Edward "Ed" Wayne Butowsky is an American financial adviser, author and frequent financial commentator. Butowsky has been lauded as a trusted financial advisor to high-net-worth clients and athletes.
Early life and education
Butowsky was born in 1962 and raised in Laurel, Maryland and Chappaqua, New York. His mother was Lois Butowsky and father was David Butowsky, chief enforcement officer for the U.S. Securities and Exchange Commission. In the early 1980s, he graduated from the University of Texas.
Career
Butowsky began his financial career with Morgan Stanley, working there for 18 years, from 1987 to 2002. At Morgan Stanley, he ran the high-net-worth group in the Southwest and became senior vice president in private wealth management. He founded the private wealth management firm Chapwood Investments in 2005. He is currently a managing partner in Chapwood Investments and created the Chapwood Index, which intends to be a true cost of living increase index. Butowsky's investment house conducted a report on bankruptcy among professional athletes in 2010. By 2013, he was managing investments for a hundred professional athletes. Butowsky also provided investment advice for actor Columbus Short. Butowsky started the celebrity and athlete investor group Clubhouse Investment Club with professional baseball playerTorii Hunter. Butowsky was also a managing director at Bear Stearns. In 2012, Butowsky was a commentator in the ESPN 30 for 30 film, Broke. Speaking to his experience working with athlete clients, Butowsky shed light on the harrowing situations many athletes have experienced with their money once they become professional athletes. Created following the 2009 Sports Illustrated article, "How Athletes Go Broke," also featuring Butowsky, Broke featured many professional athletes and advisors speaking to their experiences with the issue. Butowsky founded the 1940 Act fund Paramount Access Advisors for hedge funds in 2012. Butowsky also writes articles for Breitbart News, TheBlaze, and also contributed to ESPN films and documentaries. Butowsky's book Wealth Mismanagement: A Wall Street Insider On the Dirty Secrets of Financial Advisers and How to Protect Your Portfolio aims to educate investors on how to properly evaluate and protect themselves from potential crooked financial advisors. In June 2018, Butowsky filed a defamation lawsuit in U.S. federal court seeking $57 million in damages from NPR and one of its reporters, David Folkenflik. Butowsky accused Folkenflik of pushing a "false narrative" of Butowsky's involvement in a now-retracted Fox News story alleging that the murder of Democratic National Committee staffer Seth Rich was connected to the 2016 leak of DNC emails to WikiLeaks. Butowsky also alleged that Folkenflik conspired with an attorney to extort money from Fox. Butowsky told Courthouse News Service that he still believes the Fox News story was accurate. The case is scheduled to go to trial in mid-2021.
Personal life
Butowsky lives in Plano, Texas, with his wife and two children.
