Financial Times Top 300 RIAs

Written by Andy Pratt on .

We are excited and honored to announce our inclusion in the inaugural Financial Times Top 300 RIA list.

We pride ourselves on providing competent, ethical portfolio management that allows our clients to be at ease with their investments.  From our founding in 1974, we have focused on providing long term investment management with a portfolio growth mandate.  We utilize equities in client accounts to achieve maximum growth because of their long term performance edge over other asset classes.  Our methodologies for selecting stocks - while largely similar to what we were doing in 1974 - have been refined over the decades with technology and understanding of finance.  We hope you enjoy our website redesign completed last year as well as this blog - we are always looking for ways to communicate with our clients clearly and transparently.  

We are incredibly honored to be on the FT Top 300 RIA list but not necessarily surprised because The Financial Times used a quantitative ranking methodology that took into account six areas of consideration we feel are immensely important for all RIAs: assets under management, asset growth, years in existence, compliance record, industry certifications, and online accessibility. 

Last year, we eclipsed the $1 billion dollar assets under management mark on a combination of asset growth and new client sign ups but as our numbers grow, we never forget our true focus - you the client.  We know we could not have made this list without you and thank you for the trust and opportunity to manage your accounts.

For long-term investors, stocks come with higher returns and lower risks

Written by Alex Shen on .

Many investment advisors and financial planners urge their clients to blend various asset classes to achieve an "optimal" risk/return balance.  Common stocks offer higher return potential than bonds but with a tradeoff: common stocks are riskier in the short term.  A stock portfolio will feel the gyrations of the market more intensely than a bond portfolio.  To mitigate risk, a popular blend of assets is 60% stocks and 40% bonds but does this blend make sense for the long-term investor?

The Strange April Jobs Report

Written by Andy Pratt on .

Before getting into April's Jobs Report released by the Bureau of Labor Statistics today, this piece by Neil Irwin of the New York Times explains exactly why each initial release of the Jobs Report should be taken with a grain of salt.  In short, attempting to measure the employment picture in a country with 300+ million people is difficult to do and subject to sampling error that can produce wildly different conclusions.  Reading too far into one jobs report is foolhardy.  The timing of Irwin's article turned out near perfect as April's report highlighted this point well.

Here were economist expectations before the release of the Jobs Report:

  • Payrolls: +218k
  • Unemployment: Tick down a tenth to 6.6%

And here are the reported numbers:

More on the SSR Strategy

Written by Andy Pratt on .

A post today in Advisor Perspectives examined small value stocks and the return boost they add to retirement portfolios. The post concluded that given the historical outperformance of Small Value stocks relative to Large-Cap stocks, performance of portfolios can be maximized by maintaining a sizeable small value position in portfolios.

Noble laureate William Sharpe was the first to discover that small stocks tend to outperform large stocks and value stocks tend to outperform growth stocks. Sharpe’s research was ground breaking in the world of finance and provided the basis for the Burney Company’s Size and Style Responsiveness (SSR) Strategy.

March Jobs Report

Written by Andy Pratt on .

It's Jobs Day! Before getting into the numbers, here were consensus expectations:

Expectations

  • Payrolls: +200k
  • Unemployment: 6.6%

And here were the numbers from March's report.:

Headline Numbers