This document discusses factors that drive stock market returns and provides a framework for forecasting future returns. It identifies three main factors: dividend yield, earnings growth, and the price-to-earnings ratio. Historical data on these factors is presented. A formula is provided that incorporates earnings growth, P/E ratios, and dividends to forecast potential returns over 10 years. A matrix shows projected returns under different assumptions about earnings growth and P/E ratios.
In today's regulatory environment of increased fee transparency, it is an economic and fiduciary necessity for small business 401(k) sponsors to benchmark their current plan. NS Capital & MJM401k have developed a proprietary analytic tool to help sponsors make sense of their current plan.
The document discusses studies that have shown a high percentage of active fund managers underperforming benchmarks over periods of 1, 3, 5, and 10 years. However, it notes that simply looking at these statistics in isolation can be misleading, as funds have different time frames and start periods for outperforming benchmarks. Considering the effects of probability, it may not be reasonable to expect a high percentage of funds to outperform at any given time period. The document encourages further exploration of alternatives to passive funds rather than automatically ignoring active managers.
This document discusses introducing private third-party pension sponsorship to help address issues with the UK pension system. It notes widening savings gaps and lost consumer confidence in pensions. It analyzes past schemes and concludes more innovation is needed rather than repeating past approaches. A potential third-party pension sponsorship model is outlined that could improve outcomes by providing extra funding support, focusing on consumers, and offering financial education alongside retirement solutions. Benefits could include reducing the savings gap and shifting liability away from the public sector.
the choice of financial professionals
Print
Digital
Websites
Creative
Marketing
Personalised Client Marketing Factsheets
You may also be interested in
Financial adviser newsletters
Financial adviser client magazines
Personalised marketing factsheets
Financial adviser Corporate brochures
Personalised 2014/15 Tax Data card
Bespoke publishing services
Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
This document provides an overview of a fractional real estate ownership opportunity offered by Roof4All. It describes a potential investment package of 10 rental homes in Kansas City, Missouri valued at $525,000 that are currently fully occupied and generating $95,436 in annual gross rent. The document discusses Roof4All's valuation process, provides example home and expense projections, and summarizes benefits for investors such as passing depreciation deductions. It also includes brief sections on Roof4All's management approach and founding team.
Last Wednesday we had a great discussion on how Trian would impact P&G over the next year to two. What we know is that as far as activists groups go, they are among the best in the lot. They tend to work very constructively with senior management and the board and to have really great ideas on how to improve performance and get shareholder price up. Trian is not necessarily a bad thing and, in many cases, it could be something very positive.
A big part of the discussion was about "What if I work at P&G?" While we talked about stock price, stock options and profit sharing, one thing we really emphasized was- Do you need a Plan B? For some who work at P&G, they may not have the job security they thought they might have. The best way to deal with that is to say, "If I need a Plan B, what is it?"
This is where Lenox and our Wealth Creation Unique Process can really help. Do you know what your strengths are? Do you know where you add the most value? Do you understand where, if you left P&G, you could go where you might add value?
Lenox also has new interactive financial planning technology. We an set up a base example of where you are financially. You are able to go in and run scenarios on the software and consider different options. This combination of tools is designed to help the P&G employee sort things out as Trian enters the stage.
Please enjoy and share our PowerPoint presentation.
The financial products have gone through endless changes, adjustments or revisions and yet even with all these changes the delivery method has remained that of a transaction commission based strategy.
True independence for the Rep to select any insurance product or provider that is most appropriate for their client.
This is accomplished NOT WITH a Securities Brokers License(Broker/Dealer 6/7) but WITH a Series 65 RIA Registered Investment Advisor Fiduciary license.
This document summarizes an investment service that claims to help users grow their wealth through intelligent investing in stocks. The service allows users to set up an automated investing account with a low 1% annual fee. It uses proprietary software and models to create personalized investment plans focused on selecting stocks of high-quality companies rather than funds. The service argues this approach can achieve superior long-term returns compared to traditional advisors and asset allocation strategies, while also reducing taxes and costs for users.
In today's regulatory environment of increased fee transparency, it is an economic and fiduciary necessity for small business 401(k) sponsors to benchmark their current plan. NS Capital & MJM401k have developed a proprietary analytic tool to help sponsors make sense of their current plan.
The document discusses studies that have shown a high percentage of active fund managers underperforming benchmarks over periods of 1, 3, 5, and 10 years. However, it notes that simply looking at these statistics in isolation can be misleading, as funds have different time frames and start periods for outperforming benchmarks. Considering the effects of probability, it may not be reasonable to expect a high percentage of funds to outperform at any given time period. The document encourages further exploration of alternatives to passive funds rather than automatically ignoring active managers.
