Total Wealth – Free Bassuk http://freebassuk.com/ Wed, 23 Nov 2022 17:12:33 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://freebassuk.com/wp-content/uploads/2021/07/icon.png Total Wealth – Free Bassuk http://freebassuk.com/ 32 32 Gisele Bündchen and Tom Brady have donated less than 0.1% of their $700 million fortune to charity | Culture https://freebassuk.com/gisele-bundchen-and-tom-brady-have-donated-less-than-0-1-of-their-700-million-fortune-to-charity-culture/ Wed, 23 Nov 2022 17:12:33 +0000 https://freebassuk.com/gisele-bundchen-and-tom-brady-have-donated-less-than-0-1-of-their-700-million-fortune-to-charity-culture/ “My life is dedicated to this,” Gisele Bündchen told the Australian newspaper. Sydney Morning Herald in 2015. The Brazilian model was referring to her work with the Luz Foundation, a charity that Bündchen founded in 2007. The foundation was initially focused on developing opportunities for girls, then it opened up to d other humanitarian causes. […]]]>

“My life is dedicated to this,” Gisele Bündchen told the Australian newspaper. Sydney Morning Herald in 2015. The Brazilian model was referring to her work with the Luz Foundation, a charity that Bündchen founded in 2007. The foundation was initially focused on developing opportunities for girls, then it opened up to d other humanitarian causes. The model also later created the Luz Alliance Fund, in partnership with the Brazil Foundation, to provide support to low-income Brazilian families during the COVID-19 pandemic. “I know what people think: ‘This girl only poses for pictures’. But in my head, I’m always thinking, ‘Okay, if I take this job, I’ll have more money to invest in this project.’ So that’s what I do.

On October 28, Gisele Bündchen and American footballer Tom Brady filed divorce papers in a Florida court. The divorce ended a 13-year marriage that produced two children and a combined net worth of over $700 million. Brady’s personal fortune is estimated at around $250 million, although it could be higher due to the sports and advertising income he has received throughout his career. Bündchen’s wealth is estimated at around $400 million, with an annual income of between $30 and $40 million. (For a time, she was the highest-paid model in the world.) Despite their impressive fortunes, the divorce revealed that the couple donated less than 0.1% of their wealth to charity between 2007 and 2019. .

A series of public documents showed that since 2007 their foundation, through which they collaborate with other associations, has made very modest donations to other NGOs. Various outlets covered some of the most striking donations: the couple, who own a beachfront villa in Costa Rica, donated $300 to support a local environmental organization in 2018. According to their own tax records, the couple donated $1,000 to the Challenged Athletes Foundation, an organization that provides people with disabilities the opportunity to lead a healthy life. active and participate in sporting events. Another $900 went to the World Wide Fund for Nature, allegedly one of the causes closest to Bündchen’s heart.

In total, the foundation chaired by Gisele Bündchen, Tom Brady and Peter Mattoon, an athlete and business leader who helps Brady with his investments and business endeavors, donated $640,402 to various organizations between 2007 and 2019, or less than 0.1% of the couple’s income. total wealth. Most of that money went to yoga and meditation centers. The Luz Foundation donated $80,000 to the Pointing Out the Great Way Foundation, a Massachusetts-based organization that supports Indo-Tibetan meditation, in 2019. The couple also donated $25,000 to the David Lynch Foundation , a New York-based organization founded by the famous filmmaker, which supports transcendental meditation and yoga in schools. Additionally, they donated an additional $25,000 to the Waltham, Massachusetts-based You Go Girl Yoga Foundation.

More recently, between 2014 and 2015, Bündchen served for two years on the board of directors of the Alliance for Forests, a non-governmental organization present in more than 70 countries which works to protect forests and biodiversity, act on climate , promote the rights and improve the livelihoods of the rural population. The model’s foundation donated $48,000 to the Alliance in 2014 and $25,000 in 2015.

In 2020, during the Covid pandemic, Brady and Bündchen donated 750,000 meals through a collaboration between their foundation and Florida organization Feeding Tampa Bay. In light of new information about the couple’s donations, some are wondering if the act was a publicity stunt, given that Brady had signed with the Tampa Bay Buccaneers in March of that year.

The divorce between Tom Brady and Gisele Bündchen has been described as “efficient” and “low-key”. Only 24 days passed between the revelation that the two had hired family lawyers and the filings for divorce. Although the confirmation of the divorce has ended widespread speculation about the status of their relationship, the future of the Luz Foundation is currently unclear.

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Letter to the Editor: Comparing Apples to Apples https://freebassuk.com/letter-to-the-editor-comparing-apples-to-apples/ Fri, 18 Nov 2022 09:00:41 +0000 https://freebassuk.com/letter-to-the-editor-comparing-apples-to-apples/ Regarding yesterday’s letter (“Who Wins? Follow the Numbers,” November 17), compare apples to apples. The letter confused the cumulative interest rate with the compound interest rate. Using his numbers for starting and ending values, for a $1,000 investment to grow to a value of $33,563 requires an interest rate of 7.13% compounded annually. Similarly, the […]]]>

Regarding yesterday’s letter (“Who Wins? Follow the Numbers,” November 17), compare apples to apples. The letter confused the cumulative interest rate with the compound interest rate. Using his numbers for starting and ending values, for a $1,000 investment to grow to a value of $33,563 requires an interest rate of 7.13% compounded annually. Similarly, the increase in annual labor compensation was 3.70% compounded annually. But that’s a comparison of apples and oranges.

Looking at the same numbers another way and ignoring inflation, the total increase in capital wealth by investing that $1,000 over those 50 years was $32,563. (If capital had invested the same amount as the worker’s one-year earnings 50 years ago, it would now have $372,920.) Over those same 50 years, a person who earned $11,120 in 1972 received $1,685,134 in total compensation if she is still working. today. More apples and oranges.

