Episodios

  • James St. Aubin of Sierra Investment Management and Ocean Park Asset Management - What’s Ahead for the Markets and How Will Artificial Intelligence Impact the Investment Industry?

    James St. Aubin of Sierra Investment Management and Ocean Park Asset Management - What’s Ahead for the Markets and How Will Artificial Intelligence Impact the Investment Industry?
    Jul 23 2024

    Today, Rusty and Robyn are joined by James St. Aubin, Chief Investment Officer of Sierra Investment Management and Ocean Park Asset Management. James St. Aubin, CFA®, CAIA®, is Chief Investment Officer for Sierra Investment Management. He has oversight of all activities of the Investment Management department, in collaboration with Sierra co-founders David Wright and Kenneth Sleeper.

    An accomplished investment management executive, his career of more than 20 years includes leadership roles in asset allocation, manager research and portfolio construction. James earned a Bachelor of Science in Finance from DePaul University and is a CFA® and CAIA® Charterholder. He is a Board Member and Treasurer for Children’s Bureau of Southern California, a local non-profit organization focused on primary prevention of child abuse.

    Key Takeaways

    • [03:19] - Learn more about James’ professional background and his current role.
    • [05:11] - Learn more about Ocean Park’s rules based investment philosophy and how they differ from their peers.
    • [08:33] - What is James’ current market outlook and how is he looking at, and thinking about, the market right now?
    • [10:40] - What is James’ outlook for inflation and economic growth, in particular?
    • [13:06] - Are there any other risks that investors should be aware of right now?
    • [14:32] - How does his economic outlook impact his current view on the financial markets?
    • [16:42] - James’ view on the overall US market and some particular opportunities within that.
    • [18:21] - How are they adjusting Ocean Park portfolios given the current market environment?
    • [19:21] - What’s new at Ocean Park, particularly in terms of product development?
    • [22:08] - There has been an explosion in data availability in recent years. How has his firm’s quantitative process evolved accordingly?
    • [23:53] - Does James’ firm have any plans to incorporate AI into their research process?
    • [25:44] - What is James’ favorite investment idea for the rest of 2024?
    • [29:27] - Who are some of the colleagues and mentors that have helped James get to where he is today?

    Quotes

    [08:35] - “[Recently I’ve]...been comparing the economic data that we’re looking at to a Rorschach test. It certainly doesn’t necessarily tell you a clear picture of what’s happening, it’s a very poorly defined picture, and sometimes I think it tells more about the person that’s evaluating the data than the data itself. ” ~ James St. Aubin

    [13:07] - I think that those long and variable lags [may be a risk that’s often unaccounted for]...maybe we are underestimating how long and variable those are. Are we solving one problem, meaning inflation, to create a growth problem? That’s always a concern in these rate hiking cycles.” ~ James St. Aubin

    Links

    • James St. Aubin on LinkedIn
    • Ocean Park Asset Management
    • Sierra Investment Management
    • “Papa Was A Rollin’ Stone” by The Temptations

    Connect with Us

    • Meet Rusty Vanneman, Orion’s Chief Investment Officer
    • Check Out All of Orion’s Podcasts
    • Power Your Growth with Orion

    Disclosure(s) - Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor.

    Compliance Code: 620-OPS-6/27/2024
    Más Menos
    36 m
  • Tyson Walker of Orion OCIO - The Ins and Outs of Portfolio Audits

    Tyson Walker of Orion OCIO - The Ins and Outs of Portfolio Audits
    Jul 16 2024

    Today Rusty & Robyn are joined by Tyson Walker, Director of Portfolio Strategy at Orion OCIO, also known as Town Square Capital, in Salt Lake City. Tyson Walker serves as the Director of Portfolio Strategy at TownSquare Capital, where he leads a dedicated team of investment analysts. In this role, Tyson ensures that financial advisors receive expert guidance on investment models and asset allocation decisions, optimizing their clients’ financial outcomes. Tyson is a member of the TownSquare Investment Committee where he lends his expertise on equity markets and chairs the Equity Subcommittee. In addition to his Portfolio Strategy responsibilities, Tyson plays an integral role on the sales team, assisting to bridge the investment gap for new Registered Investment Advisors (RIAs) partnering with TownSquare Capital. Prior to working at TownSquare Capital Tyson worked for Fidelity Investment as a member of the International Trade team. There he traded equities and currencies in over 30 countries. He attended the University of Utah and earned a bachelor’s degree in economics.

