The Inside Press

Magazines serving the communities of Northern Westchester

Cover Stories

Getting to Know Richard Bloom: The Making of a Great Financial Advisor

by

Richard Bloom’s first memory of the stock market was when he was a young child. He would hear his grandfather talking about buying shares of GE. “I didn’t know what it meant, and actually thought he owned the whole company! Eventually he taught me what it really meant to buy and own a piece of a company.  As a way to educate myself and my siblings, he asked us to pick a company we liked and agreed to buy us each 10 shares of that company.”

Of course, as any kid would do, Bloom chose Toys R Us! “As this was the pre-internet era, he bought us graph paper and taught us how to look up the ticker in the newspaper each day and chart the price of the stock,” said Bloom. It was his first introduction to investing, “but more importantly, it was a great learning experience and bonding opportunity with my grandfather.”

This early introduction ignited a desire in Bloom many years later to study finance in college. From his career’s start nearly 15 years ago, he has worked with the same team, The MayerGelwarg Group at Morgan Stanley. His two partners, each with over three decades experience have taught him that what makes a great advisor is not only helping clients develop sound financial plans, but doing so at the highest level of service.

Building Relationships

Today, the part of Bloom’s job that he loves the most is the deep lasting relationships that he has built with his clients. “My job is not only to ensure they are taking the right steps toward financial security, but to assure and reassure so they can handle the emotional side of investing in the markets,” he explained. “This entails asking very specific individualized questions during a first and second meeting to understand how the client views the world and what impact that will have on their emotional fortitude during the inevitable ups and downs we will experience together.

“From the moment I meet a prospective new client, it is my responsibility to demonstrate financial acumen and understanding of their unique needs,” Bloom continued. “Knowing my clients seek out and trust my guidance is incredibly rewarding.    

Since the pandemic, Bloom has interacted with many individuals within and outside of the industry who wonder how he and his clients are handling the stress and uncertainty. While acknowledging the increased demand in terms of time and energy, Bloom has also found it to be one of the most fulfilling moments of his career. “Now more than ever, clients and potential clients are razor focused on the importance of having an experienced financial advisor. I continually remind my clients of the plan in place to ensure their short-term needs will be met under any market conditions without jeopardizing their long-term financial goals. And most importantly, if/when there are changes to their personal situation, we can make any necessary adjustments needed. While we cannot control the markets, we have complete control over the decisions we make together.”

Discipline as Key to Success

Bloom emphasized that although there are virtually no barriers to investing in the markets on your own, a great deal of discipline is required to be successful in the long run. “Investors must develop a strategic asset allocation and stick to it; they have to rebalance across asset classes including selling outperforming investments; they also must understand the tax ramifications of each trade because at the end of the day, it’s not about what you make, but what you keep.”

If any one thing frustrates Bloom, its hearing of investors who panic and sell out of the markets at the lows and miss the inevitable rebounds. During his local “Wine and Wealth” seminars at Le Jardin in Chappaqua, Bloom has maximized the opportunity to educate numerous members of the community. “These are fun, low-key social and educational events where I team up with one of our portfolio managers to present on different investing topics,” he said. “My goal is for all attendees to walk away with a few investment concepts that they can use to prevent themselves from making financially detrimental mistakes.”

Bloom and his partners also practice what they preach. “We make it a focal point of our business not to invest our clients’ assets in anything we ourselves or our families are not invested in. Most financial advisors cannot say that,” he stated. “Our asset allocation, or the mix of stocks and bonds, may differ but the portfolios we utilize for various asset classes are the same. We do this to eliminate any conflicts of interest and our clients take comfort in knowing that we are invested alongside them.”

Westchester Living

Bloom is proud to call Westchester home, a perfect choice to establish roots personally and professionally. His wife Marisa grew up in Chappaqua. Bloom, originally from the Philadelphia suburbs, originally thought he would move back there. “However, I quickly learned that once I married a New York girl, I’d be here for life. And now I absolutely love it.

