The Top Strategic Investment News Story For Financial Professionals In 2019

Fritz Meyer is calling for a crucial shift in long-term strategic investing. He's breaking with conventional wisdom and explains why in this 15-minute video for advisors. 

 

To be clear, according to Fritz, financial planning software projections relied upon by professionals, as well as consumers, are seriously mistaken! Fritz's common sense approach to investing is on display. He makes a fact-filled and convincing case for replacing two of the seven asset classes of a classic broadly diversified portfolio: foreign equities and commodities.  A five-asset portfolio will be more efficient in the future, says Fritz, an independent economist whose CE classes for CFP®, CIMA® and CPA professionals are educating advisors on economic fundamentals driving financial markets. Fritz has received an average rating of 4.9 stars (out of five stars) over the past 12 months.   

 

The asset allocation problem has its roots in the 1980s, Fritz says, when the Japanese economic miracle that followed World War II came to a financial climax.  As a ¥1 yen investment in Japanese stocks grew nearly 40,000 times in value, the accepted wisdom understandably became that foreign stocks must be in a diversified portfolio. That's wrong, says Fritz! And he argues that it has led to a widespread misapplication of Modern Portfolio Theory.

 

Astronomical returns on the Nikkei stock index made for a compelling story. Foreign stocks, by the late 1980s, were accepted by the world's largest institutional investors as a logical addition to a prudent portfolio. However, foreign equities have not worked well for long-term investors for the last 25 years, and that's a very long time.  Nor have commodities, which were catapulted into orbit by their own unique fundamentals, and have fallen off the efficient frontier over 25 years, which is certainly a long enough time to rethink conventional wisdom. 

 

A simple solution is replacing commodities and foreign with U.S. large- and small-caps. Along with real estate, large-cap and small-cap stocks are the main risk asset in a typical U.S. investor's portfolio. Making that shift would have boosted a diversified portfolio by 40%, according to Fritz.  

 

Abandoning conventional wisdom, Fritz Meyer's fact-based analysis on long-term strategic investing on Advisors4Advisors is intended for professionals guided by strategic application of enduring and fundamental financial and economic conditions and the knowledge to embrace and appreciate thought leadership. 

 

Here are two videos on this topic: a 15-minute snippet of my interview with Fritz is a free sample of the continuing education A4A has provided since October 2008. The second is a two-minute video introducing this topic to advisor clients. It's a great piece for RIA lead-generation campaigns.

 

For more about the financial advisor news stream for consumers, schedule a time to speak.

     

 

 

 

 

 

 

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A Strategically Focused CE Curriculum

With classes approved for over a decade by the CFP Board, IWI, and NASBA, Advisors4Advisors CE classes are an optimal knowledge stream for CFP®, CIMA®, CPA, CPA/PFS®, CFA®, and other practitioners. It's not a grab bag of speakers willing to sponsor CE content. Nor is it a one-man CE course. It's a group of subject matter experts with amazing communication skills and a history of thought leadership that, together, give advisors a well-rounded knowledge system for running a professional practice ethically and intelligently.

CE Since October 2008

A4A CE classes for financial professionals began in October 2008, the week Lehman Bros. collapsed. Initially billed as “The Financial Crisis Webinar Series,” A4A connects advisors with authoritative sources on investing, tax, and financial planning, chosen by A4A Editor Andrew Gluck, a veteran financial reporter. A4A members get a stream of CE classes for an advisor who: 

  • holds a CFP®, CIMA®, CPA, CPA/PFS, CFA or other designation requiring CE annually 
  • values monthly CE classes by Fritz Meyer, Craig Israelsen, Bob Keebler, Frank Murtha, or Andrew Gluck
  • diversifies a core of client portfolios in low-expense funds
  • invests based on MPT and economic fundamentals
  • advises on tax and financial planning as well as investing
  • needs financial counseling skills
  • wants the Certified Financial Counselor™ designation 
  • is building a brand as a thought leader locally or in a niche
  • wants the facts when bad news breaks
  • wants CE aligned with a content marketing system
  • wants 24/7 access to CE on-demand
  • insists on objective evidenced-based tax and investment planning analysis
MEMBER REVIEWS 
William Desormeau, Jr.  
It is not possible for me to overstate the cumulative value that Craig, Bob and Fritz have added for over 10 years to my investment advisory practice, as well as for personal and family financial planning. A4A gets my highest recommendation
Lynn Najman, CFP®
I’ve subscribed to A4A since its inception, and always find it intellectually stimulating and on point. It’s one of the few CE solutions out there that doesn’t waste my time by pushing product or talking down to me.

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Pete Deacon, CPA, CFP®
A4A has had a profound effect on my business. Since 2009, I’ve relied on the consistent messaging and updates to run my business successfully. Being able to present the information from Bob, Fritz, and Craig's ongoing CE webinars has been a significant benefit.

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Fredric Mayerson, MBA, PhD, CFP®
I've been a financial professional and professor of finance for 35 years and find Fritz Meyer and Robert Keebler to be among the most engaging, incredibly knowledgeable, and experienced presenters I’ve encountered. They deliver an extraordinary amount of information in an extremely interesting way — sequentially and developmentally, utilizing pedagogical tools and techniques that few possess.  A4A to is the most consistently excellent CE program available.  
Ron Roge, MS, CFP®
I’ve been attending A4A many years because the CE classes are outstanding, and my time is valuable. Though I have over 35 years of experience, I’m always learning something new on A4A. I attend fewer conferences now because the CE is generally not advanced. If you want to learn from the best, in a faster, easier, and less expensive way, I highly recommend A4A.

John R. Day, CPA/PFS®

I’ve been a member since 2011 and never miss the monthly webinars with Fritz Meyer. I appreciate Fritz’s independent views on the economy and markets and Bob Keebler keeps me updated on excellent tax planning ideas. A4A is a great value!
NormanPolitzinerCFP

Norman Politziner, CFP

I wouldn't miss a Fritz Meyer webinar unless my pants were on fire. I've relied on Andrew Gluck's knowledge systems --client communications and CE -- for two decades. It's simply the best solution for tax, financial, investment, and risk-management professionals.®   

Dan Hawley, CFP® 

A4A, for over a decade, has been a great resource for useful and accurate information and CE. A4A and Advisor Products are bargains for an advisory practice. 

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Kevin Brosious, MBA, CFP®, CPA/PFS®

I get CPA CE credit and CFP credit for the webinars.  But not only that, the A4A content is terrific