Matt Eitner is a finance executive with a long career providing wealth and investment advisory services to organizations and wealthy individuals. The CEO of Laidlaw & Company, Matt Eitner was instrumental in spearheading that firm’s expansion into the healthcare market. Healthcare is an increasingly attractive field, and a report from BNP Paribas laid out some of the reasons why.
First and foremost, the healthcare market has been outperforming the broader market in the long-term, and there are indications that this trend will continue. As people are getting older across the globe, healthcare costs associated with age are expected to grow as well.
Additionally, as massive economies such as China and other emerging regions become wealthier, the wealth effect will lead to increased spending on healthcare. Healthcare expenses, as a percentage of GDP, have been climbing in virtually every economy.
Furthermore, innovation in this currently undervalued sector is pervasive. Healthcare is a field ripe for disruption, and there are many organizations poised to create innovation in various areas, presenting ample investment opportunities.
During his nine years with Laidlaw & Company, chief executive officer Matt Eitner has focused his efforts on finding opportunities in which to invest. When investing in healthcare, Matt Eitner belongs to class of investors who rely on private equity funding. This method of investment funding provides investors with stability because of the constants found in private equity.
The first constant is the use of advancing technologies to make sure productivity benchmarks are made in the companies invested in. Whether it involves making processes more efficient, maximizing efficiency, or improving customer service, private equity managers will always look at ways to improve productivity. This strategy also includes integrating advanced technologies (such as analytical and predictive business tools) into the business that make operations more efficient.
Another constant is that of private equity managers focusing on ways to create organic growth for the business. Again, new technologies will play a role in analyzing the business, but managers do well with a portfolio that has a defined market and a stable, consistent source of revenue.
Finally, the strategy of seeking out acquisition opportunities with competitors that have comparable packages is another constant. A 2012 study reported that mergers and acquisitions was one of the principal ways that managers filled out portfolios. By finding efficient operations that can be combined managers can quickly increase a firm’s market share, especially in mature industries.
A veteran of the financial world, Matt Eitner is the chief executive officer of investment bank Laidlaw & Company Ltd. From his New York office, Matt Eitner provides wealth management services to the firm’s clients.
Your wealth manager is the person who will manage your wealth actively to ensure it delivers returns in line with your financial goals and needs. Therefore, your choice of manager is crucial. But how do you decide which wealth manager is best for you?
There are many considerations to make when vetting potential candidates:
–Credentials. What credentials does the wealth manager have? Ask whether he/she is a Certified Financial Planner or holds any other relevant credentials.
–Past performance. Ask about the candidate’s past investment performance. For example, you can ask him/her to compare his/her performance in the last five years with a benchmark such as the Financial Times Stock Exchange (FTSE) 100. Wealth managers who consistently outperform this benchmark are a good start.
–Your investment profile. Settle for a wealth manager who understands your investment needs and profile. This takes into account your risk appetite and tolerance for volatility. This way he/she can tailor an investment plan to match your profile.
–Cost versus value. Do not get transfixed by the cost of one wealth manager over another. Look at the overall picture. If you want to grow your wealth, a manager who offers tons of value at a higher price is better than one who offers no value at a cheaper price.