Jason Self

CFA, CFP
Personal Finance, Retirement, Investing
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“Jason W. Self, CFA, CFP® is a wealth manager and founder of Resonance Financial. He provides fee-only financial planning and asset management to clients around the country.”
Firm:

Resonance Financial

Job Title:

Founder & Wealth Manager

Biography:

Jason W. Self, CFA, CFP®  has 15 years of experience in private wealth management as a high net worth portfolio manager. Jason’s background includes co-managing the investment models for the Wells Managed Portfolio Group. In this role, he was responsible for the strategic and tactical asset allocation as well as investment selection of billions of dollars in assets. He has experience as an equity research analyst covering the semiconductor industry.  He has an affinity for technology and previously worked as an associate product engineer in the advanced vehicle systems division of Motorola Semiconductor.

Jason prides himself on his ability to relate to a wide range of client backgrounds and personalities. He believes that every client is unique and that it takes skill and experience to help ensure that investments are properly matched to each particular client. His clients have included Nobel laureate scientists, university presidents, and other world-renowned academics. Jason’s personal background is more modest. His father was a pipe fitter literally born on the family ranch and his mother was an elementary school teacher. This wide range of experiences helps Jason relate to people with many different backgrounds.

Before founding Resonance Financial, Jason spent 7 years as a senior portfolio manager for TIAA-CREF Trust Company covering the southwestern United States. His private wealth management experience includes high net worth, ultra-high net worth, foundations, profit sharing plans, and executive compensation plans. He personally managed over $400 million in assets for his clients while maintaining a very high retention rate. He was also a portfolio manager for 6 years with Wells Fargo with over $300 million in AUM.

Jason is a magna cum laude graduate of Texas State University with a degree in Finance. He is a Chartered Financial Analyst charter holder and a Certified Financial Planner™ professional. He is a member of the CFA Austin Society, CFA Institute, and the National Association of Personal Financial Advisors. Jason has been rated as a 5-star advisor by Paladin Research.

Education:

BBA, Finance, Texas State University

Assets Under Management:

$30 million

Fee Structure:

Asset-Based

CRD Number:

6321372

All Answers
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Most Helpful
    Asset Allocation, Stocks
Is 2016 a good time to be allocating more of my portfolio to stocks?
91% of people found this answer helpful

That's not really a question that can be specifically answered as more information is needed about your current investments, risk profile, required return, time horizon, and other factors. However, in general, I think investors should be cautious of increasing equities at their current level. There are several factors that drive the market. These include: valuation, global macro economy, trend, sentiment, the Fed, credit conditions, earnings expectations, and other economic factors.  

I consider most of these factors to currently be slightly positive, which is supportive of the overall equity market. The metrics I use for valuation, however, show the market to be fairly overvalued at the current level.  I also do not feel that earnings will grow sufficiently to justify this valuation. This should act as cap on the overall market as I do not believe that we will get to extreme valuations. I have asset allocation ranges for my clients and actively target specific allocations depending on my tactical outlook. I only see upside in the equity market of around 5% to 7% on the S&P 500 with downside of three times that much over the next 12 months. Consequently, I am currently neutral on equities as a whole and would not be increasing them in general.

Not all equities have the same outlook. I also tactically overweight or underweight certain classes as my research determines. For instance, I would underweight small cap relative to large cap at this time. I have also been adding more to value over growth. My firm has been significantly underweight foreign developed and emerging markets, but we are selectively increasing them at this time.

In summary, the actual answer depends on your specific situation. In general, the risk to reward ratio may not support increasing equities at this time. You might further consider taking a look at the sub asset classes to see if they are in need of adjustment even if you maintain the same equity weighting.

June 2016
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How do I become an investment banking analyst?
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June 2016
    Career / Compensation, Choosing an Advisor, Starting Out
What are the differences between a Chartered Financial Analyst (CFA) and a Certified Financial Planner (CFP)?
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June 2016
    401(k), Choosing an Advisor, IRAs
Can an SEC licensed broker-dealer transfer your 401k account into an IRA without your permission?
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