I do not dispute that capital has not profited more than labor over the past 50 years. The real measure is the distribution of wealth. Here in the United States, the richest 10% own 68% of the wealth. The middle 40% of us have 29%, and the bottom 50% own only 3.2% of the total wealth. Money makes money.

So if you have money to lend, you will have more. How much you get is a decision we make as a company. It is also a reflection of how we value each other. Right now, I would say some of us don’t like each other at all.

Robert Sessums
North Yarmouth


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These 3 players in the race to become captain of the T20 for Team India, do you know who is at the peak of wealth? https://freebassuk.com/these-3-players-in-the-race-to-become-captain-of-the-t20-for-team-india-do-you-know-who-is-at-the-peak-of-wealth/ Tue, 15 Nov 2022 07:12:00 +0000 https://freebassuk.com/these-3-players-in-the-race-to-become-captain-of-the-t20-for-team-india-do-you-know-who-is-at-the-peak-of-wealth/ T20 World Cup: The Indian team failed to win the 2022 T20 World Cup title. This was the biggest test for Rohit Sharma’s captain. In this he completely failed. In the semi-final match of the T20 World Cup 2022, India lost to England by 10 wickets. After this loss, India’s dream of winning the title […]]]>
T20 World Cup: The Indian team failed to win the 2022 T20 World Cup title. This was the biggest test for Rohit Sharma’s captain. In this he completely failed. In the semi-final match of the T20 World Cup 2022, India lost to England by 10 wickets. After this loss, India’s dream of winning the title remained incomplete. In the coming times, Rohit Sharma may leave the captaincy of T20, he may also be removed from his position. In such a situation, three players have the highest right as the new captain. Let us know the strengths of these players.panda hardikThe versatile Hardik Pandya is the biggest candidate to become the captain of the T20. If we talk about his net worth, Hardik has total assets of Rs 80 crores. His main source of income is cricket and brand endorsements. Hardik Pandya, who earns around Rs 1.25 crore every month, has many luxury cars in his garage. He has luxury cars like Rolls Royce worth Rs 6.15 crore, Lamborghini worth Rs 4 crore, Audi and Range Rover in his garage.Rishabh PantsRishabh Pant is also not behind in terms of net worth. He has a total asset of around 70 crores. His fans are eager to see Rishabh Pant play. This is the reason why he can be a serious candidate for the position of captain of the T20. Rishabh, the owner of a property worth 70 crores, owns a luxury house in Haridwar. Apart from that, he has invested in real estate in many places. Despite being a veteran cricketer, he has less car collection. He has a Mercedes SUV.Suryakumar YadavT20 number 1 batsman Suryakumar Yadav is also involved in the race to become captain. His aggressive captaincy can give victory to India in times to come. Surya Kumar has a luxury home in Mumbai. Apart from that, he owns many real estate properties across the country. His car collection includes expensive cars from Mercedes to BMW and Audi. He also owns a Range Rover Velar, a Mini Cooper S and an Audi A6.
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15 largest Mexican companies in 2022 https://freebassuk.com/15-largest-mexican-companies-in-2022/ Sat, 12 Nov 2022 17:10:36 +0000 https://freebassuk.com/15-largest-mexican-companies-in-2022/ In this article, we are going to take a look at the 15 largest Mexican companies in 2022. To pass our detailed analysis, you can directly go to the 5 largest Mexican companies in 2022. Mexico is a developing economy with the potential to be a major economy in the coming decades, but it is […]]]>

In this article, we are going to take a look at the 15 largest Mexican companies in 2022. To pass our detailed analysis, you can directly go to the 5 largest Mexican companies in 2022.

Mexico is a developing economy with the potential to be a major economy in the coming decades, but it is plagued by its demons. Mexico has the 15th largest GDP in nominal terms not to mention the 13th largest economy in terms of purchasing power parity. While the country was able to avoid any severe impact from the South American crisis in 2002, it was one of the hardest hit countries in Latin America during the 2008-2009 recession which led to a contraction in its GDP by 6%.

While the Mexican economy has enjoyed a period of high stability that has resulted in incredibly low interest and inflation rates, there is significant wealth inequality within the country, which has continued to increase these recent years, in line with global trends. Despite the aforementioned stability, Mexico has faced major problems, including lack of infrastructure, lack of modernization of tax and labor laws, not to mention of course the drug wars that have decimated much of the country. , which we will discuss later. Although it is a member of the Organization of Economically Developed Countries, it lags far behind most of the other members of the organization.

The largest Mexican companies in the world in 2022

Pixabay/Public Domain

Some of the progress Mexico has made include increased privatization while improving competition in various major industries such as telecommunications, natural gas, and power generation aimed to improve the quality of the country’s infrastructure. Exports play a major role in the country’s GDP, with its exports to Canada and the United States accounting for more than 90% of its exports and more than half of its imports.

We mentioned earlier that Mexico’s economy and growth are affected by the war on drugs in the country and the activities of several drug lords. According to one study, GDP per capita fell by 0.5% in states where military operations were carried out. The dominance of the cartels in Mexico cannot be underestimated: in some cases, their armament even exceeds that of the army while they are significantly more powerful than the police in most areas, leading to collusion between them .

According to Deloitte, Mexico has yet to recover from the massive losses suffered during the pandemic and just when it looked like the world was about to emerge from the pandemic and begin to rebuild, the Russia-Ukraine war began, plunging the world into further uncertainty. In 2020, the country’s economy contracted by 8.2% due to the pandemic, before growing by 4.8% in 2021. While some industries like agriculture and industrial activities picked up the pace of growth that was continuing before the pandemic, the service industry has yet to fully recover. This is why Mexico is not one of the fastest growing economies in 2022. In 2022, GDP is expected to grow by only 1.8%, but Mexico is likely to return to pre-pandemic levels by 2023. While unemployment levels are well better than it was at the height of the pandemic, the labor market still remains depressed, which, combined with rising inflation, will further increase wealth inequality and affect poverty in the country.