He said his kids love spending time at Gedney Park, and always look forward to the Chappaqua Children’s Book Festival and the Armonk Cider and Donuts Festival. His family visits the local farmers markets every weekend as well. “We make it a priority to shop at and support local businesses. We couldn’t be happier living up here.”

But no matter how grounded one might feel in the community, Bloom understands how ‘unsettling’ the markets can be right now, and the feeling of uncertainty that comes along with it. “The markets also tend to operate in the exact opposite way of how we live our lives and are hardwired to think,” said Bloom.

“In the very short term, people generally know what is going to happen to

them–what their schedule is going to be tomorrow or next week or next month. Where we will be in 10 years has a much wider range of outcomes and very little certainty.

The ‘Long Term’ Mindset Advantage

“The markets, on the other hand, have much more certainty in the long run while there can be extreme volatility in the short term. Understanding this helps alleviate my concerns for what is happening in the world right now. No doubt we are experiencing sea-level changes in our country and society; however, when you look back in history, changes are always taking place with industries being disrupted. Being able to take advantage of these changes, block out the noise, and stick to your long-term plan through it all provides you with the best chances of success.”

A recent article by Bloom in this press discusses strategies to help investors remain focused during turbulent times, even when it can be hard to think clearly. (https://www.theinsidepress.com/staying-focused-in-turbulent-times/)

Most meaningful for Bloom has been growing with his clients and witnessing wonderful things that happen to them in their lives. What he has found is that many times those great things do not have anything to do with wealth. That thinking has accorded Bloom perspective. “There are three simple rules I try to live by: First, be a good person and respect others. Second, surround yourself with people you like and can learn from. And lastly, don’t ever sweat the small stuff, including a bad day in the markets!

To reach Bloom, write to Richard.Bloom@morganstanley.com

Byram Hills Senior Raises Awareness of Autism

by

Elena, Morgan, Reese and Danny PHOTO by Cathy Pinsky

While many high school seniors were swamped with college applications this past fall, Byram Hills Senior Reese Tateo was no exception but she was also busy organizing the first-ever Armonk for Autism 5K race in downtown Armonk.  Tateo organized the event along with her parents, Elena and Danny Tateo. Spurred by their love for Reese’s younger brother, Morgan, who has autism, the Tateos hoped to raise autism awareness in the community and raise money for the Byram Hills Special Education Department.

Support from Family and Friends

Despite it being a rainy day, about 130 people came to show their support on October 27, 2019 and the Tateos raised over $11,000. Although some registrants stayed home due to the weather, it was still a healthy turnout for their inaugural event.

“In the end, I think the rain added to it because everyone who came was there because they really wanted to support us and not because they were going out for a nice run in great weather,” reflects mom Elena Tateo.

The entire event was full of touching moments. Friends and family pitched in wherever they could, whether unloading bananas or giving out t-shirts. The Tateos met other families with autistic children and people outside of Armonk who have children with autism thanked them via email or donated five dollars to show support. They were delighted to see so many members of the community including Morgan’s classmates, his teacher, his Occupational Therapist, the Byram Hills Director of Special Services Jill Boynton, the Byram Hills Athletic Director Rob Castagna, and the high school football team.

Local businesses such as Hickory & Tweed, Mt. Kisco Seafood, Tazza, and Breezemont Day Camp also offered their support by sponsoring the race. Additional sponsors were featured on their website at armonkforautism.org. Also, a multitude of volunteers donors, plus the town made the race possible.

One of the most memorable moments came at the very end. It was raining hard, water was dripping through the tent, people were clearing out, and Elena was announcing the winners, trying to read their names off a wet paper. Suddenly, they heard there was still a runner out on the road. It was a teenage girl with autism running with her father and brother. The Tateos corralled everyone back to the finish line and everyone enthusiastically obliged. “Everyone was cheering for her in the pouring rain,” recalls Reese. “It was amazing. I just viewed that as a symbol of what we were there for. We got everyone to come back and cheer and she was so happy.”

