In this episode, Wes Crill, Head of Investment Strategists at Dimensional Funds, joins us to discuss the latest issues surrounding value investing.  Stocks trading at low price/book valuations have historically outperformed the broader market due to their inherent riskiness, whether due to the cyclical nature of their businesses, capital intensity, or higher financial leverage.  However, an increasing number of academics and investors are questioning the relevance of book value (assets less liabilities) as the basis for measuring company valuation as opposed to earnings, cash flow, sales, etc.  As global economies transition to the digital age with capital investments increasingly focused on research and development and software licenses, is book value still relevant as a valuation metric for today’s investors?

Advisor Success Series

Do We Need to Revisit the Value Premium? A Conversation with Dimensional Fund Advisors

In this episode, we are joined by Ross Marino. Ross is the founder of Transitus Wealth Partners and has been working as an advisor for over 30 years. We discuss Ross' philosophy around decision making, how to prioritize, and how he works with clients in the moments that come up unexpectedly. He is also the founder of Advisor 2x, a company that has hosted over 1000 events and conferences for financial advisors. His new book: Shaping Change: How to Respond When Life Disrupts your Retirement Plan, which he co-wrote with Susan Bradley, is available now. 

Retirement Planning, Decision Making, and Dealing with the Unexpected

In this episode, Matt Shute is joined by Korrine Kohm of Compliance Solution Strategies. They discuss the regulatory climate, new updates, marketing, and what is in store for advisors and advisory practices going forward. Korrine currently holds the position of Director of Retail Wealth Manager Services for Compliance Solutions Strategies (CSS). 

A Look at the Regulatory Landscape with Korrine Kohm

In this episode, we have the pleasure of catching up with David Braun, Senior Portfolio Manager at Pacific Investment Management Company (PIMCO).  Inflation has emerged as one of the key risks to the market narrative as it remains top of mind by many Americans as expressed in recent polling.  We discuss PIMCO’s outlook on inflation and why current elevated readings will likely prove to be ‘transitory’ rather than permanent and also discuss the firm’s views on interest rates and fixed income spread sectors such as corporate and mortgage-backed bonds.

Inflation: How I Stopped Worrying and View It as Transitory

In this episode, we are pleased to be joined by Andrew Little, research analyst at Global X, to discuss investment opportunities around water technology such as sourcing, distributing, and increasing productivity of usage. The ESG movement has led to plenty of investor capital funneled into ‘green’ technologies focused on sustaining our living standards (e.g. energy and transportation) rather than sustaining basic living itself such as providing living needs around food, water, and affordable housing.  This episode covers the broader landscape for how investors should think about investing in water-based technologies as well as some of the exciting innovations taking place.

Sustained Investing: A Conversation About Water Technology with Global X

Are dividends still relevant in today’s market environment more fixated on ‘splashier’ investment themes, whether SPACs, cryptocurrencies, or the next dominant technology play? We have the pleasure of hosting Nathan Eigerman who recently published a white paper on the importance of dividend investing, even in today’s market environment where dividend payouts seem like an afterthought for realizing total returns in the equity markets.  You may be surprised that dividend investing has generally been a winning strategy over the last two decades, how dividends reflect positive signals on the part of company management, and how dividends can be systematically incorporated into an index designed to provide a higher yielding portfolio with comparable market risk.  Disclosure

Yes, Dividends Still Matter – A Conversation with 3D/L Capital Management Co-CIO Nathan Eigerman

In this episode, we catch up with Dimensional Funds on Sustainability Investing, following up on our December 2019 podcast.  We discuss the landscape of ESG investing and the current challenges facing investors given the increased popularity.  We discuss the tradeoffs to ESG investing and what investors are potentially giving up.  In particular, we focus on how investors can invest for sustainability while maintaining exposures to dimensions of higher expected returns (i.e. Fama/French risk factors). 

Discussing Trade-Offs in Sustainability Investing – A Conversation with Will Collins-Dean, Senior Portfolio Manager at Dimensional Funds

It’s been just over a year when we last spoke with Jason Bloom at Inside ETF right before the pandemic shutdown.  Part retrospective, part forward-looking, we discuss the market environment from what we saw a year ago versus what we’re seeing today.  Listen to Jason’s thoughts on the reflation trade that has propelled commodity prices from their pandemic lows while also driving up interest rates. 

