Fisher Investments Capabilities, Presented by Rob May


Published on

Learn about Fisher Investments' background and services, presented by regional vice president Rob May, based in Delafield, Wisconsin.

Published in: Economy & Finance
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Fisher Investments Capabilities, Presented by Rob May

  1. 1. An Introduction to the Private Client Group Serving the Investment Needs of Financially Successful Individuals Woodside, California Of ce ®
  2. 2. ® Rob May is a seasoned financial professional who has been in the industry for over 14 years. Rob joined Fisher Investments in 2010 and resides in Delafield, Wisconsin. Prior to coming to Fisher Investments, Rob spent 12 years at Morgan Stanley Smith Barney as a Wealth Advisor, a Registered Retirement Planning Specialist, and the National Training Director before being promoted to Branch Manager and ultimately First Vice President. He also played hockey at St. Norbert College, where he was named Academic Athlete of the Year and graduated magna cum laude with a degree in Business Finance. In his free time, Rob enjoys coaching and playing Hockey, International travel, and seeing the United States on a motorcycle. Rob can review your current investments to determine whether Fisher Investments’ approach might benefit you. Rob May Vice President Delafield, Wisconsin 800-851-8845
  3. 3. 2 ® Please see page 6 for disclosures. © 2015 Fisher Investments. All rights reserved. ® Background Throughout our history, Fisher Investments has developed innovative capital markets technologies for the purpose of helping clients reach their goals. Our research has contributed to the definition of six distinct investment styles and other significant aspects of modern portfolio theory. The son of legendary investor Philip Fisher, founder and CEO Ken Fisher is a renowned innovator in investment theory and author of numerous books and academic studies. He popularized the now widely used Price-to-Sales Ratio, pioneered the identification of the small cap value stock universe and has been involved with what we believe to be groundbreaking work in behavioral finance. 1970 1975 1980 1985 1990 2000 2005 2015 1970 1975 1980 1985 1990 2000 2005 2015 2008-2015 Ken Fisher writes seven new books: The Ten Roads to Riches, How to Smell a Rat, Debunkery, Markets Never Forget (But People Do), Plan Your Prosperity, The Little Book of Market Myths and Beat the Crowd 1993 Ken Fisher writes his third book: 100 Minds That Made the Market 1993 Firm assets under management reach $1 billion for first time 2006 Ken Fisher writes his critically acclaimed fourth book: The Only Three Questions That Count Late 1970s Ken Fisher’s theoretical work pioneers a tool known as the Price-to-Sales Ratio, now a core element of modern financial curriculum 2000/2001 Ken Fisher receives Journal of Portfolio Management “Outstanding Article” award for groundbreaking research: “Cognitive Biases in Market Forecasting” 1970s Ken Fisher engages in a wide array of investment activities, including M&A consultancy in the then-emerging field of technology, custom research, and portfolio management Mid-1980s Fisher Investments contributes to breakthrough definition of six distinct investment styles 1984 Ken Fisher writes best-selling finance book: Super Stocks 2007 Fisher Investments enters into a joint venture, Grüner Fisher Investments, an investment adviser offering investment services in Germany 1987 Ken Fisher writes acclaimed financial book: The Wall Street Waltz 1984 Ken Fisher becomes the “Portfolio Strategy” columnist for Forbes magazine Early 1980s Fisher Investments pioneers a new school of equity style management: domestic Small Cap Value equity Early 1970s Ken Fisher is professionally trained by his father, Philip Fisher, legendary investor and money manager 1995 Fisher Investments Private Client Group formalized exclusively for high net worth individuals 1979 Fisher Investments is established as a sole proprietorship 2014 Ken Fisher passes the 30-year milestone at Forbes magazine and is now the third longest- running columnist in Forbes’ over 90-year history Fisher Investments Europe Limited is established in the United Kingdom 2000 2004 Firm assets under management reach $25 billion for first time Firm assets under management reach $50 billion for first time 2013 Fisher Investments Timeline
  4. 4. 3 ® Please see page 6 for disclosures. © 2015 Fisher Investments. All rights reserved. ® Core Principles • Fisher Investments manages discretionary assets with a fundamental belief in capitalism and how free capital markets function. • We start with the simple notion that supply and demand of securities are the sole determinants of securities pricing. • An important principle in finance theory is that capital markets are relatively efficient discounters of all widely known information. News travels fast, so the knowledge and expectations of investors are absorbed by the market as quickly as they are acknowledged. • Profit-seeking investors act on every bit of news, rumor and speculation that is widely available, and any obvious oportunities vanish almost immediately because they become reflected in stock prices. • Therefore, to add value through active management we must identify information not widely known or interpret widely known information differently (and correctly) from other market participants. Capital Markets Technology • Fisher Investments applies proprietary capital markets technology to seek out and process opportunities to exploit such information. Our capital markets technology (i.e. proprietary research tools) is developed through the study of finance theory, history and empiricism. • We utilize a top-down investment process based on applying capital markets technology to the analysis of a wide range of economic, political and sentiment drivers to formulate forecasts and develop portfolio themes. The strategy attempts to exploit the structure of equity markets and capitalize on country and sector/industry cycles as they come into and out of favor. Investment Philosophy
