MacroRisk Analytics makes Ph.D-grade economic insight almost RIA-friendly
Pricing, user experience and value look good, but still no integration with portfolio management systems
Related Moves
The RIA world's provacateur, Raj Udeshi, left Orion to go 'nuts,' bears no grudges after the Riskalyze assault, and reveals his one regret was taking too little risk
Now in Kern County, Calif. the HiddenLevers founder, 45, is growing pistachios for 'single-digit' returns and maintains a great relationship with Eric Clarke and Orion.
March 22, 2023 at 1:48 AM
Brad Shepard unexpectedly resigns from Orion Advisor Services after 10 months, and his chief strategy officer position will remain vacant, the company says
The Nashville, Tenn. executive came aboard to create a 'go-to-marketing strategy' for Brinker, HiddenLevers and legacy units but gave his notice this week.
January 7, 2022 at 11:40 PM
HiddenLevers
RIA Publication
Top Executive: Eric Clarke, CEO
MacroRisk Analytics
Tech: Other
Top Executive: G. Michael Phillips, Ph.D.
Elmer Rich III
This topic is a good one. The study and understanding of the scientific method and seeking an evidence/data-basis for RIA, and financial services, claims, beliefs, communications and behaviors would be a real improvement for all. It will take time.
It is important to remember that most financial services research and economics is largely post hoc analysis and descriptive not predictive. Economics, as a science, has a long way to go in adopting real evidence-based theories and experimental proof for explanations and predictions — as history proves.
Here is one of the challenges: “Asset management is another domain where skill is generally believed to be important, as evidenced by consumers paying billions of dollars annually in fees to money managers. Academic analysis, however, has generally found little evidence for skill in this domain as demonstrated by low rates of persistence in mutual fund returns (Carhart 1997, Bollen and Busse 2004) and evidence of inferior or superior performance only in the extreme tails of the mutual fund distribution (Fama and French 2010).” Steve Leavitt (Freakonomics author)
“The first principle is that you must not fool yourself—and you are the easiest person to fool. So you have to be very careful about that.” Feynman (physicist)
