Investor Series – People
September 14, 2018
Youth on Course – 100 Hole Hike
October 5, 2018

Investor Series – Parent

The company overseeing a particular fund should also have certain characteristics that are appealing to investors. The “Parent” should have relative stability and attractive profitability. One of the questions posed in this segment is does this firm’s suite of funds provide strong returns and overall value to its investors? While it’s great if the fund being analyzed is doing well, it’s seen as much more appealing if across the board a firm’s fund offerings are outperforming peers. If they aren’t, a deeper dive into the details is needed. Some other areas looked at is how is technology incorporated? Has the firm run into legal or financial troubles? Does the company foster collaboration? What’s the overall personnel turnover? As mentioned in last week’s “P” (People), one of the interesting supplements is if managers invest in their own funds. Taken one step further, is looking at how they are incentivized to stick around and provide for that consistent management. For example, the company that oversees one of the fixed income funds we utilize has better aligned their managers’ incentives with those of fundholders recently. About 20% of its managers have at least $1 million invested in their own funds. This number is up from virtually zero as of five years ago and performance has ticked up across its full suite of offerings due to more consistent management tenure. The parent firm is qualitatively crucial because the philosophy for its management and staff starts here. A firm that has a grasp of what its identity is generally has a positive spillover effect into its funds… just as the opposite can pose negative externalities for fund performance.
Griffin Sheehy, Financial Analyst

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Mark Shone CFPMark Shone, CFP
President

Phone: 925.472.0874
Mobile: 925-209-3771
Fax: 925-472-0884
E-mail: mshone@shoneassetmgmt.com

Mark Shone, CFP®, founder of Shone Asset Management LLC, is responsible for all aspects of Financial Planning and Asset Management at Shone Asset Management and works directly with clients of the firm. He has been in the business since 1988 and founded the firm in 2005 as a fee only financial planning and asset management business. Prior to founding Shone Asset Management, he was a Managing Director and Neuberger Berman and Lehman Brothers. Mark has a degree in Finance from California State University, Sacramento, competed his certificate in taxation at UCLA and completed a course of study at the Wharton School.

Mark enjoys helping families and clients map out the financial life they want to create and helping them by making smart decisions over time. He has extensive experience speaking on and guiding clients through topics such as retirement planning, preparing for the cost of education, investment allocation strategies, estate planning topics, insurance and behavioral finance. He is committed to helping clients maximize their full wealth potential.

In his spare time Mark enjoys golfing, is an avid sports fan and is a drummer for the band Stagefrite which plays cover songs from the 80’s to today.

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Gail Markham

Director of Client Service

Gail has worked in the Financial Services industry since 1983; as a Bank Manager, and as an Investment Advisor as well as Compliance Manager for major Wall Street firms.  She is a graduate of the University of the Pacific.

Gail is a long time resident of the East Bay.  She lives in Walnut Creek with Will, her husband of 26 years.  She has two children, Jack & Kelly who are college students.

Gail enjoys golf, hiking, traveling, gardening, wine and college basketball.

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Griffin Daniel Sheehy

I came on board with Shone Asset Management in 2016 and as Financial Associate, I provide support in the areas of investment planning, financial planning, and portfolio management. I am a graduate of Cal Poly San Luis Obispo’s Orfalea College of Business where I earned a Bachelor of Science of Quantitative Economics concentrated in Financial Management. Post-graduation, I went straight to work for Waddell & Reed, which is a large advisory firm that specializes in financial and investment planning. I started there in an assistant-type role until earning my Series 7 and Series 66 licenses and at that time promptly transitioned into an Advisor Associate role. Having those licenses allowed me to not only engage in full support on the client servicing side, but in the financial and investment planning process as well. This is where I learned just how critical developing, implementing, and constantly reviewing a solid all around plan is to the success of one’s financial goals. While in college, I interned at Northwestern Mutual in Sacramento where I earned my Insurance License and was educated in the value of managing the risk of unforeseen events in life. I also interned at a small commodities market research firm based in Petaluma, California called Streetwise Reports.

I am married and in my free time I enjoy outdoor activities with my beautiful wife like taking beach trips and hiking. I also enjoy playing sports in local leagues for baseball and basketball.