    Key Takeaways

    • [03:05] - Learn more about Tyson’s career and what he is doing in his current position.
    • [06:10] - What is TownSquare’s investment philosophy and how does it stand out from its peers?
    • [09:45] - How has TownSquare been able to build such a loyal and excited following among advisors?
    • [11:53] - What are the main objectives of TownSquare’s portfolio audit and what insights are they hoping to find?
    • [15:40] - What are some of the common findings in portfolio audits? Also, how often do portfolio audits not turn up suggested portfolio changes?
    • [18:18] - How often does the audit impact the asset allocation of a particular household?
    • [22:56] - What is Tyson’s favorite investment idea for 2024?

    Quotes

    [16:30] - “Oftentimes [in our audits] we’re going to see portfolios that will own the same investment. They’ll own a Microsoft, or an Apple, or something 7 or 8 times within their portfolio. So, if we think of…an example of why that may be a problem… In any single day, that client [might have] two transactions happen on Apple, in their portfolio, but their exposure has stayed…the same. ” ~ Tyson Walker

    [20:17] - “Imagine you walk into your local grocery store [and] you go to the produce section, and you know, you can buy a watermelon for say 50 cents a pound, right? But you could also walk 10 additional steps to the refrigerated section, and you could buy a watermelon that’s been sliced up, and it’s got saran wrap over it, and it costs four times as much, right?...We tend to see that the same thing can happen within Wall Street, where…[people] will take the same stocks and bonds, take them to the back out of sight, cut them up, package them, price them at different numbers, you know, and then you end up paying a lot more.” ~ Tyson Walker

    Links

    • T.N.T. by AC/DC
    • Josh Flade on TWM
    • Kurt Brown on TWM

    Connect with Us

    • Meet Rusty Vanneman, Orion’s Chief Investment Officer
    • Check Out All of Orion’s Podcasts
    • Power Your Growth with Orion

    Disclosure(s) - Custom Indexing offered through Orion Portfolio Solutions, LLC a registered investment advisor.

    Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor. Wealth Management services are offered by Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments a registered investment advisor. Orion Portfolio Solutions, LLC is a wholly owned subsidiary of Orion Advisor Solutions, Inc. (“Orion”).

    OCIO services offered through TownSquare Capital, LLC, an Orion Company, a Registered Investment Advisor. TownSquare Capital, LLC, is an affiliated company of Orion Portfolio Solutions, LLC

    Compliance Code: 1516-OPS-6/17/2024
    Más Menos
    35 m
  • Kostya Etus of Dynamic Advisor Solutions - Investment Models and Why Advisors Should Use Them

