Tag: executive in residence


Stuart Zimmerman

Marketplace recently tapped Olin Executive in Residence Stuart Zimmerman to discuss Donald Trump’s tax returns and “the sticky situation on income tax for real estate developers.”

Zimmerman, who has more than 40 years of wealth management experience, is the retired co-founder of the Buckingham Family of Financial Services, and current Chairman and CEO of Audubon Associates LLC.

When asked about Trump’s returns, Zimmerman told Marketplace reporter Adam Allington, “I would expect that his taxable income is zero.”

Allington continues:

Because of the way the tax code is written, developers are allowed to deduct millions of dollars for depreciation, even if their property is appreciating in value.

“And if it ever gets to the point where it looks like there is going to be some taxable income and they’re going to have to pay some tax because they’re running out of depreciation, just start another project,” Zimmerman said. “It’ll show losses in those first years.”

Alumni in the news

Dr. Robert E. Lefton, PhD, Co-Founder, Chairman and CEO of Psychological Associates, has been named an Executive in Residence at Olin by Dean Mahendra Gupta. Dr. Lefton is a leading consultant in leadership, management, organization development, succession planning, and sales. Since earning his Ph.D. at Washington University, he has worked as a consultant with many Bob LeftonFortune 500 companies, and has served on the faculty of Washington University, The Motorola Executive Institute, the ALCOA Executive Institute, and CEO International, Inc. He also works extensively with families in business.

As one of the original developers of Dimensional Training®, he has conducted seminars for, and consulted with, several hundred leading corporations in the United States and Europe.
Lefton earned his undergraduate, master’s, and doctoral degrees at WashU. He is the author of five books and serves on the advisory boards of Drury Hotels, Schnuck Markets, Koch Development, and The Republic of Tea.

Robert E. Lefton bio (pdf)

Stuart Zimmerman, retired co-founder of the Buckingham Family of Financial Services, and current Chairman and CEO of Audubon Associates LLC, has been named an Executive-in-Residence at Olin Business School.

“Stuart Zimmerman brings years of invaluable expertise to Olin,” said Dean Gupta. “From his successful careers at RubinBrown and Buckingham, Stuart will be a trusted authority and mentor in the area of wealth management for our faculty and students.”

Zimmerman’s career began in 1966 as the 11th person in the St. Louis CPA firm RubinBrown. When he retired 28 years later, as partner in charge of the Personal Financial Consulting department, the firm had grown to 200. It currently employs over 500 people. His second career began in 1994, when he co-founded the Buckingham Family of Financial Services. Buckingham has since grown to over 240 associates with seven locations providing investment advice to individuals, institutions and retirement plans and providing back office services to over 140 independent investment advisory firms around the country. Zimmerman retired from Buckingham December 31, 2015.

Currently, Zimmerman is chairman and CEO of Audubon Associates LLC, a business and financial consulting firm based in St. Louis.

“I am looking forward to sharing my experience in wealth management with Olin’s business students,” said Zimmerman. “I think my professional network garnered over the last 50 years can bring important insights and skills to the business school curriculum and inspire students to pursue wealth management careers.”

Zimmerman has a long and impressive history of serving the St. Louis nonprofit community. He is a past president of the Clayton Chamber of Commerce, Craft Alliance, the Clayton Child Center and the St. Louis chapter of the American Jewish Committee. He currently serves on various committees of the AJC and the Jewish Federation of St. Louis.

Zimmerman holds a bachelor’s degree in business administration with emphasis in accounting from the University of Missouri-Columbia.

Zimmerman joins a roster of outstanding executives who share their valuable expertise and experience with the Olin community. Click here to see the bios of Olin’s Executives In Residence.