John Frye

CFA
Personal Finance, Retirement, Investing
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“With over 38 years of experience in the investment field, John Frye is Chief Investment Officer and a founder of Crane Asset Management LLC who oversees all aspects of Crane's investment and portfolio management process.”
Firm:

Crane Asset Management LLC

Job Title:

Chief Investment Officer

Biography:

Crane Asset Management LLC is a full-service investment counseling firm providing investment management services to private individuals, retirement plans, endowments, and charitable foundations. All accounts are managed on a discretionary basis. John Frye founded the firm in 2003, with a partner who remains Chief Operating Officer. They work with all of their clients to formulate a long-term investment strategy that will meet their investment objectives while addressing their risk profiles. Understanding their clients in this way enables them to develop unique plans based upon each of their clients’ needs to help them achieve their financial goals.

Before co-founding Crane Asset Management LLC, John served as Executive Vice President and Portfolio Manager at Renberg & Associates in Beverly Hills. He began his career with E. F. Hutton & Company in New York and subsequently worked with Alex. Brown & Sons in Baltimore. He received his Bachelor of Arts in Politics from Princeton University in 1977 and his M.B.A. from Columbia University Graduate School of Business. John holds the Chartered Financial Analyst® designation and is a member of the CFA Society of Los Angeles.

Education:

BA, Politics, Princeton University
MBA, Finance, Columbia Graduate School of Business

Assets Under Management:

$92 million

Fee Structure:

Asset-Based

CRD Number:

849182

Disclaimer:

Crane Asset Management is registered with the State of California. A copy of Crane's Form ADV filing (Parts 2A and 2B) can be accessed here. In addition, Crane's Form ADV (Part 1) can be downloaded from the SEC's website. (Type in Crane's name in the field provided and follow the instructions on the site to download the information required.)

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    Marriage / Divorce, Financial Planning, Asset Allocation
What concepts can I use to guide the allocation of assets in my portfolio?
100% of people found this answer helpful

I generally address this question by asking a client to provide their annual budget.  What will it cost you, per year, to live?  I don't mean just the basic food, shelter, utilities, taxes, etc.; I also ask for what you will spend on travel, entertainment, meals, hobbies, gifts and the other pleasures of life.  Then, add something for emergencies (a new car, a new roof, an accident or illness) knowing that those will not occur every year, but can be large when they do occur.

Then, take that number and subtract all income from all sources -- your Social Security (which you should possibly wait to take until you turn 67); your spouse's, if applicable; any other pension income or retirement assets.  The result is the amount you will need to take from your investments every year.  At this point your primary goal is to make sure that whatever happens in the capital markets, you will have enough to sustain you for the rest of your life.  There are general rules-of-thumb for this -- you probably can stay solvent over the long term by taking $60,000 or less per year, I would think -- but no hard-and-fast rule that applies to everyone.  Those of us responding to you don't know, for example, whether you might expect to receive an inheritance some time in the future; and you have not stated what other savings you have.  So that number could grow.

If you have any questions, feel free to get in touch. 

April 2018
    Mutual Funds, Stocks
If I plan to buy mutual fund shares when the stock market drops, what strategies should I consider?
100% of people found this answer helpful
April 2018
    Debt, Investing, 401(k), IRAs, Stocks
Should I pay off my credit card debt and student loan debt, or contribute the maximum amount to an HSA and Roth IRA, and contribute 10% to my 401(k)?
100% of people found this answer helpful
April 2018
    Debt, Estate Planning, Investing, Real Estate, Stocks
I’m 24 years old and I have $35,000 saved: should I stop investing in the stock market, and focus on saving more money? 
100% of people found this answer helpful
April 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