19 марта 2018 г.

Although most people heard about the term financial planning from an early age, not everyone starts planning it ahead of time. CFA Association Russia focused on this topic, inviting Ivan Belyaev, a board member of CFA Russia, and Michael Barry, a director of the financial planning firm AVC Advisory, to speak about the ins and outs of a successful financial planning strategy.

As per tradition, CFA Russia guests gathered in the early morning of March 16 at the Mazars Russia office.

Above: Ivan Belyaev, CFA, giving his presentation

The event began with Ivan Belyaev, CFA, who gave a short overview of private wealth management and the portfolio management in general. He then touched upon wealth levels around the world, in which Russians occupy a much lower position than their counterparts in the United States and Western Europe. In terms of wealth distribution per capita Russian figures are similar to those in Brazil, Ivan said before introducing the second speaker of the event, Michael Barry.

Having moved from the UK several years ago, Michael has found his place as a successful financial planning specialist in Russia. In his opinion, although people seem to know in theory that they should start saving money for their future, a few start doing it on time and using proper strategies.

“To be diversified, a portfolio must combine multiple ingredients that have low correlation with each other,” the speaker told.

Above: Michael Barry of AVC Advisory

During his presentation, Michael also suggested that successful investors should contribute between 10 and 15 percent of their annual income to future investments, rebalance their portfolios on a regular basis, understand that different asset classes take turns being a “star” performer, have reasonable expectations regarding their profits, and importantly be patient.

This was Michael’s first presentation at a CFA Russia event out of a few more planned in the future. Stay tuned for more to come.

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