Larry Kudlow, former White House National Economic Council director and a former member of Donald Trump’s coronavirus task force is joining The Bahnsen Group, a $2.6 billion national wealth management firm with offices in New York City and Newport Beach, California, as an economic advisor.
It was recently announced that Kudlow, a regular guest on Fox Business Network, has joined the network as anchor of a daily afternoon show.
Kudlow’s consulting position will involve client events, both virtual and in-person, and frequent consultation with The Bahnsen Group’s investment committee, the release said.
David Bahnsen, founder and CIO at The Bahnsen Group said Kudlow has been a personal and professional mentor for many years. The Bahnsen Group is part of Hightower, the RIA aggregator, and was profiled by Financial Advisor in 2018.
“We both share a love of free markets, and Larry has over forty years of experience in public policy and macroeconomics that is going to benefit the process we implement for our clients immensely,” Bahnsen said in a statement. “My clients have benefitted from the wisdom of Larry Kudlow for years, albeit indirectly. To formalize this working relationship is a dream for me," he added.
Kudlow, who began his policy career working in the Office of Management and Budget of the Reagan White House in the early 1980s, spent the last three years as the director of the National Economic Council, steering trade policy, tax policy, and in 2020, the COVID-19 economic response policy, both within the White House and inter-departmental agencies.
“I am excited to work with David and the clients of The Bahnsen Group in this endeavor,” said Kudlow in released comments. “David is a friend and supply-side disciple, and I know the seriousness and sobriety with which they engage capital markets. This is going to be a good fit for all of us.”
Bahnsen founded The Bahnsen Group in April 2015 after spending eight years as a chairman’s club managing director at Morgan Stanley and seven years as a first vice president at UBS Financial Services. He also is a frequent guest on Fox Business, CNBC and Bloomberg, and is a regular contributor to National Review and Forbes. In the 2018 profile, Bahnsen said one reason that he departed Morgan Stanley was that he enjoyed commenting extensively about monetary policy and the Federal Reserve and the giant wirehouse had strict policies about what brokers could and could not say.
