CEO & Founder
Todd Sensing started FamilyVest because he wanted to draw on his more than two decades of financial and investment experience for the benefit of families. A father of two special needs children himself, he understands how much planning goes into taking care of a family, particularly those with special needs children. He finds it gratifying to help families achieve peace of mind in knowing that they are prepared to provide for their loved ones.
Before founding FamilyVest, Todd spent 20 years in the banking and financial industry, including with Bear Stearns, Donaldson, Lufkin, & Jenrette, and FHLBank Atlanta. Shortly before the mortgage crisis of 2007, he started Aardvark Market Neutral Fund, a long-short REIT fund and successfully steered his clients through the economy’s turmoil.
Despite his career success, Todd believed his work could be more fulfilling if he applied his expertise to helping families, especially those with special needs. Since founding FamilyVest, he has discovered that his greatest moments come when working with a family that believes a financial planner would be of little benefit or cost too much. As they see just how Todd can help them achieve their goals and dreams, he finds the transformation of their doubts into optimism truly gratifying.
BS, Economics, Georgia State university
MBA, Finance, Georgia State University
Assets Under Management:
Retainer or Project Fee Only+
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Trade Talks Interview #2
Yes, you should be able to find an investment advisor to review this plan. I've done this in the past and usually charge an hourly fee based on the complexity. Look for a fee-only fiduciary to find the most unbiased opinion. They are bound by law to serve your best interests and not to just advise you on "suitable" investments. Your current advisor may or may not be held to this standard.
I managed a REIT Hedge Fund for close to ten years before starting FamilyVest, and I think that REITs can be a great diversifier to your portfolio and may help the performance of your portfolio as a whole. However, I do not have enough information to give you specific guidance on this except to state that I would not focus on their dividend yields, FFO Yields, or AFFO yields. Instead, focus on Balance Sheet risk, location, sector, and NAV that is marked to the market. What is their leverage ratio and how has this impacted performance?
- How is the debt structured? (Maturities, Recourse, unfunded development, etc..)
- Where are they located and what sector? (Malls, Office, Health, etc.)
- What value has management added over time and how general is corporate governance?
- Leverage ratios (EBITDA/Cap Rate, Market-to-market + preferreds/ Current Assets)
If you are only adding a few names to your portfolio, you may be better off indexing.
There is much more of a real answer to this problem than can be discussed here, at least for me. I would need more information as $500,000 is a rather tidy sum even if you are not living on the income. I would find advice from someone without a conflict in the decision you make. A fee-only insurance advisor may be your best solution. Best of luck.
Great Question! Here is a list of some of my favorite books:
Expected Returns - Ilmanen
Asset Management: A systematic approach to factor investing - Ang
The Analysis and Use of Financial Statements - White, Sondhi, Fried
Evidence-Based Technical Analysis - Aronson
The Drunkard's Walk: How Randomness Rules our Lives - Mlodinow
Trading & Exchanges: Market Microstructure for Practitioners - Harris
Financial Shenanigans - Schilit
Discovering Statistics Using R - Field - Miles - Field
The Behavior Gap - Richards
Fooled By Randomness, The Black Swan, AntiFragile - Taleb
The Intelligent Investor - Graham - Security Analysis - Graham & Dodd
When Genius Failed - Lowenstein
Thinking Fast & Slow - Kahneman
I would also recommend buying the curriculum for the CFA Charter. Start with level one. The upside is you could sit for the exam and at least have something tangible to show for your effort.
This is just the tip of the iceberg. Unless you love statistics, accounting, and programming, I would just focus on what you love and invest in broadly diversified low expense equities funds or ETFs now and develop a more diversified asset allocation over time. I wish I could boil all of this down into one or two books, but unfortunately, the markets just do not work that way. When you're done with these, let me know and I can send you round two.
It sounds like you are off to a great start! There are plenty of planners who would speak with you on an hourly consult basis. You can find many on the XY planning network. If you are looking for specific advice on investments, you may want to seek the opinion of a Chartered Financial Analyst. Finding a project specific advisor may be your best bet, and you can discuss your needs in greater detail. Feel free to check me out on Linkedin.