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 heads the 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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US Sens. Sherrod Brown and Elizabeth Warren have criticized Randal Quarles, vice chairman for supervision at the Federal Reserve, for backing a proposal to relax the supplementary leverage ratio for the eight largest banks. Fed Governor Lael Brainard cast the sole vote against the proposal. MLex (subscription required) (21 May.)
Investors are selling off Italian bonds amid concerns about the political landscape, as two populist parties develop a government, and about a potential request to write down debt. The two-year yield is the highest in almost three years at 0.28%, and the 10-year yield was 20 basis points higher Monday compared with Friday. Bloomberg (tiered subscription model) (21 May.)
Chinese and US negotiators have agreed on an outline of a compromise under which the US lifts a ban on domestic companies' sales to Chinese telecommunication firm ZTE, sources say. As an alternative, ZTE reportedly must revamp management and might have to pay large fines. MarketWatch (22 May.)
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