InvestmentNews names the financial advice industry's 2017 “Best Practices”

Written by Burney Company on .

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October 17, 2017, Boston, Mass. – InvestmentNews today named The Burney Company (Burney Company Investment Management) a winner of the 2017 Best Practices Awards, an important initiative that recognizes the top-performing and most innovative firms in the financial advice industry.

The winners of the InvestmentNews Best Practices Awards were identified through their participation in the 2017 Adviser Compensation & Staffing and the 2017 Adviser Technology Study. The winning firms were officially recognized today at InvestmentNews’ Best Practices Award and Workshop, which was hosted at The Colonnade Hotel in Boston.

"The Best Practices winners are some of the most strategic and successful firms in the advice business," said Mark Bruno, associate publisher at InvestmentNews and head of InvestmentNews Research. "Their leaders have a clear plan and vision for growing their firms and managing elite organizations. Acknowledging their accomplishments and telling their stories will help educate, inform and influence the growth of the overall industry.”

To identify the 2017 Best Practices Award winners, InvestmentNews Research created composite scores that examined several key metrics from its core benchmarking studies – including a firm’s rate of growth, profitability and productivity level. The data was obtained from over 700 independent advisory firms that participated in the 2017 Adviser Compensation & Staffing Study and the 2017 Adviser Technology Study. The “Best Practices” were those who ranked among the top-quartile of all participants; in addition, the final firms were selected after qualitative interviews conducted by the InvestmentNews Best Practices Committee.

September Market Update

Written by Andy Pratt, CFA on .

In what has been a year dominated by large tech stocks – Apple, Google, Amazon, etc. – September was a good month for Size and Style underdogs as Small-cap stocks outperformed Large-caps and Value stocks held the edge over Growth stocks. Earlier we noted how stocks were not participating in this year’s stock rally evenly and, while this is still true to some extent – even after this month, Value stocks have only returned half of what Growth returned – the gap between smaller and larger companies shrunk significantly.

September 2017 SS

Quick Links on the GOP's Tax Reform Proposal

Written by Andy Pratt, CFA on .

The long awaited and long promised Tax Reform bill was finally introduced yesterday by leaders of the GOP. While it is light on specifics, there are several broad concepts proposed that, if passed, would have implications for many.  Due to likely opposition from Democrats and deficit hawk Republicans alike, in addition to challenges keeping projected tax cuts below $1.5 trillion over the next 10 years as required by Congress’s Reconciliation Process, any bill that passes will likely look different from this proposal.

Still, it is good to understand what this bill is and isn’t and how it might affect you and your investments.

Below are quick links to help:

July Market Update

Written by Alex Shen, CFA and Andy Pratt on .

After taking a one-month break, Large Growth stocks continued their year-to-date outperformance in July, returning 2.6% on the month and 16% so far on the year.  To put that into perspective, the lowest performing Size and Style market segment is Small Value which gained 0.7% in July and only 1.6% so far in 2017.

Interestingly, this is a 180-degree change from 2016 when Large Growth stocks were the worst performers and Small Value stocks the best, highlighting the dangers in short-term performance chasing.

2016 vs 2017 SS

Small Value stocks were the best performers last year but are the worst performers this year