  5. 5. 4 ® Please see page 6 for disclosures. © 2015 Fisher Investments. All rights reserved. ® Account Personalization • To construct a portfolio strategy consistent with your goals and objectives, Fisher Investments must understand your complete financial picture as it relates to the assets we will manage. Depending on your individual financial position, we will apply a strategy we feel best fits your particular situation. • As your circumstances change over time, your portfolio may also need to change—so Fisher Investments will perodically reassess your needs. • When choosing the optimal long-term investment strategy and engineering the near-term tactics for your portfolio, some of the factors we may consider are below. World-Class Client Services & Communications • Any needs or changes will be discussed with your personal Investment Counselor, who stays in contact with you about any important developments related to your account. Your Investment Counselor oversees your account and communicates your situation to other groups internally. The Investment Policy Committee makes all strategic investment decisions. *Fisher Investments is not a tax adviser and does not provide tax advice. Investment Objectives: Is your primary goal for your portfolio to target long-term growth? To provide a certain level of cash flow? Some combination? Your Time Horizon: How long do you expect or need your money to be working toward your objectives? Cash Flow Requirements: How should your portfolio be managed to accommodate your cash flow needs, should you have them? Outside Income and Assets: How are your outside assets positioned and how does your managed account fit into your overall net worth? Do you receive cash flow from sources other than your portfolio? Capital Gains: How can we address the impact of capital gains taxes?* Restrictions or Customizations: What other personal needs or desires should we consider? Risk Tolerance: Are you comfortable with our recommendation and is it suited to your stated investment objectives and time horizon for your portfolio?
  6. 6. 5 ® Please see page 6 for disclosures. © 2015 Fisher Investments. All rights reserved. ® World-Class Client Services & Communications (Continued) Client Communications • On-Demand Communications—Your Investment Counselor will call you to keep you apprised of our strategy and current thinking, as well as regularly reviewing your portfolio and investment objectives. • Trade Confirmations, Monthly Statements and Online Access—Provided by your custodian. • Quarterly Reports—Statements and a portfolio analysis of your holdings provided by Fisher Investments. • Quarterly Reviews—A quarterly publication published under the direction of the IPC that discusses retrospective performance, economic and market conditions, our future market outlook and other relevant topics. • Fisher Forecast Seminars—Throughout the year, we hold a series of Fisher Forecast Seminars across the country to provide our clients with the latest information regarding our global market forecasts, current events impacting financial markets and our current portfolio strategy. • Investment Roundtables and Fisher Client Forums—Held across the country, these small forum, in-depth discussions are opportunities to gain insight and perspective from senior members of our Research and Client Services Departments. • Fisher Friends Events—Fisher Friends is an experience we don’t believe you will find at any other financial firm. This unique, client-only event is simply a chance for Fisher Investments clients to meet other private clients in their area in an informal setting, with no involvement from Fisher Investments staff (aside from a brief introduction). •—An online resource providing daily news aggregation and proprietary market commentary to keep you up-to-date on important and relevant news and events. • Capital Markets Update Video—Twice a year, Fisher Investments produces a video featuring a roundtable discussion with the IPC discussing current views on the market and economy. You Custodian A third-party custodian will house the assets managed by Fisher Investments. They will process trade confirmations and monthly statements. Responsible for setting up your account with the custodian. This person is an expert in the required documentation and will oversee the funding process. Trading Implements the IPC’s investment decisions while striving to execute trades with the lowest overall trading cost. Research Innovative department that provides the IPC with high-quality, timely information. Investment Counselor (IC) A liaison between you and the Investment Policy Committee. This primary point of contact will ensure your portfolio is constructed and managed consistent with your objectives and specifications. The IPC consists of Ken Fisher, Jeff Silk, Bill Glaser and Aaron Anderson. The IPC is responsible for setting investment policy and making the firm’s strategic investment decisions. Local Vice President Your contact responsible for relationship management throughout the account set-up process and thereafter. Client Account Coordinator (CAC) Investment Policy Committee (IPC) Service Structure
  7. 7. 6 ® Please see page 6 for disclosures. © 2015 Fisher Investments. All rights reserved. ® Disclosures Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice or a reflection of the performance of Fisher Investments or its clients. Nothing herein is intended to be a recommendation or a forecast of market conditions. Rather it is intended to illustrate a point. Current and future markets may differ significantly from those illustrated here. Not all past forecasts were, nor future forecasts may be, as accurate as those predicted herein. © 2015 Fisher Investments. All rights reserved.
  8. 8. ®