Miguel, Diego, Miguel Heredia (their dad) and Danny Tateo

An Idea Blossoms into Tangible Results

Reese’s idea to organize a run came to her after watching her father, an avid runner, participate in many races over the years.

“I noticed how many people would run for a cause so I thought it would be great to do it for autism,” Reese says. Danny Tateo has run to support other causes in the past in addition to wearing a shirt at some races with a picture of Morgan that says “I run for my son.”

To tackle the logistics of planning a race, the Tateos sought advice from the organizers of the annual Stayin’ Alive 5K which supports the First Responders of Northern Westchester, and the organizers of Jamie’s 5k Run for Love, in memory of Jamie Love and benefitting the Friends of the North Castle Library.

Reese and her dad chose the course. “We drove with a GPS watch and went on so many different courses planning 3.1 miles,” says Reese.

After consulting with Superintendent Jen Lamia, HC Crittenden Principal Kim Lapple, and Director of Special Services Jill Boynton, the Tateos donated the money towards a kitchenette for the special needs students at the middle school and a greenhouse at the high school. The Tateos were excited to provide something tangible that can help foster independence for Morgan and others like him. The kitchenette is useful in teaching daily life skills and the greenhouse allows the students to learn agricultural skills, job skills, and marketing by growing plants and selling them.

Jefff, Adin and Nathan Bernstein

Living with Autism

April is World Autism Month and several communities are having wear blue campaigns or are lighting up town monuments blue to raise awareness of autism. The CDC defines autism as a developmental disability that can cause significant social, communication and behavioral challenges. The CDC found in 2018 that approximately 1 in 59 children in the US is diagnosed with an autism spectrum disorder.

Living with a brother with autism has given Reese a special perspective. Morgan was diagnosed at a very young age so Reese never really knew a brother without autism. “I just grew up with autism. People ask me if it’s weird but I know no differently,” explains Reese. “I would watch him a lot while my parents were at work and couldn’t go to many after-school activities because I had to come home and look after him. That was different than a lot of people’s lives but he’s my brother and I love him.”

“She’s the best big sister you can ask for,” says Elena. “Morgan is smart and has a funny sense of humor. His biggest challenges are language and communication. We were excited about doing the race in our community because Morgan has become more integrated in the middle school than he was in the lower schools and we’ve noticed his peers be so accepting of him, which is amazing. He does track at school and even participated in the 1.5 mile loop at the race.”

Reese passionately reminds us, “if you see a kid that’s not socially outgoing or looks uncomfortable, reach out and be nice to them and don’t look down on them for not knowing how to act or speak.”

“It’s important for parents to always strongly advocate for their children and it’s an ongoing life-long process,” says Elena. “Parents need to network, educate themselves about what their children need, and think about planning for the future early on. We also have to remember to be inclusive, be kind, and recognize that everyone counts. I love Temple Grandin’s quote about being “different, not less.” I think that is how our society should consider all people, with or without a disability.”

Reese and her dad have already started planning for next year’s race. “We have to fight for those who can’t fight for themselves,” says Danny.

For more information, visit www.armonkforautism.org or for race-specific questions email reesetateto@armonkforautism.org.

Photos courtesy of Elena Tateo
Ali, a classmate and Morgan

Gun Violence, Redistricting Challenge and More Driving Chappaqua’s Kristen Browde in her Bid for State Assembly

by

PHOTO BY CAROLYN SIMPSON, DOUBLEVISION PHOTOGRAPHERS

When Kristen Browde’s son Theo came home from Horace Greeley, where he’s a sophomore, and told her about a second mandatory lockdown drill, Browde said her decision was made up to run for state assembly in New York’s 93rd district. “This generation has grown up with the fear that their school could be next.”

Browde, who has sat on the Chappaqua School Board’s financial advisory committee for almost ten years, said one of the things the committee often has talked about is how to “harden” our schools, but her contention is that security measures inside schools are not nearly enough.

“It remains easier in New York, in spite of our SAFE Act and red flag laws and all the progress we have made, to buy a high powered weapon–a military style weapon–and ammunition, than it is to buy a pack of Sudafed–and that is just wrong.”

