From the Blog
Managing wealth involves a forward-thinking approach, especially when it involves the future of our children. The 529 account, named after its corresponding tax-code provision, stands out as the most dominant college-savings plan available today.
After more than a decade of yields sitting well below historical averages and often close to zero for shorter maturities, treasuries have been relatively unattractive investments for quite a while. Recently, however, the market environment for all fixed…
Spotlight on the 2023 Summer Interns at Moran Wealth Management®
Moran Wealth Management® is committed to serving the next generation of financial professionals through educational…
Behavioral Economics Series
Welcome to the Moran Wealth Management® Behavioral Economics Series where each month we will break down complex topics that impact investors’ decision-making and explore the psychological, cognitive, emotional, and cultural aspects applied to economic theory.
According to neoclassical economic theory, investors always behave rationally. However, in real life, investors can act quite irrationally. In fact, famed value investor Benjamin Graham once said that “the investor’s chief problem—and even his worst enemy—is likely to be himself.” We are hoping this new series on Behavioral Economics will help you become more cognizant of the common pitfalls investors face due to cognitive biases. So, sit back relax, and enjoy tabbing through the mind of an investor.
Moran Wealth Management® hosts seminars to educate the community on a variety of financial topics.
Seating is limited for these complimentary seminars. For reservations, please call 239.513.2511, our lines are open 24/7 or book below.
SIGN UP NOW FOR AN UPCOMING SEMINAR
State of the Market: A 2024 Recession Roadmap
Friday, October 6
10 am – Noon
5801 Pelican Bay Boulevard
Suite 110, Naples
State of the Market: A 2024 Recession Roadmap
Thursday, October 5
1 pm – 3 pm
5801 Pelican Bay Boulevard
Suite 110, Naples
LEARN MORE ABOUT
MORAN WEALTH MANAGEMENT®
About our group’s founding, our team, and office location.
Since 1990, Thomas M. Moran has strived to add value to clients’ portfolios by capitalizing on his team’s investment experience. Moran Wealth Management, LLC was founded in 2018 and was used as a business name while at another financial institution, then in 2022 it started doing business as a Registered Investment Advisor.
About the group’s assets under management.
Moran Wealth Management® is responsible for over $4 billion of assets under management (AUM) as of 6/30/2023 for families and institutional clients.
About our group’s income tax mitigation strategy for taxable portfolios.
Although we are not a tax advisor, we will be glad to work with you, your accountant and tax advisor to help you meet your financial goals.
About our group’s methodology for determining a client’s strategic asset allocation.
We believe asset allocation is an important factor in determining the variability of portfolio performance. In our opinion, a diversified portfolio can help smooth your investment ride while aiming to give you a higher likelihood of meeting your objectives.
We believe the most important step in developing a strategic allocation is to determine which asset classes are appropriate for your portfolio, given your risk and return objectives and our group’s Capital Market Assumptions. We also suggest reasonable constraints in order to help ensure that the portfolio is well diversified. We can then create model blends of those asset classes in order to help determine a suitable allocation; that is, the portfolio that we believe would be most likely to offer the best return with the lowest risk in order to meet your goals.
Strategic allocations are determined based on a number of factors including correlation, standard deviation, alpha and macroeconomic considerations. In our opinion, having direct management capabilities over a number of asset classes and investment styles may allow better portfolio oversight and aims to maximize tactical allocation decisions.
Portfolio allocations are managed on both a strategic and tactical basis under strict overall allocation guidelines within each asset class and market cycle.
Asset allocation and diversification are investment methods used to help manage risk. They do not guarantee investment returns or eliminate risk of loss including in a declining market.
About our group’s use of cash in portfolio strategies.
A small allocation to cash and cash alternatives can be kept in the portfolio as a liquidity reserve. Asset allocation and diversification are investment methods used to help manage risk. They do not guarantee investment returns or eliminate risk of loss including in a declining market.
About our group’s use of leverage in portfolio strategies.
The portfolio strategy does not, and will never, use leverage.
About our group’s process for determining tactical class adjustments throughout market cycles.
Tactical adjustments to the portfolio are made based on a combination of quantitative and qualitative variables. We use both historical valuation models and a macroeconomic overlay which employs statistically significant variables to determine areas of concern and potential opportunities for reallocation.
About our group’s formal portfolio rebalancing strategy.
A key aspect of a successful investment solution is aiming to ensure that your portfolio total remains properly allocated. We strongly encourage clients to remain within their stated risk tolerance in order to accomplish this, accounts should periodically be rebalanced to their targets. We can rebalance portfolios we manage annually, or more frequently if necessary. If excess cash is available we generally use it first, and then move assets from higher weighted asset classes to lower weighted asset classes as needed.
About our group’s process for implementing tactical portfolio decisions to ensure all clients receive the same trade simultaneously.
When entering orders for a strategy, we include all accounts with the same investment strategy in a bunched/block order. After the bunched/block order has been executed, an operational or Administrative Associate in the Sales Location, Home Office or on the trading desk must prepare and enter the allocation entries in the group’s systems only for those client accounts listed on the allocation sheet. Average pricing is used to average multiple executions of a single order that was executed at different prices into a single trade. The trades are allocated on a prorated basis and all clients in the bunched/block order will receive the same execution price.
About the research we conduct within our group
Within Moran Wealth Management®, research is conducted by a team of analysts including Christina Shaw, CQF, CIPM – Chief Trading Officer and Chelsea Ganey, CFA® – Chief Strategy Officer.
About our group’s process for integrating internal and external resources and sources of information in our research process.
Moran Wealth currently utilizes a variety of variables and research firms to arrive at its recommendations. Our processes are designed to benefit clients by bringing together our collective experience in diverse markets, such as macro strategy, international strategy, equities (large-, mid- and small-capitalization), closed-end funds/exchange-traded tracking products (CEFs/ETPs), fixed income securities (investment-grade, high-yield and municipal securities) and market analysis.
About our client portfolios with the same objectives.
Clients with the same portfolio objective will look similar in holdings. If there are differences it is typically due to either significant additions or withdrawals of cash or client imposed restrictions which could affect the account’s ability to receive certain trades.
About how our group structures custody of assets.
Custody services are provided through BNY | Mellon Pershing. Provides safekeeping services and comprehensive accounting of all transaction activity and securities holdings.
About the investment-related education provided to our clients.
Investing with Moran Wealth Management® involves an ongoing dialogue to review your portfolio, assess new investment opportunities and reevaluate your strategy as market conditions or your objectives change. Moran Wealth primarily keeps clients up to date on emerging issues through personal portfolio reviews. The group also frequently offers client luncheons and seminars on relevant market topics for clients to attend. Lastly, we are always available through phone, email or meeting to answer any questions clients may have about their portfolio or the market.
What sets our team’s services apart from other investment advisors.
We believe in long-term relationships and strive to earn your continued trust. A great reputation must be earned and, once earned, can be relied upon by your family for generations. This is not a commitment we take lightly. Doing the right thing is the center of our investment philosophy. Our clients enjoy the personal attention that is the hallmark of Moran Wealth Management®. We maintain long-term relationships with affluent clients who typically have portfolios of $1 million or more of investable assets. Investing with Moran Wealth Management® involves an ongoing dialogue to review your portfolio, assess new investment opportunities and reevaluate your strategy as market conditions or your objectives change.
We are performance driven.
Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns. MWM does not provide tax or legal advice. Past performance is not indicative of future results, and there is no assurance that any investment strategy will be successful. Investments and investment strategies contained herein are provided for informational purposes only. We would need to review your individual situation before recommending appropriate strategies to you. All investing involves risk, including the possible loss of principal. Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.