Hardeep walia the ceo of motif investing careers
Thanks again for your participation and have a great summer. Zack: So, you have a pretty interesting background. Can you tell us a little bit about yourself, how you got here? Hardeep: Sure. I then went on to be general manager of their Enterprise Services business, did a medical device startup and then was catching up with an old friend of mine who worked at a hedge fund, Tariq Hilaly, and we were talking about investing and investing ideas, in particular.
The hard part is, actually, figuring out how to take those ideas and act on them. So, with that big epiphany, we quit our respective roles, moved to Silicon Valley and co- founded Motif together. Zack: You just launched out of beta, what, just a week ago, or so? Hardeep: June 4th, we launched out of beta. Zack: Wow. But, why investing? Obviously, your co-founder had experience in the principal investing role.
Hardeep: I think a couple of things. I think you said it exactly right, Zack, which is if you think about the brokerage world. Let me go do that. So, buy indexes. So, what we do is we create indexes around these ideas and we focus on making investing very intuitive.
At Motif, what we do is we take ideas and we solve the problem of figuring out how to invest by creating motifs of 30 stock portfolios that you can purchase in a single transaction. You can re-weight them, you can balance them out. So, we create these indexes to allow you to beat the market. Hardeep: Right. In our case, because you actually own the underlying stocks, what you see is what you own. So, that ability to customize is a very, very powerful feature and we make it super easy to do.
I watched you on the Valley Girls Show, recently. Hardeep: [laughs] Zack: You were awesome, by the way. Hardeep: Thank you. Zack: That was a great program. One of the examples you gave there was your SIN portfolio. Can we talk a little bit, just using that as an example of how the motifs are comprised, how somebody purchases them?
Zack: OK. You got the cable companies in Sloth. You got the things that tie to the particular sin. We categorize them into different sins and then the motif is a subset of 20 to 30 stocks that tracks the broader index. So, for example, take another example, mobile Internet.
So, back to SIN, for a second. What you can do is, if you log online, you look at a motif, you can see the different sins and what we allow you to do is to change the weightings. We have these very simple sliders, that you can slide them back and forth, customize it, make it your very own. You can substitute stocks. You can add stocks. You can delete stocks. We try to make this as easy as possible, so that within a few minutes, you can very quickly, build your own version of our SIN motif.
Zack: So, can we talk a little bit about how it works, maybe, behind the scenes? Are you a broker-dealer, as well? Hardeep: We are a broker-dealer. Zack: So, what about the motifs? I mean, you guys are dirt cheap. They know what they want. Zack: Really? I can go to a store and look at our Hot Retail Motif, I can see ideas that I may have thought about but had no idea how to put them to work.
You know, the other day, I was telling someone this story. I met a group of doctors. We have a biotech motif and what these doctors were able to do is in, five, ten minutes, customize the motif based on what they knew from being in the industry, from reading medical literature, and they just did a few quick changes in five minutes.
So, the model itself is pretty scalable. Zack: Yes. Zack: Totally. We are creating these portfolios. Zack: So, I can come in and you have these stock portfolios. I can use the sliders. Can I see what those doctors did, even though they can share it, or do they have to share that directly with me? These conversations are happening everywhere. So, the ability to randomly meet someone to talk about investing, we rely on you having to friend that person, getting to know the person before you go do that.
People who want to buy that, are they all getting the same 30 underlying stocks or are you taking like random sample, I mean, how does it work? So if you own the benchmark Motif, everyone owns the same product and we do allow you to tweak it and customize it. We like to build index models that give you good coverage and good exposure versus trying to pick a handful of stocks. So now if you go and try to build a Motif prior to the middle of last year, you actually have to do some homework.
Peter: So why did you choose the 30 limit? Hardeep: The honest truth is the first Motif we built just happened to be 30 stocks. Peter: laughs So it is arbitrary. Peter: Right. Peter: Okay, so then who are your investors? Are these typically young professionals, I mean, who do you find coming onto your platform? Hardeep: Our early adopters, I kind of got this wrong, were ultra high net worth retirees. I thought our early adopters would be millennials.
Peter: Right, so would I. Then we have some ultra high net worth investors who like to put their play money on our platform and those are kind of the three big segments for us. Peter: Okay, interesting, interesting. So then can you share like total assets that is going through your platform now or is that private information? Hardeep: We keep it private. Peter: Right, okay so then… Hardeep: And this is our retail business. Hardeep: We do have an institutional business that we launched last year.
Peter: Yeah, I was going to get to that. Hardeep: What we do there is…our focus is thematic models and rebuild more sophisticated global indices partnering with large financial institutions and then we work with them to sell it to their clients and their partners. We announced a deal with Goldman Sachs, for example, where we partner with them to build Motifs, but we embed them in structured notes issued by Goldman Sachs and then Goldman will sell it to their partners and their clients.
We just launched in November of last year a deal with Global Atlantic where we manage three variable annuity mutual funds for them and, again, these are thematic models. We build thematic models for them and we deploy it in their SMA accounts.
