The collaborative chairman — and Tony Award winner — learned to listen and wait for consensus, at least most of the time
Feb 12, 2016 @ 12:30 pm | By Liz Skinner | Investment News
Joseph Deitch didn’t study business before starting advisory firm The Cambridge Group in 1978 or before founding broker-dealer Commonwealth a year later.
But the Boston born, international relations major succeeded with both until national market conditions started pulling financial institutions under in the 1980s.
With some help, he managed to right Commonwealth Financial Network, and the Waltham, Mass.-based company now boasts 1,650 advisers, $100 billion in assets and 775 employees.
Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.