    Kostya Etus of Dynamic Advisor Solutions - Investment Models and Why Advisors Should Use Them
    Jul 9 2024
    Today, Rusty and Robyn are joined by Kostya Etus, CIO of Dynamic Advisor Solutions. Konstantin “Kostya” Etus, CFA® is the Chief Investment Officer at Dynamic Advisor Solutions. He is responsible for leading Dynamic’s Investment Management team and overseeing all investment operations at Dynamic, including investment people, philosophy, process, portfolios and performance. He brings to Dynamic specialized experience in asset allocation and security selection of various ETF and mutual fund portfolios. His experience includes managing mutual funds, ETF strategies and 529 plans, as well as evaluating investment strategies, including SMAs, model portfolios and individual funds through a robust due diligence framework. Prior to his role as CIO, Etus served as Head of Strategy, Investment Management. Under his leadership, Dynamic strengthened its investment research, asset allocation and strategy development, including the development and launch of enhanced ETF strategies, alternative investments and custom high-net-worth (HNW) solutions. Prior to Dynamic, Etus served the Orion organization (CLS Investments and Orion Portfolio Solutions) for more than 10 years. There, he held various roles, including Trading Specialist, Research Analyst, Portfolio Manager and finally, Director of Investment Research. He graduated from the University of Nebraska at Omaha with a Bachelor of Science degree in Business Administration and obtained Master of Investment Management and Financial Analysis and Master of Business Administration degrees from Creighton University. He holds the FINRA Series 65 securities registration and the Chartered Financial Analyst (CFA) designation. A self-proclaimed movie buff, when Etus isn’t providing investing guidance to Dynamic’s advisor-clients, he can be found watching the latest blockbuster film or spending time with his family. Etus was born in Novosibirsk, Russia. He currently resides in Omaha, Neb., with his wife and daughters.Key Takeaways[03:24] - Learn about Kostya’s career, background and his role at Dynamic Advisor Solutions.[09:05] - Learn more about Dynamic Advisor Solutions and what sets them apart as a firm.[12:30] - What is new or innovative at Dynamic over the last year?[13:52] - What were some of Kostya’s key takeaways from Berkshire Hathaway’s shareholder meeting this year?[19:16] - What are some of the reasons advisors should be using investment models?[22:17] - What are some of the best building blocks for successful investment models?[25:53] - What can be done in high net worth situations to enhance the model experience?[28:40] - What is Kostya’s quick and dirty market outlook and what is his favorite investment idea for the remainder of 2024?[32:95] - What are some of the most exciting blockbusters slated for summer release?[51:52] - Tips for picking your Fantasy Football lineup for this year.Quotes[10:13] - “There are three things we say that advisors should be doing that they are best at. Number one is servicing their existing clients. Meeting with their clients, making sure that everything is going well. Number two, growing their business - helping new clients, you know, bringing new people in. Number three, nothing. Do something that you love, go golfing, sleep more, spend more time with your family. So those are the things that advisors should be focused on and everything else, the minutiae of day-to-day life…you can let Dynamic take care of that.” ~ Kostya Etus[21:02] - “That’s what models bring to the table. You can always talk about exactly how, as a whole, the strategies are positioned, how they are managed and it’s more consistent. Models tend to be more diversified, just in general by definition, models allocate to lots of different asset classes that may offset each other and improve diversification. They are often times cost effective, easier to manage, easier to implement. You get access to professional management…and last but not least…an advisor’s primary focus should be servicing clients, raising assets and spending time with their families. Go work four days a week! Outsourcing investment management can really save advisors a tremendous amount of time.” ~ Kostya EtusLinksKostya Etus on LinkedInDynamic Advisor Solutions“Why Can’t We Be Friends” by WARConnect with UsMeet Rusty Vanneman, Orion’s Chief Investment OfficerCheck Out All of Orion’s PodcastsPower Your Growth with OrionDisclosure(s) - Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor. The CFA® is a globally respected, graduate-level investment credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals. To learn more about the CFA charter, visit www.cfainstitute.org.Compliance Code: 1498-OPS-6/13/2024
    Más Menos
    1 h y 2 m
  • Kevin Carter of EMQQ Global - The Compelling Case for Emerging Markets

    Kevin Carter of EMQQ Global - The Compelling Case for Emerging Markets
    Jul 2 2024

    Today Rusty & Robyn are joined by Kevin Carter, Founder and Chief Investment Officer of EMQQ Global. Kevin T. Carter is the Founder & Chief Investment Officer of EMQQ Global, including EMQQ, FMQQ, and INQQ. While he considers himself an active “value” investor first and foremost, he has collaborated with Princeton economist and indexing legend, Dr. Burton Malkiel, for more than 20 years. Their work together began in 1999 with the development of eInvesting, a pioneer firm in fractional share brokerage that was acquired by ETRADE in 2000. In 2002 they founded Active Index Advisors, a pioneer in so-called “direct indexing” that was acquired by Natixis Asset Management in 2005. In 2006, their efforts turned to China and Emerging Markets with Dr. Malkiel’s publishing of “Investment Strategies to Exploit Economic Growth in China” and the subsequent book From Wall Street to the Great Wall. Working with Guggenheim Partners, they launched several China focused ETFs on the NYSE. Kevin launched EMQQ in 2014 after noticing how the smartphone was changing his personal consumption habits. He now lives in Lafayette, California with his wife and three children.