The largest companies in Mexico in 2022 have been rated based on their revenue, profit, assets, and market capitalization. For all data we have consulted Yahoo Finance for the latest information and where data has been provided in Mexican Peso we have converted it to USD. So, without further ado, let’s take a look at the giants of one of the largest developing countries in the world, starting with number 15:

15. Megacable Holdings

Total company revenue (in billions): 1.3

Total company profit (billion): 0.2

Total company assets (in billions): 2.8

Total company market capitalization (in billions): 6.1

The cable operator provides Internet and telephone services in Mexico, with service in more than 250 cities located in 25 states.

14. Becle

Total company revenue (in billions): 2.0

Total company profit (billion): 0.3

Total company assets (in billions): 4.9

Total company market capitalization (in billions): 7.7

Becle is a spirits company and is the largest tequila company in the world. It currently has more than 30 brands of alcoholic beverages while its products are available in 85 countries.

13. Electra Group

Total company revenue (in billions): 7.5

Total company profit (billion): 0.7

Total company assets (billions): 21.8

Total company market capitalization (in billions): 12.3

The financial and retail company is considered the largest non-bank provider of cash advance services in the United States and has operations in Latin America. It operates through more than 7,000 touchpoints around the world and has separate commercial and financial divisions.

12. Continental Arc

Total company revenue (in billions): 9.6

Total company profit (billion): 0.6

Total company assets (billions): 13.3

Total company market capitalization (in billions): 15.3

Producer of snacks and beverages, Arca Continental operated in Mexico, Ecuador and the United States. It is the second largest bottler of Coca-Cola in Latin America.

11. CEMEX, CV SAB (NYSE:CX)

Total company revenue (in billions): 14.5

Total company profit (billion): 0.8

Total company assets (billions): 26.7

Total company market capitalization (in billions): 6.3

Mexico’s largest building materials company, CEMEX, SAB de CV (NYSE: CX) is engaged in the manufacture and distribution of ready-mixed concrete, cement and aggregates. CEMEX, SAB de CV (NYSE: CX) operates in more than 50 countries and is considered one of the largest cement companies in the world. CEMEX, SAB de CV (NYSE: CX) currently operates more than 60 cement plants and 1,348 ready-mix concrete facilities in addition to hundreds of quarries and distribution centers.

10. Grupo Inbursa

Total company revenue (in billions): 2.5

Total company profit (billion): 1.1

Total company assets (billions): 29.4

Total company market capitalization (in billions): 11.6

One of the biggest Mexican companies in 2022, Grup Inbursa is a financial company owned by Mexican billionaire Carlos Slim. Among the many products offered by the company are general insurance, auto insurance, health insurance, mortgages, retirement funds and commercial banking.

9. Banco Santander México, SA, Institution de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX)

Total company revenue (in billions): 3.5

Total company profit (billion): 1.1

Total assets of the company (in billions): 86.3

Total company market capitalization (in billions): 7.9

Banco Santander México, SA, Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE: BSMX) is the Mexican subsidiary of Banco Santander, a large Spanish bank. Founded over 30 years ago, Banco Santander México, SA, Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE: BSMX) is headquartered in Mexico City.

8. Coca-Cola FEMSA, CV SAB (NYSE:KOF)

Total company revenue (in billions): 10

Total company profit (billion): 0.8

Total company assets (billions): 14.0

Total company market capitalization (in billions): 13.9

Coca-Cola FEMSA, SAB de CV (NYSE:KOF) is jointly owned by FEMSA and The Coca-Cola Company, with the remaining shares listed on the Mexican and New York stock exchanges. The world’s largest bottler of Coca-Cola, Coca-Cola FEMSA, SAB de CV (NYSE:KOF) is present throughout Latin America. In 2015, Coca-Cola FEMSA, SAB de CV (NYSE:KOF) opened two $500 million bottling plants in Colombia and Brazil, while it purchased VONPAR in Brazil in 2016.

7. Fomento Económico Mexicano, SAB de CV (NYSE:FMX)

Total company revenue (in billions): 28.6

Total company profit (billion): 1.5

Total company assets (billions): 35.2

Total company market capitalization (in billions): 7.7

Fomento Económico Mexicano, SAB de CV (NYSE: FMX) is a beverage retail company headquartered in Monterrey. Operating the world’s largest independent Coca-Cola bottling group, Fomento Económico Mexicano, SAB de CV (NYSE: FMX) also operates the nation’s largest convenience store. The multinational is present in several Latin American countries.

6. Bimbo Group

Total company revenue (in billions): 17.9

Total company profit (billion): 0.8

Total company assets (billions): 15.8

Total company market capitalization (in billions): 18.9

The Mexican multinational is the largest food processing company in the country and operates in more than 33 countries and on five continents, including Asia, North America, South America, Africa and the United States. ‘Europe. The company has 134,000 employees in addition to 196 bakery plants and a global distribution network that includes more than 57,000 routes. There are more than 100 brands owned by the company.

Please click to continue reading and view the 5 largest Mexican companies in 2022.

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Disclosure: none. 15 largest Mexican companies in 2022 is originally published on Insider Monkey.

