In this interview, Adam Steffanus candidly discusses his opinions on the market and on stocks that, at the time of the interview, were held in one or more of ARI’s strategies.
Advisory Research (“ARI”) is not affiliated with The Wolf on Bay Street podcast or Wolfgang Klein. ARI is UMA provider on the Canaccord Platform which Wolfgang Klein can access for his clients. ARI’s agreement is with Canaccord to be a UMA provider on the Envestnet platform. While ARI participated in this podcast, this should not be deemed as an endorsement of the sponsor of the podcast or the parties conducting the interviews or podcasts and ARI is not compensated for participating nor do they pay to participate. However, ARI would benefit from inflows into their UMA strategy.
Any content published, or views expressed by ARI are for informational purposes only and should not be considered individual investment advice or a recommendation to invest in any specific security or sector or to adopt any investment strategy. The comments and views expressed by ARI are subject to change based on changing market and economic conditions as well as other factors, are not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment or strategy. The securities mentioned in the podcast were current holdings of ARI as of the date of the interview and were not chosen based on performance-based criteria. ARI will not undertake to update any comments or opinions at a later date.
Past performance does not guarantee future results. Net performance is shown net of a model investment fee of 0.75%. Investing in securities involves risk, including the possibility of the loss of principal. Data is presented in USD. Unless otherwise noted, periods over one year are annualized. Investing in securities involves risk, including the possibility of the loss of principal.
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Certain information contained herein constitutes forward looking statements, projections and statements of opinion (including statements of financial market trends). Such information can typically be identified by the use of terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue” or “believe” or comparable terminology. All projections, opinions and forward-looking statements are based on information available to Advisory Research as of the date of this presentation, and Advisory Research’s current views and opinions, all of which are subject to change without notice. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in forward looking statements. Additionally, information and views presented herein may be drawn from third-party or public sources which are believed, but not guaranteed, to be reliable and which have not been verified for accuracy or completeness.
Advisory Research is providing this material for informational purposes only. The information provided is not intended to recommend any company or investment described herein, and is not an offer or sale of any security or investment product or investment advice. Before making any investment decision, you should seek expert, professional advice and obtain information regarding the legal, fiscal, regulatory and foreign currency requirements for any investment according to the laws of your home country or place of residence.
Benchmark comparison is presented using the iShares MSCI ACWI ETF and the iShares Russell 1000 ETF as Advisory Research considers these ETFs to parallel both associated risk and the investment style presented by the strategies.
The iShares MSCI ACWI ETF seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities. The iShares Russell 1000 ETF seeks to track the investment results of an index comprised of large- and mid-capitalization U.S. equities.
Advisory Research’s strategies are actively managed and not intended to replicate the performance of any cited index: the performance and volatility of Advisory Research’s investment strategies may differ materially from the performance and volatility of a cited index, and their holdings will differ significantly from the securities that comprise the index. You cannot invest directly in an index, which does not take into account trading commissions and costs.
Advisory Research is an investment adviser in Chicago, IL. Advisory Research is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Advisory Research only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of Advisory Research’s current written disclosure brochure filed with the SEC which discusses among other things, Advisory Research’s business practices, services and fees, is available through the SEC’s website at: www.adviserinfo.sec.gov.
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