Loring Ward Congratulates Professor Gene Fama
San Jose, CA (PRWEB) October 15, 2013 -- Loring Ward is pleased to congratulate University of Chicago Professor Eugene F. Fama, Sr. on being awarded the 2013 Nobel Prize in Economic Science for his ground-breaking work on the Efficient Market Hypothesis.
Fama’s research, which he began in the 1960s, demonstrated that stock prices are extremely difficult to predict in the short term, and that new information is very quickly incorporated into prices. This makes consistently outperforming markets extremely difficult.
Fama’s research helped fuel the creation of index funds and asset class funds as well as further studies on risk and return. Professor Fama’s work on stock prices and efficient markets—as well as the factors of risk— has been vital to the development of Loring Ward’s Asset Class Investing philosophy over the past 23 years.
“We’ve been lucky to work closely with Professor Fama, and he has helped guide our decision-making process and educate many of our financial advisor clients,” said Alex Potts, CEO of Loring Ward. “We adopted an Efficient Markets approach to portfolio construction at our firm’s inception in 1990. And our experience over the years has confirmed the soundness and practical wisdom of Fama’s research. I am personally and professionally delighted for Professor Fama, his family and for all the financial advisors and investors who have benefited from his research and insights.”
ABOUT LORING WARD
For more than two decades, Loring Ward (LWI Financial Inc.) has employed Asset Class Investing as the foundation of their comprehensive approach to help independent advisors become the most trusted and valued professional in their clients’ lives.
Headquartered in San Jose, California, Loring Ward passionately believes that advisors and their clients can benefit from the sophistication, truer asset class returns and lower costs that can come from adopting their strategic Asset Class Investing approach.
Loring Ward's approach to portfolio management means advisors have the opportunity to switch to a passive investing strategy instead of spending all their time focused on trying to outguess the market or pick the right managers. They can address what clients really want — a deeper, more meaningful relationship focused on their most important long-term financial goals.
As of October 2013, Loring Ward has $9.5 billion in assets under management. For more information, please visit http://www.loringward.com.
LWI Financial Inc. (“Loring Ward”) is an investment adviser registered with the Securities and Exchange Commission. Securities transactions are offered through its affiliate, Loring Ward Securities Inc., member FINRA/SIPC. R 13-362 (Exp. 10/15)
William Chettle, Loring Ward, +1 646-285-4783, [email protected]
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