About the Grasshopper The
grasshopper was affixed to the Gresham family's coat of arms
by Sir Thomas Gresham (1519-1579), financial agent to both
Henry VIII and Queen Elizabeth I of England. Sir Thomas
represented the royal crown in financing the war against the
Spanish Armada and founded Gresham College in London. He is
also credited with saving the British currency through the
introduction of bimetallic currency, which led to the
hoarding of gold coins while silver was used in commerce.
Gresham's Law refers to "good money driving out bad" -- a
business metaphor with many applications beyond finance. A
successful merchant, Sir Thomas Gresham founded the Royal
Exchange, a central marketplace for transactions that still
stands next to the Bank of England on Threadneedle Street in
London complete with an ornate cupola featuring the golden
grasshopper.
Photo of Steve Gresham by Wendy Barrows Photography
212.685.0799
Steve
Gresham
Wealth Management Specialist
Steve
Gresham's expertise is a result of his experience at all five
of the major distribution points in the wealth management
industry -- brokerage firms, private banks, insurance
companies, independent advisory firms, and professional
service companies serving accountants. He has a global
perspective with assignments that have reached beyond the
United States borders. His experience extends to Europe, Latin
America and Asia Pacific, as well as his work in Canada --
dating back to 1980.
Those who work with Steve
expect and receive the most current tactical expertise. Steve
Gresham is a recognized industry authority -- evidenced by
coverage in the national media, CNN, CNNfn,
PBS and in the pages of Fortune, Business
Week, National Underwriter, Investment News,
and American Banker.
Generation X usually isn’t perceived as being ready
for prime time when it comes to financial planning,
but consider a couple of stats regarding this
demographic. Take a look at a recent study by The
Phoenix Companies that studied high-net-worth
individuals with at least $1 million in investable
assets. Among this universe of paper millionaires in
America, the age group with the highest percentage
of people with more than $2 million was Generation
X, at 47%. The total sample survey—which also
comprised baby boomers and their parents’
generation—was 39%. And a four-year-old survey
conducted by MainStay, a division of New York Life
Investment Management, found that Gen Xers had an
average household income of $144,000 versus $131,000
for boomers and $87,000 for the boomers’
predecessors. More
»
Video Interview Sneak Preview Steve Gresham was recently
interviewed in Las Vegas at the Financial Advisors
Symposium by MoneyShow.com. Use the links below to
get the first look at a number of interview
segments:
"Advisors' Changing Roles"
With the role of the advisor having shifted
remarkably in recent years, Steve Gresham discusses
three main liabilities advisors must address as part
of an effective wealth management solution.
Play
»
"Beat the Market?"
Steve Gresham explains why he believes a mixture of
both alpha and beta funds might be best in today's
volatile markets. Play
»
"Inside an Alternative Asset Fund"
The current environment proves that stocks and bonds
aren't always the place to be, and here, Steve
Gresham discusses seven alternative asset classes
targeted in his firm's newest fund. Play
»
"Look at Alternatives"
Steve Gresham denounces the common belief that
alternative investments are reserved only for hedge
funds, instead explaining why many are prudent
investments for the masses. Play
»
At one time or another all of us
have said or done something that
was contrary to our own best
interest, damaging to an
important relationship or just
plain wrong. We kind of knew it
at the time, but we went ahead
and did it anyway. The question
is, why?
I learned about the Seven
Dragons from Laurie Skreslet,
the first Canadian citizen to
reach the summit of Mount
Everest. Laurie has spent many
years living among the Tibetan
people and the sherpas who guide
clients up the mountain. They
have taught him much about human
nature, and the ways in which
each of us can unwittingly
become self-saboteurs. More
»
Steve Gresham & Frank Waltman
receive the "Fund Marketer of the
Year" award.
"Stephen Gresham, executive
v.p. director of retail markets, and Frank Waltman,
senior v.p. of product development and management,
Phoenix Investment Partners. Gresham and Waltmen have
engineered a turnaround at Phoenix through the unusual
move of switching from a distribution strategy that was
80% managed accounts and 20% funds to the reverse in
2006. The team also sought to improve performance by
hiring subadvisors, adopting small institutional funds
and revamping existing funds. The duo's efforts have
paid off. With 10,000 new advisors and a campaign called
Small Funds, Big Performance, which generated over
$654.9 million in net flows through November 30."
