Bernard Reina, an advisor at Citi Personal Wealth Management in Los Angeles, says he got his start in the financial advisory industry in high school in Torrance, Calif, investing his dad's life savings.
Reina, the son of an Argentine immigrant who worked as a machinist in the Los Angeles aerospace industry, explains, My dad worked in a tool and die company that had an ESOP. He worked there for almost 30 years and as a result he collected about $175,000 as his share of the company when he left. That was in the late 1980s, and he told me to invest it for him. He laughs, I didnt really know what I was doing. I was just a kid. I bought companies like AOL, Microsoft and stuff, and I guess I got lucky. It was a good market and I built his assets up to close to half a million over a couple of years.
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