A former TV broadcaster, Browde cited experience that includes decades of effective lobbying in Albany as a national and local officer for and on behalf of The American Federation of Television and Radio Artists (now SAG-AFTRA). She worked on legislation to ban the use of non-compete contracts that kept industry salaries low or stagnating.

“When I worked at Channel Five and Channel Four, the broadcast companies would put a non-compete clause into our contracts. This would say ‘even after you leave my station, you cannot go to work for anybody else in this market for a certain amount of time.’ The result of that was that the employee’s bargaining power was substantially reduced because you would have to sit out six months or even a year without a salary–and that is how they kept you where you were at a lower salary, too. “It took seven years to get it passed. Back then, the Republicans were controlling the state legislature.” Browde proudly stated that she finally helped pass the Broadcast Employees Freedom to Work Act.

“And now that the State Senate (a last bastion of the Republicans), has flipped, all of a sudden, bills that had been bottled up for years… were finally able to be brought to the floor and enacted into laws signed by Governor Cuomo.

“In recent years I have had the opportunity to build relationships with people like the Governor and with the leaders of both houses, in the course of working on these issues. I know who they are and who we need to work with to make changes happen.”

Gun violence prevention will be her top priority. “Every parent who puts their kid on a school bus in the morning wants one thing–to get that kid back at the end of the day. It is not just the kids that are growing up with this fear, parents are as well. We are having to spend huge sums of money on school security… But if we can protect just a little bit more and at no cost, we ought to be doing that… Do the background checks and do the positive identification. You don’t stop with the weapons; it’s about the ammunition too. Moms Demand Action has a tremendous legislative program, so does the Brady Campaign. Both have absolutely solid things that this legislation should be working on in the next session.”

Browde cited another critically important legislative task ahead: redistricting.

“We are going to have a census. It is almost certain that New York is going to lose a Congressional seat… Nita Lowey’s seat is a pretty safe Democratic seat. Sean Patrick Maloney’s is not. There are lines that are almost certainly going to be redrawn… We will need to protect the sanctity one person, one vote, rather than protect the sanctity of an individual politician. We have seen that in places like North Carolina what happens when you have tremendously gerrymandered districts that pack all the Democrats into one tiny little area: the Republicans, even though they are only 50% of the state, control 75-80% of the Congressional seats. We can’t let that happen anymore.”

The conversation veered into today’s antisemitism which hits close to home for Browde. “My father’s family fled Germany on Kristallnacht and his dad, my grandfather, didn’t get out, but his mom did.”

“Whether it is, anti-Jewish, anti-Black, anti-Hispanic, we have to use every single resource that is humanly possible to bring to bear to battle hate… That’s a conversation that we in New York can start. Frankly, we in New York have the biggest problem with it right now.

At this juncture, Peter Moses, Browde’s campaign advisor and a longtime journalist himself, pointed to Browde being “incisive, direct, and a listener” as key strengths during her media career. It’s that same skill set, he said, that helped her pass legislation in Albany.

“It is why (Westchester County Executive) George Latimer has her on a couple of committees. The fact that she’s really bright may have influenced him, but what keeps her there, what she keeps bringing to the table with all the new roles she takes on, is her ability to communicate and listen.”

Melding Career Strengths Toward Key Consensus Building

“I’ve gone from reporter to divorce lawyer, which I used to describe as combining the two least respected professions in America into one stellar career, Now I’m adding politician, so it’s a trifecta,” Browde chimed in with a smile.

“As a divorce lawyer, you are dealing with people who at one point said they love each other and now can’t see eye to eye about anything and you are trying to bring them together to a settlement that they can both live with. When you are doing a job of a legislator, or let’s say, someone who is trying to persuade other legislators to come over to your side, you are doing the same thing. People who want the same thin–which is the best for the people of the state of New York.”