This document discusses introducing private third-party pension sponsorship to help address issues with the UK pension system. It notes widening savings gaps and lost consumer confidence in pensions. It analyzes past schemes and concludes more innovation is needed rather than repeating past approaches. A potential third-party pension sponsorship model is outlined that could improve outcomes by providing extra funding support, focusing on consumers, and offering financial education alongside retirement solutions. Benefits could include reducing the savings gap and shifting liability away from the public sector.
the choice of financial professionals
Print
Digital
Websites
Creative
Marketing
Personalised Client Marketing Factsheets
You may also be interested in
Financial adviser newsletters
Financial adviser client magazines
Personalised marketing factsheets
Financial adviser Corporate brochures
Personalised 2014/15 Tax Data card
Bespoke publishing services
Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
This document provides an overview of a fractional real estate ownership opportunity offered by Roof4All. It describes a potential investment package of 10 rental homes in Kansas City, Missouri valued at $525,000 that are currently fully occupied and generating $95,436 in annual gross rent. The document discusses Roof4All's valuation process, provides example home and expense projections, and summarizes benefits for investors such as passing depreciation deductions. It also includes brief sections on Roof4All's management approach and founding team.
Last Wednesday we had a great discussion on how Trian would impact P&G over the next year to two. What we know is that as far as activists groups go, they are among the best in the lot. They tend to work very constructively with senior management and the board and to have really great ideas on how to improve performance and get shareholder price up. Trian is not necessarily a bad thing and, in many cases, it could be something very positive.
A big part of the discussion was about "What if I work at P&G?" While we talked about stock price, stock options and profit sharing, one thing we really emphasized was- Do you need a Plan B? For some who work at P&G, they may not have the job security they thought they might have. The best way to deal with that is to say, "If I need a Plan B, what is it?"
This is where Lenox and our Wealth Creation Unique Process can really help. Do you know what your strengths are? Do you know where you add the most value? Do you understand where, if you left P&G, you could go where you might add value?
Lenox also has new interactive financial planning technology. We an set up a base example of where you are financially. You are able to go in and run scenarios on the software and consider different options. This combination of tools is designed to help the P&G employee sort things out as Trian enters the stage.
Please enjoy and share our PowerPoint presentation.
The financial products have gone through endless changes, adjustments or revisions and yet even with all these changes the delivery method has remained that of a transaction commission based strategy.
True independence for the Rep to select any insurance product or provider that is most appropriate for their client.
This is accomplished NOT WITH a Securities Brokers License(Broker/Dealer 6/7) but WITH a Series 65 RIA Registered Investment Advisor Fiduciary license.
This document summarizes an investment service that claims to help users grow their wealth through intelligent investing in stocks. The service allows users to set up an automated investing account with a low 1% annual fee. It uses proprietary software and models to create personalized investment plans focused on selecting stocks of high-quality companies rather than funds. The service argues this approach can achieve superior long-term returns compared to traditional advisors and asset allocation strategies, while also reducing taxes and costs for users.
The document describes services offered by Hedge Fund Tools to help emerging hedge fund managers launch their funds. It offers legal consultation, prime brokerage services, third party administration, annual audits and taxes, website development, marketing materials, and a hedge fund calculator. The services are designed to provide a full infrastructure and support for launching and operating a new hedge fund in a comprehensive yet efficient manner.
The New Rules for Investor Relations (Alternative Assets)Navatar
The cycle of fundraise, fatigue, and repeat doesn’t work in today’s competitive environment. Relationships languish, potential leads who are open to subsequent raises lay fallow, and with each new raise managers find they start from square one. In this presentation, learn why fund managers need a systematic approach to engage with investors on an on-going basis, to shorten fundraising cycles and to build longer lasting partnerships with investors.
Topics will include:
- How to create an investor communication plan
- How to market when not marketing
- How to create a capital raising strategy
This document provides an overview of the F.A.R. Green Opportunity Zone Fund I, LLC and its investment strategy. The Fund will target stable, long-term alternative real estate investments in industrial, agricultural, and multi-family properties located in Qualified Opportunity Zones. The Fund aims to generate returns of 20-50% through value-add and distressed acquisitions at a discount to replacement cost. The portfolio will be diversified across property types and locations, with a focus on downside protection through disciplined underwriting and strong tenant profiles.
Are you more like a stock or a bond? Gregg S. Fisher discusses the importance of thinking about the characteristics of your income stream (is it stable, or more volatile, e.g.?) in relation to your investment portfolio.
