Please search five top private client asset management companies in US
to handle client portfolio of minimum one million. What are their
records in terms of performance, expense ratio and risk management in
recent 20 years? Please compare your result with Bernstein (web:
www.bernstein.com)in terms of above criteria.
Can you provide their contact information and web address? Also please
include a step by step instruction so that your search can be
repeated. |
Request for Question Clarification by
jbf777-ga
on
09 Mar 2004 19:44 PST
Hello -
Would you consider "private client asset management companies" to be
synonymous with "financial planners" or "financial advisors?"
Thanks,
jbf
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Clarification of Question by
mcsquared2-ga
on
10 Mar 2004 04:35 PST
Not really. However they have overlapping functions. I am looking for
big brokerage companies, banks, or other financial institutions that
offer asset management to their clients with certain assets. Some of
them require 1/2 million to sign on, some of them require 1 million.
Many require 10 millions and higher. They have their own reseach
department with hundreds of experts and offer advise and investment
vehicles like equities and bonds. A typical example is Bernstein. I
hope that I clarified what I am looking for.
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Request for Question Clarification by
leader-ga
on
10 Mar 2004 06:10 PST
Hello mcsquared2-ga:
I have located the top five US companies and top 10 global companies
that deal with the issue of private banking and wealth management. The
rankings are based on the amount of private banking assets. Can this
be a starting point for this type of research OR are you looking for
something else?
Thanks.
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Clarification of Question by
mcsquared2-ga
on
10 Mar 2004 18:46 PST
Hi jbf-777:
The amount of asset under wealth management is not my primary concern
as long as the company has five billion under its management. The
performance and return on investment should be the starting point. I
also prefer US companies, or global companies only if they do major
business in US. In addition please do extensive research about
Bernstein from neutral and authoritive resources, instead of only
going to Bernstein's web site.
Thank you.
mcsquared2
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Request for Question Clarification by
jbf777-ga
on
11 Mar 2004 11:53 PST
mcsquared2 -
Actually, that last question was from my colleague leader-ga. But I
actually have some questions along the same lines.
I've been spending most of the morning researching your question, and
I think there's basically two means of approaching it. I can either:
A) Provide you with the names of a couple of fee-based
services/databases I've located, that would give you access to various
sorts of data on the companies of your choice. Both of them are
around $300 each. I believe this option would make the most sense,
given the magnitude of your investing, as they will provide you with
more data than I could ever hope to supply you (at the $100 list price
[$75 for me] of your question). One of them in particular allows you
to search for companies based on risk, return, account minimums, etc.
There's another research firm that provides customized reports at
around $500 per "slice" of data. These prices represent the going
rate for such research.
OR
B) Have you pick five companies from the following list:
* Citigroup Inc.
* Bank of America Corporation
* J.P. Morgan Chase & Co.
* American Express Company
* Bank One Corporation
* BB&T Corporation
* American International Group, Inc.
* Wells Fargo & Company
* Primerica Financial Services, Inc.
* Washington Mutual, Inc.
* Goldman Sachs
* Merrill Lynch
These firms are among the biggest players in the US. I could contact
the five that you've chosen, along with some general searching on the
Web, and come up with some basic numbers. You would have to tell me
specifically what kind of investments you would like me to compare
these companies on, as these companies have several types of
portfolios and investment options.
I look forward to your reply.
jbf777
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Request for Question Clarification by
jbf777-ga
on
11 Mar 2004 17:50 PST
Regarding option #2, please take a look at this link:
http://im.jpmorgan.com/imweb/impub/am_index2.jsp
Float your mouse over "Products & Performance" (first option on the
green menu bar at top). You'll see many product offerings of this
firm. In order to compare the performance of this firm with others, I
need to know precisely what type of investment strategy (topically
speaking) you'll be taking.
Thanks,
jbf
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Clarification of Question by
mcsquared2-ga
on
12 Mar 2004 19:11 PST
Hi jbf:
Thank you for asking for clarification. I would have to mention
Bernstein the third time in order to clarify. On domestic equity
Bernstein offers two types of investment - value and growth. Let's
start with equity first. I hope I made clear this time.
Thank you.
mcsquared2
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Request for Question Clarification by
jbf777-ga
on
13 Mar 2004 16:37 PST
mcsquared2 -
Would you like for me to pick five companies from the list above, or
would you like to choose them?
jbf777
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Clarification of Question by
mcsquared2-ga
on
13 Mar 2004 18:26 PST
jbf:
On 03/10, I clarified that performance should be the starting point,
not amount of managed assets. I do not understand why your focus is
only on these 10 companies.
Thank you.
mcsquared2
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Request for Question Clarification by
jbf777-ga
on
13 Mar 2004 21:47 PST
I apologize for the confusion. I had originally thought using
performance as a starting point wasn't going to be doable (hence my
asking for you to choose from an allotment of companies to compare),
but this is not the case. I now have performance data on five leading
companies.
