Economist Arthur Laffer, the inventor of the Laffer Curve, has been engaged as an economic advisor and consultant by wealth management firm 1st Global.
Laffer will advise 1st Globals Investment Management Solutions investment committee and he will also act as a consultant to the firms executive management team. He will provide analysis and advice regarding the current economic environment and its implications for not only the general business climate, but also its impact on the decisions made by the 1st Global IMS investment committee. Laffer will also provide quarterly economic commentary to 1st Global financial advisors, focusing on the tax‐optimized investment options provided by 1st Global tax‐centric advisors.
In addition to quarterly calls and written commentary, Laffer will consult directly with members of 1st Globals executive and investment committees, providing guidance to help create forward‐looking macroeconomic estimates as well as advice on U.S. federal tax policy changes and on investment implications and expected asset behavior as they relate to real and proposed changes in public policies. Laffer will also keynote the 1st Global National Conference, taking place Nov. 16, 2010, in San Antonio, Texas.
"Dr. Laffer will provide our valued partner firms with actionable economic analysis, said 1st Global CEO Tony Batman. Dr. Laffers unique insight will provide critical information that will aid in understanding the impact of monetary and fiscal policies on clients wealth management matters.
Laffer is the founder and chairman of Laffer Associates, an economic research firm that provides global investment‐research services to institutional asset managers, pension funds, financial institutions, and corporations. He was a member of President Reagans Economic Policy Advisory Board, a member of the Executive Committee of the Reagan/Bush Finance Committee in 1984, and a founding member of the Reagan Executive Advisory Committee for the presidential race of 1980. In addition, he advised Prime Minister Margaret Thatcher on fiscal policy in the United Kingdom during the 1980s. Laffer was an early proponent of supply side economics.
Earlier this year, 1st Global engaged Dr. Harry Markowitz, recipient of the 1990 Nobel Memorial Prize in Economic Sciences for his dissertation on Modern Portfolio Theory, as an advisor to its Investment Management Solutions investment committee and consultant to its Investment Management Research Group.