This document provides information about an investment opportunity in a Nordic listed engineering bond. The bond offers a 7.5% annual return paid semi-annually and is listed on a recognized stock exchange. The issuing company aims to acquire financially strong Nordic engineering businesses to build a mini conglomerate and benefit from economies of scale. The bond provides investors with regular income from a diversified portfolio of mature engineering companies operating in non-cyclical sectors.
This document provides updates from an independent financial advisory firm on recent changes in the financial industry. It discusses:
1) The introduction of new pension freedom rules in the UK, which were well-received as they provide more flexibility in how pension benefits can be taken. The firm has acquired a new planning tool to help clients understand their options.
2) Continued global market volatility in 2015 and the importance of reducing investment risk. The firm's wealth management service addresses this.
3) The impact of auto-enrollment legislation on small employers and the firm's development of a low-cost workplace pension scheme for clients who own businesses.
4) Introductions for the financial advisors at the firm and
Gregg S. Fisher takes a deeper dive into the concept of human capital and investing with specific examples based on hypothetical investors in several fields of work.
The document discusses various stages of funding rounds for startups, including friends and family rounds with little investment; angel investments to test sales potential; seed rounds under $2 million with minimal financial reporting; Series A rounds over $5 million where founders pitch to VCs and financials are expected; Series B+ where accounting moves in-house and GAAP reporting is required; and debt financing from banks with high interest rates.
StockTakers is offering a 12% callable 5-year bond with quarterly coupon payments totaling $15 million. The bond offering aims to fund further work analyzing equities markets using their proven Risk Price method. StockTakers' public portfolios have doubled in less than 3 years, outperforming any hedge fund using their tool to identify undervalued stocks tending to hold value or gain. The bond offers sustained quarterly income from investing in equities markets using their approach.
Do you know your net worth? Creating a net worth statement is a fairly straightforward exercise. In this segment, Chief Investment Officer Gregg S. Fisher talks about how to construct one and why it’s important to your financial health.
Fixed annuities may be suitable retirement tools for some people after considering their financial situation and objectives. However, fixed annuities are not appropriate for everyone and potential buyers should review product brochures and discuss options with a licensed agent. While fixed annuities offer tax-deferred growth and guaranteed income, these guarantees depend on the financial strength of the issuing insurance company.
PFCapital Just Energy 062314 FINAL AMENDEDChand Sooran
- Just Energy Group Inc. (JE) stock presents an opportunity as factors that have weighed it down recently appear temporary. The stock could increase almost 80% from current levels.
- JE sells natural gas and electricity to residential and business customers in deregulated markets in Canada, US, and UK. It locks in fixed or variable prices for customers and hedges its own commodity exposure.
- Recent poor weather drove missed guidance and dividend cut, but normalization is expected. Debt reduction from asset sales also provides upside optionality from a potential solar JV or improved leverage.
“Investors often think they are thinking when they are actually feeling.” This is one of the insights Gregg S. Fisher shares in discussing how investor behavioral and emotional biases often drive sub-optimal buy and sell decisions.
Square Mile Asset Management Limited is authorised and regulated by the Financial Services Authority. The document discusses setting investment goals and choosing appropriate investments based on an individual's risk tolerance, time horizon, and objectives. It notes that initially setting aside short-term savings for emergencies is prudent, while longer-term investments can involve more risk but also potentially higher returns. The right investment strategy depends on balancing these factors as well as understanding taxes and costs.
The Retirement 101 Enrollment Presentation is the companion piece to the Retirement 101 Enrollment Guide, the marquee collateral in the Nationwide Retirement enrollment drive. Together they exceeded the 2011 standard entity first-year deposits goal of $84.8M by 25%, netting new participant deposits of $112.4M in its first year.
This document provides rules and guidance for entrepreneurial accounting and finance. It discusses several key points:
1) Everyone should understand finance, but accounting tasks can be delegated. Finance is integral to daily decisions.
2) Entrepreneurs must have a financing strategy that considers the pros and cons of different sources of funding like equity, loans, income reinvestment, and other options.
3) A thoughtful investment strategy is needed that balances long and short-term investments based on the business model and compares financial ratios to industry benchmarks.
4) Clean, accurate accounts are essential for planning, management, and performance evaluation. Managers need both financial and managerial accounting reports to make strategic decisions.
The document provides Greenspring Wealth Management's 2010 investment outlook presented by Patrick Collins. It discusses important disclosures for investors and summarizes investment performance in 2009. Key themes for 2010 discussed include valuations returning to normal across asset classes, long-term demographic trends favoring emerging markets, increasing taxes to fund government debt, and whether inflation or deflation will emerge.
