He has over 36 years of experience in the investment company business in sales, sales management and executive management. is registered with the U.S. Securities and Exchange Commission as an investment adviser. Wesbury, who joined First Trust in 2006, is a frequent speaker at industry events and conferences. But Sondhelm also thinks the First Trust executive's social-media image may well result in First Trust "screening out those investors that would be offended and not want to work with them," he said. Attached file: First_Trust_Covid_19_Tracker_20201030.pdf (369 KB) Companies of Interest: Value in the aforementioned profile. Richard Berg is CEO and co-founder of Performance Trust Capital Partners, LLC, which trades and invests over $25 billion annually in fixed-income securities primarily for middle market institutions. Jim Bowen is CEO of First Trust Portfolios, L.P. and its affiliate, First Trust Advisors, L.P. Utilities Div. "I think they should fire every clerk. Jim Bowen, CEO of First Trust Portfolios LP, described himself as a right-winger as he delivered a bouncy, optimistic presentation about America's economy Data show the nations deficit is going down, he said, and that its gross domestic product is expanding. Universities Brazen Violations of Title IX. "But First Trust seems to be OK with it. Global Inf. ", "I always found that the advisors that were based in Chicago were much bigger users of First Trust products," Psarofagis said. Apart from some angry Twitter replies, Wesbury's and Stein's comments haven't seemed to get them in trouble with the company or its clients. Profile content is produced by SmartAsset independently of any Celebrate 40 Years ofForecasts & Strategiesat FreedomFest, July 13-16, Paris Resort, Las Vegas. Most recently he bought 20,000 units of FFA stock worth $354,800 on 7 March 2022. Many asset-management CEOs have publicly supported these moves, in part to attract a younger clientele and shed an old boys-club image that has dogged the industry for decades. With advisors having to keep track of so many different products, strategies, and firms, individual Twitter profiles like Wesbury's may not even come up in due-diligence processes. In 1995 and 1996, Wesbury also served as the chief economist for the US Congress Joint Economic Committee. The largest trade he's ever made was selling 350,000 units of First Trust Enhanced Equity Income Fund stock on 8 August 2018 worth over $14,700,000. firms or advisors. If First Trust wanted him to stop, they'd say, 'Stop.' Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") is a diversified, closed-end management investment company. A financial advisor's fees largely vary depending on which services are offered. & Income Fund. Up until recently, universities have engaged in illegal sex discrimination with impunity because they havent been challenged and held accountable for violating Title IX. Why? Wesbury, who also shared on Twitter that he used the app Parler, wrote in late December that he had been temporarily suspended from Twitter, in part, for "questioning our government's response to Covid." Its longer-term performance has likely helped: For instance, its second-largest ETF, the $8.8 billion First Trust Rising Dividend Achievers fund, produced double-digit returns over the three- and five-year periods ending in mid-May, outperforming most of the ETFs in its category, Morningstar data showed. & Income Fund is RichardErickson, 69, who is the Lead Independent Trustee. Key Principal: Jim Bowen See more contacts Industry: Money market mutual funds. Meanwhile, Bob Stein, First Trust's deputy chief economist, tweeted at the New York Yankees, mocking the team's official Twitter account for tweeting facts about gun violence in the wake of back-to-back mass shootings in the US. You will be glad you did. James Bowen is 65, he's been the Chairman of the Board of Trustees of Macquarie-First Tr. First Trust Advisors Lp has a number of services, such as portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, publication of newsletters and security rating services. Bob Goldsborough is a freelance reporter. https://www.markskousen.com/seven-golden-lessons-learned-on-wall-street-an-editors-perspective-after-40-years/, https://www.amazon.com/Man-Who-Solved-Market-Revolution/dp/073521798X, Five Agricultural Investments to Purchase Amid Russias Raging War, Want to Outperform the 60/40 Portfolio? "They are big on going to meetings and taking clients out. Under normal market conditions, the Fund pursues an integrated investment strategy in which the Fund invests substantially all of its Managed Assets in a diversified portfolio of commons stocks of U.S. corporations and U.S. dollar-denominated equity securities of non-U.S. issuers in each case that are traded on U.S. securities exchanges. He is the Chairman of the Board of the First Trust Funds and Chief Executive Officer of First Trust Advisors and First Trust Portfolios L.P. Until January 23, 2012, he served as President and Chief Executive Officer of the First Trust Funds. See Marisa Bowen's compensation, career