    Key Takeaways

    • [02:57] - Kevin’s professional background and how he came to specialize in Emerging Markets.
    • [06:30] - What is the EMQQ Global investment philosophy?
    • [10:35] - What are some of the biggest obstacles to EM investing and what might be some potential catalysts for EM to have sustained outperformance?
    • [12:52] - Many investors think that China is not investable, so they avoid EM altogether. What is Kevin’s take on China?
    • [16:55] - Why does Kevin think that “India is the perfect Emerging Market?”
    • [20:36] - What is the “India Stack” and why does Kevin describe it as a cheat code?
    • [32:02] - How does India’s government work and what about this makes it a compelling place to invest?
    • [35:37] - How should investors think about sizing a position in Emerging Markets?
    • [38:21] - What was it like working with Burton Malkiel?
    • [40:21] - What is Kevin’s favorite investment idea?
    • [42:52] - Who are some of the mentors and colleagues that Kevin is particularly grateful for?

    Quotes

    [10:35] - “I think the biggest problem [in EM investing]...is the index itself. I mean the MSCI Emerging Markets Index, which is the index that all these institutions use…[is fundamentally flawed because of]...the state owned enterprise. When I got involved with China, the China ETF was more than 80% in Chinese, Communist Party owned banks and oil companies and not only are these inefficient companies, they are not trying to grow their profits.” ~ Kevin Carter

    [13:32] - “There were two different strains of fear that people couldn’t get over, both of which were boogeymen, but they were so rampant in the headlines that it resulted in people saying ‘that China is uninvestable.’ Those two things were the so-called ‘delisting threat,’ where the Chinese companies trading in the US were going to be delisted and people thought that meant they were going to lose all their money…The other thing was the so-called ‘tech crackdown’…The problem is, China has such a bad reputational issue…that people think all of these things are true and they ran for the hills.” ~ Kevin Carter

    Links

    • Kevin Carter on LinkedIn
    • EMQQ Global
    • Morgan Stanley & Nandan Nilekani
    • “iPHONE” by DaBaby feat. Nicki Minaj (Explicit)

    Connect with Us

    • Meet Rusty Vanneman, Orion’s Chief Investment Officer
    • Check Out All of Orion’s Podcasts
    • Power Your Growth with Orion

    Disclosure(s) - Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor.

    Compliance Code: 1487-OPS-6/12/2024
    Más Menos
    50 m
  • Gerard O’Reilly of Dimensional Fund Advisors - What Happens When a Rocket Scientist Becomes an Investment Manager?

    Gerard O’Reilly of Dimensional Fund Advisors - What Happens When a Rocket Scientist Becomes an Investment Manager?
    Jun 25 2024
    Today Rusty & Robyn are joined by Gerard O’Reilly from Dimensional Fund Advisors. Gerard O’Reilly serves as Co-Chief Executive Officer and Co-Chief Investment Officer of Dimensional Fund Advisors LP and is a Dimensional Director. He was named Co-CEO in 2017 and has been with Dimensional since 2004. Along with Co-CEO Dave Butler, Gerard guides the firm’s vision and strategy through daily oversight of the company’s people and processes. As Co-CIO, he drives innovation across Dimensional’s investment offering with fellow Co-CIO Savina Rizova. Since joining the firm, Gerard has been instrumental in the evolution of Dimensional’s systematic approach to creating and implementing investment solutions. He was formerly Head of Research, managing the firm’s rigorous, scientific approach to interpreting, testing and applying research in portfolios. He is a member of the firm’s Investment Research Committee, which reviews potential investment strategy enhancements, and a member of the Investment Committee, which oversees portfolio and account management. He also serves on the Boards of Dimensional’s US mutual funds and exchange-traded funds. Prior to joining Dimensional, Gerard obtained his PhD in aeronautics from the California Institute of Technology. He holds a master of science degree in high performance computing from Trinity College Dublin in his native country of Ireland, where he also received a first class honors degree in theoretical physics and was a recipient of the Foundation Scholarship.Key Takeaways[03:17] - How and why did Gerard pivot from Theoretical Physics and Aeronautics Engineering to the Investment Industry?[04:23] - What is Dimensional’s origin story and how do they stand apart from their peers?[06:37] - How does Gerard’s data science background, as a rocket scientist, apply to his leadership at Dimensional?[08:57] - Why did Dimensional get such a late start to the ETF industry and how have they had such great success with ETFs so quickly?[16:01] - Dimensional incorporates some of the positives of Passively managed strategies. Why is their dynamic approach a potential improvement to Pure Indexing?[20:27] - Some might argue that Dimensional’s strategy is not active, given how many securities an investor might hold in a portfolio, how would Gerard rebut that comment?[23:06] - Monetary and fiscal policy is a lot different than it ever has been in the past. Does that impact some of these premiums?[26:40] - How does Dimensional incorporate factors like momentum, quality, volatility and others into their investment process?[29:17] - What is Dimensional’s approach to asset allocation and building model portfolios?[32:10] - How is Gerard currently thinking about innovation in the industry and what role does he see AI, in particular, playing going forward?[37:32] - What is currently Gerard’s favorite investment idea?Quotes[07:45] - “When it comes to investing, investing is about making decisions and some decisions are going to be more important than others. But, what’s the skill set that says: ‘okay these are the key ones that you need to get right, that have to be the foundation of your investment approach?’ So, I think that type of training, learning how to do the analysis and what tools to use and how to do these massive computations…[You have] to make decisions and trade offs and [focus] on the key things to get right. I think that combination has helped me, at least, in my time either working on investment strategies or management issues here at the firm. ” ~ Gerard O’Reilly[10:17] - “The person who [uses Google Maps to navigate more efficiently]...is a natural candidate for investing in market portfolios. The person who takes the same route, every single time they go from one point to another point is an Index Portfolio investor. ” ~ Gerard O’ReillyLinksGerard O’ReillyTune Out The Noise Documentary (Access code: MARKETSWORK)Dimensional Fund AdvisorsDimensional on LinkedIn“The Rocky Road to Dublin” by The DublinersConnect with UsMeet Rusty Vanneman, Orion’s Chief Investment OfficerCheck Out All of Orion’s PodcastsPower Your Growth with OrionDisclosure(s) - Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor.Compliance Code: 1484-OPS-6/12/2024
    Más Menos
    49 m
  • Bill Wostoupal of Orion - Custom Indexing and the Future of Wealth Management

