Ryan Radtke, CFA®, relationship manager and Jan Gundersen, CFA®, senior investment director for Capital Group, joined Julie Cooling, founder and CEO of RIA Channel, to discuss 2023 portfolio construction trends and how advisors can leverage RIA Insider™ for research, investment ideas and community.
In the first half of 2023, advisor assets were flowing into quality stocks, large-cap value and large-cap blend, which are common portfolio allocations when a recession is anticipated, while other advisors are taking a more risk-on approach by allocating to small caps and the technology sector, explains Gundersen. Additionally, investors are increasing their allocation to cash and money markets to earn the highest yield in years. Clients may be attracted to high-cash yields but should know that staying out of stocks for extended periods can reduce long-term returns, says Gundersen. In fixed income, advisors are increasing quality and lengthening duration, hoping that bonds will once again provide ballast in the portfolio.
RIAInsider.com is a site designed specifically for financial advisors, providing resources on everything from running their practices to investment ideas, strategies, market outlooks and quarterly reports on flow data. The site also facilitates a community of financial advisors. Advisors can work with a Capital Group portfolio consultant to discuss portfolio construction issues. After working with hundreds of advisors, Capital Group distributes reports detailing the portfolio construction of the average advisor. Advisors can benchmark their allocations relative to other advisors and industry-wide flow data.
For more insights on this topic:
Lessons from our review of 136 RIA portfolios in Q1 2023
Portfolio consulting & analytics
RIA regional relationship managers
Jan Gundersen
Senior Investment Director at Capital Group
Jan Gundersen is a senior investment director at Capital Group, home of American Funds, responsible for Wealth Solutions and Portfolio Construction Services. He has 24 years of investment industry experience and has been with Capital Group for seven years. Prior to joining Capital, Jan worked as a managing director of advice and investment strategy at TIAA. Before that, he was a senior vice president at Bank of America’s Merrill Lynch Wealth Management. He holds a master’s degree in oceanography from Texas A&M University and a bachelor’s degree in geology from Colgate University. He also holds the Chartered Financial Analyst® designation. Jan is based in Los Angeles.
Ryan Radtke
Relationship Manager at Capital Group
Ryan Radtke is a relationship manager at Capital Group. He has 10 years of industry experience, all with Capital Group. He holds a bachelor’s degree in psychology from The College of Wooster, where he graduated magna cum laude and Phi Beta Kappa. He also holds the Chartered Financial Analyst® designation. Ryan is based in Seattle.
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