Altfest Insights

ArticleBuilding a Family Practice Over 40 Years



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By Kevin Adler | NAPFA Advisor


Lewis and Karen Altfest of Altfest Personal Wealth Management

The story of New York City-based Altfest Personal Wealth Management is unusual, if not unique, in the annals of early Fee-Only firms.

Soon after Lewis Altfest launched his advisory business in 1983, his wife, Karen, marched through the door and declared that she would take a significant role as well. They have led the firm ever since. “We complement each other,” says Lew, the firm’s CEO and holder of a Ph.D. in investment analysis, as well as the CFA®, CFP®, CPA®, and PFS® credentials. “I’m more analytical, and she’s more social.”

With both parents as principals, the business was family dinner table conversation to the extent that their son Andrew is now president and will continue to run Altfest Personal Wealth Management when Karen and Lew retire. “In our family, there was no separation of talking business and pleasure,” says Karen, executive vice president, who also holds a Ph.D.

Read the complete article here.


Investment advisory services provided by Altfest Personal Wealth Management (“APWM”). All written content on this site is for information purposes only. Opinions expressed herein are solely those of APWM, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

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