- The Washington Times - Friday, September 2, 2005

Julius Westheimer, 88, financial adviser

BALTIMORE (AP) — Julius Westheimer, an investment banker who long gave advice about personal finance on television and radio, died Aug. 31, two weeks after abdominal surgery. He was 88.

Mr. Westheimer died at home after having surgery to remove an abdominal obstruction, said his wife, the former Dorrit Feuerstein Kohn. She said he had been recovering well and was planning to return to work taping radio segments on WYPR-FM (88.1) in Baltimore.

Mr. Westheimer formerly worked at WBAL-TV (Channel 11) and wrote columns for the Baltimore Sun and the Evening Sun for more than 25 years.

Bill Miller, chief executive of Legg Mason Capital Management, said Mr. Westheimer was a “legend” in the investment business, known for his enthusiasm for the field.

Born Sept. 6, 1916, to an investment banker, Mr. Westheimer attended Dartmouth College, editing the campus newspaper, and served in the Army Air Corps during World War II.

He got his professional start at a $35-a-week job in the toy department at Macy’s in New York.

He returned to Baltimore in 1940 to work at his grandfather’s department store, Gutman’s. He worked there for more than 20 years, eventually rising to president, though he later told the Baltimore Jewish Times, “I despised every minute of it.”

“I just wasn’t cut out for the retail business,” he said.

Mr. Westheimer left in 1961 to try investment banking for Baltimore’s Baker Watts & Co. (now Ferris Baker Watts).

In 30 years there, Mr. Westheimer started writing a newspaper column after a chance meeting with a Sun editor at a luncheon.

The editor, Louis Rukeyser, later started a syndicated television show about the stock market and invited Mr. Westheimer to appear on his show. That appearance in 1971 turned into 20 years as a regular on “Wall Street Week With Louis Rukeyser.”

Mr. Westheimer also kept up his newspaper column, penning more than 2,300 columns from 1977 to 2001.

Mr. Westheimer is survived by his wife, two daughters, two stepdaughters, a stepson, a sister, and several grandchildren and great-grandchildren.

Services were planned for today in Baltimore.

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