Modern Investing: Is it Different this Time?osubucs
This document discusses modern investing and provides arguments for staying invested in the market during periods of crisis and volatility. It presents data showing the S&P 500 typically recovers following geopolitical events and market declines. It also notes the potential impact on returns of missing only a few of the best trading days. The document then discusses asset allocation, determinants of portfolio performance, and introduces Legend Advisory Corporation as a professional money manager that uses an asset allocation model and fund selection process.
The document discusses the Polen Focus Growth strategy, which seeks long-term growth through a concentrated portfolio of outstanding businesses with sustainable competitive advantages and superior growth potential. The strategy focuses on identifying large cap companies with earnings driven by sustainable competitive advantages, strong financials, proven management, and strong products/services. The objective is to outperform the Russell 1000 Growth Index over time with less volatility during declines.
1. The document discusses critical investor mistakes such as failing to establish an investment strategy, not devoting enough time to learning and research, and not diversifying assets.
2. It provides data showing that while stocks have averaged higher returns than inflation over the long run, individual investors have not achieved the same returns due to poor timing of investments and emotional reactions to market fluctuations.
3. The presentation emphasizes the importance of risk management, adapting portfolios to changing market conditions, diversifying across asset classes and investment styles, and working with a financial advisor.
The document describes services offered by Hedge Fund Tools to help emerging hedge fund managers launch their funds. It offers legal consultation, prime brokerage services, third party administration, annual audits and taxes, website development, marketing materials, and a hedge fund calculator. The services are designed to provide a full infrastructure and support for launching and operating a new hedge fund in a comprehensive yet efficient manner.
The New Rules for Investor Relations (Alternative Assets)Navatar
The cycle of fundraise, fatigue, and repeat doesn’t work in today’s competitive environment. Relationships languish, potential leads who are open to subsequent raises lay fallow, and with each new raise managers find they start from square one. In this presentation, learn why fund managers need a systematic approach to engage with investors on an on-going basis, to shorten fundraising cycles and to build longer lasting partnerships with investors.
Topics will include:
- How to create an investor communication plan
- How to market when not marketing
- How to create a capital raising strategy
This document provides an overview of the F.A.R. Green Opportunity Zone Fund I, LLC and its investment strategy. The Fund will target stable, long-term alternative real estate investments in industrial, agricultural, and multi-family properties located in Qualified Opportunity Zones. The Fund aims to generate returns of 20-50% through value-add and distressed acquisitions at a discount to replacement cost. The portfolio will be diversified across property types and locations, with a focus on downside protection through disciplined underwriting and strong tenant profiles.
Are you more like a stock or a bond? Gregg S. Fisher discusses the importance of thinking about the characteristics of your income stream (is it stable, or more volatile, e.g.?) in relation to your investment portfolio.
This document provides information about an investment opportunity in a Nordic listed engineering bond. The bond offers a 7.5% annual return paid semi-annually and is listed on a recognized stock exchange. The issuing company aims to acquire financially strong Nordic engineering businesses to build a mini conglomerate and benefit from economies of scale. The bond provides investors with regular income from a diversified portfolio of mature engineering companies operating in non-cyclical sectors.
This document provides updates from an independent financial advisory firm on recent changes in the financial industry. It discusses:
1) The introduction of new pension freedom rules in the UK, which were well-received as they provide more flexibility in how pension benefits can be taken. The firm has acquired a new planning tool to help clients understand their options.
2) Continued global market volatility in 2015 and the importance of reducing investment risk. The firm's wealth management service addresses this.
3) The impact of auto-enrollment legislation on small employers and the firm's development of a low-cost workplace pension scheme for clients who own businesses.
4) Introductions for the financial advisors at the firm and
Gregg S. Fisher takes a deeper dive into the concept of human capital and investing with specific examples based on hypothetical investors in several fields of work.
The document discusses various stages of funding rounds for startups, including friends and family rounds with little investment; angel investments to test sales potential; seed rounds under $2 million with minimal financial reporting; Series A rounds over $5 million where founders pitch to VCs and financials are expected; Series B+ where accounting moves in-house and GAAP reporting is required; and debt financing from banks with high interest rates.
StockTakers is offering a 12% callable 5-year bond with quarterly coupon payments totaling $15 million. The bond offering aims to fund further work analyzing equities markets using their proven Risk Price method. StockTakers' public portfolios have doubled in less than 3 years, outperforming any hedge fund using their tool to identify undervalued stocks tending to hold value or gain. The bond offers sustained quarterly income from investing in equities markets using their approach.
Do you know your net worth? Creating a net worth statement is a fairly straightforward exercise. In this segment, Chief Investment Officer Gregg S. Fisher talks about how to construct one and why it’s important to your financial health.
