Don Cassidy is retiring from his position as senior research analyst at Lipper, and as of Monday, he will run the nonprofit Retirement Investing Institute from his home. Cassidy, 61, worked for 16 years at Lipper.
The organization, from which Cassidy says he will draw no salary, will cooperate with academic institutions to host seminars for investors at which they will be able to meet with financial planners, portfolio managers and analysts.
"Every once in a while, you sit back and look at life and the world and wonder if there's something else I could be doing that would help the world a little bit more," Cassidy told Rocky Mountain News. "The idea is to create an atmosphere where they're not being sold anything expect ideas. A good deal of the hesitation people have about trying to learn about investing comes from the fact that they've been hurt before when they've been sold investments."
Cassidy, who has written five books about investing and is a frequent guest on financial news networks, is also the Colorado program director for the American Association of Individual Investors. He said he hopes the Retirement Investing Institute will reach an even broader audience.