His fund bought shares in online food delivery platform DoorDash for the "first time time ever" recently. Should I Hire a Financial Advisor or DIY It? . Founded in 2018 as an unbiased resource empowering consumers to research and compare financial advisory firms, investor.com today gives consumers the tools to make smart money decisions about credit, investing, retirement planning, and more. Our unique partnership structure and aligned investor base enable us to hold investments indefinitely. Private Fund ID: 805-4893836072. Terms of Use | Disclaimers | Privacy Policy. Why doesnt your firm use a secure website? During the U.S. Questions to ask What does this mean? December 2020 The notion of using an app or a . What does this mean and why is it important? What does this mean? Niles said he is looking to make money on the short side by going after the "big enterprise names" in tech, amid what he expects to be a sector slowdown as people cut back their consumption of internet-related services post-pandemic. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? The Satori Fund also holds several long positions, though Niles cautioned that these positions remain vulnerable in today's market. Questions to ask He earned the nickname Michael Jordan of Technology Stock Analysts in 2001 when he predicted that computer company Dell would miss earnings their first quarter in nearly a decade. . Leveraging this valuable experience, we provide strategic advice to help our investments grow and succeed. . What is Dan Niles net worth? -$393,048. to see more advanced email alert options such as selecting any type of Each month, investor.com downloads the latest regulatory data from the SEC IAPD database. As expected Niles' net worth reflects his talent for building wealth. THE INFORMATION CONTAINED HEREIN THEREFORE IS NOT INTENDED TO BE COMPLETE OR FINAL AND IS QUALIFIED IN ITS ENTIRETY BY THE OFFERING MEMORANDUM AND GOVERNING DOCUMENT FOR EACH FUND. All Rights Reserved. Our greatest strength is the ability to protect capital during times of extreme market stress and generate wealth over the course of market cycles. STP Investment Services (STP) is a capital markets focused service organization specializing in middle and back office investment operations outsourcing, fund services, reporting & data management, global development/support, and innovative software solutions for investment management firms. What does this mean and why is it important? FREE: Follow your stocks and cryptocurrencies with the most actionable alerts on the internet. For further detail, see our articles on different types of advisors and financial advisor services. SEC form, multiple filers or classes of filers, and much more.***. Options: Quick Stats Recent Performance Trophies Superlatives Graphs Obligatory disclaimer: All of our data is crawled from the web and our understanding is that all . The focus on green energy has helped drive EV sales as witnessed by the addition of Tesla to the S&P500. A Satori investment encompasses more than just capital. Sign-up December 2020 How many times did it occur? Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. "No long position exists in a vacuum and all long positions are likely to suffer in a further 25% drop in the S & P so they are paired with shorts. Offers may be subject to change without notice. tips_and_updates Financial advisor education. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Nov 8, 2021 3:00 AM EST. Formerly, Dan was a Managing Director at Neuberger Berman and CEO of Neuberger Berman Technology Management which focused on long and short equity investments in the technology sector. Sustainability is more than a department, an initiative, or a report. Cash is king With market volatility set to persist in the near-term, Niles believes it Is important for investors to closely monitor their portfolios. Satori is led by principals who have built and managed successful companies and multi-billion-dollar investment firms. Established in 2008, Satori Alpha is a Texas-based fund of hedge funds manager. July 2021 All rights reserved. Does your fim accept soft-dollar benefits? STPIP is a Pennsylvania limited liability corporation. All text and design is copyright 2020 WhaleWisdom.com. We're up for the year. By Senad Karaahmetovic. I would add strong Pharma/biotech players such as ABBV, MRK, NVS, RHHBY. In total, Satori Wealth Management manages $46.8 million in assets. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. How do these benefits affect the firms selection of a broker-dealer partner? For example, front-running is when a financial professional buys or sell securities ahead of their client. Entreprenuer, engineer, and hedge fund manager. The portfolio manager . During the U.S. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities. June 2012. View the latest funds and 13F holdings. Education: Boston University (BS in systems engineering), Stanford University (MS in electrical engineering). He said his fund was also up in December so far, but did not disclose . D/A 021-70353 21665125. This data is then run through our proprietary Trust Algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. Dan Niles, founder and senior portfolio manager for the Satori Fund, explains why even with rising inflation, now may be a good time for retail investors to hold more cash. In total, Satori Financial manages $34.9 million in assets. Private Fund Information as of 2019-03-31. info@satori-im.co.za. Investments in mutual funds involve risks. June 2020 STRRF | Complete Satori Resources Inc. stock news by MarketWatch. Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. What does this mean and why is this important? The SEC or CFTC has previously found the firm or an advisory affiliate responsible for having an investment-related business have its authorization to do business denied, suspended, or revoked. May 2018 Is your firm a broker-dealer or are you affiliated with one? Published Sun, Feb 5 20237:20 PM EST Updated Mon, Feb 6 20231:38 AM EST. Is your firm affiliated with a law firm in any capacity? By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Current performance may be lower or higher than performance data quoted. Weizhen Tan @weizent. What executives are saying, Individual investors are so bearish its a contrarian buy signal that should mean a 15% gain, RBC says. The investor.com website utilizes verified data from reputable sources, which includes the Securities and Exchange Commission (SEC); however, it can vary from time to time. Investing involves risk which may include the loss of principal. Before founding Satori Fund, Niles was a founding partner of the asset management firm Alpha One Capital Partners, LLC. Investor.com is your trustworthy guide to the world of personal finance. