About Kamperman

Michael A. Kamperman runs his own investment advisory firm, Prometheus Wealth Management. He earned a Master’s Degree in Business Administration from Baylor University in 1984. Upon graduation he began his career as a commercial and real estate lending officer in Texas for MBank, which was one of the largest banks in the state of Texas in the 1980’s. He left commercial banking in 1989 to begin a career working with the stock and bond markets. He joined UBS Financial Services, formerly known as PaineWebber, as an investment advisor. A Vice President of Investments, he decided to leave UBS at the beginning of 2005 to form his own company, Prometheus Wealth Management.

His background in both commercial and real estate banking in Texas in the 1980’s and his work for a major Wall Street investment bank has afforded him a unique perspective on the economy and the markets. He witnessed first-hand how declining real estate values devastated the balance sheet of a large commercial bank in the 1980’s in Texas, where nine of the top ten banks were closed by the FDIC. This crippled the economy in Texas. It took Texas over five years for real estate values to finally stabilize. Today, the nation is facing the same type of crisis he witnessed first-hand at that time.

Although he has worked directly with the stock and bond markets since 1989, he never forgot the lessons he learned as a Texas banker in the 1980’s. Because of his professional experiences, he recognized in the summer of 2007 that the country as a whole was headed for the same type of real estate and banking crisis that Texas faced in the 1980’s. He has been able to draw upon his knowledge of history and economics and his experiences as a Texas banker and as an investment advisor in a major Wall Street firm to contemplate carefully the root causes of the broken credit markets and propose solutions necessary to help solve the crisis.