Steve Sanduski

AUGUST 4, 2022

Charles Schwab just released their 2022 RIA Benchmarking Study and I decided to crunch the numbers and see what the data shows. Crunch the Numbers. Simple math says the CAGR of NET NEW ASSETS (i.e., Various assumptions are built into my calculations but there’s no doubt net organic revenue growth is almost non-existent.

Math 52

Math Portfolio Numbers Distribution 52

The Big Picture

SEPTEMBER 19, 2023

Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. And no one asked me if I can do math anymore with a degree from Booth, particularly in econometrics and statistics. Two reasons.

Assets 143

Assets Management Portfolio Investing 143

Random Roger's Retirement Planning

NOVEMBER 21, 2023

The way my new firm is set up, I could outsource everything, for a fee, and the way this was positioned, I think there might be a decent number of advisors who do just that. So using simple math, the total return is 34% versus 72% for the common. They talked about how outsourcing model construction can save advisors a lot of time.

Portfolio 73

Portfolio Asset Allocation Math Compliance 73

Random Roger's Retirement Planning

JULY 8, 2023

That is difficult to pull off but if you do the math on that it shows long term outperformance. He makes a good point about not relying solely on math to assess markets and portfolio construction, that the psychology of markets is important too. 75/50 seeks to capture 75% of the upside with only 50% of the downside. I agree with him.

Asset Allocation 62

Asset Allocation Math Portfolio Assets 62

Random Roger's Retirement Planning

DECEMBER 10, 2023

As a matter of math, it cannot repeat the run from 8.5% It's not that 60/40, or some other combination of numbers is bad or dead, more like how we build the 40 or other number maybe needs to be different. Joe Quinlan from Merrill Lynch believes the "stability" that bonds offer "allow clients to sleep at night."

Portfolio 60

Portfolio Math Assets Retirement 60

The Big Picture

MAY 9, 2024

No audited returns, mathematically improbable claims, and zero accountability But none of these “influencers” sell securities to clients, so they do not fall under the regulatory oversight of the Securities and Exchange Commission (SEC).2 2 Sure, you can claim mainstream media is bad, but social media is worse.

Media 328

Media Taxes Math Investing 328

Brown Advisory

JANUARY 17, 2024

We are in the rejection business and the statistics are stark as to how we should be very careful whenever investing our clients’ hard-earned dollars. We all know that a 55% hit rate is the top decile across the industry, and the maths above demonstrates why. We believe that avoiding losers is more important than finding big winners.

Investing 52

Investing Investments Portfolio Compliance 52

Random Roger's Retirement Planning

FEBRUARY 8, 2023

Here are some other numbers compared to the S&P 500 and VBAIX which is a proxy for a 60/40 portfolio. The way the math works, a 67% allocation to NTSX replicates 100% into a 60/40 portfolio which leaves 33% left over to do something. I have no interest or intention of using any of the funds mentioned personally for for clients.

Portfolio 40

Portfolio Math Management Investing 40

Random Roger's Retirement Planning

JULY 15, 2022

BTAL is of course a client and personal holding, it goes long low volatility stocks and short high volatility stocks. and that is the number I will assume. and that is the number I will assume. The math shows the NTSX/ARBIX/BTAL combo would be down 14.7% First I will say that somethin ain't right with that VBAIX result.

Portfolio 47

Portfolio Math Numbers Marketing 47

Brown Advisory

MAY 31, 2018

But the activity gap has narrowed over the past five years, and a growing number of startups, patent filings and VC dollars are now driven by Chinese innovation. STEM (science, technology, engineering and math) funding is steadily declining—a dynamic that potentially opens the door for China to gain ground on the AI innovation front.

Startup 52

Startup Math Clients Assets 52

Brown Advisory

MAY 31, 2018

But the activity gap has narrowed over the past five years, and a growing number of startups, patent filings and VC dollars are now driven by Chinese innovation. STEM (science, technology, engineering and math) funding is steadily declining—a dynamic that potentially opens the door for China to gain ground on the AI innovation front.

Startup 52

Startup Math Clients Assets 52

The Big Picture

JANUARY 24, 2023

They have $37 billion in clients and their own funds, of which they have invested across a variety of disciplines from credit to strategic capital, as well as taking companies private and helping them grow into something more substantial than they’ve been in the past. They’re advising clients. RITHOLTZ: Oh, really?

