Dan Stewart

CFA®
Personal Finance, Retirement, Investing
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“With 24 years of experience in the financial services industry, Daniel Stewart helps his clients achieve their investment goals by providing actionable, non-biased research and advisory services.”
Firm:

Revere Asset Management

Job Title:

President & CIO

Biography:

Have our short Daily Market Video http://noramassetmanagement.com/newsletter/ sent directly to your inbox.  I promise we will not spam or solicit you in any way.  It is for educational purposes & my two collegues - Chief Strategist Tim Reazor and Portfolio Manager Don Vandenbord - alternate sharing our research.

Daniel Stewart is President & CIO of Revere Asset Management and has been providing financial services and portfolio management for over twenty years.  Revere Asset is a Fee Based RIA which Always Acts as a Fiduciary in the Best Interest of its Clients.  Prior to joining Revere Asset Management, Dan advised on investment portfolios exceeding $200M. He is also well versed in comprehensive planning including corporate, individual, and estate planning.

Dan joined the NorAm Capital team in 2010 to create and manage their Private Wealth Management firm. This eventually led Dan to buy the business and rename it Revere Asset Management. He graduated from The University of Texas at San Antonio with concentrations in Finance and Accounting. Dan has passed the CPA Examination on the first attempt and subsequently earned his CFA® Charter (Chartered Financial Analyst).

Dan, a native of San Antonio, Texas, is married with 3 children. Dan played NCAA tennis on a full scholarship at Vanderbilt University. He played professional tennis on the United States and European circuit and was then the Head Tennis Professional at both the Retama Polo & Tennis Club and Thousand Oaks Indoor/Outdoor Racquet Club, in San Antonio, Texas.  

Education:

Chartered Financial Analyst (CFA®), BBA in Accounting

Assets Under Management:

$38 million

Fee Structure:

Fee Based Only - Fiduciary with No Conflicts of Interest

CRD Number:

2649504

Insurance License:

#Yes Primarily Term

Disclaimer:

No information presented constitutes a recommendation by Revere Asset Management, to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities by Revere Asset Management. Revere Asset Management does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

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March 2017
    401(k), IRAs, Retirement Savings
February 2017
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    Mutual Funds
What is the difference between exchange-traded funds and mutual funds?
100% of people found this answer helpful

An exchange traded fund, or ETF, is very similar to a mutual fund for many practical purposes but has advantages that mutual funds do not.  Like a mutual fund, it can be a passive, broad indexed fund like an S&P 500 Fund, or it can be a sector fund.  Both can also be actively managed where they have more flexibility on individual asset selection.  Thus both can invest in indices, sectors, bonds, commodities, currencies, real estate, precious metals, or even be actively managed.  

The main difference is that ETFs trade during the day like a stock whereas a mutual fund can only be bought or sold at the net asset value, or NAV, at the end of the day.  Therefore, ETFs provide more flexibility because you don't have wait until the end of the day to make changes.  This may not be very important to a long term investor, but if a major event happens during the day, you are able to make adjustments. I prefer to keep all of my option open. This is crucial for a more tactical investor who wishes to better time his entry & exit points.  Most professional money managers rely on ETFs versus mutual funds (unless they are commissioned based).

Many ETFs are lower cost as well, even for the similar mutual fund strategy with the same brand name, but this also varies a great deal and can depend upon which class of mutual fund shares in which you invest.  Most funds can have multiple share classes so you must do your homework.  Stay away from loaded, commissioned A or B share funds, although they are much less common today.

Another big advantage ETFs have over mutual funds is that they are more tax efficient.  This is because you have no control over when a mutual fund pays a distribution of capital gains.  It doesn't matter when you bought the fund, it matters when the fund bought and sold the stock/bond within the fund.  So you could invest in a mutual fund and actually have a loss at year end based upon the NAV but incur a tax liability if in a taxable account.  With an ETF, it is when you buy and sell the ETF and are therefore in control.

At our shop, when we invest using a fund (versus individual securities), we almost always use ETFs exclusively for the reasons mentioned above.  The only time I would consider using a mutual fund is if I am investing in the manger of an actively managed fund in a specialized space.

I could dive deep into the minutia and nuances of the differences, but these are the highlights that most investors need to be aware of and research.

Hope this helps and best of luck, Dan Stewart CFA®

March 2018
    Retirement, Social Security, Investing, 401(k)
Should we sell our investments and move our money into cash accounts?
100% of people found this answer helpful
April 2018
    Retirement, IRAs, Taxes, Tax Deductions / Credits
What else should I be doing to prepare for retirement in addition to my current retirement accounts?
100% of people found this answer helpful
March 2018
    Estate Planning, Investing, IRAs, Real Estate, Taxes
To pay my inheritance tax, should I use money from the sale of my house or withdraw from my investment account?
100% of people found this answer helpful
April 2018
    Investing
How can I invest in gold?
100% of people found this answer helpful
January 2017