Fixed annuities may be suitable retirement tools for some people after considering their financial situation and objectives. However, fixed annuities are not appropriate for everyone and potential buyers should review product brochures and discuss options with a licensed agent. While fixed annuities offer tax-deferred growth and guaranteed income, these guarantees depend on the financial strength of the issuing insurance company.
PFCapital Just Energy 062314 FINAL AMENDEDChand Sooran
- Just Energy Group Inc. (JE) stock presents an opportunity as factors that have weighed it down recently appear temporary. The stock could increase almost 80% from current levels.
- JE sells natural gas and electricity to residential and business customers in deregulated markets in Canada, US, and UK. It locks in fixed or variable prices for customers and hedges its own commodity exposure.
- Recent poor weather drove missed guidance and dividend cut, but normalization is expected. Debt reduction from asset sales also provides upside optionality from a potential solar JV or improved leverage.
“Investors often think they are thinking when they are actually feeling.” This is one of the insights Gregg S. Fisher shares in discussing how investor behavioral and emotional biases often drive sub-optimal buy and sell decisions.
Square Mile Asset Management Limited is authorised and regulated by the Financial Services Authority. The document discusses setting investment goals and choosing appropriate investments based on an individual's risk tolerance, time horizon, and objectives. It notes that initially setting aside short-term savings for emergencies is prudent, while longer-term investments can involve more risk but also potentially higher returns. The right investment strategy depends on balancing these factors as well as understanding taxes and costs.
The Retirement 101 Enrollment Presentation is the companion piece to the Retirement 101 Enrollment Guide, the marquee collateral in the Nationwide Retirement enrollment drive. Together they exceeded the 2011 standard entity first-year deposits goal of $84.8M by 25%, netting new participant deposits of $112.4M in its first year.
This document provides rules and guidance for entrepreneurial accounting and finance. It discusses several key points:
1) Everyone should understand finance, but accounting tasks can be delegated. Finance is integral to daily decisions.
2) Entrepreneurs must have a financing strategy that considers the pros and cons of different sources of funding like equity, loans, income reinvestment, and other options.
3) A thoughtful investment strategy is needed that balances long and short-term investments based on the business model and compares financial ratios to industry benchmarks.
4) Clean, accurate accounts are essential for planning, management, and performance evaluation. Managers need both financial and managerial accounting reports to make strategic decisions.
The document provides Greenspring Wealth Management's 2010 investment outlook presented by Patrick Collins. It discusses important disclosures for investors and summarizes investment performance in 2009. Key themes for 2010 discussed include valuations returning to normal across asset classes, long-term demographic trends favoring emerging markets, increasing taxes to fund government debt, and whether inflation or deflation will emerge.
Modern Investing: Is it Different this Time?osubucs
This document discusses modern investing and provides arguments for staying invested in the market during periods of crisis and volatility. It presents data showing the S&P 500 typically recovers following geopolitical events and market declines. It also notes the potential impact on returns of missing only a few of the best trading days. The document then discusses asset allocation, determinants of portfolio performance, and introduces Legend Advisory Corporation as a professional money manager that uses an asset allocation model and fund selection process.
The document discusses the Polen Focus Growth strategy, which seeks long-term growth through a concentrated portfolio of outstanding businesses with sustainable competitive advantages and superior growth potential. The strategy focuses on identifying large cap companies with earnings driven by sustainable competitive advantages, strong financials, proven management, and strong products/services. The objective is to outperform the Russell 1000 Growth Index over time with less volatility during declines.
1. The document discusses critical investor mistakes such as failing to establish an investment strategy, not devoting enough time to learning and research, and not diversifying assets.
2. It provides data showing that while stocks have averaged higher returns than inflation over the long run, individual investors have not achieved the same returns due to poor timing of investments and emotional reactions to market fluctuations.
3. The presentation emphasizes the importance of risk management, adapting portfolios to changing market conditions, diversifying across asset classes and investment styles, and working with a financial advisor.
This document provides an overview of Russell Investments' global practice management perspective and insights. It discusses four fatal assumptions that advisers often make and four characteristics of winning advisers. It also examines how investor behavior leads to buying high and selling low. Additionally, it explores topics like the value of an adviser, disruptions from demographic shifts and technology, and taking an outcome-oriented approach to portfolio selection aligned with a client's goals. The document offers guidance to help advisers plan beyond 2020.
This document discusses financial planning strategies for women. It begins by introducing the financial advisor and her company. It then discusses the importance of introspection and having the right mindset for investing. It introduces the concept of creating a "PACT" (Prepare, Accumulate, Consume, Transfer) to help organize financial goals. It discusses different investing approaches at various life stages and the benefits of diversification and dollar cost averaging. It provides examples showing the power of compound returns over time and benefits of maintaining a long-term perspective during market fluctuations.
