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.
EU member governments have agreed to grant derivatives traders a one-year equivalence period to access UK market infrastructure in the event of a no-deal Brexit. Financial Times (subscription required) (12 Dec.)
Conservative Party members of the UK Parliament have voted 200-117 to signal confidence in Prime Minister Theresa May, defeating an effort by critics to remove her over her handling of Brexit negotiations. However, having that many members of May's party voting against her indicates the serious challenges she faces in getting her Brexit deal through Parliament. Politico (13 Dec.)
Several major private equity companies are lobbying Congress for legislation that would relax highly complex rules that keep mutual funds and other large money managers from investing in business development companies. They say the rules overstate BDCs' operating costs, leading some funds to avoid them. BloombergQuint (India) (12 Dec.)
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