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These performance metrics don’t make Berjaya Berhad’s (KLSE:BJASSET) assets look too strong https://freebassuk.com/these-performance-metrics-dont-make-berjaya-berhads-klsebjasset-assets-look-too-strong/ Thu, 10 Nov 2022 06:39:08 +0000 https://freebassuk.com/these-performance-metrics-dont-make-berjaya-berhads-klsebjasset-assets-look-too-strong/ When we’re researching a business, it’s sometimes hard to find the warning signs, but certain financial metrics can help spot problems early. When we see a decline come back on capital employed (ROCE) in connection with a decrease base capital employed, this is often how a mature company shows signs of aging. This reveals that […]]]>

When we’re researching a business, it’s sometimes hard to find the warning signs, but certain financial metrics can help spot problems early. When we see a decline come back on capital employed (ROCE) in connection with a decrease base capital employed, this is often how a mature company shows signs of aging. This reveals that the company is not increasing shareholder wealth because returns are falling and its net asset base is shrinking. So, after considering Assets Berjaya Berhad (KLSE: BJASSET), the trends above didn’t look too good.

What is return on capital employed (ROCE)?

Just to clarify if you’re not sure, ROCE is a measure of the pre-tax income (as a percentage) that a business earns on the capital invested in its business. To calculate this metric for Berjaya Assets Berhad, here is the formula:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.0062 = RM18m ÷ (RM3.1b – RM281m) (Based on the last twelve months to June 2022).

So, Berjaya Assets Berhad has a ROCE of 0.6%. Ultimately, that’s a poor yield and it’s below the hotel industry average of 5.3%.

Check out our latest analysis for Berjaya Assets Berhad

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Historical performance is a great starting point when researching a stock. So you can see Berjaya Assets Berhad’s ROCE gauge above against its past returns. If you want to dive deep into the earnings, revenue and cash flow history of Berjaya Assets Berhad, check out these free graphics here.

What does the ROCE trend tell us for Berjaya Assets Berhad?

There is reason to be cautious about Berjaya Assets Berhad as yields are trending lower. To be more precise, the ROCE was 2.5% five years ago, but since then it has fallen significantly. In addition to this, it should be noted that the amount of capital used within the company remained relatively stable. Given that yields are down and the business is using the same amount of assets, this may suggest that it is a mature business that hasn’t seen much growth over the past five years. . If these trends continue, we don’t expect Berjaya Assets Berhad to become a multi-bagger.

The final result on the ROCE of Berjaya Assets Berhad

Ultimately, the tendency for lower returns on the same amount of capital is generally not an indication that we are considering a growth stock. Long-term shareholders who have held the shares for the past five years have experienced a 42% depreciation in their investment, so it looks like the market might not like these trends either. That being the case, unless the underlying trends return to a more positive trajectory, we would consider looking elsewhere.

On a separate note, we found 1 warning sign for Berjaya Assets Berhad you will probably want to know more.

Although Berjaya Assets Berhad does not currently generate the highest returns, we have compiled a list of companies that currently generate over 25% return on equity. look at this free list here.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Kanye West apologizes after brands keep letting him down https://freebassuk.com/kanye-west-apologizes-after-brands-keep-letting-him-down/ Sun, 30 Oct 2022 12:20:33 +0000 https://freebassuk.com/kanye-west-apologizes-after-brands-keep-letting-him-down/ Despite apologizing to the paparazzi over his controversial comments, the Floyd family continues to prepare for a $250 million lawsuit against the rapper. Rapper Kanye West (She) When Kanye West was quizzed by paparazzi on Friday about his most recent comments, he said he didn’t consider his comments “anti-Semitic” at the time, and he went […]]]>

Despite apologizing to the paparazzi over his controversial comments, the Floyd family continues to prepare for a $250 million lawsuit against the rapper.

  • Rapper Kanye West (She)

When Kanye West was quizzed by paparazzi on Friday about his most recent comments, he said he didn’t consider his comments “anti-Semitic” at the time, and he went on to apologize for his claim that George Floyd died from fentanyl in his system rather than police officer Derek Chauvin’s knee on his neck.

After Adidas severed its ties with the rapper turned fashion designer, he confided to the paparazzi, “When I see this video as a black person, it hurts me. And I know that the police attack and that America is generally racist… And I understand that when we had to say Black Lives Matter, that the idea of ​​it made us feel good together as a people, n ‘is this not ?”

He said: “So when I questioned the death of George Floyd, it hurt my people,” he continued. “I want to apologise. Because God has shown me by what Adidas does, by what the media does, I know what it feels like to have a knee on your neck now.”

On the Drink champions podcast earlier this month, West claimed that Floyd died from fentanyl use rather than Chauvin’s knee on his neck. “They hit (Floyd) with the fentanyl. If you look, the guy’s knee wasn’t even on his neck like that,” Ye said. “They said he screamed for his mum; mom was his girlfriend. It’s in the documentary.

Conservative political commentator Candace Owens’ documentary contradicts the Hennepin County Medical Examiner’s Office ruling that his death was a homicide caused by “cardiorespiratory arrest” by “neck restraint and compression” while restrained by the police.

In light of his controversial comments, George Floyd’s family is preparing a $250 million lawsuit against the rapper.

“So thank God for humbling me and letting me know how I really felt. Because how could the richest black men ever be humiliated other than being forced not to be billionaires in front of everyone from one comment,” the rapper said.

Adidas, which ended an arrangement with the rapper which produced the popular Yeezy sneaker collection, succumbed to a week-long pressure campaign, following the path of other companies who also severed ties with West.

The famous retailer Gap had ended its partnership with West in September. The rapper recently said in a podcast that he was key to Adidas’ success, commenting, “I can say anti-Semitic things and Adidas can’t let me go. Now what?”

In the past week alone, talent agency giant CAA dropped the rapper this week; fashion houses like Balenciaga and Adidas and banking giant JP Morgan Chase followed suit. As a result, his total wealth rose from $2 billion to around $500 million right after Adidas’ tie cut.