    Bill Wostoupal of Orion - Custom Indexing and the Future of Wealth Management
    Jun 18 2024

    This week, Rusty and Robyn are joined by Bill Wostoupal, EVP of OCIO at Orion. Bill is the EVP, of Orion OCIO. He is responsible for the coordination and execution of Orion's vision to offer custom indexing, and other outsourced services, to our prospective and existing investment advisory customer base.

    Key Takeaways

    • [04:26] - Bill has been in the Northstar family of companies since 1994. Learn more about how his career has evolved and why he has wanted to stick with this company for 30 years?
    • [06:43] - What does Bill’s title mean exactly, and what does his position look like on a day-to-day basis?
    • [08:17] - Orion is such a multifaceted company, but how might Bill try to describe what we do in a nutshell?
    • [10:15] - How does Custom Indexing work for those who aren’t familiar?
    • [12:21] - What are some of the most popular use cases for Custom Indexing that Bill is seeing right now?
    • [14:06] - How does Orion set itself apart from their competition in this space?
    • [16:20] - What are some of the big trends that Bill has noticed internally, here at Orion?
    • [17:57] - Given all its changes in recent years, what currently excites Bill the most about the future of Orion?
    • [19:40] - What does Bill think is in store for the future of Wealth Management?
    • [22:12] - Outside of work, Bill is affiliated with a mentoring organization called “TeamMates.” Learn more about the good work that is taking place there.
    • [25:26] - What is currently Bill’s favorite investment idea?

    Quotes

    [07:03] - “My team engages with those existing clients on a regular basis, so we do a couple different things. One is making sure that the clients that we have are assembling and putting…our different technology stacks and services...together [properly]. The second one is spending time discussing Custom Indexing and how we can help them transition their books of business [and]...their client market share, and the last part is more OCIO [focused]. So, I put those all underneath that umbrella of Outsourced Chief Investment Officer, but I think it’s more than that. ” ~ Bill Wostoupal

    [11:18] - “Custom indexing [is] a lot different than Direct Indexing, where it’s usually a set of indexes and you’re tax transitioning. When you think of Orion’s Custom Indexing, think of technology inside the user experience. So our RIAs, who use our services on the Fintech side, have this component within their regular ecosystem…Then on top of it, we do the daily tax loss harvest review, the reallocation etc. And then one last point I’d probably make there…[is] that it’s custom. So, a lot of our advisors, a lot of our RIAs have their own models. ” ~ Bill Wostoupal

