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Richard J. Prati

From EverybodyWiki Bios & Wiki
Richard J. Prati
BornOctober 4, 1966
Dallas
🏳️ NationalityUnited States
🎓 Alma materVanderbilt University
💼 Occupation
Stock investor, Entrepreneur
Co-Founder and Executive Chairman of Singular Medical Technologies, CEO of Life Care Medical Devices (LCMD) and Head of Prati Management

Richard J. Prati (born October 4, 1966) is an American entrepreneur known as the CEO of Florida-based Life Care Medical Devices (LCMD).[1][2] [3] He was also the Co-Founder, Chairman and CEO of defunct American Technology Research Inc.[4][5]

Early Life and education[edit]

Prati was born at Parkland Memorial Hospital. He graduated from Jesuit College Preparatory School and attended Vanderbilt University in Nashville where he earned a B.S in Economics in 1989, having completed overseas exchange programs through Vanderbilt at the University of Leeds and London School of Economics.

Prati worked briefly at Andersen Consulting (now Accenture), and Price Waterhouse before pursuing his MBA degree at the University of Rochester’s William E. Simon Graduate School of Business Administration and graduated in 1993.

Career[edit]

Prati started his career on Wall Street in 1993 at Dean Witter Reynolds, which was later acquired by Morgan Stanley. He worked in the South Tower (World Trade Center Tower 2) as an investment banking associate. He then went to work for SG Warburg in New York and rose from entry-level to Executive Director.[6]

In 1996, Prati joined Stamford, CT-based SoundView Technology Group where he thrived as a stock picker and leader of the firm. He later quit SoundView to launch his own independent research broker/dealer and co-founded American Technology Research (AmTech) with his partner and former CFO from SoundView, Curt Snyder.[7][8][9] and Cree (CREE).[10][11]

In 2008, Prati negotiated the sale of AmTech to Broadpoint for $35 million.[12][13] After the sale of AmTech, Prati served as president and vice chairman of the equities division of Broadpoint, which later became Gleacher and Company (GLCH).[14][15] He later left Gleacher and joined Birmingham, Alabama-based Sterne Agee, a firm that had pursued purchase of AmTech prior to the sale to Broadpoint.[16]

In 2012, Prati left Sterne Agee and founded Prati Management an investment management business.

In addition to being the CEO of Life Care Medical Devices (LCMD), Prati serves as a board member for KNOW-BIO in Raleigh, Durham. He is also co-founder and Executive Chairman of Singular Medical Technologies in Winter Haven, FL. Previously, Prati also served as Vice Chairman of the Investment Committee for PVG Asset Management.[17]

Political Activity and Philanthropy[edit]

Prati is active in the Republican Party, but leans towards Libertarianism.[18] He established a family foundation, and already made substantial gifts for charities ranging from scholarships for gifted children and assistance for underprivileged children, to religious and medical charities, and several universities.[19]

Personal Life[edit]

Prati and his first wife were involved in a divorce suit.[20] He later married his girlfriend Anastasiia. Both now reside in New Smyrna Beach, FL.

References[edit]

  1. "Some leery of Spitzer-ordered research $". investmentnews.com. 2 February 2004. Retrieved 27 November 2018.
  2. Fisher, Andrew (26 December 2007). "Tech Expert: LED Makers to Light Up Market". cnbc.com. Retrieved 27 November 2018.
  3. "KNOW Bio Announces Appointment of Richard J. Prati to Board of Directors". prnewswire.com. 23 March 2017. Retrieved 27 November 2018.
  4. Koba, Mark (11 December 2006). "You've Got Spam: Can New Surge Be Stopped?". cnbc.com. Retrieved 27 November 2018.
  5. "Prati Management". seekingalpha.com. Retrieved 27 November 2018.
  6. "ADVISORY/CEO of Independent Research Firm American Technology Research Available for Comment on Global Wall Street Research Settlement". thefreelibrary.com. Retrieved 27 November 2018.
  7. "Broadpoint Closes Acquisition of American Technology Research". businesswire.com. 3 October 2008. Retrieved 27 November 2018.
  8. "What Deal Means for Average Investors". Los Angeles Times. 29 April 2003. Retrieved 27 November 2018.
  9. Lindner. "Eight Reasons You Should Buy Apple (AAPL)... Today". streetinsider.com. Retrieved 27 November 2018.
  10. Lindner, Melanie. "Cree Aims To Get The LED In". forbes.com. Retrieved 27 November 2018.
  11. "Two Top LED Lighting Stocks". energyandcapital.com. 21 April 2010. Retrieved 27 November 2018.
  12. Brennan, Tom (7 October 2010). "Clouds Finally Part for Solar Stocks?". cnbc.com. Retrieved 27 November 2018.
  13. "Broadpoint to Acquire American Technology Research". businesswire.com. Retrieved 27 November 2018.
  14. Koba, Mark (9 August 2010). "Coming Up Monday on cnbc.com". cnbc.com. Retrieved 27 November 2018.
  15. Fisher, Andrew (5 August 2010). "Tech Stock Bargains — And Pans". cnbc.com. Retrieved 27 November 2018.
  16. "Sterne Agee Expands Its Equity Capital Markets Division". businesswire.com. Retrieved 27 November 2018.
  17. Maiello, Michael (15 August 2005). "Declarations of Independence". forbes.com. Retrieved 27 November 2018.
  18. "SKY Digital Holding Corp., In Reverse Merger, To Become Qualis Innovations Inc Corporation (QLIS), Involved in Skin Care". globenewswire.com. Retrieved 27 November 2018.
  19. Park, JeeYeon (15 August 2005). "Tech Sector Still Has Stocks Worth Owning: Researcher". cnbc.com. Retrieved 27 November 2018.
  20. "Flathead County has arrest warrant for contractor". missoulian.com. 28 February 2006. Retrieved 27 November 2018.


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