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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The European Commission is looking to make technical changes next year to parts of the revised Markets in Financial Instruments Directive in response to persistent criticism from market participants. Financial Times (subscription required) (13 Nov.)
The New York Legislature could remove an obstacle to transition of derivatives cash contracts from Libor to another interest-rate benchmark, but the Federal Reserve-backed Alternative Reference Rates Committee expects election-year delays to prevent action in the near future. "It's unlikely we'll have certainty on this for quite some time," says Brian Grabenstein of Wells Fargo, which is an ARRC member bank. MLex (subscription required) (12 Nov.)
US consumer prices increased the most since March last month, sending the consumer price index up 0.4%, according to the Labor Department. Health care costs had the biggest increase in more than three years, and recreation costs climbed the most since 1996. Reuters (13 Nov.)
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