The Dislocation between the Market and the Economy

On February 16, 2020, our CEO, Leon Goren, wrote an article titled: Pull Your Head out of the Sand – Something’s Gotta Give. The first paragraph opened as follows: “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, …” so goes the famous opening line by Charles Dickens in March 1869. That line from A Tale of Two Cities perfectly captures where we find ourselves today. Its time to start thinking about reducing your risk exposure in both your business and investments and prepare to take advantage of various opportunities as they arise. A month later the S&P 500 collapsed just over 33%. No one can call the timing of any collapse but in this case the writing was on the wall.

Today we are in the midst of a V shaped recovery, with the market as of June 18^th, recovering just over 30%. Yet there exists almost as much uncertainty in what the future holds as we noted back in February. Should we be jumping on the exuberant momentum or derisking our portfolios and heeding Warren Buffet’s wisdom “We simply attempt to be fearful when others are greedy and to be greedy only when other are fearful”?

Thane Stenner, Managing Director of the StennerZhony Group, part of Morgan Stanley’s Wealth Division and Chairman Emeritus of TIGER21 will join Leon Goren, our President and CEO, for a fireside chat on July 17^th. The StennerZohny Group has been recognized in Barron’s 2020 Top 50 Institutional Investment Consultants ranking #8 in all of North America and #1 in California.

Our interactive conversation will focus on providing you with some market insights and confidence on how you should be managing both your wealth creation and preservation during these uncertain times. “To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward” as John Templeton is famously quoted.

It’s a session you won’t want to miss as we explore the following:

• What’s happening in the markets and why the dislocation between the real economy?
• Are we in a “V” shaped recovery or is this really a lazy W with a slow recovery?
• The importance of having a well diversified asset allocation to ensure you don’t lose those hard earned dollars.
• Why are there so many well-known value investors sitting on the sidelines?
• Are we in for another market reckoning?

OUR KEYNOTE SPEAKERS:

Thane Stenner, Managing Director, Graystone Consulting & Alt. Investments Director, Morgan Stanley Wealth Management

Thane Stenner has spent more than three decades understanding and managing the unique financial complexities facing wealthy investors, family offices, and institutional fiduciaries. As a member of the Morgan Stanley Graystone Consulting Advisory Board, he is a global leader in Investment Consulting, and is continually raising the bar for customized and strategic investment solutions. Throughout his career, he and his team have achieved numerous national and international awards and recognition for their work as Wealth Advisors serving ultra-high net worth clients, family offices, and institutional fiduciaries, including being named to Barron’s 2020 and 2019 Top 50 Institutional Consultants and #1 in California. The StennerZohny Group currently advises on more than $18.4B USD in assets (as of 12/31/2019), and is part of the $336B Graystone Consulting division of Morgan Stanley, which has an aggregated $2.7T USD of client assets under management.

 Prior to founding the StennerZohny Group of Graystone Consulting at Morgan Stanley, Thane was a Director at Richardson GMP Limited in Vancouver, British Columbia. Other previous roles held include First Vice President with CIBC World Markets and Managing Director of Merrill Lynch International Private Client Group. Thane is also the Founding Member, Chairman Emeritus and Former Managing Director of TIGER 21 Canada. TIGER 21 is an exclusive North American peer to peer network of high net worth investors with approximately 770 members who collectively manage in excess of $75B USD in assets. Thane is also a past TIGER 21 Global Advisory Board Member and a past Advisory Board Member of Gibraltar & Company, Inc., a Toronto-based venture capital firm focused on private, emerging growth companies in the technology sector. Thane is also currently an advisory board member of Chimp Technologies Inc., an online global charitable giving technology platform company based in Vancouver, BC. Thane has also been an instructor at the Concordia University’s John Molson Family Wealth Program.

Thane was the winner of the Five-Star Wealth Manager Award in 2012. Thane is frequently quoted in Bloomberg, CNBC, the Financial Post, the Globe & Mail and many others.

PLEASE NOTE: You must register to attend. Webcast link and dial in information will be sent to registrants 30 minutes before the start of the Webcast.

 
REGISTRATION IS LIMITED TO 300 ATTENDEES!

REGISTRATION CLOSES @ 10:15AM ON JULY 17th!

Register Now!