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It’s time to scrap the 4% rule, say retirement pros https://freebassuk.com/its-time-to-scrap-the-4-rule-say-retirement-pros/ Thu, 27 Oct 2022 23:01:26 +0000 https://freebassuk.com/its-time-to-scrap-the-4-rule-say-retirement-pros/ According to Lau, Stone and Blanchett, the 4% withdrawal rule is about as likely to cause overspending as it is to cause underspending for any given retiree. The actual sustainable level of spending will depend on a myriad of factors, from the sequence of market returns to the expected lifestyle in retirement. The trio agree […]]]>

According to Lau, Stone and Blanchett, the 4% withdrawal rule is about as likely to cause overspending as it is to cause underspending for any given retiree. The actual sustainable level of spending will depend on a myriad of factors, from the sequence of market returns to the expected lifestyle in retirement.

The trio agree that consideration of clients’ tolerance for income risk and their desire for security should begin well before retirement begins, with planning that considers both their financial and emotional needs. Something like the 4% rule, which relies on full market participation with no asset rents, can work very well for a client who has excess assets and a high appetite for risk.

“For clients who have sufficient assets and can handle market volatility without making fear or emotion-based trading errors, a probability-based total return strategy that draws retirement income directly portfolio may be the right approach,” says Blanchett.

On the other hand, for those who are not comfortable exiting the markets, incorporating a guaranteed income element into the overall plan in the form of an annuity can help alleviate many of the fears. expressed by customers.

“That’s going to be a lot more productive for a retirement income plan than just seeing the person make the money,” Lau points out.

According to Stone, Lau and Blanchett, recent developments in the annuity market have completely reshaped the suite of solutions that is available to advisors and their clients. While traditional single premium immediate annuities, or “SPIAs”, continue to generate income through a true annuity, it is now much more common for income to be generated through riders.

That means many annuity products offer a lot more flexibility than advisors and clients often assume, Lau says.

“It’s important because customers don’t hand over assets to the insurance company to generate revenue,” Lau explains. “When income is generated using a rider, the cash value remains in the portfolio until it is depleted by distributions.”

Stone says this development is extremely important for advisors to understand because it addresses the most common point of hesitation clients cite when they refuse to consider annuities as part of their retirement income planning efforts. . What’s more, Stone says, the widespread shift from commission-based activities to fee-based trustee work is also helping to reshape the revenue landscape.

Overall, panelists agree it’s time to retire the 4% withdrawal rule as an income plan. The data will remain useful, they agree, but advisers need to step up their game.

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The Best American RIA Companies 2022 https://freebassuk.com/the-best-american-ria-companies-2022/ Tue, 25 Oct 2022 13:55:29 +0000 https://freebassuk.com/the-best-american-ria-companies-2022/ Forbes/Shook Top Companies RIA Forbes It is clear that more and more families entrust the management of their wealth to independent advisers. But how do you choose between countless companies? It’s one thing to choose an advisor who works for a global brand, like a major bank. But how do you start choosing from thousands […]]]>

It is clear that more and more families entrust the management of their wealth to independent advisers. But how do you choose between countless companies? It’s one thing to choose an advisor who works for a global brand, like a major bank. But how do you start choosing from thousands of independent businesses?

SHOOK is here to help. As the world’s only research consultancy specializing in quality. SHOOK performs extensive due diligence as the basis for its ranking.

Disclosure: SHOOK is completely independent and objective, and receives no compensation for ranking placement.

What qualities does SHOOK look for?

For starters, every independent advisor ranking we’ve seen focuses on size (total assets under management, headcount, etc.) But that’s like recommending a large bank. anyone looking for a single trusted advisor?

For large companies, SHOOK focuses on individuals or teams. But for people looking for an independent advisor, SHOOK’s focus on quality directs its recommendations to firms where we can fully understand how each client is actually being treated. In doing so, we measure aspects such as the processes inherent in each customer relationship, what is the purpose of the team, and what is the underlying culture we see at all levels of employees.

When we meet with these independent firms, we take a close look at leadership and senior directors, as they tend to dictate each client’s experience. When we meet with a company or advisor for a due diligence meeting, we always think, “Would we recommend this company (or this individual) to a friend or family member? “Quality is always first, if we are going to include a business (or advisor) in our rankings, we need to make sure everyone is of the highest quality.

The Forbes ranking of the best American RIA companies, compiled by Search SHOOK, is based on an algorithm of qualitative criteria, primarily obtained through telephone, virtual and in-person due diligence interviews, and quantitative data. The algorithm considers factors such as revenue trends, assets under management, compliance records, industry experience, and those encompassing best practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive compensation in exchange for ranking.

(For the full list and more, visit www.forbes.com/lists/top-ria-firms; advisors can take a survey for upcoming rankings on www.SHOOKresearch.com.)

Research Summary (as of October 2022)

We don’t want 300,000 nominations, so we set thresholds to minimize the amount we receive:

  • 36,535 nominations received, according to thresholds
  • 21,116 invited to complete an online survey
  • 15,342 telephone interviews
  • 3,250 face-to-face interviews with advisors
  • 1,357 virtual interviews

*Approximately 20% represent independent advisors.

The SHOOK process

SHOOK scours the financial services industry for nominations. SHOOK accepts advisors who meet predetermined minimum thresholds and acceptable compliance records. To date, SHOOK has received nearly 36,535 nominations – from advisors who meet SHOOK’s thresholds. 21,116 of these candidates responded to an online survey.

Unlike other advisor rankings, SHOOK is not a ‘robo-ranker’ – numbers like production and assets don’t tell the whole story, especially when much of the data is self-reported. SHOOK Research creates role model rankings – companies that lead the way in delivering best practices and delivering a high quality customer experience. It is imperative to focus on quantitative and qualitative factors, including telephone and in-person meetings.

SHOOK Research is the only ranking firm that surveys businesses and advisors by phone and in person at the business location.