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Request for Question Clarification by
jbf777-ga
on
14 Mar 2004 10:59 PST
The performance data I have found goes back about 40 quarters (about
ten years). Would this be sufficient to actually identify the top
performing companies, or do you require the performance data to be
twenty years worth?
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Clarification of Question by
mcsquared2-ga
on
14 Mar 2004 15:25 PST
jbf:
Thank you for your effort. 20 years of performance data is a requirement.
mcsquared2
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Request for Question Clarification by
jbf777-ga
on
15 Mar 2004 08:52 PST
I am still waiting to hear back from one company (engaged in ranking
asset management companies), but I have checked with several, and it
seems the furthest back they rank companies by is ten years. A
representative from one of the companies thinks (and I agree) that you
won't be able to retrieve data that far back from anyone without
paying accordingly (i.e., for an expensive custom report). Another
rep from a site that does nothing but review 100's of managers has
never seen a database go back that far. He says that very few
managers will even have data going back that far.
Barring a response back from this one company I am waiting for, I do
not believe it is possible to get you a rank of the "top five of all
asset management companies based on their 20 year performance." The
closest I think that I will be able to come is to find the 5 best
performers over a 10 year period, and then contact each of these
companies to find out their 20 year record (if it exists).
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Clarification of Question by
mcsquared2-ga
on
15 Mar 2004 19:04 PST
jbf:
I accept your argument that 20 years of data may be hard to get. It is
ok to have 10 years of data to begin with.
Thank you.
mcsquared2
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Request for Question Clarification by
jbf777-ga
on
16 Mar 2004 11:14 PST
mcsquared2 -
>Thank you for asking for clarification. I would have to mention
>Bernstein the third time in order to clarify. On domestic equity
>Bernstein offers two types of investment - value and growth. Let's
>start with equity first. I hope I made clear this time.
Sorry to drag on the clarification process, but it seems the
stipulations you require are a bit exclusive of each other in terms of
what's publicly available. To find ranking information, I'm reliant
upon this publicly available data which has certain constraints. For
instance, there may be a performer in the top 5 with $6+ billion in
management, but has an individual account minimum of $500,000 to start
up. Is the account minimum very important?
On domestic equity, Bernstein's portfolio is "one or the other" --
value or growth. The list I have ranks by either growth, value, or
"growth and value." Which would you interested in using to determine
the top 5?
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Clarification of Question by
mcsquared2-ga
on
16 Mar 2004 19:49 PST
jbf:
I think it is easier to clarify by listing what I would do to
accomplish the research.
(1) Do a thorough research on Bernstein and have its data ready as milestone.
(2) List all companies with private client service.
(3) Exclude companies with less than 5 billion client assets.
(4) Include only companies with a requirement of one million minimum to sign on.
(5) List best equity performers by three catagories (value, growth,
and value + growth).
(6) Compare your results with Bernsteins' and list all winners.
(7) Compare your winner's expense ratio with Bernstein's and have a
shorter list of winners.
(8) compare the winner's risk management with Bernstein's and have a
list of finalists.
(9) Choose top five winners in terms of performance, expense ratio,
and risk management.
(10) Include your step by step search instructions so that your result
can be repeated.
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Request for Question Clarification by
jbf777-ga
on
16 Mar 2004 21:41 PST
mcsquared2-
I truly wish it was that cut and dry. Retrieving data of this type
means accessing data in public database(s) that have certain
constraints. See below.
(1) Do a thorough research on Bernstein and have its data ready as milestone.
This is doable.
(2) List all companies with private client service.
(3) Exclude companies with less than 5 billion client assets.
(4) Include only companies with a requirement of one million minimum to sign on.
(5) List best equity performers by three catagories (value, growth,
and value + growth).
The above operations all assume access to a database that allows you
to query using the very specific criteria you list (i.e.: "less than 5
billion client assets," "requirement of one million minimum to sign
on," "best equity performers by three categories," "ten/twenty year
period," etc.). There isn't a free database that allows this. There
isn't a central list somewhere that has all of these specific
criteria. Unfortunately, we don't have special access to a database
that can provide this.
There is, however, a database available for $295 which would enable
you to search via these very specific criteria. The best I can offer
you at this time is to provide you with a link to this and another
database (feel free to reduce the price of your question to 50 dollars
if you're interested in this), or answer your questions with reduced
criteria constraints.
Thanks,
jbf777
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Clarification of Question by
mcsquared2-ga
on
17 Mar 2004 19:03 PST
jbf:
What is reduced criteria? Please be specific.
Thank you.
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Request for Question Clarification by
jbf777-ga
on
17 Mar 2004 20:08 PST
Basically, the only criteria that would be excluded, in terms of
identifying the top five, would be account minimum.
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Clarification of Question by
mcsquared2-ga
on
18 Mar 2004 04:28 PST
Your offer is unacceptable.
Thank you.
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