The August Investment Planning Knowledge Circle will be held on Tuesday, August 23rd at 3 pm ET.
Guest speaker Phil Kosmala will be presenting, "Asset Allocation: Portfolio Construction in a Low Yield Economy."
The Federal Reserve’s use of Zero Interest Rate Policy distorted risk premiums across an array of asset classes. The attendant compression of global yields is forcing investment advisors to assume additional levels of risk in order to meet client return objectives. Phil Kosmala will discuss the repercussions for asset allocators and introduce alternative methods to help clients achieve their return objectives while mitigating risk through diversification and non-correlated assets.
Phillip J. Kosmala CFA, Co-Founder of Taiber Kosmala & Associates, LLC has been in the investment consulting industry for over 15 years. Prior to establishing the firm, he worked at Lowery Asset Consulting, acting in several leadership, research, and consulting capacities Phil and his team had the responsibility of advising a national client base of endowments, foundations, plan sponsors, and affluent families. Additionally, he headed the firm’s manager research efforts and chaired the firm’s investment committee charged with capital markets research, tactical asset allocation, and manager research & diligence.
Prior to that, Phil held senior research and investment consulting roles at DiMeo Schneider & Associates, LLC. Here he was acting Chairman of the Investment Committee and Manager Research Director. In the early 1990’s Phil spent four years with Securities and Exchange Commission (SEC) as an auditor of money management firms and registered investment advisors, which made for a natural extension into future manager research & diligence and chief compliance officer roles.
Phil has been quoted in various national media publications and has made several appearances at various industry conferences throughout his career. He holds a bachelor’s degree in finance from DePaul University, has been awarded the CFA designation, and is a member of the CFA Institute & CFA Society of Chicago.