“I’m also trying to figure out what the other person really needs, because frankly, while I don’t agree with the policy positions espoused by most Republicans, the fact is I don’t think they are bad people. I just think they have a different view of what is best…there are common points and if we can get together on those common points, then that is fine.

Browde reminded me too that “the sticking point right now is not the Republicans. In Albany today, Democrats control all three houses, the two houses of the legislature and the Governor’s mansion, which are the three critical points of power in Albany. The problem is that the Democrats in the Assembly often can’t reach an agreement. I’m pretty good at getting Democrats together… and have worked with people across the party, from the extreme left to the more conservative members of the party… and we got bills through and we got bills signed.”

“It is less about policy differences than effectiveness,” said Browde. “What I have shown is that first off, I don’t stop. I don’t stop. I am good at bringing people together who don’t start agreeing… the only effective way to work in a legislative setting is to build coalitions.”

Browde shared her optimism in the challenge to win the seat with “approximately 90,000 registered voters stretched out from Harrison and White Plains up to the Connecticut line.”

“I am not Michael Bloomberg, I am not self-financing, so we are doing the same thing that everybody else is which is raising money through various Democratic Party channels: “People get fired up about my campaign–they’re visiting us at KristenForNY93.com. People are energized about the political process in general right now. The June 23rd primary is the focus right this minute, and then it is off to November!”

Browde Among Five Democrats Seeking Assembly Seat

by

PHOTOS BY CAROLYN SIMPSON, DOUBLEVISION PHOTOGRAPHERS

While Kristen Browde has the backing of the New Castle Democratic committee, she is running against a crowded field for David Buchwald’s 93rd Assembly seat.

Bedford Supervisor Chris Burdick and White Plains resident Jeremiah Frei-Pearson, a civil rights attorney who ran in 2012 but dropped out to endorse Buchwald, are two leading candidates. Alex Roithmayr, Buchwald’s chief of staff, and Greater New York Chamber of Commerce President Mark Jaffe are also seeking the nomination.

“White Plains seems to be coalescing around Jeremiah, and they certainly have a lot of votes,” Jane Silverman, co-chair of the New Castle Democratic Committee, says. “Women and the LGBTQ groups are really behind Kristen. So right now, I don’t necessarily think there is a frontrunner.”

In 2017, Browde challenged New Castle Supervisor Rob Greenstein for his seat, lost but still garnered 47% of the vote in the heated race. The contest was closer than some expected, according to Silverman.

Silverman points to Browde’s work for the New Castle Democrats as well as her work on Governor Andrew Cuomo’s Love Makes a Family council to legalize gestational surrogacy and her experience as a trustee for the $2.5 billion AFTRA Pension Fund.

Kristen is a force to be reckoned with,” Silverman says. “When she wants to get something done, she will get it done.”

Tim James, chair of the White Plains Democratic City Committee, says he thinks Frei-Pearson is the favorite. But he acknowledges that without polling there is little information to go by. He touts Frei-Pearson’s service on the city Democratic Committee as well as his law practice.

Burdick, meanwhile, has the support of the Bedford, Mount Kisco, and North Castle Democratic committees. He was elected supervisor in 2013 after serving on the town board.

Browde has thus far trailed in fundraising having raised just under $18,000, according to public records, while Burdick has raised more than $66,500 in the same period. Frei-Pearson’s fundraising totaled more than $163,500 including a $150,000 contribution to his own campaign.

Though the primary is sure to be a battle, the nominee will be favored to win the general election. The seat has been in Democratic hands for all but three years since 1993. The only Republican elected to represent the district over this period was Robert Castelli, who won a special election in 2010 and was re-elected later that year in a Republican wave election. For every registered Republican or Conservative, there are roughly 1.6 Democrats among active voters in the district.

As of press time, North Castle resident Sarmad Khojasteh, a partner at Kasowitz Benson Torres, confirmed that he was being considered as a possible candidate on a Republican ticket. Khojasteh, who serves on the Town of North Castle Assessment Review Board and on the Iranian American Bar Association’s New York Chapter Board of Directors, entered the race for the 37th Senate District in 2018 before dropping out and endorsing GOP nominee Julie Killian.