    Links

    • “Troublemaker Doppelgange” by Lucy Dacus
    • “That’s Entertainment” by The Jam
    • “Rock & Roll” by The Velvet Underground
    • “Tom Sawyer” by Rush
    • “Intergalatic” by Beastie Boys
    • TeamMates Mentoring
    • Orion’s Custom Indexing

    Connect with Us

    • Meet Rusty Vanneman, Orion’s Chief Investment Officer
    • Check Out All of Orion’s Podcasts
    • Power Your Growth with Orion

    Disclosure(s) - Custom Indexing offered through Orion Portfolio Solutions, LLC a registered investment advisor.

    Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor. Wealth Management services are offered by Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments a registered investment advisor. Orion Portfolio Solutions, LLC is a wholly owned subsidiary of Orion Advisor Solutions, Inc. (“Orion”)

    Compliance Code: 1450-OPS-6/10/2024
    Más Menos
    34 m
  • Jessica Golson of Carson Wealth Management - The Future of the Wealth Management Industry and How to Encourage More Women to Join It

    Jessica Golson of Carson Wealth Management - The Future of the Wealth Management Industry and How to Encourage More Women to Join It
    Jun 11 2024

    Today Rusty & Robyn are joined by Jessica Golson, Senior Vice President of Investments and Trading at Carson Wealth Management. Jessica received a Bachelor of Science in Business Administration from the University of Nebraska Omaha, where she majored in Finance, Banking and Investment Science, and minored in Management. In 2012, she received a Masters of Investment Management and Financial Analysis from Creighton University. She currently holds FINRA Series 7 and 66 security licenses. She brings over 10 years of industry experience striving to help advisors succeed. Since starting in the industry as an advisor, she has since held influential roles in Trading, Performance and Management. In her previous positions, she sought out opportunities for operational efficiencies and acted as a catalyst of change; improving many of the processes and procedures. Outside of work, Jessica soaks up every second she can with her husband Terrance and their three amazing children, Wyatt, Jacob and Adalynn.

    Key Takeaways

    • [02:50] - Jessica’s professional background and more on her career in investing.
    • [04:25] - Carson has a business partnership platform called “Run, Grow, Love Your Business.” Learn more about this and the work that Jessica is doing at Carson.
    • [07:19] - What are some of the things that Jessica is most excited about at Carson right now?
    • [09:50] - What are Jessica’s thoughts on the future of the Wealth Management Industry, as a whole, and how does she think that AI and technology will impact our industry going forward?
    • [12:12] - How might clients’ expectations of their advisors change in light of recent technological advancements? Also, what can advisors do to better prepare for this shift?
    • [13:16] - How can we recruit more women into the Wealth Management profession, especially considering that they are going to control the majority of the investible assets in the future?
    • [16:45] - What qualities does Jessica look for when her team is hiring new talent?
    • [18:50] - Advice or words of wisdom for those who want to enter the Wealth Management profession?
    • [19:46] - What is Jessica’s favorite investment idea at the moment?
    • [20:28] - How does Jessica maintain her energy, both physical and mental, to perform at a high level in such a demanding industry?
    • [21:56] - Who are some of the mentors and colleagues that Jessica is particularly thankful for?

    Quotes

    [05:16] - “When we talk about ‘Run, Grow, Love Your Business…’ the pillars to get there [is really about] focusing on the fundamentals…but also make sure [you] are evolving, that gets stagnant really quick…Another piece is accelerating [your] growth and…we like to think Carson is synonymous with growth…and I think we tie that all together…with that third leg of the stool, which is just [fostering] a culture of excellence.” ~ Jessica Golson

    [08:18] - “When it comes from an investment standpoint in our team…[we like to ask ourselves] ‘how do we focus some of our skills and knowledge towards investment strategies that align with the Carson values?’ And so, we’ve recently launched two SMA strategies: one is focused on women CEOs and the other is focused on AI.” ~ Jessica Golson

    Links

    • Jessica Golson on LinkedIn
    • Carson Wealth Management
    • “Run the World (Girls)” by Beyonce
    • "Glamorous" by Fergie
    • Carson Investment Research on X (Twitter)

    Connect with Us

    • Meet Rusty Vanneman, Orion’s Chief Investment Officer
    • Check Out All of Orion’s Podcasts
    • Power Your Growth with Orion

    Disclosure(s) - Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor.