Investing 259

Investing Investments Numbers Banking 259

The Big Picture

MAY 9, 2023

He co-chairs a number of the asset management investment committees. So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998. I ended up being hired onto the high yield desk as a research analyst and did that for a number of years, a couple of years.

Assets 290

Assets Clients Investing Investments 290

Sara Grillo

MAY 8, 2023

Listen to this if you are a financial advisors or consumer who wants to see through the crap and make better decisions about whether IUL is good for you (or your client) or NOT. We have seen scenarios where clients go into it expecting to earn 6-8% and the policy earns 3-4%. For those of you who are new to my blog, my name is Sara.

Insurance 59

Insurance Clients Financial Advisor Accounting 59

Clever Girl Finance

OCTOBER 30, 2023

In real numbers, that works out to 57 million people! As an ESL teacher, you will be able to teach English to clients in places such as Hong Kong, China, and the Middle East who are looking to improve their career prospects by learning English. You can do this type of remote work part-time or full-time once you get enough clients.

Recruitment 52

Recruitment Engineering Certification Communication 52

Clever Girl Finance

JUNE 21, 2023

You typically can’t start making money as a blogger or freelancer overnight since it’ll take time to grow your readership or gain clients. If you find enough clients, you can even turn it into a full-time business to earn a full-time income! For help finding clients, try signing up for an account with Rover or Wag.

Food 52

Food Retail Accounting Clients 52

The Big Picture

NOVEMBER 14, 2023

She has a really fascinating background, very eclectic, a combination of math and law. She has run a number of firms and a number of divisions at large firms and traced a career arc that’s just very unusual compared to the typical person in finance. It is something, math has always come easy to me since a child.

Math 130

Math Management Insurance Assets 130

Carson Wealth

MARCH 2, 2023

Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner We’ve all asked ourselves whether it’s too early to retire (usually after a particularly challenging commute or dealing with a difficult client). But even if you feel confident today, would it be reasonable to retire early?

Retirement 98

Retirement Taxes Financial Advisor Accounting 98

The Big Picture

OCTOBER 17, 2023

So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. Graham Foster] : 00:02:54 That was a number, that was number theory, pure number theory. It gets further and further away the D P U go.

Investing 130

Investing Investments Clients Management 130

The Big Picture

SEPTEMBER 19, 2022

WENGER: No, we’ve definitely always been disciplined on valuation, and we’ve let a number of things go. We went from having religions where, you know, everything was a spirit, a tree, a rock, everything had a spirit, and then we went from that to theistic religions where there was some different number of gods.

Valuation 296

Valuation Investing Investments Engineering 296

The Big Picture

NOVEMBER 22, 2022

Number one, and I think they both reflect strong leadership at the firms. Number one, you had, you know, somewhat of a groundswell from within the firm, certainly at leadership that said we need to figure out a way to do something. Key brands, number one, Coca-Cola Bottling is the company that really helped to jumpstart the city.

Recruitment 143

Recruitment Engineering Investing Investments 143

Clever Girl Finance

FEBRUARY 21, 2024

The term personal finance ratios might give you flashbacks to math class, learning various formulas, equations, and ratios. In mathematical terms, a ratio is essentially a way to compare two numbers. Since finance is all about numbers, that can come in handy in many ways especially when making financial calculations!

Assets 77

Assets Numbers Math Retirement 77

Sara Grillo

JUNE 12, 2023

Quick math: If you have $1.828 million in the bank. It’s impossible to figure out from the illustration – it can only be determined based upon this supplemental report that is usually not asked for by the fiduciary financial advisor or the client. And , you have to do the math by hand. There is an admin charge of about $49k.

Insurance 59

Insurance Clients Financial Advisor Math 59

Clever Girl Finance

MARCH 6, 2023

As you start hearing from potential clients , talk to your parents before meeting up. Set up a regular rotation of clients so that you always have enough snow to shovel. You can offer to take pictures of an event or edit photos taken by the client. Some clients prefer you stay in their homes while they are out of town.

Media 86

Media Accounting Banking Food 86

Midstream Marketing

SEPTEMBER 24, 2019

They spend hours writing articles and finally hit that “Submit” button… only to not get anywhere near the number of leads that they thought they would. They pour over all the latest trends, breaking news items, tips, tricks and best practices in their industry. If, of course, they were even able to generate leads at all.

