About Jim Jeffery, CFA

Jim Jeffery, the founder and principal of Jeffery Asset Management has joined Procyon Partners as Managing Director where he will lead the non profit senior living effort. Jim is a Chartered Financial Analyst (CFA) with more than 20 years experience in the financial services industry. Have a question about your financial plan? ASK JIM
Author Archive | Jim Jeffery, CFA
byrds turn turn turn

Turn, Turn, Turn: Are Active and Passive Investment Styles Cyclical?

It is no secret that passive investing has made big inroads in snagging increased market share the past decade or so. The argument goes something like this: “Over the past umpteen years the “Average” manager has been unable to beat his or her benchmark, so why pay high fees for sub-par performance?” Sounds pretty simple, […]

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Recalculating a Rule of Thumb for Entrance Fee Pricing

As investment consultants, we do a lot of modeling to see how different portfolios might perform in different market environments.  Of course, these quantitative pursuits are balanced against our qualitative judgments regarding asset classes and their correlation to both other asset classes and the markets in general.  The usefulness of any model, however, is only […]

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Let’s Go to the Video Tape….How do Life Plan Communities Manage their Investments?

We at Solaris Advisors have guided the investment portfolios of many life plan communities and have long been proponents of an approach that balances portfolio risk with operational or enterprise risk. We work with databases that have financial statements of life planning communities to compare the operational statistics of LPC’s to their various asset allocation […]

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Balancing Risks

  Asset Allocation at Life Planning Communities can be a tricky exercise. Unlike a charitable foundation, the core mission of a life planning community involves running a business, with emphasis on financing, marketing, facility management and many other crucial functions. The enterprise risk that is at the core of most life planning communities is, in […]

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Connecting the Dots

              Financial Ratio Analysis, Asset Allocation & Marketing Financial ratios lie at the heart of many benchmarking studies in the CCRC industry and can be crucial elements with regard to strategic planning, financing and refinancing projects.  Are these ratios also germane to how senior living investments are allocated? We […]

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Eeny, Meeny, Miny, Moe

                Eeny, Meeny, Miny, Moe I recently had a prospective non-profit client share a few of the “decision points” his investment committee was concerned with in regard to their investment process. He said that the committee was debating whether they should hire a firm whose marketing focus was […]

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Some Perspective On Rates

            2016 has been a year of surprises. Following the Fed’s long awaited interest rate increase last December, many presumed that it would be the first of several over the coming year in a return to “normalcy”. However, the New Year was ushered in by an unanticipated currency decline in […]

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Do Elections Matter to the Markets?

According to this chart, which is encompassed in the comprehensive Solaris Quarterly Market Commentary, the markets (S&P 500) prefer a Democratic president with a Republican House & Senate. A Republican President with a split House & Senate is least favored. A Republican President with Republican House & Senate and any President with a Republican House […]

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A Fresh Look at Cash Management

  Significant changes are about to occur this October in the mundane business of cash management. Cash management, you say, what’s that! Interest rates are zero or thereabouts, right? Well, yes, but several developments are having an impact on short term yields of some investment vehicles. First of all, the Fed did actually raise rates […]

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A Few Thoughts on Brexit

                Let us add a few brief thoughts to the many comments that you have undoubtedly received regarding Brexit. Background Coming into last week investors were confident that the “Remain” vote would win and as a result, global equities and commodities rallied through Thursday. While a “Remain” vote […]

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