The stock market continues to zigzag. The S&P 500, for instance, fell nearly 7% in May — making it the second-worst May since the ‘60s.
Given the many issues hanging over the market, ThinkAdvisor has gathered some winners of the Envestnet Asset Manager of the Year Awards to give their insights on how to best serve clients in the second half of 2019. These portfolio managers consistently deliver alpha while minimizing beta for advisors and their investor clients in changing market climates.
Frontier Asset Management, winner of the Strategist and Overall Asset Manager of the Year awards, aims to avoid “getting captured on the return side, which then lets the portfolio go anywhere … and can get clients into trouble by taking too much risk unknowingly,” according to Robert Miller, CFA.
Frontier Globally Diversified Strategies has outpaced its respective blended benchmarks 85% of the time, on average, over rolling three-year time periods. The portfolio team manages its strategies with a downside target — such as the balanced portfolio, which has a downside target of 10%.
The firm’s downside-first focus “is what’s really appealing to advisors,” Miller explains. “The biggest picture with advisors is helping their clients. If they’re in the right strategy and they stay in that strategy, they’ll be successful getting to their goals. It’s when they have to move strategies or they weren’t expecting the volatility … that clients get themselves into trouble.”