Silverman Strategies in the News: Post & Courier

A recent article in the Post & Courier, written by Adam Parker, discussed how the local economy has been weathering the financial storm created by Wall Street.  Josh was quoted as saying:

Josh Silverman used to work for Merrill Lynch, which was purchased by Bank of America last month for about $50 billion.

He said he saw the writing on the wall in 2006: There was a need for more alternative lending solutions. After all, Merrill Lynch was farming out a lot of business it considered too insignificant, Silverman said.

So he started Charleston-based Silverman Strategies, and became a registered investment adviser, helping to bring lenders and borrowers together through private equity or social venture arrangements. Silverman said the current blowup in financial markets has helped him.

“It actually made what I do more in demand,” he said. “Because people need advice.”

Big bankers and brokers don’t always do a good job keeping their customers informed about the condition of their investment portfolios, he said. What’s more, a lot of these managers now are out of work or moving between companies. So more people are calling Silverman for help.

Read the full article at the Post & Courier.