Broker Check

BWA Moderate Portfolio

 (*Leo White via ZOOM*)

BWA Moderate portfolio update as of June 2020.

Compliance approval: 1-05021248


We added 5% to "Alternative" investments in our Conservative and Moderate Conservative portfolios on 3/31/2020.  Our Goal was to provide income to our portfolios.  The due diligence on these investments started in March of 2018.  We completed all of the client paperwork from 5/2019 to 12/2019 (*Remember lots of paperwork and DocuSign emails) so that we could add these investments into 3 of our discretionary portfolios.

We added 5% of these investments to our Moderate portfolio as of 4/9/2020.  We plan to bump these investments to 10% within the month.  Call it a "work in process".  Please call if you have any questions as we are very limited in what we can put here on our webpage as these are complex products.  The video below gives our clients a general overview.  Please call Amy at 781-772-2470 or 401-383-1500 if you would like to schedule a 15 minute call to review how these products work.

Want to learn about Buffered Notes?

**Click here to learn more.**

LPL Tracking #1-602642

Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. The strategies employed in the management of alternative investments may accelerate the velocity of potential losses.

Compliance 1-982230


 (**Special Guest via ZOOM**)

BWA Moderate update for April 2020.

Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. The strategies employed in the management of alternative investments may accelerate the velocity of potential losses.

Compliance approval: 1-981232


Our Most recent Allocations, Risk Numbers and Reports:


Pie Chart Allocation Jan 2020

Riskalyze BWA Moderate Jan 2020 rebalance

MorningStar report for the BWA Moderate Portfolio Jan 2020

Fi360 Fiduciary report on the BWA Moderate Model Jan 2020

*RSIGX has a yellow 10 year number #51 of 309 - we were not invested in this fund back then and it has different managers who have been doing great 1, 3 & 5 years*




BWA Moderate Portfolio video update for January 2020.

Compliance approval: 1-949575


“All references to “portfolios” refer to our client portfolio strategies.”

Compliance approval: 1-920186 (11/26/2019)




Moderate Portfolio Update as of May 2019:

Compliance approval 1-858530 6/4/2019

BWA Moderate Heat Map (*Click here for larger image/To print)

Moderate Portfolio Stress Test click here to open/print a larger image


May 2019 update:  Risk Number = 30

BWA Moderate Riskalyze report May 29 2019

BWA Large Moderate_05.30.19 Fi360 report

BWA Moderate Morningstar report 5.2019 

(*Note there is only one 3 star fund Short Dur High Yield which does not have correct index) and we are OK with the fund)


March 2019 updates:  Risk Number = 39.

BWA Moderate Portfolio Riskalyze - March 18 2019

Fi360 BWA Moderate_03.15.19

BWA Moderate Morningstar report as of March 2019


Moderate Portfolio Update as of November 2018:

Compliance approval 1-788001 12/17/2018 

There is no guarantee that a diversified portfolio will enhance overall returns or out perform a non-diversified portfolio.  Asset allocation and diversification strategies do not protect against market risk, ensure a profit or protect against a loss.

November 2018 updates: Risk Number = 43.

In the moderate model we sold all of the Voya Intermediate Bond (ticker symbol IICIX) and with that allocation purchased two defined maturity exchange traded funds by allocating 50% to Invesco BulletShares 2019 High Yield Bond (ticker symbol BSJJ) and 50% to Invesco Bullet Shares 2020 Corp Bond (ticker symbol BSCK).  Rationale - was to stabilize this fixed income allocation with the goal to attempt to earn a yield to worst (YTW) of over 3% between the two holdings instead of potentially losing NAV on our core bond mutual fund holding based on expected continued interest rate hikes. As in the moderate aggressive model we also replaced Goldman Sachs Global Income (ticker symbol GBIRX) with Hartford World Bond (ticker symbol HWDIX) based on rationale of expected better risk adjusted performance. In order to further diversify this model we lowered our over weighting of short duration bonds and added a real estate income allocation with the purchase of Fidelity Advisor Real Estate Income (ticker symbol FRIRX).  

Moderate Portfolio Fi360 10.24.18

BWA Large Moderate Mstar 11.2.2018

BWA Small Moderate 11.2.2018

BWA Moderate Portfolio Riskalyze Report Nov 2018


9/18/2018 changes

We replaced Goldman Sachs Global Income with Hartford World Bond fund.  Rationale – Goldman Global Income is under performing YTD and over a 1yr period vs Hartford while taking on a similar amount of risk.  The duration on Goldman is higher than Hartford World Bond so it is more sensitive to rising interest rates.

5/2018 rebalance

Moderate Model - on the equity side we replaced our core ETF holding Vanguard S&P 500 (symbol VOO) with an enhanced ETF Victory Capital Shares US 500 Volatility weighted (symbol CFA). We adjusted this allocation because of our preference to the enhanced strategy of CFA which applies an earnings component to it's stock selection vs the market inefficiency of VOO. In this model we also added two options based strategies by adding First Investors Hedged Equity (symbol FHEKX) along with Swan Defined Risk (symbol SDRIX). Both of these holdings have a permanent option strategy as part of the portfolio which is designed to provide some downside protection in the case of a market correction. 

For our bond allocations in anticipation of a continual unstable interest rate environment we did underweight our allocation to both global and intermediate term bonds while we overweighted our allocation to shorter duration US bonds by purchasing both Prudential Floating Rate Income (symbol FRFZX) and Lord Abbett Short Duration Income (symbol LLDYX). We believe that these allocations will help to properly diversify our bond holdings with the expectation of also improving the overall total return.
 

Moderate Model changes May 2018 *Click here to listen ~1min 20 seconds*

New Technology:

Compliance approval 1-806711 1/3/2019