Basic requirements

  • Minimum of 7 years as an advisor for 1 partner/principal
  • Fully operational as a practice for at least 1 year
  • Must integrate a fiduciary model
  • Completion of online survey
  • Over 50% of business must be with individuals
  • Acceptable Compliance Record

Quantitative measures

  • Revenue
  • Assets under management and quality of these assets
  • Customer data, such as retention rates
  • Portfolio performance is not a factor; verified returns among advisors are rare, and different client goals offer varying returns

Qualitative measures

  • Telephone, virtual and in-person meetings with companies (if an in-person meeting cannot be achieved, exceptions are considered in which the interview will take place after the publication of a ranking).
  • Compliance Records. Some “malfunctions” may go unnoticed (eg, business or product failure beyond the scope of an advisor’s due diligence; the older a malfunction, the less we seek). Since there are many gray areas, the SHOOK team is ready to listen to a company that is willing to support the advisor with written support.
  • Companies offering a complete customer experience: Service model; investment process; fee structure; range of services (e.g. liabilities and other wealth management services)
  • Credentials (years of service can serve as credentials)
  • Using the team and team dynamics
  • Community involvement
  • Discussions with management, peers, competitor peers

U4/Compliance issues

The following conditions will be considered in order to reduce weighting infractions:

  • Infringements denied or closed without action
  • Complaint stems from a product, service or advice initiated by a former Consultant or another member or former member of the team
  • Time since complaint
  • Claims related to product failure not related to investment advice (certain limited partnerships, rate-adjusted securities, etc.)
  • Complaints that have been resolved (must be proven) to appease a client who has remained with the advisor for at least one year after the settlement date
  • Complaints that turned out to be unfounded
  • Actions taken as a result of administrative error or business failure

Once an advisor’s compliance rating falls into a tenable category, the following conditions must be met:

  • An advisor’s rating must be among SHOOK’s highest qualitative metrics, including in-person interview
  • Letter of recommendation

Ranking algorithm

The algorithm is designed to fairly compare the business practices of a large group of companies based on quantitative and qualitative elements. The data is weighted to ensure that priorities are given to dynamics such as preferred “best practices”, business models, recent business activity, etc. Each variable is noted and represents a certain value for each measured component. This data is fed into an algorithm that measures thousands of companies against each other.

SHOOK Disclosures

SHOOK is completely independent and objective and does not receive any compensation from advisors, companies, the media or any other source in exchange for ranking placement. SHOOK is funded by conferences, publications and research partners. Since every investor has unique needs, investors should carefully choose the right adviser for their own situation and perform their own due diligence. SHOOK’s research and rankings provide opinions on how to choose the right financial advisor and are not indicative of future performance or representative of any client’s experience. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Remember that past performance is not an indication of future results.

For more information, please see www.SHOOKresearch.com.

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WH’s Top 5 Q3 Trades https://freebassuk.com/whs-top-5-q3-trades/ Fri, 21 Oct 2022 18:02:59 +0000 https://freebassuk.com/whs-top-5-q3-trades/ WHITTIER TRUST CO recently filed its 13F report for the third quarter of 2022, which ended on 2022-09-30. The 13F report details the stocks that were in a guru’s stock portfolio at the end of the quarter, although investors should note that these filings are limited in scope, containing only an overview of long stock […]]]>

WHITTIER TRUST CO recently filed its 13F report for the third quarter of 2022, which ended on 2022-09-30.

The 13F report details the stocks that were in a guru’s stock portfolio at the end of the quarter, although investors should note that these filings are limited in scope, containing only an overview of long stock positions. listed in the United States and American certificates of deposit at the end of the quarter. They are not required to include international holdings, short positions or other types of investments. Yet even this limited repository can provide valuable information.

Whittier Trust Co is an investment management firm based in South Pasadena, California. The company was established in 1935 and today offers a “breadth of financial services and expertise backed by an exceptional commitment to personalized service reflecting our family office roots”. Whittier Trust is an independent firm that is currently “the oldest and largest multi-family office headquartered on the West Coast”. Whittier Trust Co conducts research both internally and externally to create a “unique perspective that combines macroeconomic forecasts and individual company analysis” and focuses on the alternative investment market, in particular on real estate, private equities and oil and gas. The company invests the most in the financial sector, which alone accounts for more than a third of the firm’s total asset allocation, and also invests in the sectors of information technology, healthcare, consumer staples, consumer discretionary, industrials and energy, among other sectors. to a lesser extent, in descending order of allocation. Whittier Trust holds its allocations for 11.5 quarters on average and holds its top 10 allocations, which represent more than a fifth of its total asset allocations, for around the same amount at 11.7 quarters on average. During the last quarter, Whittier Trust experienced a turnover rate of approximately 14.9%. The company’s top holdings include SPDR S&P 500 ETF Index Certificates of Deposit, iShares Russell 2000 Index Fund, Apple Inc, Johnson & Johnson Co., JPMorgan Chase & Co., Exxon Mobil Corp., SPDR S&P MidCap 400 ETF Trust and 3M Company, in descending order of allocation. Whittier Trust has developed a Wealth Management Framework to “give a structure and methodology to help you analyze, assess and improve your overall wealth management picture”. The company is focused on growing and maintaining wealth by maximizing after-tax and risk-adjusted returns, with a focus on a long-term horizon.

According to the latest 13F report, the guru’s stock portfolio contained 1709 stocks valued at a total of $4.77 billion. The main holdings were
AAPL(5.03%),
MSFT(3.96%) and
TO SPY(3.74%).

According to data from GuruFocus, these were WHITTIER TRUST CO’s top five deals of the quarter.

Mexican Chipotle Grill Inc

During the quarter, WHITTIER TRUST CO purchased 11,773 shares of NYSE:CMG for a total holding of 12,096. The transaction had a 0.37% impact on the equity portfolio. During the quarter, the stock traded at an average price of $1,549.91.

