THR's Power Business Managers 2013
With the same firm since 1965, Broder says his approach hasn't changed: Be consistent, have integrity and use knowledge of the business for his clients, said to be a huge list of actors, writers and producers. "We make sure they are well diversified and conservative [in their investments]," he says.
Recently a client wanted to buy an airplane. "He had the wherewithal," says Broder, "but I couldn't justify it: I did the analysis and showed him how much it would cost out-of-pocket even if he charters it out regularly." The client took his advice. "If they do something I don't think makes sense, I tell them I can't be part of it."