The document discusses financial planning strategies for women. It introduces the "three i's of investing": introspection, investigation, and invitation. Introspection involves examining myths and mindsets around investing. Investigation means creating a financial plan using a "PACT" framework of preparing, accumulating, consuming, and transferring assets. Invitation is taking action by finding a financial advisor and getting advice. The document provides hypothetical scenarios to illustrate asset allocation, diversification, and planning for different life stages from young to retired. It emphasizes the benefits of financial advice for better habits, confidence, and planning.
This document discusses financial planning strategies for women. It begins by introducing the financial advisor and her company. It then discusses the importance of introspection, investigation, and invitation when it comes to investing. It provides tips for setting financial goals and creating a plan to prepare, accumulate, consume, and transfer assets. It also discusses the benefits of diversification and dollar cost averaging. Overall, the document provides guidance to women on developing strong financial strategies.
How to become a winning adviser in the new world - Russell InvestmentsnetwealthInvest
This document discusses planning for financial advisers beyond 2020. It covers several topics to help advisers succeed, including focusing on efficiency, measuring success, valuing the role of an adviser, addressing investor behavior gaps, and adapting to demographic and regulatory changes. The value of segmentation and delivering the right client experience is also discussed. Disruptions from technology are addressed as well as moving to an outcome-oriented approach.
This document discusses Equilibrium Wealth Management's investment philosophy and approach. It emphasizes balancing return, risk, and capital preservation. It highlights the firm's experienced team and strategic partnerships with LPL Financial and HighPoint Advisor Group. The investment strategy focuses on asset allocation, including non-traditional investments, to reduce risk and increase returns for clients based on their individual tolerance for risk.
This document provides an overview of a financial advisor's presentation to a potential client. The presentation introduces the advisor's team and process, discusses the benefits of working with a financial advisor, and highlights the capabilities and resources provided through the advisor's partnership with Raymond James. Key points include explaining how emotional biases can lead individual investors to make poor decisions, demonstrating how individual investors have historically underperformed benchmarks, and outlining the advisor's client-focused approach and access to specialists.
Master Limited Partnerships (MLPs) are stocks given tax preferences under the 1987 Tax Act. Basically, they are tax advantaged utilities benefiting from the shale energy boom in the United States.
MLP’s income is very attractive and most midstream MLPs offer solid dividend growth which grows their income. Because MLPs are tax advantaged, most of their income is treated as a return of capital and it carries no initial tax liability.* As a result, MLPs offer some of the most attractive after-tax equivalent yields and will likely experience distribution growth. Since most MLPs are involved in the build out of the energy infrastructure driving the United States Energy Shale Boom, the growth prospects for many MLPs is quite robust. Further, most MLPs are natural monopolies regulated by the Federal Energy Regulatory Commission. This means that many of these MLPs have government protected businesses that are free from unbridled competition. E.g. FERC won’t let a second pipeline be built next to a pipeline unless there is clear demand for a new pipeline.
Bouchey Financial Group 2014 State of the Economy Presentation Part 4Victoria Baecker
This document discusses various asset classes and their performance over time. It covers fixed income investments like bonds and their role in a portfolio. It also discusses commodities and their supercycle as well as equities performance relative to gold. The document stresses the importance of broad diversification across asset classes and over the business cycle.
The document discusses several topics:
1) The introduction of new pension freedom rules in the UK which gave clients more flexibility in how they access their pension benefits. These rules were well-received by clients.
2) Global market volatility in 2015 and the importance of reducing investment risk.
3) New auto-enrollment legislation that will require all UK employers to enroll their staff in a workplace pension by 2018. The company offers a low-cost pension solution for small businesses.
4) Introduces the team of financial advisors at the company.
This document provides updates from an independent financial advisory firm on recent changes in the financial industry. It discusses:
1) The introduction of new pension freedom rules in the UK, which were well-received by clients who could benefit from added flexibility in how and when they take pension benefits.
2) Continued global market volatility in 2015 and the importance of reducing investment risk through diversification.
3) New auto-enrollment legislation in the UK that will require all employers to enroll staff in workplace pension schemes by 2018. The firm has developed a low-cost pension solution for business owners.
Charity Reserves: the good, the bad and the uglyNICVA
A presentation from Gemma Woodward, Executive Director and Director of Responsible Investment at Quilter Cheviot on charity reserves. Presentation given at NICVA's Charity Finance Conference for Trustees.