On 10/21/2022, Chipotle Mexican Grill Inc traded at a price of $1526.2 per share and a market capitalization of $42.33 billion. The stock has returned -17.31% over the past year.

GuruFocus gives the company a financial strength rating 6 out of 10 and one profitability rating out of 9 out of 10.

In terms of valuation, Chipotle Mexican Grill Inc has a price/earnings ratio of 57.10, a price/book ratio of 19.69, a price/earnings/growth (PEG) ratio of 1.84, an EV/ Ebitda of 36.90. and a price-to-sales ratio of 5.30.

The GF price/value ratio is 0.84, which earns the stock a GF Value Ranking of 6.

iShares Core S&P 500 ETF

During the quarter, WHITTIER TRUST CO bought 37,989 shares of ARCA:IVV for a total stake of 415,254. The transaction had an impact of 0.29% on the equity portfolio. During the quarter, the stock traded at an average price of $397.41.

On 10/21/2022, the iShares Core S&P 500 ETF traded at a price of $373.1693 per share and a market capitalization of $280.67 billion. The stock has returned -16.86% over the past year.

The data is insufficient to calculate the financial strength and profitability of the title.

In terms of valuation, iShares Core S&P 500 ETF has a price-to-earnings ratio of 18.29 and a price-to-book ratio of 3.43.

Starbucks Corp.

WHITTIER TRUST CO reduced its investment in NAS:SBUX by 186,730 shares. The transaction had an impact of 0.29% on the equity portfolio. During the quarter, the stock traded at an average price of $84.95.

On 10/21/2022, Starbucks Corp traded at a price of $88.13 per share and a market capitalization of $101.15 billion. The stock has returned -21.25% over the past year.

GuruFocus gives the company a financial strength rating 4 out of 10 and one profitability rating out of 9 out of 10.

In terms of valuation, Starbucks Corp has a price/earnings ratio of 24.84, a price/earnings/growth (PEG) ratio of 5.07, an EV/EBITDA ratio of 16.47 and a price/sales ratio of 3. ,23.

The GF price/value ratio is 0.75, which earns the stock a GF Value Ranking of 9.

SPDR Biotech ETF

During the quarter, WHITTIER TRUST CO bought 158,110 shares of ARCA:XBI for a total stake of 264,625. The transaction had an impact of 0.26% on the equity portfolio. During the quarter, the stock traded at an average price of $84.31.

On 10/21/2022, the SPDR Biotech ETF traded at a price of $78.34 per share and a market capitalization of $6.77 billion. The stock has returned -36.66% over the past year.

The data is insufficient to calculate the financial strength and profitability of the title.

In terms of valuation, SPDR Biotech ETF has a price-to-book ratio of 3.42.

iShares Biotechnology ETF

WHITTIER TRUST CO reduced its investment in NAS:IBB by 99,645 shares. The transaction had an impact of 0.23% on the equity portfolio. During the quarter, the stock traded at an average price of $124.02.

On 10/21/2022, iShares Biotechnology ETF traded at a price of $120.39 per share and a market capitalization of $7.52 billion. The stock has returned -23.93% over the past year.

The data is insufficient to calculate the financial strength and profitability of the title.

In terms of valuation, iShares Biotechnology ETF has a price-to-earnings ratio of 13.23 and a price-to-book ratio of 4.25.

Please note that figures and facts quoted are at the time of writing this article and may not reflect the latest business data or company announcements.

You want to give your opinion on this article ? Do you have questions or concerns? Contact us hereor email us at [email protected]!

This article is general in nature and does not represent the views of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendation. It has been written without taking into account your personal situation or financial goals. Our goal is to bring you data-driven fundamental analysis. The information on this site is in no way guaranteed to be complete, accurate or in any other way.

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Prosperity Bancshares is trading at nearly 10-year low valuation (NYSE:PB) https://freebassuk.com/prosperity-bancshares-is-trading-at-nearly-10-year-low-valuation-nysepb/ Tue, 18 Oct 2022 23:05:00 +0000 https://freebassuk.com/prosperity-bancshares-is-trading-at-nearly-10-year-low-valuation-nysepb/ Pgiam/iStock via Getty Images Due to the ongoing bear market, most investors are wondering how they should position their portfolios, especially given the headwind of inflation soaring to a 40-year high. Financial stocks are attractive candidates because they are among the few beneficiaries of the Fed’s aggressive interest rate hikes and resulting net interest margin […]]]>

Pgiam/iStock via Getty Images

Due to the ongoing bear market, most investors are wondering how they should position their portfolios, especially given the headwind of inflation soaring to a 40-year high. Financial stocks are attractive candidates because they are among the few beneficiaries of the Fed’s aggressive interest rate hikes and resulting net interest margin expansion. However, as the risk of an upcoming recession has risen sharply, investors should be particularly cautious and focus exclusively on banks that have proven resilience to recessions.

Prosperity Bancshares, Inc. (NYSE: PB) certainly fits this description. This disciplined bank has proven to be resilient to recessions on several occasions and is currently trading at a low price/earnings ratio for almost 10 years. Therefore, investors should consider buying this stock around its current price.

Company presentation

Prosperity Bancshares was founded in 1983 as a community bank, but has grown significantly since then through organic growth and the acquisition of smaller banks. It currently operates 258 full-service banking locations in the greater Houston area and some neighboring counties in Texas, as well as 14 branches in Oklahoma.

Prosperity Bancshares benefits from some key characteristics of Texas, which is the second largest state in the United States, with 29 million people. This state is characterized by higher economic growth than the rest of the country and has been ranked the top state for business for 9 consecutive years. It is also the state with the most Fortune 500 headquartered companies, with 53 companies this year.

