Mitchell D. Eichen
Encyclopedia
Mitchell D. Eichen is the founder and CEO of The MDE Group, a New York
- and New Jersey
-based wealth management
firm, and Risk 3.0 Asset Management, an asset management firm.
, trust, and estate
law for Shanley & Fisher, P.C. (now Drinker Biddle & Reath
), a law firm in Morristown, New Jersey
. Following that he became a Senior Financial Counselor for the Bank of New York
before founding The MDE Group in 1987.
. For the past four years Eichen has been ranked in the top 25 on Barron’s list of Top Independent Financial Advisers. In 2009 Wealth Manager Magazine ranked MDE second in New Jersey by assets under management per client.
in an article titled “A Focus on Preservation” , on CNBC
in a segment titled "Risk First, Then Return.", and in a variety of other financial and business publications.
MDE has also launched Risk 3.0 Asset Management as a provider of investment solutions for other wealth advisors
and institutional investors. These solutions include Risk 3.0 Planned Return Strategy, Risk 3.0 Accelerated Return Strategy, and Risk 3.0 Third Rail Strategy, all of which use ETFs
and publicly traded options to deliver a consistent pattern of returns for investors. Reporting on the launch, Financial Advisor Magazine quoted Eichen as saying: "This idea is starting to gain traction among RIAs ... I think this is going to be the major area of growth for us and I think, within a year, it will be an accepted strategy throughout the industry." InvestmentNews and AdvisorOne have both also covered the launch of this platform of investment solutions. Eichen has partnered with business strategist and former CBS
and Fox News Channel
executive Mark Pearlman
to design and execute the launch of Risk 3.0 and Risk 3.0 Asset Management.
, where he writes about investment and wealth management topics with a special emphasis on risk. Eichen is also a regular guest on broadcast channels such as CNBC
and Fox Business Network
where he provides market and investment analysis and commentary.
In addition, Eichen has published several research articles in the Journal of Financial Planning
, including “The Future of Hedge Funds: Five Emerging Trends”, and “Investor Mistakes 101.” He also lectures on a variety of financial topics for groups such as The American Association of Individual Investors
, The Georgetown University
Alumni Association and The Structured Products Americas Conference. and is a member of the Financial Advisory Board to the Rutgers University
Graduate School of Business.
in taxation from the New York University School of Law
Graduate Division and a J.D.
from Georgetown University Law Center
. He graduated magna cum laude with a B.A. in economics from Rutgers University
.
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
- and New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
-based wealth management
Wealth management
Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services...
firm, and Risk 3.0 Asset Management, an asset management firm.
Early career
Eichen began his career practicing taxTax law
Tax law is the codified system of laws that describes government levies on economic transactions, commonly called taxes.-Major issues:Primary taxation issues facing the governments world over include;* taxes on income and wealth...
, trust, and estate
Estate planning
Estate planning is the process of anticipating and arranging for the disposal of an estate. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses...
law for Shanley & Fisher, P.C. (now Drinker Biddle & Reath
Drinker Biddle & Reath
Drinker Biddle & Reath LLP is a national law firm founded in Philadelphia in 1849 by John Christian Bullitt. The firm has 650 lawyers located in 11 offices in the United States: Philadelphia; Chicago; Washington, D.C.; Florham Park; Princeton; New York City; Albany; Los Angeles; San Francisco;...
), a law firm in Morristown, New Jersey
Morristown, New Jersey
Morristown is a town in Morris County, New Jersey, United States. As of the 2010 United States Census, the town population was 18,411. It is the county seat of Morris County. Morristown became characterized as "the military capital of the American Revolution" because of its strategic role in the...
. Following that he became a Senior Financial Counselor for the Bank of New York
Bank of New York
The Bank of New York was a global financial services company established in 1784 by the American Founding Father Alexander Hamilton. It existed until its merger with the Mellon Financial Corporation on July 2, 2007...
before founding The MDE Group in 1987.
The MDE Group
Since Eichen founded The MDE Group in Morristown more than 23 years ago, the firm has grown in size and prestige. Specializing in both asset management and comprehensive wealth management, The MDE Group now has more than $1.3 billion in assets under managementAssets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
. For the past four years Eichen has been ranked in the top 25 on Barron’s list of Top Independent Financial Advisers. In 2009 Wealth Manager Magazine ranked MDE second in New Jersey by assets under management per client.
Risk 3.0
Eichen has led The MDE Group’s launch of a new perspective on investment risk and return called Risk 3.0. Risk 3.0 was launched as a “risk-centric approach to investing that … addresses the current challenging investment environment.” The MDE Group’s investment strategies were subsequently covered in The Wall Street JournalThe Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
in an article titled “A Focus on Preservation” , on CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
in a segment titled "Risk First, Then Return.", and in a variety of other financial and business publications.
