Chief Operating Officer | Chief Investment Officer
Charles ("Chuck") Self is Chief Operating Officer and Chief Investment Officer of iSectors® LLC, a $187M AUA investment management RIA based in Appleton, Wisconsin as well as Chief Investment Officer with Sumnicht & Associates, LLC, a $267M fee-only financial planning/wealth management RIA also based in Appleton.
With over 30 years of experience in the investment management industry, Chuck's background is diverse. The early portion of his career focused on managing multi-billion dollar fixed income portfolios for such firms as ABN AMRO and Prudential. Most recently, he has been involved in portfolio management as the CIO for the Teachers’ Retirement System of Illinois and marketing of alternative investments.
Chuck has also held an industry securities registration and is subject to SEC oversight. With a cross section of experience and talent regarding portfolio management and working with advisor clients, Chuck is well suited for iSectors®' future objectives. He is currently focused on research, strategic marketing, and advisor relationships as he anticipates the industry to continue to shift towards low cost, transparent and liquid outsourced investment solutions. With an overarching objective is to enhance iSectors position in the marketplace to capitalize on this transition, you will continue to see Chuck’s contributing commentaries to various media outlets including Fox Business News, Bloomberg Radio, Wall Street Journal, among others. Chuck holds a BSB in Accounting from University of Minnesota – Carlson School of Management and a MBA, Statistics and Finance from The University of Chicago – Booth School of Business.
Known for his ability to architect an accelerated revenue topline, as well as for his government regulation expertise with financial services organizations, he has repeatedly been recruited by investment management organizations to grow assets under management and upgrade investment strategy and processes. Chuck has created new products for these organizations including SEC-registered and offshore mutual funds, and implemented regulatory compliance procedures. Career has been a blend of 20 years focused on fixed income investment processes, followed by ten years concentrated on sales, marketing and product management of alternative investment strategies.
MBA, Statistics and Finance, University of Chicago Booth School of Business
BSB, Accounting, University of Minnesota Carlson School of Management
Assets Under Management:
Important Disclosure Information
iSectors® is a series of proprietary asset allocation models and services. iSectors, LLC is an affiliate of Sumnicht & Associates, LLC (Sumnicht) and, as such, iSectors and Sumnicht share certain employees’ services. Sumnicht is an SEC registered investment adviser located in Appleton, Wisconsin. iSectors became a separate Registered Investment Advisor in August, 2008. iSectors is a registered trademark of Sumnicht Holdings, LLC.
iSectors is an SEC-registered investment adviser located in Appleton, Wisconsin. iSectors and its representatives are in compliance with the current registration filing requirements imposed upon state registered investment advisers. Should iSectors transact any investment advisory business, iSectors may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. (NOTE: iSectors does not provide investment recommendations directly to individual retail clients. iSectors sole business is developing and licensing its intellectual property (asset allocation models) and providing discretionary model management services to retirement plans.) iSectors’ web site is limited to the dissemination of general information pertaining to its asset allocation models. Accordingly, the publication of iSectors’ web site on the Internet should not be construed by any consumer and/or prospective client as iSectors’ solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of iSectors please contact the SEC or the state securities law administrators for those states in which iSectors maintains a notice filing. A copy of iSectors current written disclosure statement, Form ADV Part 2 Brochure and Part 2B Brochure Supplement, discussing iSectors business operations, services, and fees is available from iSectors upon written request. iSectors does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to iSectors web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
Different types of investments and/or investment strategies involve varying levels of risk, and there can be no assurance that any specific investment or investment strategy will be either suitable or profitable for a client’s or prospective client’s portfolio. Asset allocation and diversification concepts do not ensure a profit nor protect against loss in a declining market.
Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance will be profitable, or be equal either to the performance results reflected or any corresponding historical index.
The performance results presented reflect actual composite results that assume the reinvestment of dividends and other account earnings and do not reflect the impact of taxes.
For reasons including platform provider and custodian utilized, as well as variances in portfolio account holdings, market fluctuation, the date on which a client engaged iSectors’ services, regular model rebalancing and/or updates, and timing of account contributions and withdrawals, the underlying fees of a specific client’s account may vary from these estimates. iSectors investment allocation models are only available through registered investment advisors, who will charge an additional fee for their advisory services. For information about the fees that pertain to your account, please check with your advisor.
iSectors models are based on index ETFs that can neither outperform nor underperform their index and actively managed ETFs and mutual funds that may outperform or underperform their benchmarks. We provide benchmark indexes that are well-known; indexes provided for comparison purposes only.
