Isaac Presley, CFA, is Director of Investments for Cordant Wealth Partners, a wealth management firm focused on serving current and former Intel employees. He leads the firm’s investment committee and directs the company’s investment strategy and research. In addition, he leads firm’s blogging efforts on the Cordant Blog.
Overcoming the concerns about occupying a niche leads to several benefits for both an advisory firm and its clients. First and foremost, a specialized focus will make you, as an analyst, more knowledgeable about your clientele. Another major benefit is that you are a category unto yourself in the minds of your potential clients, writes Isaac Presley, CFA.
Former Intel CEO Andy Grove wasn't just a great businessman and leader. It turns out he was also a pretty smart investor. Isaac Presley, CFA, highlights several investing lessons from Grove's life and work.
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The Securities and Exchange Commission has postponed by six months a liquidity rule for open-end funds. Deadlines for complying with other investor-protection requirements are unchanged. ThinkAdvisor (free registration) (22 Feb.)
The eurozone must move forward with a fiscal union because sharing risk is the only way to manage fiscal shocks initiated by problems in one country that private markets can't handle, according a paper by the International Monetary Fund. Rather than encouraging irresponsible borrowing and spending, a fiscal union could be structured in a way that strengthens fiscal discipline and forces structural reform, the paper says. Politico Pro (subscription required) (22 Feb.)
First-time claims for US jobless benefits declined by 7,000 last week to a seasonally adjusted 222,000, close to a 45-year low, according to the Labor Department. The unemployment rate is 4.1%, the lowest figure in 17 years. Reuters (22 Feb.)
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