Peter Grandich, Former Wall Street Whiz Kid, is Deeply Rooted in Sports
By John Archibald, President & CEO Resolution Sports Resolution Promotions
Now in his 36th year in and around the financial industry, Peter Grandich has certainly taken the road less traveled to get where he is today.
After first entering Wall Street in the mid-1980s with neither formal education nor training, Grandich was appointed Head of Investment Strategy for a leading New York Stock Exchange member firm within three years. He would later hold positions as Chief Market Strategist and Portfolio Manager for four hedge funds and a mutual fund that bore his name. Grandich notably called the Stock Market Crash of October 1987, which led to him being dubbed the “Wall Street Whiz Kid” by industry pundits. He would earn that nickname by going on to correctly forecast major stock market declines and rallies in 2000, 2008 and perhaps his most accurate and timely forecast on January 1, 2020.
In his New Year’s commentary to clients and followers, he said the following:
“From today’s valuations, a mere cyclical mean reversion in stock market multiples implies a 50+% drawdown in prices. I do believe that when this bubble bursts in the relative not-too-distant future, that which follows will be America’s most difficult economic, political and social era ever. Accordingly, my generation (age 63) is not likely to see a significant financial asset bull market again in their lifetimes.”
How many investors today wish they were listening to Peter just a few months ago?
“If ever I wished one of my forecasts ended up wrong, it was my 2020 as the economic, social and political damage is acute,” said Grandich. “Despite the unbelievable damage, many continue to follow much of what has led them to such dire consequences from what I’ve coined as the Don’t Worry, Be Happy crowd that makes up much of the financial services industry these days.”
Grandich is now the owner and managing partner of Peter Grandich & Company, which focuses on retirement, business and estate planning. The firm uses a faith-based approach while providing specialized financial services to a wide range of clients across the nation, including individuals, business owners, entertainers and professional athletes. The underlying goal of Peter Grandich & Company is to help common people attain uncommon results.
With the assistance of co-founder and two-time Super Bowl champion Lee Rouson (New York Giants), Grandich assembled an extraordinary team of people who are available to offer direction and years of experience to clients who may require mentoring through his Trinity Advisory Board.
“In our continuing effort to build a team of values-based, faith-filled men and women who can provide their real life experiences and inspiration to our clientele, I feel our company has been truly blessed with the addition of these God-fearing people,” said Grandich. “Through God’s grace, we will continue to meet a number of athletes, entertainers and business people whose love for God will help serve our mandate.”
The Trinity Advisory Board includes highly-respected professionals of all backgrounds, such as New York Jets great Joe Klecko, U.S Soccer and Jersey Shore legend Christie Pearce Rampone, former New York Ranger Nick Fotiu, three-time Stanley Cup winner Ken Daneyko, Super Bowl champion David Tyree and former NFL quarterback Ray Lucas. Recently, the Trinity Advisory Board also added two very notable figures in New York Giants Ring of Honor member Jessie Armstead and former Rutgers Football standout turned entrepreneur and philanthropist Eric LeGrand.
“I am excited to join the Trinity Advisory Board of Peter Grandich and Company,” LeGrand said of his addition. “There are so many well-known athletes and celebrities on the Advisory Board, and I take great pleasure in now being included among this group. I have heard so many great things about Peter Grandich from a variety of people, and I really look forward to working together with him through this and other initiatives.”
Grandich also remains more deeply engrained in the sports community through strategic partnerships with the likes of Christie Pearce Rampone and David Tyree.
“In my life, I have been entrusted with much. None is more important than the opportunity to serve God and people,” said Tyree. “The Helmet Catch has provided a unique platform to be a servant of all, whether through sport, business or personal relationships. Peter Grandich has been a tremendous friend and supporter for many years.”
Grandich penned an autobiography entitled Confessions of a Former Wall Street Whiz Kid, which was first published in the fall of 2011. Most recently, a fourth edition of the book was published in 2019. The book is currently available on Amazon, but it can also read it for free online at PeterGrandich.com.
Over the years, Grandich has participated in hundreds of media interviews, including Good Morning America, Fox News, CNBC, Wall Street Journal, Barron’s, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more. He has spoken at investment conferences around the globe, edited numerous investment newsletters and was one of the more sought-after financial commentators.
Grandich has been a member of the National Association of Christian Financial Consultants, The New York Society of Security Analysts, The Society of Quantitative Analysts and The Markets Technician Association. He is an active supporter of Athletes in Action, the Fellowship of Christian Athletes, Good News International Ministries and Catholic Athletes For Christ. Through Athletes in Action, Grandich assisted with Bible study and chapel services for the New York Giants and New York Yankees from 2002 to 2016.
Grandich currently resides in New Jersey with his wife, Mary, and he has one daughter, Tara. He recently opened a satellite office for Peter Grandich & Company in Millstone Township, while still maintaining its corporate office in Spring Lake. The satellite office was established in order to better-serve its rapidly-growing client base in Western Monmouth County.
To hear more about Peter Grandich and Company, visit PeterGrandich.com or call (732) 642-3992 to schedule a consultation.