Catching Up with Jason Bloom, Head of Fixed Income and Alternatives ETF Product Strategy at Invesco

In this episode, we catch up with David Nadig, Chief Investment Officer and Director of Research at ETF Trends and ETF Database (owned by ETF Flows, LLC).  We discuss how exchange-traded funds (“ETFs”) fared during the March 2020 market meltdown, Dave’s outlook for the fund industry looking ahead, how we might see renewed interest in traditional active management, and the fund disintermediation threats posed by up-and-coming financial technologies such as direct indexing and digital assets. 

A Conversation with Dave Nadig of ETF Flows

In this episode, we are pleased to be joined by Ric Edelman, Founder of Edelman Financial Engines and, more recently, Founder of RIA Digital Assets Council (RIADAC).  We dive into the recent surge in investor appetite for digital assets, such as cryptocurrencies embodied by Bitcoin and Etherium, discuss the differences between digital assets and stable coins, and hear about Ric’s goal of providing digital asset education to the financial advisor community.

“The Digital Asset Revolution” – A Conversation with Ric Edelman, RIA Digital Assets Council

In this episode, Matt Shute is joined by his colleague Ed Schweitzer to discuss the behavioral "coach" role that financial advisors take on when working with clients. Ed recently joined the firm and brings a great deal of insight into how successful advisors work with clients to ensure they reach their financial goals. 

Perspectives on Behavioral Investment Counseling

In this episode, we catch up with Larry McDonald, former Lehman Brothers bond trader and current proprietor of the Bear Traps Report.  We discuss the shifting market landscape that could see a handoff from the government to the private sector as the world recovers from the coronavirus epidemic.  A bigger debate concerns whether the world’s infrastructure has the capacity to accommodate a post-COVID recovery, especially meeting near-term energy demands in the face of declining output.  And as payment moratoriums roll-off by year-end, will financial pressures across commercial real estate weigh down the broader credit markets?

A Return to Economic Normalcy? Catching Up with Larry McDonald from the Bear Traps Report

In this episode, we dive into PIMCO’s newly released Secular Outlook and why we should expect a lower for longer scenario as the world tries to move past the COVID-19 pandemic.  We discuss implications around 1) China’s continuing emergence as a global economic growth driver, 2) continued electoral pressures stemming from populism, 3) rising climate-related risks with respect to corporate governance and capital raising, and 4) technological disruptions.  We also discuss opportunities and challenges for investing in today’s fixed income environment and why the pressures faced by the commercial real estate sector do not present the same systemic risks to the financial system versus what happened with subprime mortgages during the 2008 financial crisis.

PIMCO Secular Outlook 2020 – Lower for Longer, A Conversation with David Braun, PIMCO Fixed Income

Since the mid-March/April coronavirus pandemic market meltdown, broad basket commodities (precious and industrial metals, energy, agriculture) have enjoyed a strong recovery alongside other reflationary asset beneficiaries like equities.  Robert (Bob) Minter, Head of Investment Strategy at Aberdeen Standard Investments, shares his outlook on how the second act for commodities plays as we face some near-term headwinds such as U.S. government impasse over further pandemic spending and a renewed upswing of COVID-19 positive cases.   

After the COVID-19 Recovery, What’s Next for Commodities? A Conversation with Robert Minter, Aberdeen Standard Investments

In this episode, 3D discusses late-stage venture financing opportunities with Christian Munafo, CIO of SP Investments Management, the asset management arm of SharesPost.  In this episode, we discuss why retail investors should consider late-stage venture financing as part of an overall equity growth strategy, how they can access private companies through retail investment vehicles like interval funds and SPACs, and the investment opportunities presented in SP’s current portfolio of companies focused on innovation and disruption across large addressable markets.  Disclaimer:  Some of the names discussed are not held by the Fund, please consult the Fund's web page for a complete list of current Fund holdings. https://sharespost.com/marketplace/individual-investors/buying-private-assets/sharespost-100-fund/

Late-Stage Private Capital Investment Opportunities – A Conversation with Christian Munafo, CIO of SP Investment Management

Hosted by 3D Asset Management,  we bring you innovative ideas from investment experts and practice and business management leaders.  Check back often to hear from fellow financial advisors talk about what is working for them; service providers describing best of breed technology, product and practice solutions; as well as, economists, portfolio managers, analysts and investment product specialists from all ends of the industry spectrum, from mega global managers to small but innovative boutique firms.

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Advisor Success Series

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