CFP®, JD, CMFC
Steven Foldes
Steven Foldes, CFP™, J.D., CMFC is a wealth manager and founder at Evensky & Katz / Foldes Wealth Management. In addition to his role as wealth manager, he is a member of the firm’s investment committee. Formerly, he was the founder, CEO, and chairman of Foldes Financial Management, a fee-only advisory firm located in Miami which merged with Evensky & Katz in July 2014.
Mr. Foldes received his bachelor’s degree, cum laude, from Tufts University, Medford, Massachusetts, and his law degree from Tulane University, New Orleans, Louisiana. He also studied at the University of Madrid, Madrid, Spain, University of Mexico, Mexico City, Mexico, and Societa Dante Alighieri, Rome, Italy. He is a member of the Florida and Pennsylvania Bar Associations. He received his Certified Financial Planner™ (CFP) and Chartered Mutual Fund Counselor (CMFC) designations more than 25 years ago.
After playing the satellite tennis circuit and completing his military service as an officer in the Army National Guard, Mr. Foldes practiced criminal law for three years in Harrisburg, Pennsylvania, and then in the sports management field with International Management Group (IMG) in Cleveland, Ohio. In 1978, Mr. Foldes co-founded Fun Footwear Company. As president, Mr. Foldes led the company from $1 million in sales and 50 employees in 1979 to $20 million in sales and 750 employees in 1984. Fun Footwear pioneered the all-plastic sandal category (“Jellies”) in the United States and came to be known as the worldwide leader in product development and innovative marketing strategies. Mr. Foldes sold his company in 1985. From 1986 until 1991, he was a consultant to the footwear industry working with firms from Japan, Costa Rica, Guatemala, El Salvador, and Mexico, as well as the United States.
In 1991 Mr. Foldes began his career as a fee-only investment advisor and became associated with the firm of Evensky & Brown. In 1996, he became a partner in the firm of Woolf, Lubitz, and Foldes, which ultimately became Foldes Financial Management, LLC. Worth magazine has named him as one of the top 250 Wealth Advisors in the country. He is the recipient of a number of industry awards including being named a Premier Advisor by the South Florida Business Journal and in June 2014 his firm, Foldes Financial Management, was named one of the top 300 firms in America by the Financial Times.
He is a frequent lecturer on investment topics and has appeared on PBS and cable television. He is the current chairman of the board of the Foundation of the Greater Miami Jewish Federation and a vice-chairman of the Greater Miami Jewish Federation. He is a past chair of the investment committee of the Dave & Mary Alper Jewish Community Center and has served as president and treasurer of that organization. He is a past co-chairman of the board of trustees of Temple Beth Am which manages the Beth Am endowment. He is also the past treasurer of the University of Miami Hillel. He is active in AIPAC, ImpactIsrael, the Israel Tennis, and Educational Centers, and Maccabi USA/Sports for Israel. He has served as the chairman of the Greater Miami Jewish Federation’s investment committee, which manages the more than $500 million endowments of the Greater Miami Jewish Federation, and currently is a committee member.
