Investments
Keeping Up With the Changes
A new school year just started for my daughters, Myles and Sawyer. And with this came A LOT of emotions in the Karmin household. There were tears of sadness for...
TEAM
Meet your financial specialists.
Michael Karmin, CFA®, CFP®
Principal & Wealth Advisor
To Mike the most gratifying part of helping people manage their wealth is bringing them a sense of control and confidence about the future.
Whether helping retirees determine their goals among changing circumstances or helping young professionals with growing wealth set good investment habits, Mike best understands and serves his clients’ needs by creating deep personal and professional relationships. He takes pride in making sure his clients are comfortable with their strategic plans and how their investment strategies are aligned with their best interests. Only then can he be sure his clients feel truly confident about and in control of their futures.
Mike has been in the financial services industry helping make a meaningful impact on people’s lives for over 15 years. Previously, Mike held a position at the Northern Trust Company where he managed equity portfolios that were customized to clients’ goals. He transitioned to his role at SWP with an understanding of the importance of giving each client’s situation individual attention.
Mike and his wife are Highland Park residents. They love taking their two young daughters to the city to explore its many neighborhoods and restaurants. Mike is also passionate about sports, always eager to engage in lively discussions about the city’s sports teams.
Education
BS in Finance, University of Illinois Urbana-Champaign
Professional Designations
CERTIFIED FINANCIAL PLANNER™
Chartered Financial Analyst®
Leadership & Community
Past President – Jewish Council for Youth Service (JCYS)
CFA Society of Chicago
CFA Institute
Office Location
Deerfield, IL
Related
Financial Planning
The Dust Never Settles
I come from a long line of family members who were financial professionals. There are generations of Karmins before me who were either traders, stockbrokers, or asset managers. No doctors, no lawyers, and not even an accountant in our family.
So, I feel like I was destined for a career in finance. I graduated from what is now the Gies College of Business at the University of Illinois, started my career as a portfolio manager at Northern Trust Bank, and ultimately found my passion in wealth management here at SWP.
Investments
Staying Invested Amidst A Potential Recession
SWP Principal Mike Karmin doesn’t know whether or not the economy is heading for a recession in 2023. He does, though, feel strongly that investors should maintain their allocation to the stock market regardless of whether they believe that the Federal Reserve can successfully execute a soft landing.
In this short video, Mike shares some historical data that supports long-term investment in equities, even if a recession does come to fruition.