Joseph Alotta entered the world of investing at an early age through his dad who worked on Wall Street. He learned the most listening to his dad talk to others about investing.
Joe went to the best business schools on Wall Street, the New York University College of Business and Public Administration and the New York University Stern Graduate School of Business Administration, where he majored in Economics and Finance.
Graduating with honors, he worked for a London bank, J. Henry Schoeder & Company, then for a venture capital firm. Ross Perot’s company Electronic Data Systems hired Joe to be a senior financial analyst and trained him to be a systems engineer in addition.
Then he was hired by a trading firm owned by Steve Fossett, the famous balloonist, as director of trading systems. Joe developed an extremely complex arbitrage business that pioneered computerized trading and made a fortune for Mr. Fossett. The New York Institute of Finance textbook on computerized trading includes a chapter describing this.
Then the world’s largest options trading firm hired Joe to oversee risk management for all of its traders.
Taking a position as quantitative manager developing derivative models for Banc One, Joe was quickly promoted and responsible for overseeing all positions and reporting statistics to senior management.
Hired away, Joe became director of risk management for Wachovia Corporation, one of the world’s largest banks. He was in charge of all traders and trading activity. He also directed a quantitative and research department with some of the brightest PhDs in finance, some renowned in the academic world.
He would present to the chairman and executive committee any noteworthy transactions or situations regarding their $80 Billion investment portfolio. The position involved frequent private jet trips, mergers and acquisitions, speaking at national conventions, teaching seminars, and even addressing the Federal Reserve Board of Governors.
Having reached the top of his profession in 17 years, having lived through crisis after crisis in different market segments, and having achieved his financial goals, Joe retired from the corporate life and started his own investment firm, a firm he designed with the best interests of his clients in mind.
Qualifications include: Registered with NAPFA, the most selective of industry associations, Registered Investment Advisor, Certified Funds Specialist™, Certificate in Financial Planning (DePaul University), Certified Financial Planner™, Series 7, Series 65, Master of Business Administration (Finance), Bachelor of Science (Economics), Recipient of New York University’s Founders’ Day Award, Illinois Insurance Licenses, EDS Certified Systems Engineer.
Open Door Investment Advisors, Inc. ("Open Door") is licensed to provide investment advice in Illinois. This website is designed to provide general information about Open Door and is not an offer for investment advice. Past performance is not indicative of future results and investors should be aware that there is no guarantee that any advice will be profitable and they may lose money
Wisdom is the principal thing; therefore get wisdom: and with all thy getting get understanding.
Proverbs 4:7
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