Just Getting Started: Quakers Field Hockey Team A Section 1 Win Plus Hopes for the Future

by

PHOTO BY Christina Schoonmaker

On November 2, the Horace Greeley field hockey team clinched its first Section 1 championship since 1984 with a 1-0 win over Mamaroneck.

It was a late goal by senior captain Isabelle Klein that sealed the win at Nyack High School last Fall. But building a championship team–one that lost two straight sectional final games before breaking through–took years, both for the program and the girls who finally ended the drought.

The upwards trek towards the top of Class A began 11 years ago, when Sukhvindar Singh Sandhu–recently named New York State Coach of the Year–joined the coaching staff. Sandhu, who played pro field hockey in India, found a middling program that posed little threat to Section 1 Class A juggernaut Mamaroneck. Sandhu saw that many of the girls were relatively new to the game, and realized he needed to get a stick in their hands at a younger age.

Building a Hockey Program from the Ground Up

“I talked to a couple of the parents, and we started a youth program,” he recalls. This helped grow the number of players coming out for the team, but it was not enough. “The next step was getting the travel team” established, Sandhu says. “You need the kids playing year-round.”

Sandhu became head coach of the varsity team in 2009 after a year coaching JV.

His first four years at the varsity level produced just one winning record and no playoff wins. In 2013 the Quakers began showing signs of life, making it to the Section 1 quarterfinals. The next year, Greeley reached the semi-finals, followed by three trips to the sectional championship game in four years.

The Quakers fell one game short of a Section 1 title in 2015, 2017 and 2018, losing to Mamaroneck each time. In November, the girls found themselves as the only team standing in the way of a Tigers threepeat.

“Seeing the seniors lose in that final game [the previous two years], I did not want to feel that as a senior,” midfielder Sofia Rutman says. “We just knew that couldn’t be our last game with the underclassmen.”

Klein’s goal, along with a dominant Quaker defense which did not allow a goal throughout the Section 1 playoffs, were enough to finally lift Greeley past the Tigers. Greeley won two more games to make it to the state championship. There, the season ended with a 2-1 loss to Maine-Endwell. “Most of the girls on our team who are juniors now were playing in that youth group with me,” says junior forward Lily Schoonmaker, who started playing the sport in fifth grade and has verbally committed to play for Colgate. “We’ve been going through the New Castle program through modified and now to varsity.”

Team Camaraderie & Coaches: Key Success Factors

Rutnam also pointed to the team chemistry as an important factor in their success. “I’ve been playing with these girls for six or seven years now, and it makes a huge difference just to know them and know their playing styles,” she explains. “We got along off the field really well, and that translated to passing and connections on the field. It let us score a lot of goals.”

Schoonmaker, who led the team with 20 goals, and Rutman, who was named the Quakers’ MVP, both cited Sandhu and assistant coach Brittany Paulus as key to the team’s success. “If you have a foot in the wrong place as you’re approaching somebody with the ball, he knows exactly where you should be and how to fix it,” Rutman says of Sandhu. “He knows every aspect of the game.”

Following their 18-1-4 season, the Quakers will be favored to vie for the championship again next season. The team is graduating nine seniors, including Rutman, who was All State, All League midfielder Talia Belowich and forward Klein, and All League Honorable Mention forward Kristen Graham and midfielder Paige Dalrymple. Defender Mia Warshaw, forwards Tess Fuqua and Sophie Dorst, and midfielder Mia Handler will also graduate.

But three All State players will be returning –Schoonmaker along with defender Caroline Flannery and midfielder Natalie Laskowski. All Section defender Stephanie Kasulka will be back, as will Emma Terjesen, Grace Arrese, Hannah Lane and goaltender Siena Jarrin, who were all named All League or All League Honorable Mention.

With a Section 1 title crossed off the checklist, the next goal is to win one more game and take home the state championship. “We are going to come back strong,” says Schoonmaker. “Now that we’ve been there, we have to do it.”