John McGonagle • EPI Advisors, LLC
- Understanding the relevance of risk-adjusted returns by Dave Walton
- Strongest jobs gain since 2012 surprises markets
- Building stronger visibility for an advisory firm (Rodger Sprouse, Titan Securities)
Third Point Re provides a presentation summarizing their business. They operate in property and casualty reinsurance, have an A- rating from AM Best, and work with investment manager Third Point LLC. Since starting in 2012, they have achieved a 13.0% return on equity in 2012 and 11.6% return through the first half of 2013. Their total return business model aims to perform well across market cycles by combining reinsurance underwriting profits with superior investment returns from Third Point LLC.
Missing just a few days of strong market returns over a 15-year period could significantly reduce long-term returns. Sitting on the sidelines poses serious risks to performance. Common pitfalls include waiting for perfect conditions, chasing past returns, and panicking during volatility. Financial advisors can help clients navigate these risks through asset allocation, diversification, and periodic rebalancing.
This document discusses various challenges that may impact retirement planning, including changes in retirement landscape, longevity risk, inflation, health care costs, investment risk, and excess withdrawal risk. It emphasizes the importance of developing a retirement income strategy with a financial professional to establish goals, address challenges, and develop and monitor a plan.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
What drives stock market returns
1. Presenter J. Patrick Collins Jr., CFP®, EA Wealth Manager & Principal What Drives Stock Market Returns?
2. Disclosures Please remember that different types of investments involve varying degrees of risk, and that past performance may not be indicative of future results. Therefore, it should not be assumed that future performance of any investment strategy, including the investments or investment strategies recommended by Greenspring Wealth Management, Inc. in the presentation will be profitable or will correspond to any index or past performance. A copy of our current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. Please note that investments in this presentation may not be suitable for all investors and this presentation should not be a substitute for personalized advice from Greenspring Wealth Management, Inc or from a professional advisor of your choosing. The comments in this presentation are current as of September 2010 and my not be reflective of the current strategy or recommendations of Greenspring Wealth Management. The Investment Committee may modify its recommendations at any time based on current information or developments. Please remember to contact Greenspring Wealth Management, Inc. if there are any changes in your financial situation or investment objectives for the purpose of reviewing our previous recommendations and services, or if you wish to impose, add to, or modify any reasonable restrictions to our investment management services.
3. It’s Not The Economy Average Annual Change (Compounded) By Decades Source: Crestmont Research Source: Crestmont Research 2010
6. Earnings Data Source: Robert Shiller, Irrational Exuberance Source: Robert Shiller, Irrational Exhuberance
7. Earnings Growth Rates 10 Year Normalized Earnings Growth per Share of S&P 500 1891-2010 Data Source: Robert Shiller, Irrational Exuberance Source: Robert Shiller, Irrational Exhuberance
8. Price-to-Earnings Ratio Normalized Price-to-Earnings Ratio of S&P 500 1881-2010 Data Source: Robert Shiller, Irrational Exuberance Source: Robert Shiller, Irrational Exhuberance
9. Forecasting Returns FORMULA Earnings X P/E Ratio + Dividends CURRENT STATISTICS & ASSUMPTIONS Current S&P 500 Value: 1,140 Current Dividend Yield of S&P 500: 2% 10 Year Earnings Growth (from current normalized value of $49 per share): Low: 70% Mid: 95% High: 125% P/E Ratio: Low: 10 Mid: 16 High: 24 Source: Robert Shiller, Irrational Exhuberance
10. Forecasting Returns 10 Year Average Returns Matrix of S&P 500 This chart is for illustration purposes only and is not a guarantee of future results. Source: Robert Shiller, Irrational Exhuberance
Editor's Notes
My name is Patrick Collins and I am a principal and wealth manager at Greenspring Wealth Management. With all of the turmoil the equity markets have seen over the past three years, we thought it would be a good idea to get back to basics and look at the drivers of stock market returns. Forecasting future returns requires advisors and investors to understand these metrics and how to evaluate them. This short presentation is meant to give you an understanding of what drives stock market returns, where are we now and what are some probable return scenarios in the future.
Please take a moment to read these important disclosures.
Most people believe that growth in our ecomony’s GDP (gross domestic product) is the main driver of stock market returns. This slide shows that economic output (which tends to drive corporate profits, employment and government spending, to a degree) has very little correlation to the returns in the stock market.This is a key point to understand since many people will make their investment decisions based on factors like whether the economy is performing well, the latest jobs report, or earnings releases from corporations. This slide shows that these factors have very little impact on returns. A good example would be the last decade in our economy. Our nation’s GDP averaged over 4% growth per year while our stock market lost value. In fact over the past 110 years , GDP actually has grown faster in bear markets than bull markets. All of these statistics just go to show that using economic growth as a reason to buy or sell stocks is a losing proposition.So what are the factors that influence stock market returns?
