AllianceBernstein’s Post

Colin has already made a big contribution in working to redesign the webpage! Also, if you want to learn more about The Six Types of Working Genius by Patrick Lencioni, and how it can improve productivity and reduce burnout, let me know. I'd be happy to work with individuals or teams. #workinggenius

The Young Investors Society Global Youth Investment Summit winners from our Global Stock Pitch and Case Study Competition each won a Summer internship at an investment firm. Below you can read Carl Lu's experience at Evolution Global Advisors. "From seeing how an investment fund is operated first-hand, to forming stock pitches under the guidance of professionals, interning at Evolution Global Advisors exposed me to a spectrum of investing lessons that I’m excited to take with me wherever I go. As a fund that specializes in international small-cap value investing, EGA broadened my lens to the thousands of opportunities that exist outside the US. By learning to navigate the differences in business practices, financial reporting, and economic environments across countries, I was ultimately given the tools and courage to look outside the investing world I was comfortable in. Additionally, the internship also gave me the opportunity to connect with industry professionals and like-minded college students. They didn’t just help me hone my presentation and financial analysis skills, but they also gave me valuable college advice, something especially helpful as an incoming freshman. I know that simply having a circle of people to bounce ideas off of will be a vital tool I can leverage post-internship." ~Carl L, New York

The Young Investors Society Global Youth Investment Summit winners from our Global Stock Pitch and Case Study Competition each won a Summer internship at an investment firm. Below you can read Carl Lu's experience at Evolution Global Advisors. "From seeing how an investment fund is operated first-hand, to forming stock pitches under the guidance of professionals, interning at Evolution Global Advisors exposed me to a spectrum of investing lessons that I’m excited to take with me wherever I go. As a fund that specializes in international small-cap value investing, EGA broadened my lens to the thousands of opportunities that exist outside the US. By learning to navigate the differences in business practices, financial reporting, and economic environments across countries, I was ultimately given the tools and courage to look outside the investing world I was comfortable in. Additionally, the internship also gave me the opportunity to connect with industry professionals and like-minded college students. They didn’t just help me hone my presentation and financial analysis skills, but they also gave me valuable college advice, something especially helpful as an incoming freshman. I know that simply having a circle of people to bounce ideas off of will be a vital tool I can leverage post-internship." ~Carl L, New York

Family Office next generation engagement. Often the barrier to engagement with the family office investments is the inherent challenge of making it interesting. Practically, it's also important to understand the roles of both the family office executives and the senior family members. The latest quarterly update from UBS provides (page 23) some specifics on who should be doing what: FO: create the conditions Senior Members: active participation & endorsement. Mark Tepsich also provides some examples of engagement tools: * Learning to manage a portfolio * Understanding the Investment Policy Statement (my favourite, and why the IPS should be an engaging document). * Starting a FO investment club * Creating a junior investment committee * Engage third party advisers * Building personal budget and forecasting * Leveraging university sponsored programs * Creating mentorships * Developing internships * Identifying 3rd party board memberships. * Becoming a board observer * Managing philanthropic decisions * Planning family retreats All good ideas, but need internal advocacy. For more insights, subscribe to the Family Office Sherpa: https://lnkd.in/gvBHfud5 Download the UBS report here: https://lnkd.in/gVVbfGCw #familyoffices #nextgen #wealthmanagement #assetmanagement

What happens when your firm gets a new prospect or lead? If the first step and all the following steps aren’t clearly articulated, your team may be leaving business opportunities on the table. Over the last eight years, every high-performing RIA that we’ve worked with has a written sales process that is understood but everyone at the firm — from the leadership team to summer interns. In a recent article, we shared the other 9 “best practices” that separate high-performing teams from everyone else. https://bit.ly/3QweiZo

The valuable insights from Pradeep Yadav sir about the qualities which are to be necessary into a good leader

Over this spring term, I completed an internship with Pinnacle Associates where I learned some of the techniques for determining asset allocation. Whereby, it is important to ask the client questions regarding their time horizon, upcoming expenditures, and risk tolerance. Based on their answer we can decide how to better allocate the assets and when we pick equities, we model them after the 11 sectors of the S and P 500. When selecting stocks we utilized two strategies: active management and passive indexing. With active management we have to make an effort to avoid idiosyncratic risk.    In addition to using passive indexing and asset management, we look to further diversify our stock portfolio by examining large cap stocks representing companies with a market capitalization more than $10  billion. Another way to diversify a portfolio, is by looking at value and growth styles of investing. We can also diversity in the holdings we have within the US and outside the US.   The third technique I learned to diversify a portfolio is by buying bonds and there are two risks that come with them. The first is credit risk  and to avoid this try to pick bonds with a BBB (investment grade) rating or higher. The second risk is interest rate risk which means since bonds trade like stocks every day, they are susceptible to interest rate fluctuation. To avoid interest rate risk, simply hold the bond to maturity. When selecting bonds it is important to look at its coupon or interest rate. The relationship between interest rate and bond pricing is inverse.  Within bonds there are three types; corporate, government, and municipal. The way we diversify bonds is by the ladder amount, meaning bonds have different maturity dates.   Lastly, I learned a general overview on how to pick stocks. Using indicators such as price to earnings, credit rating, net leverage, dividends, shareholder yield, free cash field, and revenue. I would like to thank Pinnacle Associates, Ltd. Associates and Timothy Piacentini, CFA for all of their help and guidance over these past several weeks. This experience helped to expand my knowledge of finance and the asset allocation of portfolios and I look forward to taking this knowledge to my summer internship at Ridgetop Research in NYC. 

What’s better than a virtual coffee chat? A real coffee chat of course! It was great to get together with the Ivey Business School at Western University Ivey Women in Asset Management 2023 cohort for a catch-up in Toronto. The group is thriving in asset management and finance internships that they secured on their own, in a large part through networking opportunities that we emphasized in the WAM program—networking like through this live coffee chat. We can’t wait to track their future participation in asset management as they hit the full-time employment market next. Note to future employers: if you see “Women in Asset Management” on the resumes of our growing alumnae group, you know you have well-trained, motivated, and talent women keen to join the industry. #womeninassetmanagement

Critical to have the one on one partner mentor and associate liason. A firm with a real interest in the summer student will have 20 minutes with the partner every day and at least a one hour session every week. Every summer student interested in business law should be on two deal teams at all times. Show you care.

“Keep your compass focused on where you're going. Think about what the long-term strategic goals are. Try to drown out the noise and take a long-term view with everything that you do.” – David Solomon, Chairman and CEO of Goldman Sachs #students #internships #career #mentoring #coaching #success #work