OnWallStreet.com Names Vistage Trusted Advisor Gregory Hersch to Financial Advisors 40 Under 40

For (31-year old) Gregory Hersch ( USB New York ), the most important job skill is listening. He enjoys learning his clients’ goals, objectives, values and risk tolerances—and then mapping out customized plans to address them. He works with about 30 families, mostly over the age of 50. “When I go into meetings with a prospective client who may have decades of life experience ahead of me, they may wonder how I could be prepared,” he says. But once they realize his full knowledge, they’re usually appeased. In the summer of 2007, he grew cautious on the housing market and overweighted his portfolios with hedge fund manager John Paulson. Throughout 2008, he cut equity exposure from 65% to 20%, and built up 40% in cash. The following year, he repositioned for recovery, reinvesting that cash in senior credit instruments. Now he is buying shorter bonds and low volatility hedge funds. He believes loose monetary policy will produce a few more good quarters for equities, but is cautious thereafter, expecting sovereign concerns to manifest again. (As reported by Vanessa Dricker)

For more information on the Financlal Advisors 40 under 40, please visit OnWallStreet.com