial Planning for Dentists. Javits Center

Altfest, L. (2012, September 29). 2012 FPANY Financial Fitness Workshop. How to Construct a Diversified Investment Portfolio- Level II. New York University Law School

Altfest, L. (2012, April 17). Ninth District Dental Society General Membership Meeting. Maximizing Investments for Dentists. Ninth District Dental Society

Altfest, L. (2012, March 30). Peninsula Hosptial Dental Society Meeting. Maximizing Investments for Dentists. Peninsula Hospital Dental Society

Altfest, L. (2012, March 22). Barron's Winner's Circle. A Discussion on Global Risk & Its Effect on Asset Classes. Barron's, Phoenix Arizona

Altfest, L. (2012, March 13). Family Business Management. Baruch College, Baruch College, Newman VC

MEDIA CONTRIBUTIONS

  • TheStreet.com [Internet], December 23 2016
    "Should We Expect a Trade War Under Trump?"
  • New York Times [Newspaper], December 9 2016
    "How to Play the Trump Stock Market Rally"
  • Asset TV [Internet], September 27 2016
    "Author of "Personal Financial Planning" Textbook Releases 2nd Edition"
  • Financial-Planning.com [Internet], September 9 2016
    "Advisers may find a successor close to home"
  • Wall Street Journal [Newspaper], June 24 2016
    "Brexit is No 'Armageddon' as Advisers Calm Jittery Investors"
  • MarketWatch.com [Magazine], February 18 2016
    "Opinion: Investors just went bonkers, so you know it's time to buy stocks"
  • Money [Magazine], February 17 2016
    "Buy, Sell or Hold? What to Do With the 10 Most Popular Stocks and Funds"
  • New York Times [Newspaper], January 15 2016
    "When Emerging Markets Roar, Stand Your Ground"
  • New York Post [Newspaper], November 14 2015
    Quoted in “The Government's New Retirement Plan Doesn't Deliver”
  • The Wall Street Journal [Newspaper], November 9 2015
    Quoted in “A Year-End Game Plan for Investors”
  • Money Magazine [Magazine], October 2015
    Quoted in “How to Stay Zen About the Market”
  • Money Magazine [Magazine], September 2015
    Quoted in “Clear Thinking For a Noisy Market”
  • USA Today [Newspaper], June 15 2015
    Quoted in “How To Break Americans of Shortsighted Saving Habits”
  • Wall Street Journal online at WSJ.com [Internet], June 14 2015
    Quoted in “Considering Alternatives Investments? Factor in Illiquidity”
  • The New York Times [Newspaper], February 15 2015
    Quoted in “Surviving the Perils of the Quest for Higher Yield”
  • Reuters TV [TV], October 2014
    I appeared in an interview to discuss retirement.
  • The New York Daily News [Newspaper], July 2014
    I commented on municipal bonds in response to a reader's inquiry in the article "Money Pros: Municipal Bonds Can Be Very Attractive For Those in a Tax Bracket of At Least 20%."
  • Money Magazine [Newspaper], July 2014
    Commented on an exchange traded fund and the volativity of gold in the article "X-Ray: SPDR Gold Shares
  • CNBC.com & Entrepreneur.com [Internet], April 2014
    In the article "Investors, Collectible Toys Aren't Child's Play," I shared my concern about viewing collectibles as investments.
  • New York Post [Newspaper], April 2014
    In preparation for filing taxes, I shared some tax deduction tips in the article "The most often missed tax tip: take all the deductions."
  • CNBC.com [Internet], February 2014
    I discussed the importance of communication regarding a couple's finances in the article "More Spouses Are Cheating (Financial, Anyway).” The article highlights the increasing number of people who deceive their partner about purchases made, debts incurred, and money earned.
  • Kiplinger's Personal Finance [Magazine], February 2014
    I shared my thoughts on capital appreciation and stocks that have good dividend yields for the article "Insider Tips: How Investors Can Prosper in 2014."
  • New York Times [Newspaper], January 2014
    I was interviewed for "In Search of Europe's Growth Stories," where I discussed how investors view the European economy and the impact that cost-cutting and the return to core business principles will have on businesses in Europe.
  • The Wall Street Journal [Newspaper], November 9 2012
    Discussed the impending fiscal cliff in "How to Play the 'Fiscal Cliff'"
  • The Wall Street Journal [Newspaper], November 9 2012
    Discussed the impending fiscal cliff in "How to Play the 'Fiscal Cliff'"
  • The Wall Street Journal [Newspaper], October 3 2012
    Discussed how investors can develop a disciplined approach to investing in "Stop Me Before I Do Something Stupid," by Michael Pollock
  • Financial Advisor Magazine [Magazine], October 1 2012
    listed among the publication's Research Manager All-Star Team list.
  • Bloomberg [Internet], September 27 2012
    Quoted in "Deutsche Bank Leads Euro Stoxx-Tied Note Sales."
  • InvestmentNews [Magazine], September 10 2012
    Appeared in the article, "It's Suddenly Hard to Extract Value from Mining Companies."
  • USA Today [Newspaper], August 16 2012
    Quoted in the article, "High-yield Muni Funds Can Make Some Money, But Risk's High," by John Waggoner.
  • CNN Money [Internet], August 13 2012
    Offered advice in the piece, "Should I Borrow From MY 401(k) to Pay My Bills?," by Austin Kilham.
  • The Wall Street Journal [Newspaper], August 3 2012
    Quoted in article, "Dividends of Going Global," by Steven Rosenbush.
  • New York Daily News [Newspaper], July 16 2012
    Quoted in article, "Tax-Advantaged Municipal bonds Offer Attractive Yields, but Be Mindful of the Risks," by Phyllis Furman.
  • Dow Jones Newswire [Other], July 11 2012
    Quoted in article, "A Difference Between Collecting and Investing," by Caitlin Nish.
  • The Wall Street Journal [Newspaper], July 9 2012
    Quoted in the article, "ETFs for High-Yield Exposure," by Steven Rosenbush.
  • The Wall Street Journal [Newspaper], May 14 2012
    Featured in "Are Variable Annuities a Good Investment," in WSJ Personal Finance column.
  • The Wall Street Journal [Newspaper], March 25 2012
    Quoted in "Dividends Are Great, But Not Perfect," by Michael Pollock.
  • USA Today [Newspaper], March 8 2012
    Quoted in "Is the end near for 3-year-old bull market?" article By Adam Shell.
  • The Wall Street Journal [Newspaper], February 6 2012
    Quoted in article titled, 'Why Dividend Stocks Aren't the New Bonds," by Michael A. Pollock.
  • Barron's Online [Internet], January 7 2012
    Quoted in article titled, "Sequoia Grows to the Sky," by Michael Shari.