Prosperity Bancshares has a key competitive advantage over most financial companies, namely its exemplary management. Thanks to the disciplined strategy of its management, the bank has proven to be exceptionally resilient to downturns. Certainly, during the Great Recession, when most banks suffered excessive losses and sharply cut their dividends, Prosperity Bancshares increased its earnings per share by 29% and continued to increase its dividend.

The bank has also shown resilience throughout the coronavirus crisis. Despite the fierce recession caused by the pandemic in 2020 and the almost unprecedented interest rates that prevailed in 2020-2021, Prosperity Bancshares increased its earnings per share by 10% in 2020 and an additional 1% in 2021, to a new all-weather high.

Prosperity Bancshares’ conservative business model causes the bank to grow at a slower pace than its peers during boom times. Financial companies that use a lot of leverage are in principle able to grow at a rapid rate during good economic times. However, whenever a recession hits, these banks experience a slump in profits as Prosperity Bancshares remains highly profitable thanks to its conservative strategy. Overall, investors will struggle to identify a more disciplined and defensive bank than Prosperity Bancshares.

Thanks to its conservative strategy, this bank has posted a record of consistent growth. It has grown earnings per share at an average annual rate of 6.4% over the past decade and at an average annual rate of 7.3% over the past five years.

https://seekingalpha.com/article/4526281-prosperity-bancshares-inc-2022-q2-results-earnings-call-presentation

Prosperity shares growth (Investor Presentation)

The company has steadily increased its results through organic growth as well as a series of acquisitions of smaller financial companies. It should also be noted that insiders own 4.2% of the bank’s shares and therefore their interests are aligned with the interests of shareholders.

While the Fed is aggressively raising interest rates in an effort to cool the economy and bring inflation back to normal levels, the economy has already slowed and is likely to enter a recession over the next of the next quarters. In such a case, most banks are likely to significantly increase their loan loss provisions.

On the contrary, thanks to its disciplined approach, Prosperity Bancshares is not susceptible to major loan losses. Its non-performing loans, which have remained negligible for several consecutive quarters, currently represent only 0.07% of total assets. As the bank has repeatedly proven in previous recessions, it has a high-quality loan portfolio and therefore its loan losses should remain limited even in a recession. Even better, the bank will benefit greatly from the rate hikes put in place by the Fed. Due to the headwind of depressed interest rates, the company posted a low 10-year net interest margin in 2021.

https://seekingalpha.com/article/4526281-prosperity-bancshares-inc-2022-q2-results-earnings-call-presentation

Prosperity Bancshares Net Interest Margin (Investor Presentation)

Fortunately, Prosperity Bancshares should soon start benefiting from rising interest rates and will therefore likely improve its net interest margin significantly over the next few quarters. This will provide a strong tailwind to the company’s earnings.

Signs of this tailwind have already appeared in Prosperity Bancshares’ results. In the second quarter, the bank sequentially increased its net interest margin from 2.88% to 2.97% and thus increased its earnings per share by 5%, from $1.33 to $1.40. Further improvement is expected on this front, as the bank has only recently begun to profit from rising interest rates. Analysts seem to agree on the promising outlook for Prosperity Bancshares, as they expect the company to increase earnings per share by 3% this year and 10% next year.

Evaluation

Prosperity Bancshares is currently trading at a nearly 10-year low price-to-earnings ratio of 12.6, which is below the stock’s 10-year average of 14.3. It’s also worth noting that the stock is currently trading at just 11.3 times its expected earnings in 2024. Additionally, the company hasn’t missed analysts’ earnings per share estimates for 17 consecutive quarters. As a result, it is reasonable to expect the bank to meet or exceed analyst estimates in 2023 and 2024.

The reason for the cheap valuation of Prosperity Banc shares is the effect of inflation on the valuation of most stocks, as inflation reduces the present value of future cash flows. However, the Fed is more determined than ever to bring inflation back to its long-term target of 2%. True, the central bank is raising interest rates at an unprecedented pace in order to cool the economy. The Fed is well aware that its policy is likely to cause a (hopefully mild) recession, but it has prioritized bringing inflation down to sustainable levels. Whenever inflation begins to subside, Prosperity Bancshares’ valuation will likely return to its historical average and the stock will therefore benefit from significant tailwinds. Nevertheless, as inflation has persisted for much longer than originally expected, a great deal of patience may be required for the investment thesis to materialize.

Dividend

Prosperity Bancshares has increased its dividend for 18 consecutive years and currently offers a nearly 10-year high dividend yield of 2.9%. As the bank has a strong payout ratio of 38% and has proven resilient to downturns, investors should be confident that the company will continue to increase its dividend for many years to come. The bank has increased its dividend by an average of 8.9% per year over the past five years and by an average of 8.3% per year over the past three years. Overall, Prosperity Bancshares is currently offering a lackluster dividend yield, but it is likely to continue to increase its dividend significantly for many years to come.

Risks

A potential risk is the adverse scenario of a severe recession. As the Fed has adopted an aggressive stance on inflation, the possibility of a severe recession cannot be completely ruled out. In such an event, Prosperity Bancshares is likely to incur significant loan losses. However, thanks to its disciplined approach, the bank has always endured declines more easily than most of its peers and so investors will just have to be patient until the subsequent recovery in such an adverse scenario.

The other risk is the scenario of persistently high inflation for years. In such a case, Prosperity Bancshares will benefit from high interest rates but the valuation of its stock is likely to remain under pressure for a long period. Therefore, great patience will also be required in such a scenario.

Final Thoughts

Prosperity Bancshares is an exceptionally managed bank that has proven to be resilient to recessions on several occasions. As the stock is trading at a nearly 10-year low valuation, it should greatly reward long-term investors. On the other hand, due to the pronounced economic downturn and the sharply negative market sentiment currently prevailing, investors should be aware that a great deal of patience may be required for the investment thesis to materialize.

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