Kenneth Mittelbrun, a Morgan Stanley financial advisor in Troy, Michigan, has 13 years of industry experience.
Morgan Stanley is a global leader in executing transactions in cash equities and equity-related instruments for institutional clients worldwide. These include common stocks, global depository receipts, and exchange-traded funds.
Kenneth Mittelbrun: Early Days
Kenneth Mittelbrun is a financial advisor with 13 years of expertise in this industry. Mittelbrun is a Morgan Stanley advisory team. Mittelbrun has previously worked with Citigroup Global Markets Inc, Morgan Stanley Smith Barney, and Morgan Stanley Private Bank, National Association. He holds Series 63 and Series 66 licences, qualifying them to work as a securities representative in Michigan and Texas.
Source: Mittelburn
Kenneth Mittelburn began his professional career in 1993 at Citigroup Global Markets Inc, where he worked for over a decade. He later worked at Morgan Stanley Smith Barney and Morgan Stanley Private Bank in 2009.
Kenneth is registered in the states of Michigan and Texas.
Morgan Stanley serves many of the world’s most sophisticated investors and is one of the nation’s leading firms for assisting clients with their wealth.
An Overview of Morgan Stanley
Morgan Stanley is a worldwide investment bank and financial services firm located in Midtown Manhattan, New York City, at 1585 Broadway. The firm’s clients include organizations, governments, institutions, and individuals, and it has offices in 41 countries and over 75,000 workers. Morgan Stanley was rated 61st on the 2021 Fortune 500 ranking of the top firms in the United States by total revenue.
History
The original Morgan Stanley was founded on September 16, 1935, by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others in response to the Glass-Steagall Act, which required the separation of American commercial and investment banking businesses. In its first year, the business had a 24% market share in public offerings (US$1.1 billion).
Source: Google
In 1997, the original Morgan Stanley merged with Dean Witter Discover & Co. to form the current Morgan Stanley. Philip J. Purcell, the Chairman and CEO of Dean Witter, became the Chairman and CEO of the newly merged “Morgan Stanley Dean Witter Discover & Co.” In 2001, the new firm returned to the name “Morgan Stanley.” Today, the firm’s major lines of business include institutional securities, wealth management, and investment management.
What does Kenneth Mittelbrun Offer to his Clients?
As a Financial Advisor, Kenneth has experience with the unique challenges, styles, and strategies that separate wealthy investors.
I will work with you to maintain and grow your wealth, relying on the expertise of seasoned investment professionals, a leading trading and execution platform, and a wide range of investment options.”
The following are the primary Advisory services in which he helps his clients:
Retirement
He understands clients’ life objectives and creates a customised wealth strategy.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Investing
He works closely with clients to guide their wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Family
Creates customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long-Term Care Insurance
- Special Needs Planning
- Trust Services
Business Planning
Assists clients with key aspects of their business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Philanthropy
He also makes sure clients’ philanthropic dollars are managed with the same high-quality service as the rest of their wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Kenneth Mittelbrun: Disclosures
According to the Investment Adviser Public Disclosure report, a customer dispute type of disclosure has been reported against Kenneth Mittelbrun.
A customer dispute may include a consumer-initiated, customer-related complaint, arbitration proceeding or civil suit that contains allegations of sales practice violations against the individual.
Kenneth was employed by Citigroup Global Markets, Inc. when activities occurred which led to the complaint.
The customer alleged improper handling of accounts between approximately 1999 through 2002 and the alleged damages are $2,000,000.00.
What is an IRA & What are its Benefits?
An IRA, or individual retirement account, is a retirement account that allows you to delay paying taxes until the money is withdrawn. It’s similar to a 401(k), except instead of your company managing the account, you choose and handle it yourself.
IRAs can earn interest based on the money you put into them. The greater your contribution, the more money you may have in retirement. The specifics and tax benefits of your IRA are determined by whether you choose a traditional or Roth IRA.
Benefits
The following are a few benefits of opening an IRA account:
You can save money for retirement.
Traditional IRAs grow tax-deferred, whereas Roth IRAs grow tax-free, so the money you invest now can lead to more money when you need it in retirement.
You decide how you contribute
If you are under 50 years old at the end of the year in 2023, the most you can contribute to all of your traditional and Roth IRAs is $6,500. After the age of 50, you can contribute up to $7,500 every year, providing you with the freedom to choose how much money you want to invest each year. Furthermore, contributions to a traditional IRA may be tax deductible.
Tax-free withdrawals in retirement
Depending on the rules of your IRA, you may be able to withdraw your contributions and receive interest tax-free. Some first-time purchases, such as a home or education expenses, may also be withdrawn penalty-free from a traditional IRA, subject to specified limits.
Why you should invest in gold in 2023
If you’re thinking about investing in gold, here are several advantages to consider.
Gold is considered a hedge against inflation
Gold and other precious metals have long been regarded as an intelligent choice against inflation. This is because, despite currency swings, it tends to keep its value and preserve your spending power over time.
“As inflation remains high, this could be an excellent time to increase allocations to gold,” says Frank Trotter, president of Battle Bank. “Over time, analysts have shown that gold is a good inflation hedge.”
The Personal Consumer Expenditures (PCE) index measures the prices that Americans spend on products and services. In 2022, the index ranged from 6% to 7%, which was substantially above the country’s historical standards. It was also substantially greater than the Federal Reserve’s goal rate of 2%.
According to economists, the economy may not reach that level until 2025, if at all, making gold an even more appealing investment to consider today.
“Based on recent economic data and the Fed’s position, it appears unlikely that the economic pain will be alleviated anytime soon.” In fact, it’s likely to become worse, says Richard Gardner, CEO of financial technology business Modulus Global.
You can diversify your portfolio with gold
When an economy enters a recession, so does the stock market. During a recession, real estate assets may also lose value. During an economic slump, however, gold can be an excellent strategy to assure a diverse portfolio. Diversification reduces your exposure to risky investments and mitigates the impact of any losses.
“If investors are anticipating a possible recession and possibly stagflation, reallocating into gold can be an appropriate choice as they reduce exposure to stocks and bonds,” Trotter adds.
Gold helps with liquidity
In a recession, liquidity — or the ability to swiftly sell assets for cash — is critical. If you run into financial difficulties, you can sell your assets and still pay your payments and other obligations.
Stocks, bonds, real estate, collectibles, and other tangible assets are often regarded as illiquid investments. They’re difficult to convert into useable dollars, especially when demand for those things is low. Who wants to buy rare artwork when they can’t pay their bills?
Gold, on the other hand, is extremely liquid and can be readily swapped for cash, making it an excellent investment during downturns. Gold is a useful addition to diversify a portfolio due to its price stability as well as its high value.
Conclusion
In conclusion, Kenneth Mittelbrun is a highly accomplished financial advisor with a wealth of experience and knowledge. He is a valuable asset to Morgan Stanley and its clients.
However, Morgan Stanley is not a good option for investors looking to secure their investment with a physical Gold IRA, while Augusta Precious Metals is a considerably superior option.
Each state has its own regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.
Find the best Gold IRA company in your state