1. CapCall

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    New York, NY

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    CapCall

    5.0 (1 review)

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    12 years ago

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    Altfest

    Altfest

    (6 reviews)

    Midtown East

    I've worked with Lew and Karen for the past 20 years. They are recognized industry leaders who are…read moreas well respected as anyone in our industry. Besides being extremely smart they are very personable with a focus on how to help the clients. Their office is recognized year in and year out as being one of the best in the country. As someone who works with advisors throughout the country and has a very visible firm, I highly recommend L.J. Altfest for their advice, integrity, and ability to translate complicated financial planning/investments into an understandable plan of action.

    BAD FINANCIAL PLANNING, DETROYED PORTFOLIO, UNSUITABLE INVESTMENTS, UNPROFESSIONAL CONDUCT…read more 1. Destroyed portfolio with over 1/3 value lost 2. Ignore client 3. Main owner, Lew, lost temper when question as to why did he things the way he did them. That is Lew.(I don't know what a PHD in Finance from City College gets ya but not an ego that big) He does not like being questions about his decisions. If you go with this outfit, do NOT, sign over full decision making rights to this financial firm. 4. Unsuitable investments and risk for a retirement person age 5. Promises of retirement planning, puts it off, then asks for big money. There is no way to properly invest without doing cash flow analysis or coordinating with other investments 6. Alleging that he takes a cookie cut approach and does not tailor things to the risk levels and ages of his clients or wealth level 7. Neglects small clients 8. They changed their company's name from LJ Altfest. Lew and Karen are husband and wife. They have various underlyings their too. Their son worked their for a while. I hope he headed for greener pastures. On the whole, I would say stay away. Do not sign his arbitration agreement it binds you to expensive arbitration. Make sure he writes out what he is going to do for how much money, who bears the cost of trading etc. I would even venture to say you are better off with Fidelity so long as they came in at less than 1%. This guy was no better than a petty broker and had a temperament of one to boot. This is one person's opinion based on a factual client interaction I am sure Vanguard, Blackrock, Bernstein, UBS would be fine too.

    Blackstone Group

    Blackstone Group

    (4 reviews)

    Midtown East

    I visited this past week and it was so beautiful and elegant oh my goodness. Great service and…read morebeautiful people. The best on the street!

    I rarely write a negative review, but when I had a problem with one of the companies that…read moreBlackstone Financial owns, and when all attempts to reach the subsidiary company Murka failed because there was no phone number available to reach that company or it's advertisers, and no response of multiple e-mails sent over a two week period to both the advertisers of Murka and subsidiary company Murka, as well as no e-mail responses by Blackstone or a reply to multiple people spoken to at Blackstone corporate office in New York who assured me I would get a phone call back, and no response to multiple phone messages left over a several week period, I had to write this highly negative review to let people know how unresponsive, insensitive and un-empathetic this company is, and which has no due diligence to resolving an issue that most probably could have been resolved with a couple of phone calls. Being over seventy five years old, and presently residing in an assisted living facility, to pass the time I occasionally play slot machine games through a company on the internet called Murka. One of the advertisers on two of Murka's game sites Era slots and Scatter slots had an advertiser whose web site was called Baiatips.com. This advertiser advertised multiple times a day on both gaming sites selling a foldable electric battery operated scooter for $38.88. Although this advertiser looked to be suspicious because of the very inexpensive price offering, as Murka has been in business for over ten years and even longer for Blackstone Financial, I thought I might take a chance and order two of the scooters for me and my wife. After that, and with a further bit of checking, it did turn out to be a scam advertisement just to get the money from old people. All attempts to reach the advertiser Baiatips, the gaming company Murka, and to have the parent company Blackstone Financial contact me and help me resolve this scam have been unsuccessful. You would think that a multi billion dollar financial company Blackstone, and the multi million dollar gaming company Murka, would be sensitive to the little guy and help to get the two folding scooters that were advertised which would make our lives easier and allow us to help improve the quality of our lives being able to be more mobile. Why they never carried out due diligence on their advertisers, and why they are unresponsive to problems and insensitive and un-empathetic boggles my mind. Respectfully, Mark

    CapCall - investing - Updated September 2026

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