The Beige Book
August 24, 2018
Investor Series – Parent
September 24, 2018

Investor Series – People

This third installment starts us down the path of the qualitative side of our analysis. Remember back to the introduction that this process is a mixture of art and science. This is where the art comes in. This portion answers the questions surrounding who are the actual fund managers themselves? Do they have a strong team around them for support? When we look at who is managing the strategy and direction of the fund, we like to see things that paint the picture of competency and effective management. Statistics like how long they’ve been in the industry, how long they’ve been at the parent company (next week’s “P” hint hint), and how long they’ve been a fund manager form the basis of this section. What we like to see is consistency in the fund’s management team because if it’s a revolving door of managers coming and going, this can lead to negative effects on returns due to strategy that’s constantly changing. Strong manager tenure is generally seen as positive and it’s also generally seen as positive if the managers are groomed within the same firm before becoming part of the management team because of the advantage of having a view consistent with that of the parent. This is where the supporting cast comes in. A fund that has a “deep bench” is also seen as a plus because this means they have a lot of resources at their disposal. This isn’t crucial but, one of the more interesting supplementary questions in this section is does the fund manager invest in his or her own fund they manage? If they do it’s obviously seen as a positive for good reason because it means they’re putting their money where their mouth is… and to be frank, that’s probably how it should be too.

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.