The Chartered Financial Analysts Society gathered last Saturday, September 6,2019 as finance students from different universities and colleges across the country attends the Philippines Junior Finance and Investment Summit at the SMX Convention Center in Pasay City. It is part of their sustained commitment to empower the new generation of aspiring financial analyst and portfolio managers.
Andrew Stotz, President of CFA – Thailand shared the proper application of work ethics in finance industry and how to stand out among others. Stots stressed that the most important rule in this industry is ‘Client First.
’“Be loyal to your client and company, and you will receive more in return. Integrity must also be observed at all times,” he furthered.
When asked about the skills needed to be a research analyst, the panelists shared the following:
That one needs to be entrepreneurial as when investing is the same as buying shares of a company and resourceful in collecting data to produce valuable analysis; One has to be persistent in constantly calling and talking with the clients in order to win them; And more importantly, as investment leaders, one must be willing to identify potential ethical issues and create solutions to them even in the absence of clearly stated rules.
For his part, Larry Cao, Senior Director of industry research for CFA Institute, shared about recent developments in Artificial Intelligence and encourages young generations to learn skills that are applicable for the next 20 years, not the past 10 years.
They added that as fund managers, sizing up companies and knowing intrinsic value is essential, but knowing the demand of the stock price is something that everyone has to study in depth. It was also highlighted that one does not necessarily need a degree in finance or economics in order to become a fund or portfolio manager. They reasoned that while it does give an edge, it is as crucial that in every position given, one tries to explore and learn as much as possible about the industry.
The panel reminded the finance students the importance of developing a solid plan or strategy and to stick with it; keeping in mind to sell when the loss reaches a certain threshold even if he strongly believes in that trade. And that sometimes it becomes a matter of pride but the customers should always be the first priority, and that the end goal is to create more value in their investment.
September 11, 2019 3:16 pm