In an email to subscribers, co-founder Jim Cramer wrote:
My job is not just to entertain you, but to teach you to make money. That’s why I decided to take my more than two decades of success on Wall Street and found Action Alerts PLUS in 2001. Unlike other money management advisories, my portfolio is set up as a charitable trust in which I have invested my own money, and all realized profits go to charity.
In 2007, I hired a young portfolio manager, Stephanie Link, to join my team running the charitable trust. Stephanie quickly became invaluable and built out a research team to uncover the very best stocks. The last eight years have been extremely rewarding as Stephanie and I and the rest of the AAP team have produced an exceptional service for you, our subscribers. But, “cream rises to the top” and after a great eight years, Stephanie informed me of her decision to join TIAA-CREF, the leading retirement provider with over $800 billion assets under management, where she will lead one of their flagship portfolios. Stephanie will be sorely missed, and I wish her the best of luck in her new role.
As always, you have my personal commitment to Action Alerts PLUS and to providing you with the best portfolio service in the industry. The research team, headed by Jack Mohr, a Georgetown graduate and former Barclays research analyst, has exceptional intellect and can out-model anyone on Wall Street and shares my passion for all things stock. We have worked side by side for the last year, and he is ready to take on the mantle the way Stephanie was back in ‘07. We will continue to work for you and uncover opportunities to buy low and sell high with alerts before I make any trade.
Link also writes daily alerts and weekly summary reports for subscribers. Link is a CNBC contributor and appeared regularly on “Fast Money Halftime,” “Closing Bell,” “Squawk Box” and “The Kudlow Report.”
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Yeah, cream goes to the top -- along with dead fish and wood. She came in what -- fourth ? -- in the CNBC stock pickers competition in 2014? DIDN'T TIAA-CREF WANT THE GUY WHO WON ???
I am sure she is very knowledgeable, but if you followed her picks on
halftime, you would not be ahead of the game. In any event I wish her
well in her new position.
the last 4 years the portfolio has underperformed the s&p. I hope the changes will improve the picks. I am a aap subscriber
Nice lady, Average stock picker but so much better than Steve Weiss on CNBC Halftime who is always wrong.
Stephanie is a great lady and has wonderful ideas in stock picks. The problem isn't Steph but Jim Cramer who's charitable trust portfolio has substantially under-performed the S&P500 for years and years. Cramer ousted her in a public hanging as blame for the poor performance of Cramer's trust portfolio. Cramer is a super salesman who takes little responsibility in his awful stock picks. Cramer is a total DISASTER. Stephanie, unfortunately was pressured to "look for opportunities elsewhere".
Janet - you're wrong. Stephanie had sole discretion over the portfolio, Jim had limited influence whatsoever. The picks were hers, and they sucked