And we build models that are just hard to come by where you need a lot of technology to build them so these are not traditional models. How do you invest in that? So who do you see as your main competitors? Hardeep: Well there are a lot of clones of ours, especially in China, for some reason. Peter: Of course. Hardeep: One of them was called MotifInvesting. Peter: Yes. And then, you know, to the extent that your alternative is kind of an ETF, this is kind of almost how the next generation of ETFs will play in.
Peter: Right, right, okay, interesting. Hardeep: Yeah, again, the theme of Motif is how do we use technology to make investing more intuitive and we also try to make investing accessible, accessible by having a lower price point. Hardeep: And we took that approach to the IPO market which we wanted to open it up, make it more accessible and our friends at JP Morgan also have the same goal of doing that.
What we do is we allow people to participate in an IPO, but we take a lot of the complexity out so we walk you through the process of what it takes to participate in an IPO and then we allocate shares. Peter: Yeah, yeah, that sounds great. You mentioned fixed income ETFs just a little bit ago and I wanted to talk about the fixed income side.
A lot of the listeners are fixed income investors. Do you participate in like publicly traded fixed income securities as well as equities? I mean, one of our goals is to actually offer fixed income Motifs as well. Today, we use ETFs, but we use them with a kind of a management overlay. So for example we have a fixed maturity ladder Motif that you can look up and we use fixed maturity ETFs…but just like we talked about customization, you can actually tweak the portfolio pretty easily if you wanted to change the duration of that fixed income portfolio or if you had a credit portfolio of fixed income and you wanted to change the risk model on that.
Peter: Right, okay, okay, interesting. Hardeep: The whole profitability question depends on, you know, how quickly you want to grow and do you want to keep driving further? Peter: Okay. Hardeep: And for us it really is about…really we launched our institutional business late last year, we want to get that out. You know, our investors took Financial Engines public, Lending Club public, Envestnet public so we wanted to find investors that really knew the space, but we also wanted to bring in people who really understood the regulatory complexity of this space because it is really hard to innovate in a regulated industry.
Peter: Sure. Peter: Right, right. So then where do you see your future? So do you feel like scaling the individual side is really your future or is it more of the institutional type deals like the one you did with Goldman, with US Bank; where is your future?
Hardeep: I think the easiest path to scaling your business is definitely on the institutional side, especially in the US. The answer is different in other parts of the world so that is going to be our focus in terms of scale, growth and all. Hardeep: Acquisition costs in this space are high. Hardeep: Part of it is really partnering with the industry on things we can do pretty well.
With that in mind we have a different kind of guest on this episode of the show.
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| Abetting the enemy | It had a whole range of different companies in there and I could obviously go and follow that or I could actually go and use that Motif and purchase it. An explanation of the concept of a Motif and thematic investing. Honestly, I am not a big fan of mutual funds but our customers have been asking for them so we are looking into right now. They can be trading models. Are these typically young professionals, I mean, who do you find coming onto your platform? |
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| Btc to unit | We build thematic models for them and we deploy it in their SMA accounts. Took us about five weeks end to end. We are very close to completing this. I then went on to be general manager of their Enterprise Services business, did a medical device startup and then was catching up with an old friend of mine who worked at a hedge fund, Hardeep walia the ceo of motif investing careers Hilaly, and we were talking https://casinobestplay.website/ethereum-classic-prediction-after-coinbase/6485-mlb-sports-betting-stats.php investing and investing ideas, in particular. So for example we have a fixed maturity ladder Motif that you can look up and we use fixed maturity ETFs…but just like we talked about customization, you can actually tweak the portfolio pretty easily if you wanted to change the duration of that fixed income portfolio or if you had a credit portfolio of fixed income go here you wanted to change the risk model on that. This iframe contains the logic required to handle Ajax powered Gravity Forms. |
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Repeal Obamacare Motif On the Republican side, the Repeal Obamacare motif, focused on companies that stand to gain if all or part of Obamacare was repealed, has seen a one-month return of 7. Story continues Noting that full repeal of Obamacare would not be necessary for the Repeal Obamacare motif to show gains, Walia pointed to the often-discussed excise tax on medical devices saying, "Our Repeal Obamacare motif has exposure to those devices that will benefit.
Others on that side of the aisle included Democratic Donors, Fossil Free and Cyber Security for those who tend to believe cyber threats trump more traditional enemy states. At the time of this writing, Jim Probasco had no position in any mentioned securities. See more from Benzinga. Took us about five weeks end to end. Subsequent rounds are easier than your first. A Arthur : The major reason I agreed to advise and then serve on the board of Motif was because of the quality of the founder.
His persistence made all the difference to me. Or will it always be one is rising while the other is falling. A Arthur and Hardeep : Yes I believe that in a healthy economic environment management know there cannot be long lasting success unless there is balance.
Q UTMed How can a lower to middle class person navigate the intricacies of the financial market to earn for retirement by investing without devoting their lives to the process? Also, do you see the financial sector as over regulated, under regulated, or just right? A Arthur No I do not believe that the financial sector is over regulated. But nothing is better for investors than being certain they know what they are doing and put emotionalism aside.
Remember that most individuals are better off investing in passive, low priced funds than picking stocks. I am dead set against stock picking except for the most experienced investors. Boy I love Vanguard. Jack Bogle is an American icon. He is the symbol of integrity and decency in the mutual funds market and made really great changes that have benefited investors.
