ALPFA Boston’s event entitled “The Psychology of Investing” will provide attendees the knowledge and increased awareness to make more effective investment decisions that are free from bias and irrationality. Focusing on practical examples from behavioral finance concepts, the speakers will discuss common cultural traits that influence our investment decisions, helping us understand the underlying principles that cloud our judgment, clearing the way for a more rewarding investment experience.
Behavioral Finance is the study of the biases behind investor’s behavior in the financial markets. These biases can lead to irrational investment decisions, which can cause bubbles and panic in the financial markets. As Latinos, there are behavioral traits in our culture that influence our investment’s performance. Understanding these behavioral traits can improve our financial health. This event will consist of a panel discussion that will educate the panel on how behavioral finance applies to the Latino culture and how we can use it to improve our investment’s performance and reach our financial goals.
ALPFA Boston will present a panel of industry experts who will help us increase our awareness when it comes to making rational investment decisions, as well as helping us understand our biases and assumptions better, so that we understand the full scope of our choices and can adhere to an effective investment strategy. Utilizing practical examples from everyday life, our speaker panel will discuss common unconscious cultural traits that have negative effects on our investments and how to make better decisions when the markets turn awry or when facing unexpected challenges.
· Demonstrate how behavioral finance applies to Latinos through unique cultural traits
· Discuss the role of emotion, intuition and cultural behaviors in investment decision making
· Educate on how to identify the impact and underlying nature of our investment decisions
· Provide knowledge on how to use behavioral finance to develop a sound investment strategy
Date: Tuesday, October 10th, 2017
Time: 5:30 - 8:30 p.m.
Location: Bank of New York Mellon, 1 Boston Place, Boston, MA 02108
Alex Edelman, CIMA - Senior Product Specialist, Private Wealth Management
Alex Edelman is a senior product specialist with the Structured Equity Group at Columbia Threadneedle Investments. Mr. Edelman leads our behavioral finance initiatives. He has completed a behavioral finance certificate program at Duke University and has over 20 years of research experience on the subject. He regularly presents on the topic around the country. Mr. Edelman’s previous roles at the firm include vice president of investment strategy and, more recently, vice president of platform distribution where he managed relationships with platform analysts and gatekeepers. He joined one of the Columbia Threadneedle Investments legacy firms in 2003.
Previously, he was an investment marketing manager with Allmerica Financial where he drove fund analysis and product positioning and wrote a monthly investment newsletter. He has been a member of the investment community since 1985.
Mr. Edelman received a B.B.A. in finance from the University of Massachusetts, Amherst. He is a member of the Investment Management Consultant Association and holds a Certified Investment Management Analyst® designation.
Moderator: Seth Buks, CIMA- Regional Vice President, Private Wealth Management
Seth Buks is an investment consultant in the private wealth management division for Columbia Threadneedle Investments,* covering the Northeast U.S. region. Mr. Buks joined one of the Columbia Threadneedle Investments legacy firms in 2007.
Previously, Mr. Buks was a financial adviser at Northwestern Mutual and assistant director of security services for the Boston Red Sox. He has been a member of the investment community since 2007.
Mr. Buks received a B.S. in international business from Northeastern University and currently holds Series 7 and 66 registrations with FINRA as well as the Certified Investment Management Analyst® designation.
Philip Palanza- AVP, Senior Research Analyst, State Street
Phil is a Senior Research Analyst at State Street’s Center for Applied Research (CAR). He co-authored CAR’s most recent paper Discovering Phi: Motivation as the Hidden Variable of Performance.
Phil joined CAR from the Boston-based research firm Cerulli Associates, where he focused on institutional asset management. He contributed to research on topics such as market sizing, asset allocation, strategy, and product design. Prior to working in financial research, Phil served in state government as a staff director and contributed to health policy research on ACA implementation, Medicaid delivery models, and OPEB reform.
Phil holds degrees in economics and French from Wake Forest University. He is currently completing a M.S. in applied economics at Boston College.
Daliza Nova - Senior Client Associate, Wells Fargo Private Bank
Daliza Nova is a Senior Client Associate located in the Boston, MA Wells Fargo Private Bank office. Daliza’s responsibilities include supporting a team of specialists who work with clients to strategize and implement comprehensive wealth plans that help them accomplish their goals – whether those are planning, credit and/or investments.
Prior to joining Wells Fargo in 2015, Daliza worked at TD Bank’s Private Client Group for 4 years, where she was a Client Associate on the Relationship Management team in charge of client experience and deliverables.
Daliza earned a Bachelor of Arts in Economics from Hampshire College in Amherst, MA. Her thesis work was on the Economics of Public Housing; the re-generational cycle of continued public assistance and how poverty makes financial decisions harder. She sits on the board of Action for Boston Community Development (ABCD), a non-profit human services organization that provides low income residents in the Greater Boston region with the tools and resources needed to transition from poverty to stability, and from stability to success.