PROFESSIONAL MEMBERSHIPS

  • Academy of Financial Services [Articles Committee] 1989
    Have seventeen academic researchers in personal finance
  • American Finance Association 1987
  • Financial Management Association 1987
  • Financial Planning Association [Former NY Board Member] 1987
    Majority of financial planners, NY chapter
  • New York Society of Security Analysts 1987
  • The National Association of Personal Financial Advisors [Former Board of Directors Member] 1983
    Umbrella for Fee-Only financial advisors
  • CFA Institute [Member] , September 1 , 1975
    Umbrella for security analysits and portfolio managers
  • American Institute of Certified Public Accountants [Member] 1968
    CPAs

UNIVERSITY SERVICE

  • Department of Finance Tenure and Promotions Committee [Committee Chair]
    Desc: Description given in Narrative Question 7.
  • Lubin Faculty Affairs Committee [Committee Member]
    Desc: Description given in Narrative Question 7.
  • Lubin Graduate Academic Standard Committee [Committee Member]
    Desc: Description given in Narrative Question 7.
  • Lubin Graduate Admission Committee [Committee Member]
    Desc: Description given in Narrative Question 7.
  • Graduate Finance Club [Guest Speaker]
    Desc: Panelist for the Graduate Finance Club's Wealth Management Panel. Questions included: Please define and describe Wealth Management. What is your primary role as President of a boutique Wealth Management firm? How is your company structured? How does it differ from the large advisory firms? What does a normal workday look like for you or someone just starting in the business? What characteristics make a good/great Financial Advisor? Is there anything at school that one can do to prepare for this career? What advice would you give to students interested in your field? What are the various career paths one can take in this business? What are the pros and the cons? If you were hiring a student to your company, what would you be most interested in to find on that person's resume? How do changes in the economy affect your company and work situation?
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