Dividend yields, earnings and the Price to Earnings ratio determine stock returns. There is a fairly simple formula that can be used to calculate returns, the only problem is that we don’t know the inputs in advance. The earnings of the stock market (or for an individual stock for that matter) times the price to earnings ratio which is basically what the general market is willing to pay for those earnings plus dividends received will give you the stock market’s return. Therefore, we thought it would be useful to understand these three factors and use history as a context when trying to forecast the future.
Dividend yields have been fairly steady (when compared to the other two factors) over the past 140 years. The dividend yield is simply the dividends received divided by the price, in this case of the S&P 500. As you can see the dividend yield of the S&P 500 has been trending down except for a few spikes for the past 90 years. Instead of paying out cash to shareholders, corporations have elected to use it to invest in productive assets. The current dividend yield of the S&P 500 is approximately 2 percent which means that if the market’s price does not appreciate for the next 10 years, as long as dividends remain stable, investors will receive approximately 2 percent per year in returns. It is interesting to note that in this low interest rate environment the dividend yield is not much less than investing in many bonds which have no growth potential.
The next two slides have to do with the second factor in the equation: aggregate earnings of the companies in the S&P 500. As you will see, earnings have grown exponentially over the past 130 years and there is no reason to believe that this trend will end over the next 130 years. This chart shows that growth is the normal state of the economy and periods of stagnation are more the exception than the norm. Earnings are the second part of the equation and are key to stock market returns. The more a stock earns, theoretically the more it will be worth. While this is not always the case, it is one part of a three part equation.
While over the long-term earnings tend to grow, during shorter time periods, earnings can be volatile. This chart shows rolling 10 year earnings growth rates of the S&P 500 companies. You will see that over 10 year periods earnings growth have ranged from over 170% to negative 25%. The average 10 year earnings growth is approximately 55%. We use normalized earnings which is an average of the S&P 500s earnings over the past 10 years. That average is approximately $49 per share today. Interestingly, the actual earnings today stands around $75 per share. The normalized or average earnings number is much less since it is averaging earnings from the last 10 years which saw two recessions. Therefore, we believe moving forward, it is reasonable to expect normalized earnings growth to come in well over it’s long term average of 55%.
The third part of the equation, P/E ratio, is the hardest to forecast and most influential component of stock market returns. The Price to earnings ratio is simply what the market is willing to pay for a stream of earnings. There are a multitude of factors that influence this ratio like investor sentiment, interest rates, and future economic prospects. We used an example earlier showing that during the past decade there was negative growth in the stock market but positive GDP growth in the United States. This chart shows you why the stock market had negative returns in the face of a growing economy. In 2000 the P/E ratio was at an all time high with investors willing to pay nearly 45 times a company’s earnings to purchase that company’s stock. While the economy (and in most cases the earnings of those stocks grew) the price investors were willing to pay for those earnings shrunk dramatically causing market returns to turn negative over the past decade. The average P/E ratio over the past 130 years has been 16, while we are currently at 19, just slightly above the average. It is impossible to know where the P/E ratio will be in 10 years, but it is comforting to know that the value of our stock market is well within a normal band and should not be a major contributor to either negative or positive returns in future years, barring an extreme shift in valuation like in 2000 or the early 1980s.
Now that we have reviewed the three factors that drive market returns, we thought it would be useful to go through an exercise to forecast future market returns. Again, reviewing the formula, we’ll need to calculate where earnings will be in 10 years, what the market will be willing to pay for those earnings (PE ratios) and the dividends received. As you will see below we have provided some ranges for both earnings and the PE ratio to see how those assumptions will translate into market returns.It is important to note, that these assumptions and results are not guarantees of future performance and returns could be outside our ranges if our assumptions are wrong. Earnings growth assumptions are listed and are elevated from average growth levels for many of the reasons we mentioned earlier. Also, the PE ratio listed are a wide range of potential outcomes. Let’s take a look at the results
The matrix lists the 10 year average annual return of the market using several different scenarios. If you throw out the two extreme scenarios you find that market returns range between 0.2 and 9.2%. Because dividend yields are historically low and we are starting from a slightly overvalued market (compared to the long-term average) we think it is reasonable to expect stock market returns to fall short of their long-term average over the next 10 years.This has implications for investors, pension funds and endowments who should most likely think about these findings when developing their expected returns. At Greenspring we have ratcheted down our expected returns from equities when developing our financial projections for clients in light of these findings.We hope you enjoyed the seminar. Feel free to contact us at www.greenspringwealth.com if you have any questions.