New Assignment: Value-Added Seminar on Advisor Practice Succession Strategies

We were recently asked by a leading global REIT firm to develop content for a value-added seminar on practice succession strategies to be used with financial advisor clients. This involved performing extensive research on the topic, drafting slides and accompanying talking points, and working with senior marketing and sales personnel to make appropriate edits.

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New Assignment: Business English as Second Language

We have recently been engaged by the Italy-based operation of a leading global investment manager. On an ongoing basis, we review and edit a wide range of periodic communications regarding the global economy and financial markets, with an eye toward an English-speaking institutional audience.

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Corporate History Successfully Concluded

One of our specialties is developing “long-form narrative” pieces. We were recently privileged to assist a highly regarded boutique investment management firm in the development of a corporate history, in celebration of the firm’s 40th anniversary. As part of this project, we conducted a site visit, interviewed the founder along with other key personnel, and reviewed a number of foundational documents. We then worked with the senior marketing officer to outline a narrative approach, produced a draft and incorporated feedback from reviewers before the piece went to design....

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Q1 2014 Markets in 350 Words (or so…)

The first quarter saw interest rates defy expectations by ending lower, while stocks generally finished flat-to-slightly-higher but only after a swoon. Entering 2014, the consensus appeared to be that U.S. Treasury rates were much more likely to rise than decline, given improved growth data and Federal Reserve plans to trim its bond purchases. However, rates would drift lower in January, as weaker data from China and the prospect of a stronger dollar as the Fed changes course combined to raise alarms over emerging markets. Over late January into the first part of February, stocks slid on...

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Talking About Interest Rate Risk: A Con-vexing Plain English Challenge

Bond fund communications inevitably involve discussions of interest rate risk and – to varying degrees – the accompanying concepts of maturity (easy to understand), duration (not quite as easy) and convexity (downright difficult). Here’s an attempt to put the relationship between these concepts into, if not Plain English, at least a somewhat digestible distillation. Maturity – If you are reading this, you already know that prices of fixed-income instruments generally move in the opposite direction of market interest rate levels – and that the length of time until a bond is scheduled to...

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Who’s Who in Shareholder Report Content Development

One of my old bosses would sometimes intone “Who’s who in the zoo?” on those not-infrequent occasions in corporate life when roles and responsibilities became less-than-well-defined. In tribute, what follows is a mercifully brief attempt to clarify the key, interdependent roles in the shareholder report production process– in particular, those of the Fund Administrator, Custodian, Fund Accountant and Transfer Agent as they relate to the development of the “objective” content (portfolio data, performance data and financial statements). Fund Administration: Oversees the Process,...

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