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Recent Performance email address below and choose 'Submit'. San Diego, CA 92122-4604. Hedge fund manager Dan Niles recommended that investors keep their powder dry headed into 2022, suggesting that cash might represent the best option given his dreary outlook for financial markets. Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. As a financial advisory firm, Satori Financial can provide a variety of financial planning services for Americans. What does this mean? Superlatives "We made money today. mentions in earnings calls skyrocket this season. Financial advisory firms charge fees in different ways, such as a percentage of your assets (aka AUM, or assets under management), an hourly fee, or a fee for a specific service. Each month, investor.com serves as a trusted resource to help thousands of Americans research and compare financial advisors. What does this mean? October 2022 BarclayHedge once listed Niles as one of the Top 10 Equity Long/Short performers. However, we still see many tailwinds for the sports betting space despite stock price performance this year. Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). Principles not rules guide actions, and the spirit of the agreement is more important than the letter of the agreement. Performance Awards. Track the AUM, funds, and holdings for Satori Capital LLC over time. April 2021 Short Term. We exist to create, fund, and inspire businesses that elevate humanity. Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. Hedge fund manager. Sign up for free newsletters and get more CNBC delivered to your inbox. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? What percentage of income does your firm receive from fees versus commissions? The Satori Funds are private investment products which file an exemption under 3-c-7 and 3-c-1 of the Investment Advisors Act of 1940, thereby . Niles is also bullish on several services-related stocks. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. What does this mean? Also, can you share past 3,5,7,10 years of top 5 results. Read through our introductory course to financial advisors. What does this mean and why is it important? Questions to ask Investor.com is your trustworthy guide to the world of personal finance. Will anyone that was involved be involved with my accounts in any capacity? Previously, Mr. Niles was a managing director at Neuberger Berman Inc. and the chief executive officer of Neuberger . Data is a real-time snapshot *Data is delayed at least 15 minutes. People may receive compensation for some links to products and services on this website. Invest WIth Us. MGA a few years ago was reportedly in discussions with Apple on helping them produce EV vehicles. , March 2023 It uses individual company fundamental analysis augmented by technical and macro-economic analysis to generate a portfolio of typically 20-40 positions. The investor.com website utilizes verified data from reputable sources, which includes the Securities and Exchange Commission (SEC); however, it can vary from time to time. , March 2023 More than 20% of the Satori Fund's portfolio is held in cash, according to Niles. Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. Trophies Would like to know the parameters that helps you qualify your top 5. The Satori Fund is a US focused, technology biased, large capitalization, long-short equity fund managed by Dan Niles. 2023 CNBC LLC. Dave Ellison is a portfolio manager at Hennessy Funds. What does this mean? At one point, this sector had the worst performance relative to the S&P in the history of the data back to the mid-1980s, which includes the global financial crisis and the tech bubble meltdown. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a felony. What is the historical performance of Satori Wealth Management? How a company behaves is more important than what the company produces. February 2023 What does this mean and why is it important? March 2020 Unlike HTTPS connections, HTTP connections are not encrypted. Financial advisory firms charge fees in different ways, such as a percentage of your assets (aka AUM, or assets under management), an hourly fee, or a fee for a specific service. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. March 2021 Our system has identified the following conflict alerts. A regulatory agency other than the SEC or CFTC has previously found the firm or an advisory affiliate responsible for having an investment-related business have its authorization to do business denied, suspended, or revoked. This data is then run through our proprietary Trust Algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. Should I Hire a Financial Advisor or DIY It? Dan is one of the most transparent managers in the industry and someone who's opinion I value greatly. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. 5000000 Gross Asset Value: 356271766 Insider Ownership %: 3 Parent Fund: SATORI CAPITAL, LLC: Name(s) of Parter, Manager, Trustee, or Director: SATORI ALPHA GP, LLC; Contact Info. What does this mean? The question is what this does to the record high S&P500 multiple and especially long duration assets such as growth stocks. January 2021 Firm can legally elect to accept commissions for their investment advisory services. Fund Type: Private Equity Fund. I tried to DM Dan directly but was unable to. Questions to ask Performance is historic and does not guarantee future results. , the Registered Investment Advisor to the Satori Fund. Satori Wealth Management currently serves clients in the following states: CA. Speaking to CNBC on Thursday, the founder and portfolio manager at Satori Fund said that given the likely further downside risk in the tech sector, investors should look to energy and financials . Firm or an affiliate actively engages in business as a law firm or lawyer. What happened? What does this mean and why is it important? May 2022 June 2020 Name: ALPHAONE SATORI MASTER FUND LTD. Fund Type: Hedge Fund. : DE | Fiscal Year End: 1231. Low interest rates, low inventories, more driving, less flying, has driven auto sales. What does this mean and why is this important? Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. Street Address 1 Street Address 2; 1000 Chesterbrook Blvd: Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Firm or a related person trades securities for themselves that they also recommend to their clients. What does this mean and why is it important? Questions to ask What does this mean and why is it important? While Satori Wealth Management advises clients across a variety of portfolio sizes, the average client balance is currently $1.3 million. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. , the Registered Investment Advisor to the Satori Fund. Checks take place monthly. Does your firm, or anyone associated with the firm, practice as a law firm? Stocks he likes In terms of stocks he likes, Niles said he favors defensive companies against the backdrop of a looming recession. Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). Copyright 2023 Market Realist. What does this mean and why is it important? While this can be seen as "eating your own cooking," there are conflicts that may arise. September 2020 And 2022-2023 environment requires that to outperform. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their clients. Dan Niles, Satori Fund founder and portfolio manager, joins CNBC's "Closing Bell" to discuss his call on Oracle and his forecast on other tech stocks and the wider stock market. Questions to ask From 2004 to 2008, Dan was a Managing Director at Neuberger Berman . For more information you may request fund documents by completing the following attestation. What does this mean? Yes or We empower and encourage decisions based on a long-term perspective, not short-term pressures. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). Does your firm perform side-by-side management? Is your firm a broker-dealer or are you affiliated with one? This can be seen when you compare hedge fund returns for the past few decades. HedgeFundRanks.com is not an investment advisor. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. He did not disclose the fund's exact performance. Dan Niles (born June 29, 1967) is an American hedge fund manager, former equity researcher, and former . Performance Awards in New York in 2006, the fund was awarded the "Best Newcomer" by MARHedge. Funds. Why does your firm believe in offering commission-based services to clients? So, how much has Niles made from it? THIS DOCUMENT IS INTENDED ONLY FOR THE PERSON TO WHOM IT HAS BEEN DISTRIBUTED, IS STRICTLY CONFIDENTIAL AND MAY NOT BE REPRODUCED OR REDISTRIBUTED IN WHOLE OR IN PART NOR MAY ITS CONTENTS BE DISCLOSED TO ANY OTHER PERSON UNDER ANY CIRCUMSTANCES. Peak-Performance Culture at Satori Capital and Crawford Lake Capital. Any views or opinions expressed may not reflect those of the firm as a whole. It serves institutional and high net-worth investors. Also with the focus on Green energy, the energy sector is hated and therefore valuations are low. Questions to ask What does this mean? As Apple stock - Get Free Report heads back towards all-time highs and the $3 trillion market cap milestone, one name has popped into my mind: Dan Niles, from Satori Fund. Does your firm perform side-by-side management? At only a 12x PE, MGA is a cheap way to play the EV trend. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. The investment products mentioned in this document may not be eligible for sale in some states or countries, or suitable for all types of investors. What does this mean and why is it important? What does this mean? According to Niles, the Satori Fund is up this year, beating the S & P 500 which has declined around 15% over the same period. This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. For access to live and ex. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. We exist to create, fund, and inspire businesses that elevate humanity. Firm or a related person trades securities for themselves that they also recommend to their clients. See the latest Satori Resources Inc stock price (XTSX:BUD), related news, valuation, dividends and more to help you make your investing decisions. *SEC data last verified March 24, 2023. 0001560208-22-000004.txt. Founded in 2018 as an unbiased resource empowering consumers to research and compare financial advisory firms, investor.com today gives consumers the tools to make smart money decisions about credit, investing, retirement planning, and more. Demand should improve as China tries to stimulate its economy with the upcoming election of Chinese President Xi Jinping for a third term in October, he said. On November 4, Satori Fund's founder and CNBC regular Dan Niles made his argument against Apple stock ( AAPL) - Get Free Report. What does this mean? The opinions expressed on this page are those of Daniel Niles and not necessarily those of AlphaOne Satori Management, LLC (the General Partner to the Satori Fund) or STP Investment Partners (CRD # 306086). made good money in XOM last year, Dan Niles is founder and portfolio manager for the Satori Fund, a tech-focused hedge fund. October 2015 Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Active risk management results in net exposure that typically ranges from . According to the company website, Satori Fund protects capital and generates wealth over extremely stressful market cycles. Questions to ask It's strange to expect hedge funds to compete with such an anomaly. what about T, your 12/9 post said after hating T for so long the DIS model for releasing movies one day after they open in movie houses should help the Warner portionwhat say you now? January 2023 View real-time stock prices and stock quotes for a full financial overview. View Filing. The firm's website is not secure by modern internet standards. PROSPECTIVE INVESTORS SHOULD CONSULT THEIR OWN ADVISORS ABOUT SUCH MATTERS. Dan Niles, Satori Fund founder, joins 'TechCheck' to discuss stocks responding positively to cuts in earning expectations, the need for the U.S. economy to g. By setting an example of consciousness and inspired leadership, all of a companys stakeholders are enriched and will bring the approach to their own relationships. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms.
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