Financial Advisor 52

Financial Advisor Retirement Planning Retirement Planning 52

The Big Picture

SEPTEMBER 12, 2022

They run over $800 billion in client assets, and Kristen’s group, the North American Group, is responsible for about half of the revenue that that massive organization generates. I wasn’t that typical person that did a number of, you know, internships during the summer, had that …. I want to be client-facing. I love statistics.

Clients 290

Clients Wealth Management Investing Investments 290

The Big Picture

AUGUST 29, 2023

And it worked out and had multiple job offers coming out of school from a number of different insurance companies. I had a number of relationships that I built up and had another job lined up in New York City. It’s client related, it’s media like we’re doing today. I thought that was a really interesting story.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

DECEMBER 6, 2022

when I first moved from Spain, and I learned a lot because I spent a lot of time with financial advisors, which, as you know, is a key segment of our client base today. I was employee number 10. phenomenon, it’s a global phenomenon and we want to be able to service our clients in all regions of the world. BERRUGA: Yeah.

Clients 154

Clients Investing Investments Management 154

The Big Picture

MARCH 20, 2024

As it turns out, there are ways you can use data to your advantage, even if you’re not a math wizard. And everyone answers for, except for the person they hire, whose answer was, what number did you have in mind? the number of periods over one, three, five, and 10 years where it beats its benchmark is extremely high.

Investing 154

Investing Investments Portfolio Valuation 154

Fortune Financial

MARCH 11, 2023

Proponents of this argument will point to a huge increase in vaping as a percentage of the nicotine revenue pool the last several years as evidence of this, yet that analysis misses a key point which is that cigarette revenues have grown in absolute terms despite the heightened competition: How exactly does this math work?

Math 52

Math Financial Advisor Numbers Marketing 52

The Big Picture

MAY 30, 2023

Number one, a school district is a business. And number two, and I think that they were like, I’m sure there’s a note coming after this with a congressional allocation, and it never came. BRYANT: Number two, money is emotional. BRYANT: So money, unlike math, money is highly emotional. RITHOLTZ: Right.

Banking 143

Banking Economics Economy Business Planning 143

Clever Girl Finance

OCTOBER 17, 2023

When it comes to your financial health, your income is one of the most important numbers in the equation. How might this number be affected in a freelance job? Let’s start by looking at the numbers in their simplest form. Now, let’s crunch some of the other numbers… $45k a year is how much… Total (gross) pay Hourly $21.63

Taxes 52

Taxes Numbers Math Management 52

Random Roger's Retirement Planning

JULY 1, 2022

I held Plum Creek for clients for a time but as a stock, versus a direct investment, it only partially captured the effect. Barry's quote reminded me of another influence on how I try to manage client portfolio volatility and why I use alts (yes, that conversation continues).

Portfolio 40

Portfolio Math Management Clients 40

The Big Picture

JUNE 6, 2023

And they do that for 35 years tweaking numbers I go you won, you won the game. Number one, everybody has credit cards, everybody misunderstands how to use them, and there are actually some secret perks that people have no idea about. In fact, here’s the phone number you call, and you will get your $37 fee waived.

Accounting 130

Accounting Numbers Budgeting Financial Counseling 130

The Big Picture

AUGUST 8, 2022

ANAT ADMATI, PROFESSOR OF FIANCE AND ECONOMICS, STANFORD GRADUATE SCHOOL OF BUSINESS: So, my journey starts where I took a lot of math. I was good in math and I love the math. So, I was kind of, in my romantic mind when I was in my early 20s, I was going to take but not give back to math, that kind of thing.

Banking 198

Banking Government Insurance Taxes 198

Random Roger's Retirement Planning

JULY 14, 2022

I've dabbled with a couple of these but they can be tricky to own and it has been a long time since I used any in client accounts. For the 5 year bull market you could simplistically add 10% per year or 50% total in dividends and for this year 7 or 8% (six months worth) back in which changes the numbers considerably.

Portfolio 54

Portfolio Math Clients Marketing 54

The Big Picture

FEBRUARY 13, 2023

And like I say, that’s part of why it’s translated to a number of people coming to BlackRock and be with me today. RIEDER: So I had known Larry Fink and Rob Caputo, our CEO and president, for a number of years. I mean, I said this to clients all the time, we could make the wrong decision on markets. Is it repeatable?

Economy 143

Economy Numbers Portfolio Marketing 143