Gary Garland is putting his money where his advice is.
The 58-year-old wealth adviser just bought $450,000 of structured products, investing a big chunk of his cash alongside that of his clients. He spread his own money over three instruments, including two that should pay out whether US equities rise or fall — but especially if they fall.
“I love them,” says Garland, the founder of Integrated Wealth Solutions in Manalapan, New Jersey. “I don’t have anything else in my arsenal where you make money when the market goes down.”
Gary Garland at his office in Manalapan.
Photographer: Clark Hodgin/Bloomberg
Garland is one of a growing number of US financial ...