history, education, & memberships. First Trust Enhanced Equity Income Fund (the "Fund") is a diversified, closed-end management investment company. And I hope the FBI is at the court faster than they went to the NASCAR track," Wesbury wrote in an apparent reference to the FBI's investigation of the professional race-car driver Bubba Wallace's complaints that he found a noose in his garage. (James Bowen: First Trust Outlook 1 CIMA hour)* BRIAN WESBURY | CHIEF ECONOMIST The named financial professional and firm have not reviewed, approved, or endorsed this profile and Addressing concerns raised by those on the left about carbon pollution, Bowen said climate changers should take heart that, for every gallon of water used to produce natural gas through hydraulic fracturing, Texas saved 33 gallons of water by generating electricity with that fracked natural gas instead of coal in 2011. Copyright 2023 Surperformance. Before delving into his talk, he set the tone: Since his Illinois-based investment management firm is privately held, he said, I dont care if you like me, because you cant short my stock.. JimBowen has built and led one of the fastest growing money management firms in America. Jim Bowen, 63, and his wife, Marisa, have listed a never-occupied, 3,300-square-foot condo unit in a luxury Gold Coast building for $3.75 million. On the other hand, employees at a public money manager "could get fired for doing something like that," he said. The sixth largest ETF provider in the United States, with $72 billion in its ETFs, First Trust has done a lot to shape the global industry. , James A. Bowen is CEO of First Trust Portfolios L.P. and its affiliate, First Trust Advisors L.P. For example, the Great Lakes region contains roughly 64 percent of North Americas surface fresh water. Long-lost ship found in Lake Huron, confirming tragic story, Latino Republicans push back on partys immigration agenda, For man behind gene-edited babies, a rocky return to science, TikTok banned on all Canadian government mobile devices, China says TikTok ban reflects U.S. insecurities, Hundreds of Washington plants, animals at risk of extinction. At least two First Trust executives have gone much further than that, posting comments on social media that industry experts told Insider could turn off investors. Simons success reminds me of the book Market Wizards, byJack Schwager, who interviewed technical traders who had done spectacularly well, but one could never figure out their system of achieving such success. Jim Bowen, 63, and his wife, Marisa, have listed a never-occupied, 3,300-square-foot condo unit in a luxury Gold Coast building for $3.75 million. While First Trust's chief economist, Wesbury, does not share his boss' alma mater he received his bachelor's degree in economics from the University of Montana and his MBA from Northwestern University's Kellogg Graduate School of Management he has served as an adjunct professor of economics at Wheaton College. In 2017, Bowen jokingly told an admiring crowd at the Fearless Investing Summit that his company was "privately held, so if you hate me, I could care less.". Other graduates of Wheaton College include John Southard, a PowerShares cofounder, and Robert D. Van Kampen, who founded mutual fund pioneer Van Kampen Funds. James A. Bowen serves as Chairman of the Board of Trustees of the Company. Probably," he added. Mr. James A. Bowen is a Chairman at First Trust Skybridge Income Fund, a Chairman at First Trust Dynamic Europe Equity Income Fund, a Chairman at First Trust New Opportunities MLP & Energy Fund, a Chairman at First Trust MLP & Energy Income Fund, a Chairman, President & Chief Executive Officer at First Trust Global Equity Dividend Fund, a Chairman, President & Chief Executive Officer at First Trust Global Resource Solution Fund, a Chairman, President & Chief Executive Officer at First Trust Strategic Allocation Fund, a Chairman at First Trust Energy Infrastructure Fund, a Chairman at First Trust High Income Long/Short Fund, a Chairman-Trustees Board at First Trust Specialty Finance & Financial Opportunities Fund, a Chairman-Trustees Board at First Trust/abrdn Emerging Opportunity Fund, a Chairman at First Trust Enhanced Equity Income Fund, a Chairman at First Trust Senior Floating Rate Income Fund II, a Chairman at Macquarie/First Trust Global Infra/Util Dividend & Income Fd, a Chairman at First Trust Energy Income & Growth Fund, a Chairman at First Trust Mortgage Income Fund, a Chairman at First Trust/abrdn Global Opportunity Income Fund, a Chairman at First Trust Intermediate Duration Preferred & Income Fund, a Chairman at BondWave LLC, a Chairman at First Trust Exchange-Traded Fund VIII, a Chairman of the Board at Stonebridge Advisors LLC, a President at First Trust Exchange-Traded Fund II and a President at The Charger Corp. The fund outperformed nearly 70% of ETFs in its Morningstar category for the 10-year period, according to late-May figures. There are no guarantees that working with an adviser will yield positive returns. 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