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.
The US Office of Financial Research's ability to bolster financial stability is being called into question because of limited funding and staffing and because interim leader Kipp Kranbuhl holds an additional temporary role in the Treasury Department. President Donald Trump has nominated Dino Falaschetti, who advocates abolishing the OFR, to be the permanent head, but the Senate has yet to act on the appointment. MLex (subscription required) (21 Feb.)
Commerce Department data suggest the US economic expansion is losing momentum. Orders for capital goods are falling, a slowdown in the sale of business equipment continues and the National Association of Realtors has reported sales of existing homes fell last month to the lowest level since November 2015. Reuters (21 Feb.)
Concerns about damage a no-deal Brexit would cause the UK economy are prompting progress toward a transition agreement, UK Chancellor Philip Hammond says. "My own view is that what is driving the process at the moment is the sense of a deadline," he says. Politico (21 Feb.)
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