MDE has also launched Risk 3.0 Asset Management as a provider of investment solutions for other wealth advisors
Registered Investment Advisor
The term Registered Investment Adviser is used to describe an Investment Adviser who is registered with the Securities and Exchange Commission or a state's securities agency. The term has been popularized due to its use within the Investment Advisers Act of 1940 and its association to the term...
and institutional investors. These solutions include Risk 3.0 Planned Return Strategy, Risk 3.0 Accelerated Return Strategy, and Risk 3.0 Third Rail Strategy, all of which use ETFs
Exchange-traded fund
An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as the S&P 500 or MSCI EAFE...
and publicly traded options to deliver a consistent pattern of returns for investors. Reporting on the launch, Financial Advisor Magazine quoted Eichen as saying: "This idea is starting to gain traction among RIAs ... I think this is going to be the major area of growth for us and I think, within a year, it will be an accepted strategy throughout the industry." InvestmentNews and AdvisorOne have both also covered the launch of this platform of investment solutions. Eichen has partnered with business strategist and former CBS
CBS
CBS Broadcasting Inc. is a major US commercial broadcasting television network, which started as a radio network. The name is derived from the initials of the network's former name, Columbia Broadcasting System. The network is sometimes referred to as the "Eye Network" in reference to the shape of...
and Fox News Channel
Fox News Channel
Fox News Channel , often called Fox News, is a cable and satellite television news channel owned by the Fox Entertainment Group, a subsidiary of News Corporation...
executive Mark Pearlman
Mark Pearlman
Mark Pearlman is a media executive, business and market strategist, and non-profit activist in New York City. In 2010 Pearlman joined Mitchell Eichen and , a New York- and New Jersey-based wealth management firm, to launch an asset management unit and investment platform called Risk 3.0...
to design and execute the launch of Risk 3.0 and Risk 3.0 Asset Management.
Authorship and Appearances
Eichen is frequently quoted in the financial media and is a columnist on Forbes.comForbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
, where he writes about investment and wealth management topics with a special emphasis on risk. Eichen is also a regular guest on broadcast channels such as CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
and Fox Business Network
Fox Business Network
Fox Business Network is an American cable news and satellite news television channel that began broadcasting on October 15, 2007. It is owned by the Fox Entertainment Group, part of Rupert Murdoch's News Corporation...
where he provides market and investment analysis and commentary.
In addition, Eichen has published several research articles in the Journal of Financial Planning
Financial Planning Association
The Financial Planning Association , created in 2000 through the merger of the Institute of Certified Financial Planners and the International Association for Financial Planning , is a leadership and advocacy organization for those who provide, support and benefit from financial planning...
, including “The Future of Hedge Funds: Five Emerging Trends”, and “Investor Mistakes 101.” He also lectures on a variety of financial topics for groups such as The American Association of Individual Investors
American Association of Individual Investors
The American Association of Individual Investors is a nonprofit organization with about 150,000 members whose purpose is to educate individual investors regarding stock market portolios, financial planning, and retirement accounts...
, The Georgetown University
Georgetown University
Georgetown University is a private, Jesuit, research university whose main campus is in the Georgetown neighborhood of Washington, D.C. Founded in 1789, it is the oldest Catholic university in the United States...
Alumni Association and The Structured Products Americas Conference. and is a member of the Financial Advisory Board to the Rutgers University
Rutgers University
Rutgers, The State University of New Jersey , is the largest institution for higher education in New Jersey, United States. It was originally chartered as Queen's College in 1766. It is the eighth-oldest college in the United States and one of the nine Colonial colleges founded before the American...
Graduate School of Business.
Education
Eichen has an LL.MMaster of Laws
The Master of Laws is an advanced academic degree, pursued by those holding a professional law degree, and is commonly abbreviated LL.M. from its Latin name, Legum Magister. The University of Oxford names its taught masters of laws B.C.L...
in taxation from the New York University School of Law
New York University School of Law
The New York University School of Law is the law school of New York University. Established in 1835, the school offers the J.D., LL.M., and J.S.D. degrees in law, and is located in Greenwich Village, in the New York City borough of Manhattan....
Graduate Division and a J.D.
Juris Doctor
Juris Doctor is a professional doctorate and first professional graduate degree in law.The degree was first awarded by Harvard University in the United States in the late 19th century and was created as a modern version of the old European doctor of law degree Juris Doctor (see etymology and...
from Georgetown University Law Center
Georgetown University Law Center
Georgetown University Law Center is the law school of Georgetown University, located in Washington, D.C.. Established in 1870, the Law Center offers J.D., LL.M., and S.J.D. degrees in law...
. He graduated magna cum laude with a B.A. in economics from Rutgers University
Rutgers University
Rutgers, The State University of New Jersey , is the largest institution for higher education in New Jersey, United States. It was originally chartered as Queen's College in 1766. It is the eighth-oldest college in the United States and one of the nine Colonial colleges founded before the American...
.