Transamerica Financial Advisors, Inc.

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Planning Is Critical to Retirement Success

Jason Anderson
Transamerica Financial Advisors, Inc.

 

It’s been said that failing to plan is planning to fail. Jason Anderson couldn’t agree more. Indeed, planning is the cornerstone of his Pasadena-based financial practice and a key reason he has been able to help his diverse clientele meet their financial goals in all types of market conditions.

In Anderson’s experience, having a solid financial plan that addresses both wealth accumulation and distribution is critical to retirement success. Yet, he says, most advisors and their clients focus largely on the accumulation phase while paying little attention to the distribution phase. …Read More

Managed Asset Companies

Auburn081814FBSO_AUBURSS00001 New Strategies Provide Financial Peace of Mind for Retirement

Since the start of the prolonged economic downturn that began in 2007-08, savvy investors, especially retirees and those nearing retirement, have been abandoning the traditional “buy and hold” philosophy. Instead, they and other conservative investors are looking for strategies that focus on wealth preservation.

“While the last recession was historic in its duration, they have always been a part of the business cycle. We’ve had 22 recessions since 1900. On average, that’s one every 5 years,” …Read More

Harbor Island Group at Morgan Stanley

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Forward-Looking Process to Help Achieve Above-Average Growth

 

You have been warned: Past performance does not guarantee future results.

That’s not a problem, says Rafael de Vengoechea, Senior Vice President and Senior Portfolio Management Director for Harbor Island Group of Morgan Stanley. “We’re not looking backwards. We’re focused on the financial opportunities of the future.”

His practice helps clients invest for retirement by building their portfolios with stocks whose outlook going forward is promising and whose history is . . . well, history. “We manage multiple portfolios with the same idea in mind – that all stocks have everything to do with the future and nothing to do with the past,” de Vengoechea says.

Data-Driven Stock Selection
Harbor Island Group applies an “earnings revision strategy,” ranking analysts on the accuracy of their forward-looking data and using their evaluations in building and managing clients’ portfolios. The goal is to help clients become long-term investors with a “sell discipline.”

But what is a “sell discipline”? People often focus on the “buy” side of the investment and worry about market drops, notes de Vengoechea. “However, knowing when to sell can represent about 95 percent of your success.  By telling clients it’s not time to sell, we help drive long-term performance. We don’t focus on the price of the stock but rather the analysts’ revision data.”

Reducing Risk, Keeping Performers
Harbor Island Group tries to reduce risk by holding about 20-30 positions in a portfolio and equally weighing each position. The group monitors the revision data on the positions to find potential performers with above-average growth. “When a performer is found, people ask  us how we were able to identify it,” de Vengoechea says. “Again, it’s not the price, it’s what changes the price over the long run – the forward-looking earnings changes. As long as the stock has upward earnings revisions and upward earnings, we continue to hold that position.”

Portfolios go through a maturity process, he says, and end up having stocks in certain accounts for a long time.

Analysts follow major sectors – de Vengoechea identifies consumer discretion, energy, health care, industrials, technology and a handful of others.

“If you have a 20-stock portfolio, there are going to be three or four
positions in that portfolio that really drive the performance over time,”
says de Vengoechea. “And our process is finding those performers and not
selling them too soon.  By doing that, we seek to reduce risk and we let our potential performers run for the future.”

 

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800 Newport Center Drive, Suite 500 | Newport Beach, CA 92660
949-717-5461 | morganstanleyfa.com/harborislandgroup

 

Rafael de Vengoechea is a Financial Advisor with the Wealth Management division of Morgan Stanley in Newport Beach, Calif. The views expressed herein are those of the author and may not necessarily reflect the view of Morgan Stanley Smith Barney LLC, Member SIPC (www.sipc.org). This material contains forward-looking statements and there can be no guarantees they will come to pass. Morgan Stanley Financial Advisor has engaged EMI Network to feature this promotion in Forbes magazine. Rafael may only transact business in states where he is registered or excluded or exempted from registration (www.morganstanleyfa.com/harborislandgroup). Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Rafael is not registered or excluded or exempt from registration. The strategies and/or investments referenced may not be suitable for all investors. CRC1019970 09/14

 

Global Wealth Solutions Group of Raymond James

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Retirement, Legacy and
Estate Planning Strategies

 

When a certain client was going through a divorce, her investments, properties and related tax issues posed complex challenges. Concerned that the wrong move could have costly consequences, she turned to Global Wealth Solutions Group of Raymond James to ensure that her financial interests and those of her children would be adequately protected.

“With the help of her lawyer and accountant, we created an efficient gifting strategy allowing her to gift several homes to her children, as well as help pay for her grandchildren’s education,” says Managing Director Lisa Detanna, MBA/WMS®. “We also used her investment assets as collateral to enable her to purchase and rebuild a major historic property in another country.” …Read More

Thomas Patrick Insurance

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Boxer-Turned-Broker
Guides Clients
to Better-
Funded Retirements

 

Thomas Patrick is a fighter. Through knowledge and perseverance, he has built an insurance agency that can help people financially in retirement.

His agency, Thomas Patrick Insurance, concentrates on 401(k), 403(b) and TSP rollovers into tax-favored vehicles that he says are truly best for the client. A past focus was selling retirement supplements to Federal employees, including those at Veterans Hospitals, the U.S. Postal Service and on Military Bases, to provide them a monthly income stream once …Read More

Law Offices of Stuart D. Zimring

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Elder Law Attorneys Allow Families
to Focus on Important Issues of Life

Law Offices of Stuart D. Zimring

 

“I haven’t slept in the three days since my husband’s stroke. Thinking about the future without him terrifies me. But I’m going to sleep tonight. Thank you,” confided the woman after she met the elder law attorneys of the Law Offices of Stuart D. Zimring. …Read More

Pettit Kohn Ingrassia & Lutz

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Preparation, Commitment,
Business Litigation Excellence

Pettit Kohn Ingrassia & Lutz

 

In 2006, a group of lawyers decided to open a business litigation firm where commitment – to clients and each other – was the glue and great work was the rule.

From vision to reality: Pettit Kohn Ingrassia & Lutz, nine attorneys in the early days and 35 now, works to resolve disputes for individuals, the smallest of small businesses and the largest of major corporations. This is a firm prepared to fight and ready to go to trial for its clients. …Read More

Donahue & Horrow, LLP

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Attorneys Challenge Insurance Companies
in Own-Occupation Disability Insurance Cases

Donahue & Horrow, LLP

 

After an injury left a California periodontal surgeon unable to use his dominant hand, he was shocked when his insurance company denied his disability insurance claim. …Read More

The Naumann Law Firm, PC

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Team Approach to Construction Defect Cases

The Naumann Law Firm, PC

 

One of Bill Naumann’s first jobs out of law school was to draft coverage opinions analyzing the wording of insurance policies—what companies would cover or when an insurance company would defend an insured in a construction defect case.

That experience would define his career. After all, as Naumann puts it, “Understanding insurance coverage is critical in construction defect cases.” …Read More

Weinstock Manion

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Expert Solutions to Complex Estate Planning Challenges

Weinstock Manion

 

The attorneys of the Los Angeles law firm Weinstock Manion have been leading authorities in the estate planning field for more than 55 years, devoting themselves to the complex task of ensuring that each plan reflects the client’s unique concerns, goals and values. The firm is …Read More