Richard F. Karger, Chairman and CEO For over a hundred and thirteen years now, Rothschild Investment Corporation has been providing superior wealth management and retirement planning guidance to its clients locally and across the United States. Although investment options have changed since the founding of the firm in 1908, the basic tenants of investing have remained the same. Throughout its journey, Rothschild has remained consistent through various investing trends and helped clients achieve their investment objectives withprudent investments, diversification, and thoughtful risk management. As a result, Rothschild has been very successful in maintaining relationships with multiple generations of the same family. “We keep real continuity from generation to generation and build relationships with different generations as their needs change,” states Richard F. Karger, chairman, and CEO of Rothschild Investment Corporation.
With that specific need in mind, Richard brought on a younger partner, James A. Franke, CFA, 10 years ago to help insure that Rothschild’s rich legacy of superior investment management service would continue for future generations.“ Rothschild’s ability to customize investment solutions for each client’s specific goals allows us to successfully serve the investing needs of all generations of clients,” says Franke. As many of Richard’s earliest clients have shifted their attention to leaving a legacy for younger generations, he felt it was important that the firm had the resources to assist with the transfer of wealth and continue the firm’s role as a trusted advisor.
The hallmark of success for Rothschild Investment Corporation has always been the way they treat clients. “This business is centered on personal relationships and providing high-quality client service,” adds Karger.
Because of the relationships that we have built with families and their loyalty towards us, we continue managing their money
For instance, last summer during the pandemic, Richard had lunch with his very first investment advisory client. Forty-five years ago, the client started with a hundred thousand dollars, and today even after withdrawing over $3 million, the value of the account exceeds $4.6 million. A few years ago, the client also introduced his nephew to Rothschild. “Because of the relationships that we have built with families and their loyalty towards us, we continue managing their families’ money,” asserts Karger. One of the firm’s unique qualities is how they value generational continuity for their clients by setting up investment teams of different generations so that the older generation feels confident in passing on the stewardship of their assets to the next generation of Rothschild advisors.
The team at Rothschild Investment Corporation boasts of professionals with strong educational and practical backgrounds. Out of 40 employees at Rothschild Investment Corporation, half of them are portfolio managers or financial advisors, and a majority of the financial advisors are also the owners of the firm. “We look at it as a collaborative effort and we try to help each other put together the best comprehensive investment program for our clients,” says Karger. The experience of the team at Rothschild provided tremendous value to clients during the COVID-19 pandemic, where through regular communications with clients, they were able to successfully navigate the volatile markets of 2020.
Because Rothschild does minimal advertising most new clients are introduced to the firm by third party professionals like accountants and attorneys who have seen the success their other clients have enjoyed at Rothschild, referrals from existing clients, or through personal acquaintances of Rothschild’s advisors.
Forging ahead, Rothschild seeks to build on its over 100-year history as prudent stewards of capital by meeting the needs of the next generation of investors. The company is also entertaining inquiries about investments in the firm as it could ultimately help them better serve their clients down the road.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in BP during the 1st quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BP in the second quarter worth $33,000. First United Bank & Trust acquired a new position in BP during the fourth quarter valued at $33,000. Quent Capital LLC acquired a new stake in BP during the 2nd quarter worth about $38,000. Finally, Guardian Wealth Management Inc. raised its stake in shares of BP by 576.0% during the 4th quarter. Guardian Wealth Management Inc. now owns 1,129 shares of the oil and gas exploration company's stock valued at $40,000 after buying an additional 962 shares during the last quarter. Hedge funds and other institutional investors own 11.01% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Evercore ISI raised BP to a "strong-buy" rating in a report on Wednesday, July 31st. Scotiabank cut their target price on shares of BP from $47.00 to $42.00 and set a "sector outperform" rating for the company in a report on Friday, July 12th. HSBC downgraded shares of BP from a "buy" rating to a "hold" rating in a report on Thursday, August 8th. Hsbc Global Res upgraded BP to a "hold" rating in a research report on Thursday, August 8th. Finally, StockNews.com lowered shares of BP from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $44.23.