Professional career
Lambert played in the National Basketball Association from 1975 to 1982.
In the 1975 NBA draft, he was selected by the Cleveland Cavaliers as their first pick, [4] and number 15 overall. [5] He signed a multi-year contract in July 1975, and again in September 1979. In November 1980, Cleveland activated Lambert from the injured reserve list; he had been on the list since the beginning of the season, because of back spasms. [6]
In December 1980, Cleveland placed Lambert on waivers; he became a free agent and was signed that month by the Kansas City Kings. In February 1982, Kansas City sent Lambert to the San Antonio Spurs for a third round draft selection in 1984, plus cash. [7] In August 1982 he again was placed on waivers and became a free agent.
In his NBA career, Lambert averaged 3.8 points per game and 3.3 rebounds per game, [8] playing in a total of 446 games. [9]
Post-NBA career
In 1986, Lambert began his career in the financial services industry. From 2001 to 2009, he was a Principal with KCM Investment Advisors, where he focused on its high net worth and institutional business. He left in 2009 to join Neuberger Berman; in September 2010 he was promoted to the position of West Coast regional director for that company's wealth management business. [10]
Lambert left Neuberger Berman in 2014 and joined Morgan Stanley as the producing branch manager of their San Francisco, California office. He later moved his high net worth practice to Morgan Stanley's Santa Rosa, California office; [11] he retired in February 2021.
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