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Transcript: Jenny Johnson, Franklin Templeton

The Big Picture

JOHNSON: So I spent a year, my father said to me, “Look, if you’re going to be in the financial services business you should probably work in New York.” Otherwise, the West Coast, if you were in the financial services business, it was rough life. RITHOLTZ: It was just Franklin. RITHOLTZ: Right.

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Global Leaders Strategy Investment Letter: January 2024

Brown Advisory

Statistically, these are known as Type 1 errors of commission (or inclusion) having fallen for a false positive signal. Bank Rakyat’s micro lending business has approximately 98% annual payback on its loans. ROIC calculations presented use LFY (last fiscal year) and exclude financial services. 13 It’s a win-win.

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Empower (formerly Personal Capital) Review – Managing All Your Investments in One Place

Good Financial Cents

You see, financial advisors that focus primarily on wealth management can be costly to keep around. They charge either a percentage of assets managed or a flat hourly rate that can run as high as several hundred dollars per hour, plus trading commissions and administrative fees. And, that’s it.

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Global Leaders Strategy Investment Letter: August 2023

Brown Advisory

banking crisis in 1Q23 and this is undoubtedly not an exhaustive list. Sometimes factors are short and sharp as seen with the US banking crisis earlier this year. ROIC calculations presented use LFY (last fiscal year) and exclude financial services. This is the reasoning behind our drawdown reviews.

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Investment Perspectives - The Great Debate

Brown Advisory

The academic thesis that equity managers as a whole will approximately equal overall market returns is followed by a corollary: Some managers will outperform for periods of time, but it is impossible to predict which manager will deliver favorable results, or when they will do so—in other words, outperformance (alpha) is random.

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Investment Perspectives - The Great Debate

Brown Advisory

The academic thesis that equity managers as a whole will approximately equal overall market returns is followed by a corollary: Some managers will outperform for periods of time, but it is impossible to predict which manager will deliver favorable results, or when they will do so—in other words, outperformance (alpha) is random.

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My Investing Mentors

The Irrelevant Investor

Here he is, from his 1967 classic: A stock is for all practical purposes, a piece of paper that sits in a bank vault. On the economic side there is no denying that the more financial predictions you make the more business you do and the more commissions you get. Most likely you will never see it. But it just wasn't the case.