Nicole Primack has never liked idle time. Just one day after
graduating from Vassar College in 1990, she started her first full-time
job on Wall Street. She never left.
These days, the Credit Suisse financial advisor wakes up at 4:30 a.m. daily. Within two hours, she has already made the commute from her suburban New Jersey home to the Credit Suisse headquarters in Manhattan's Flatiron district.
"It's a very disciplined lifestyle, almost robotic in a way," says Primack, who can sound as much like a life coach as a financial advisor. Her daily 6 a.m. exercise routine at the corporate gym is "like my caffeine," she says. At night, she won't go to sleep before finishing every item on her daily task list.
The routine pays off: Over the past two decades, Primack, 46, has built a thriving practice from the ground up. Her three-person team manages $1.2 billion in assets for 80 families, with a typical account of $10 million. Last year, Primack ranked No. 21 on Barron's list of Top 100 Women Advisors.
Primack has held tax-advantaged municipal bonds in her accounts, "in all interest-rate environments." The key, according to Primack, is to stick with the high-quality issues: water, sewer, power, infrastructure, and higher education. Those areas tend to avoid the blowups that have faced issuers with less-secure revenue streams.
"You don't buy Newark Airport ticket-receipt bonds," Primack offers as an example. "You buy the schools, the general-obligation bonds, the essential services."
Meanwhile, Primack is content to hold the bonds until maturity, or until they're called, collecting income regardless of what happens to interest rates.
Read more: Why a Top Credit Suisse Advisor Likes Europe - Barrons.com
These days, the Credit Suisse financial advisor wakes up at 4:30 a.m. daily. Within two hours, she has already made the commute from her suburban New Jersey home to the Credit Suisse headquarters in Manhattan's Flatiron district.
"It's a very disciplined lifestyle, almost robotic in a way," says Primack, who can sound as much like a life coach as a financial advisor. Her daily 6 a.m. exercise routine at the corporate gym is "like my caffeine," she says. At night, she won't go to sleep before finishing every item on her daily task list.
The routine pays off: Over the past two decades, Primack, 46, has built a thriving practice from the ground up. Her three-person team manages $1.2 billion in assets for 80 families, with a typical account of $10 million. Last year, Primack ranked No. 21 on Barron's list of Top 100 Women Advisors.
Primack has held tax-advantaged municipal bonds in her accounts, "in all interest-rate environments." The key, according to Primack, is to stick with the high-quality issues: water, sewer, power, infrastructure, and higher education. Those areas tend to avoid the blowups that have faced issuers with less-secure revenue streams.
"You don't buy Newark Airport ticket-receipt bonds," Primack offers as an example. "You buy the schools, the general-obligation bonds, the essential services."
Meanwhile, Primack is content to hold the bonds until maturity, or until they're called, collecting income regardless of what happens to interest rates.
Read more: Why a Top Credit Suisse Advisor Likes Europe - Barrons.com
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