This information is marketed to investment professionals. iSectors®, LLC has managed these 14 allocations since the firm’s inception in 2008. Previously, Sumnicht & Associates, LLC (Sumnicht), an affiliated company, managed the allocations. Sumnicht is a provider of investment management services for institutional, family office and individual clients. Sumnicht claims compliance with the Global Investment Performance Standards (GIPS®). Sumnicht claims that the allocations are GIPS compliant since each allocation’s respective inception dates and have been GIPS verified from 1/1/2008 to 12/31/2015, as of the verification date of 7/12/2016. The allocation composites include both institutional and individual client accounts whereby iSectors has sole portfolio discretion with investment objectives matching that of each specific allocation. Performance in this publication is shown in US dollars, gross of fees, including the reinvestment of dividends and do not reflect the impact of taxes. Returns will be reduced by investment manager, platform, custodial, trading and advisory fees, costs, and expenses, if and as applicable. Past performance is not indicative of future results. To obtain a compliant presentation and a list and description of the firm’s composites, please contact Chuck Self at (920) 257-5168 or email@example.com.
Certain portions of iSectors web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, iSectors (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from an investment professional. iSectors is neither an attorney nor accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice. Correspondingly, each client and prospective client agrees, as a condition precedent to his/her/its access to iSectors web site, to release and hold harmless iSectors, its officers, directors, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice.
iSectors: The New Era of Investment Management
Congratulations on the money you have saved! If there is no debt on the rental homes, you have a great basket of assets amassed. I do not know your current income and spending habits, but your potential largest problem in life longevity.
We can be systematic about answering your question from a longevity standpoint. If you are a heterosexual couple, there is a 50% chance that one of you will be alive at age 90 and a 20% chance that one of you will be living at age 95 (The percentages would be lower for a homosexual male couple and higher for a homosexual female couple.) Thus, you have to plan for at least another 30 years. Over every 30 year period since 1912 (which includes many peiods encompassing the Great Depression), the range of average annual returns is 4% to 9%. Since it is risky to try to get 4%+ from bonds in the current environment, you should own stocks to the extent that you can stand a potential 50% drop in the stock market such as we saw in the 2007 to 2009 bear market. If you believe you would be tempted to sell out of all stocks if the market dropped greater than 33%, you should own 66% stocks and 34% bonds. Most importantly, you need to stay invested in your stock holdings through thick or thin.
There are investment mangers that offer strategies that attempt to minimize downside risk while participating in much of the upside movement. With those type of strategies, it is likely you can have more invested in stocks at any level of risk tolerance than in a vanilla index fund.
The telecommunication sector is defensive. Their stocks tend to outperform in recessions. Certainly, there has been more cyclical aspects to the sectors. They have to spend more money to keep their networks updated and there is more competition. But the use of their network is growing secularly and does not decline significantly in market slowdowns.
Assuming you are in your 20s, you are probably fine. At this point, you can experience the volatility of the equity market without concern since you will not be able to withdraw funds from the account without penalty for the next 30+ years. And stocks give you the best returns for the long run. If you wish to diversify, you may want to put 20% or so in a commodities fund. Commodities have had no correlation with stocks over time and could give you extra return when stocks are not doing well.
Congratulations on beginning to save for your retirement! Since stocks rise over the long-run, outperforms cash, and no one can consistently time the market, you should do the following:
- Contribute the most you can as early in the year you can
- Allow the program to invest it right away
You should make the 2016 tax contribution, if you haven't done so, to increase your chances of ultimately reaching your retirement goals.
Would you buy the stock today? If not, it is better to take the loss and move on. You could sell the stock and wait 31 days to buy it back so you can incur the loss, but get back into the position if you think it has long term potential.
More importantly, you may wish to revisit your risk management practices. One of the most important Wall Street adages is "Cut your losses short and let your winners run." Whenever you buy a security, you should have a level at which you will sell no matter what happens. This gives you 31 days to reevaluate the reasons for buying the security. If after that period in time you feel it is attractive, you may wish to re-buy the security.