The fall of some of the largest, most respected names on Wall Street has left many financial industry workers without jobs, consumers feeling betrayed, Congress scrambling for a plan, and entrepreneurs wondering where their next infusions of cash might come from. While the country’s economic woes appear vast, the three “r”s of the recovery might boil down to job recruiting, money raising, and the future of financial regulation.
National Holdings is weathering the financial storm and locating great talent while doing so. Founded sixty years ago, National Holdings’ group of companies manages over seven hundred registered reps in approximately one hundred offices throughout the U.S. and abroad. National also provides CNBC’s daily “Fair Value Report,” and offers access to over fourteen thousand mutual funds, independent money manager accounts, best of breed hedge fund managers, private equity and venture capital funds, and real estate limited partnerships.
Mr. Goldwasser believes that the independent brokerage model could eventually come to rival the dominance of investment banks and major brokerage houses.
“Most independent broker-dealers are small enough to give clients the individualized attention that they deserve, but have the resources necessary to provide products and services competitive with the very largest firms,” Mr. Goldwasser explains. “In return for covering their own direct operating overhead, these independent contractors receive a higher payout. At the end of the day, rather than the prestige that comes from having a large financial institution handling their account, what clients really want is someone that is honest and will help them invest wisely with full transparency.”Raising Money
Mr. Sokolow, who is also a co-founder of vFinance Investments, Inc., a principal operating subsidiary of National Holdings that provides brokerage, trading, and investment banking services, suggests some practical advise for burgeoning entrepreneurs facing a challenging economic climate, including: considering what sectors are thriving at present and asking oneself if one’s business venture captures the spirit of the times; holding an initial round of friend and family financing; investigating the Small Business Administration’s (SBA) loan program; accessing federal funding opportunities that are beginning to proliferate; creating a detailed, well-defined, and realistic business plan with a strong advisory board/board of directors; and utilizing free resources, including www.vFinance.com, recognized as one of the primary online connection points between serious-minded entrepreneurs and the capital industry.
“Regardless of the challenges in the economic environment,” says Mr. Sokolow, “with a good idea, dogged determination, the right resources, and qualified advisors, it is always the time to thrive.”Regulation
Mr. Goldwasser also believes that the independent broker model is particularly well-suited for the coming paradigm shift. “Generally, larger institutions find it more difficult to institute sweeping changes,” says Mr. Goldwasser. “The bigger the organization, the thicker the bureaucracy and the more ingrained the culture of the institution. Independent professionals, with smaller offices, can be more nimble and adopt best practices and enhanced processes, which will serve them now and in the future.”
For those covering financial news, National Holdings Corporation makes available Mark “Goldie” Goldwasser and Leonard J. Sokolow to discuss a variety of topics including:• What can we expect from the future of investment banking?
• What opportunities exist in the current marketplace for investors?Expert Biography – Mark Goldwasser, CEO of National Holdings Corporation
Leonard J. Sokolow was the co-founder, Chairman of the Board of Directors and CEO of vFinance. “Lenny” as he is known in the industry is on the Board of Directors and Chairman of the Audit Committee for Consolidated Water Company Ltd. (NasdaqGS: CWCO). Lenny was also Founder, Chairman and Chief Executive Officer of the Americas Growth Fund, Inc., a closed-end 1940 Act investment management company, from 1994 to 1998 (NASDAQ: AGRO). From 1988 until 1993 he was a senior executive of Applica, Inc., formerly Windmere Corporation (NYSE: APN) serving as EVP and General Counsel in his last position. From 1982 until 1988, he practiced in corporate, securities and tax law and was one of the founding attorneys and a partner of an international boutique law firm. From 1980 until 1982 he worked for Ernst & Young and KPMG Peat Marwick. Lenny received his B.A. degree in Economics from the University of Florida in 1977, a J.D. degree from University of Florida Levin College of Law in 1980 and an LL.M. degree in Taxation from the New York University Graduate School of Law in 1982. Lenny is also a Certified Public Accountant. Lenny has shown vision as a business leader and an entrepreneur to create businesses and business opportunities by leveraging his vast business and professional experience in the global markets.
With their extensive experience in international financial markets, “Goldie” and “Lenny” have the balance and vision necessary to lead National Holdings Corporation. Additionally, National has an in-depth team of key management that consists of well-experienced executives and expert department heads to compliment and execute its vision.About National Holdings Corporation
Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
Europe's microtechnology industry is attuned to growth
10.03.2017 | IVAM Fachverband für Mikrotechnik
More and more automobile companies are focusing on body parts made of carbon fiber reinforced plastics (CFRP). However, manufacturing and repair costs must be further reduced in order to make CFRP more economical in use. Together with the Volkswagen AG and five other partners in the project HolQueSt 3D, the Laser Zentrum Hannover e.V. (LZH) has developed laser processes for the automatic trimming, drilling and repair of three-dimensional components.
Automated manufacturing processes are the basis for ultimately establishing the series production of CFRP components. In the project HolQueSt 3D, the LZH has...
Reflecting the structure of composites found in nature and the ancient world, researchers at the University of Illinois at Urbana-Champaign have synthesized thin carbon nanotube (CNT) textiles that exhibit both high electrical conductivity and a level of toughness that is about fifty times higher than copper films, currently used in electronics.
"The structural robustness of thin metal films has significant importance for the reliable operation of smart skin and flexible electronics including...
The nearby, giant radio galaxy M87 hosts a supermassive black hole (BH) and is well-known for its bright jet dominating the spectrum over ten orders of magnitude in frequency. Due to its proximity, jet prominence, and the large black hole mass, M87 is the best laboratory for investigating the formation, acceleration, and collimation of relativistic jets. A research team led by Silke Britzen from the Max Planck Institute for Radio Astronomy in Bonn, Germany, has found strong indication for turbulent processes connecting the accretion disk and the jet of that galaxy providing insights into the longstanding problem of the origin of astrophysical jets.
Supermassive black holes form some of the most enigmatic phenomena in astrophysics. Their enormous energy output is supposed to be generated by the...
The probability to find a certain number of photons inside a laser pulse usually corresponds to a classical distribution of independent events, the so-called...
Microprocessors based on atomically thin materials hold the promise of the evolution of traditional processors as well as new applications in the field of flexible electronics. Now, a TU Wien research team led by Thomas Müller has made a breakthrough in this field as part of an ongoing research project.
Two-dimensional materials, or 2D materials for short, are extremely versatile, although – or often more precisely because – they are made up of just one or a...
28.04.2017 | Event News
20.04.2017 | Event News
18.04.2017 | Event News
28.04.2017 | Medical Engineering
28.04.2017 | Earth Sciences
28.04.2017 | Life Sciences