    Compliance Code: 1374-OPS-5/30/2024
    Más Menos
    29 m
  • Greg Wilensky and Jeremiah Buckley of JanusHenderson - Fixed Income and Building Balanced Portfolios

    Greg Wilensky and Jeremiah Buckley of JanusHenderson - Fixed Income and Building Balanced Portfolios
    Jun 4 2024
    Today Rusty & Robyn are joined by Greg Wilensky and Jeremiah Buckley, head of US Fixed Income and Portfolio Manager at JanusHenderson respectively. Greg Wilensky is Head of US Fixed Income and a portfolio manager at Janus Henderson Investors, a position he has held since 2020. Prior to joining the firm, Greg served as senior vice president, director of the US multi-sector fixed income team and held several director and portfolio manager positions that spanned short duration, inflation-protected fixed income, securitised assets, and multi-asset strategies at AllianceBernstein from 1996 to 2019. Prior to that, he was a treasury manager – corporate finance at AT&T Corp. from 1993 to 1996. Greg received his bachelor of science degree in business administration from Washington University, graduating magna cum laude. He also earned an MBA with high honours from the University of Chicago. Greg holds the Chartered Financial Analyst designation and has 31 years of financial industry experience.Jeremiah Buckley is a Portfolio Manager at Janus Henderson Investors. Jeremiah joined Janus in 1998 as a research analyst covering the consumer, industrials, financials, media, software, and telecommunications sectors. He was Janus’ consumer sector lead for 10 years before transitioning to full-time portfolio management. Jeremiah earned his bachelor of arts degree in economics from Dartmouth College, graduating Phi Beta Kappa. While there, he received the Class of ’39 scholarship for academic and athletic achievement and the Class of ’48 male scholar-athlete of the year award. He was also selected for the 1998 Academic All-Ivy Hockey Team and served as the men’s hockey captain from 1997 to 1998. Jeremiah holds the Chartered Financial Analyst designation and has 26 years of financial industry experience.Key Takeaways[03:37] - Greg’s professional background and what has been interesting to him about the Fixed Income space in particular?[06:34] - Jeremiah’s professional background and more on his time at JanusHenderson.[08:09] - Are 60/40 portfolios still relevant and why might a balanced strategy be a great way to re-enter the market for those who went to cash in 2023?[12:01] - What distinguishes JanusHenderson’s balanced strategy from their peers?[16:38] - What is the argument for growth stocks at the current moment?[19:31] - Are there certain growth-oriented sectors or industries that they expect to do particularly well going forward?[21:24] - Is there a good argument for investing in Fixed Income right now?[22:44] - Are there currently certain Fixed Income sectors that are particularly attractive to the JanusHenderson team?[24:43] - Does Jeremiah think that interest rates are going to continue to go up?[26:09] - Does a Fed outlook even affect the way that they manage portfolios? Also, do they have a view on when the Fed might move into an easing cycle?[28:33] - What is currently their favorite investment idea?Quotes[08:09] - “I still think 60/40 portfolios are very relevant, especially when you consider the alternatives of trying to swing back and forth between high risk assets, let’s say an all stock portfolio, and a money market fund. You know, there’s always going to be a reason to be concerned about the outlook for the global economy, and what this may mean for markets, but swinging for the fences by massively deviating away from an appropriate, strategic asset allocation plan is unlikely to be a winning strategy.” ~ Greg Wilensky[12:01] - “For [JanusHenderson], in simple terms, is to participate and protect. We want to participate in most of the upside of the equity market, but also protect from a good portion of the downside when risk assets are negative. I would note that in most time periods…most years, you know, risk assets are positive, so the focus should be on participating in that upside.” ~ Jeremiah BuckleyLinksJeremiah BuckleyGreg Wilensky on LinkedInJanusHenderson Investors“Shout” by Otis Day & The Knights“Enter Sandman” by MetallicaConnect with UsMeet Rusty Vanneman, Orion’s Chief Investment OfficerCheck Out All of Orion’s PodcastsPower Your Growth with OrionDisclosure(s) - Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor.Compliance Code: 1236-OPS-5/17/2024
    Más Menos
    46 m