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7.30.2010
Market Update Podcast
Listen in for the latest financial market news!
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7.29.2010
ETFs for the Wealthy
Exchange traded funds (“ETFs”), once used as simple building blocks of “beta” exposure in small accounts, have become more sophisticated and can be effective tools used in a number of high-net worth portfolios.
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7.14.2010
Why the brokerage makes money and you don’t
This recent article in the New York Times highlights the multiple ways in which a brokerage house does not serve your best interest. Unlike what the article suggests, you don’t have to “learn to live with it.”
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5.26.2010
When 100% “Protected” Equals Zero
This recent article from the NY Times highlights a consistent problem we see – high commission products being shoehorned into portfolios.
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4.19.2010
The Game is Rigged
Many people have been inquiring about the Goldman Sachs situation in our offices. While conflicts of interest plague brokerage houses (not our firm), the allegations in this case are particularly disturbing.
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3.6.2010
We don’t face tough ethical “choices,” we are simply ethical
Unfortunately, we see the impact that commissions and corporate compensation structures can have on thoughtful portfolio designs – it isn’t pretty.
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2.1.2010
A Plan for Pro Athletes
Unfortunately there are a lot of examples of those who come into sudden wealth at a young age who ultimately lose their financial footing and declare bankruptcy. This does not have to happen.
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1.13.2010
A Decade of Violated Trust
Every industry and business faces challenges; however the recent developments in our industry have challenged the very core of finance.
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1.7.2010
Brokers Flee Big Firms
Independent financial advisors, like Sierra Nevada Wealth Management, are gaining ground from Wall Street brokers in the competition to manage more than $5 trillion in Americans' savings.
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12.16.2009
The Closet Indexing Problem
This is a significant problem in many of the portfolios we see.
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Beneficial, long-term client relationships are established by combining expertise, integrity and results. The increasing complexity of investment vehicles makes this set of skills critically important for sophisticated investors. The professionals of Sierra Nevada Wealth Management enter each client relationship with the expectation of leveraging our backgrounds for the long-term benefit of our clients, meeting their evolving financial objectives and improving this complex aspect of their lives.
Mr. Crawford is the founder and a managing partner of Sierra Nevada Wealth Management, LLC. The company was established in 2007 to provide sophisticated, institutional-level financial management skills and expertise to individuals and families. Mr. Crawford has over a decade of managing portfolios and performing securities analysis for some of the largest institutional asset management firms in the world. Prior to founding Sierra Nevada Wealth Management and co-founding GCMD Capital Management, LLC, he was a partner at Litchfield Capital Management, LLC a long-short hedge fund based in Litchfield, Connecticut. This fund has a track-record of achieving strong risk-adjusted returns investing in the areas of financials and healthcare. Prior to joining Litchfield, Mr. Crawford held the position of Senior Vice President, Research Group Director for Healthcare Investments at Fox-Pitt, Kelton, Inc, a subsidiary of the global reinsurer Swiss Re in New York City. There he was a member of the FPK global research team ranked #1 or #2 for institutional research in 2000, 2001, 2002 and 2003 by Institutional Investor Magazine. In 2002 he was named the top healthcare investment analyst by Health Leaders Magazine. Additionally, he has been quoted regularly in publications such as The Wall Street Journal, The Financial Times, Investor’s Business Daily, The Wall Street Transcript and has appeared as an on-air expert on CNBC, Bloomberg and ABC World News Tonight. Mr. Crawford holds a B.A. from the University of California, Davis and a M.H.A. from the University of Minnesota. He holds certificate in financial planning from Boston University, is a CFP® professional and a member of the Financial Planning Association. Greg has lived in Reno since 2000, and is married with two children. He is a member of Our Lady of the Snows Catholic Church, the Reno Angles Investor Group, and is active in several local charitable-organizations.
• E mail: greg.crawford@snwmllc.com
• Ph: 775-297-4682
Mr. Andrews is a managing partner and a Registered Investment Advisor with Sierra Nevada Wealth Management, bringing decades of business development and investment expertise to the company. Mr. Andrews is one of the most recognized figures in the annual $100 billion sports gaming business. He ran the Club Cal Neva sports book for over two decades, growing the operation from two outlets to over twenty sites, becoming one of the largest grossing sports books in the State of Nevada, while managing numerous high-profile properties. He was promoted to partner in the Sierra Development Company (Club Cal Neva) in 1991. In 2003 Mr. Andrews was recruited from the Cal Neva to run the race and sports operations of the four-diamond Golden Nugget Hotel and Casino in Las Vegas. After the Golden Nugget was acquired by Landry’s (LNY/NYSE) in 2005, he returned to Northern Nevada, becoming the Vice President of Northern Nevada Operations for Leroy’s Horse and Sports Books. After substantially improving the visibility and locations of the Leroy’s sites in the region, Mr. Andrews joined Sierra Nevada in March of 2008. Mr. Andrews graduated cum laude from Robert Morris College in 1978 with a degree in business management and an emphasis in accounting and economics. He is also currently completing the educational requirements to apply for the CFP® Certification Examination. Originally from Pittsburgh, Mr. Andrews has been a resident of Nevada since 1979. He has been a member of St. Anthony Greek Orthodox Church for 30 years. Mr. Andrews’ wife, three children and two step-children are all Reno natives.
• E mail: chris.andrews@snwmllc.com
• Ph: 775-297-4683
Mr. Derieg is a managing partner and a Registered Investment Advisor with Sierra Nevada Wealth Management. Mr. Derieg has over 15 years of expertise in portfolio management, financial products, risk management and financial modeling. Prior to joining Sierra Nevada Wealth Management, he co-founded GCMD Capital Management, LLC, a privately held hedge fund. Mr. Derieg continues to manage this fund. Prior to forming GCMD, Mr. Derieg worked as a Director at Harbor Street Capital Management, LLC, a managed futures fund, where he served as risk manager, client service manager and branch manager of the New York office. Prior to his work at Harbor Street, Mr. Derieg co-managed a fixed income and equity portfolio for a single overseas private client as a Director at Greenwich Investment Management, LLC. He was a Vice President at J.P. Morgan Securities, where he underwrote, marketed and traded investment grade fixed income for six years. Mr. Derieg graduated cum laude with an A.B. in Economics from Princeton University and with honors with an M.B.A. from Columbia Business School. He is currently completing the educational requirements to apply for the CFP® Certification Examination. Mr. Derieg lives in Reno.
• E mail: myles.derieg@snwmllc.com
• Ph: 775-297-4684
Mr. Brown is an associate with Sierra Nevada Wealth Management, who graduated in 2008 from the University of Nevada, Reno with a B.S. in Finance and a minor in Economics. His academic experience in Finance includes portfolio and risk management, equity and bond pricing, and derivative strategies. During the spring semester of his senior year, Philip, along with his classmates, managed a live investment portfolio of $100,000, with positive returns during a four-month period when the broader markets declined. While attending the university, he worked as an intern at a merger and acquisition bank, RJ Easton LTD in New York City in the summer of 2005 and researched alternative investment strategies using exchange traded funds. Mr. Brown lives in Reno.
• E mail: phil.brown@snwmllc.com
• Ph: 775-297-4277