Tag Archives: wealth management

Coroebus’ First Olympiad

Coroebus’ first olympiad is complete. We have been operating for four years and continue to meet challenges as they come. Performance has been competitive, though scaling continues to be an area of focus as I continue to develop PythiaSM.

In the area of portfolio management or investment management there is a continuing debate as to whether managers deliver enough value to justify their fees. With the growing use of passively managed portolfios, indexed portfolios, roboadvisors and the accompanying downward pressure on fees, active managers face existential threats. Adapt or expire…

Unfortunately, most managers do not capture alpha, or market outperformance, to do little more than pay themselves. Also, most managers who are able to outperform the market and their competitors in the three to five year term, tend not to outperform in the longer term. Though we have our heroes of finance who are able to deliver exceptional returns over thirty plus years, they are the outliers, and more importantly it is difficult to identify why they are able to deliver superior returns.

In the age of big data and artificial intelligence many would like to attribute their performance to superior algorithms and quantitative analysis. It seems more likely and accurate to attribute it to asymmetric information. Simply put, they know something their competitors/other investors do not.

Numbers are a great story telling tool, but as an investor you can get the numbers right, and still lose money. You can be right by most standards, and still be wrong. The disclaimer you will find in any fund marketing material “Past performance is not an indicator of future results/outcomes,” is meant to communicate this to potential investors.

For institutions, this often means they are paying a portfolio manger so that they have someone to blame/fire when performance suffers. See the global pension crisis…

For individuals, especially those with fewer assets, the value of an advisor is likely in their strategic planning and behavioral coaching rather than in their prowess as portfolio managers. For most individuals, public market investment returns will not be the source of their wealth, but part of a capital preservation strategy.

According to research conducted by Roy Williams and Vic Preisser, authors of Preparing Heirs, 70% of intergenerational wealth transitions do not occur successfully. Start building your team of advisors to prepare your family to achieve your wealth mission.

Coming Soon: Pythia…

Coroebus is 3!

According to the ancient poet Pausanius, Coroebus of Elis won the first gold medal of the ancient Olympic games in 776 B.C. by defeating his competitors in the stadion race. Taraje chose to name his business Coroebus to help fulfill a childhood dream to become the first male U.S. Olympic Champion in the sport of judo.

The mission of CWM is to inspire entrepreneurs to prepare and execute bespoke strategic plans to achieve specific lifestyle goals in a socially responsible manner. Our guiding principles are specialized knowledge with integrity and devotion.

In ancient Greece, the Pythia were priestesses and oracles who would communicate with Apollo to predict the future. The labrys is an ancient Cretan double axe that was sometimes associated with female divinity. Together they form Pythia, the predictive analytics tool for financial services/management.IMG_1633

Pythia is Coroebus Wealth Managements financial technology application under development which will offer automated investment management and financial planning, as well as a financial literacy curriculum. In the universe of roboadvisors it might be considered a hybrid as it will offer access to human and algorithm managed portfolios.

We have not abandoned our boutique service or multi-family office business model, but are adding on an automated service to touch a greater number of people and provide expert financial advice to underserved communities. Initially an automated account opening and preliminary discovery process will allow users access to our investment advice. The target market for Pythia are generation Y and Z entrepreneurs, aspiring and otherwise.

The release date is to be announced… We will be working with a small group of thought leaders during development. This has been a project of mine for three years now and it is great to see it begin to take form. Stay tuned for invitations for our early release…

Account Minimums are $5000 and $3000 if < 25
Brokerage services offered through Interactive Brokers, LLC. Member NYSE FINRA SIPC and regulated by the SEC.

Do you need a will?

An estate is all the rights, titles, or interests that a person (living or deceased) has in any property.

Estate transfer is the act of conveying title to property interests from one person to another. Selecting proper estate transfer alternatives is the key to efficient and effective estate planning.

At death, transfers occur either through probate—i.e., by will provision or according to state law—or outside probate through “will substitutes,” such as trusts, contracts, or the way title is held.

-College for Financial Planning

Estate planning should decrease the amount of property transferred by will upon death. The service of a trust and estate attorney may be necessary.