Q MorleyDotes : When the Twitter earnings were leaked the stock started to get crazy then trading was stopped. Who orders a stock trade stoppage and what is the criteria for stopping trading? A Arthur : The exchanges can order a stop to trading in a security and the criteria is usually that there is not enough information to indicate the cause of unusual sell or buy orders.
Do you have an opinion on the future of where HFT will go? A Arthur : I believe that High Frequency trading is going to be quite different in several years Probably because of regulation and part because of changes in technology. There will be a new game. A Hardeep : I think so much innovation is needed in the K space. Something I am personally very passionate about. I am hoping the Supreme Court rules in favor of the employees.
It will shake up the industry and make it even easier for motif to play in this space. I am watching closely. Cryptocurrency in some form or other is going to evolve. I am a strong supporter of bitcoin. Q akhiljain : Arthur, Hardeep, which is your favorite book to learn about investing?
He was my professor Yale and I did my senior thesis with him. Brilliant investor and more importantly a brilliant human being. A Arthur : My book, Take on the Street. A Hardeep : That too… : Q bambam : What other than the chronic under-staffing of enforcement personal at the SEC is the biggest challenge to enforcing the current laws on Wall Street? And what would you suggest be done tomorrow to protect retail investors from flash-boy style trading.
A Arthur : I feel very strongly that political interference has hurt our system. The oversight committees of Congress who owe their careers to protecting the investors of America are shilling for their campaign contributors instead and are cutting resources for regulators and frustrating all investor protection issues. Surely, being a special adviser to disruptive firms is a whole lot more than playing golf all day.
In addition to better money oversight, run your investments through their award-winning Investment Checkup tool to see exactly how much you are paying in fees. After you link all your accounts, use their Retirement Planning calculator that pulls your real data to give you as pure an estimation of your financial future as possible using Monte Carlo simulation algorithms. Is your retirement plan on track?
Hardeep walia the ceo of motif investing careers australian federal election 2022 betting
At The Offices Of Motif Investing With Co-Founder And CEO Hardeep WaliaIMPLIED PROBABILITY IN SPORTS BETTING
The second motivation, Walia suggested, has more to do with principles. Obamacare Motif The Obamacare motif, designed to provide exposure to companies that would gain as the ACA became more successful, would largely be considered to be supported by Democrats. To date, the Obamacare motif has shown a one-month return of 7.
Repeal Obamacare Motif On the Republican side, the Repeal Obamacare motif, focused on companies that stand to gain if all or part of Obamacare was repealed, has seen a one-month return of 7. Story continues Noting that full repeal of Obamacare would not be necessary for the Repeal Obamacare motif to show gains, Walia pointed to the often-discussed excise tax on medical devices saying, "Our Repeal Obamacare motif has exposure to those devices that will benefit.
A Arthur : The major reason I agreed to advise and then serve on the board of Motif was because of the quality of the founder. His persistence made all the difference to me. Or will it always be one is rising while the other is falling. A Arthur and Hardeep : Yes I believe that in a healthy economic environment management know there cannot be long lasting success unless there is balance. Q UTMed How can a lower to middle class person navigate the intricacies of the financial market to earn for retirement by investing without devoting their lives to the process?
Also, do you see the financial sector as over regulated, under regulated, or just right? A Arthur No I do not believe that the financial sector is over regulated. But nothing is better for investors than being certain they know what they are doing and put emotionalism aside.
Remember that most individuals are better off investing in passive, low priced funds than picking stocks. I am dead set against stock picking except for the most experienced investors. Boy I love Vanguard. Jack Bogle is an American icon. He is the symbol of integrity and decency in the mutual funds market and made really great changes that have benefited investors. Q MorleyDotes : When the Twitter earnings were leaked the stock started to get crazy then trading was stopped.
Who orders a stock trade stoppage and what is the criteria for stopping trading? A Arthur : The exchanges can order a stop to trading in a security and the criteria is usually that there is not enough information to indicate the cause of unusual sell or buy orders. Do you have an opinion on the future of where HFT will go? A Arthur : I believe that High Frequency trading is going to be quite different in several years Probably because of regulation and part because of changes in technology.
There will be a new game. A Hardeep : I think so much innovation is needed in the K space. Something I am personally very passionate about. I am hoping the Supreme Court rules in favor of the employees. It will shake up the industry and make it even easier for motif to play in this space. I am watching closely. Cryptocurrency in some form or other is going to evolve. I am a strong supporter of bitcoin. Q akhiljain : Arthur, Hardeep, which is your favorite book to learn about investing?
He was my professor Yale and I did my senior thesis with him. Brilliant investor and more importantly a brilliant human being. A Arthur : My book, Take on the Street. A Hardeep : That too… : Q bambam : What other than the chronic under-staffing of enforcement personal at the SEC is the biggest challenge to enforcing the current laws on Wall Street? And what would you suggest be done tomorrow to protect retail investors from flash-boy style trading. A Arthur : I feel very strongly that political interference has hurt our system.
The oversight committees of Congress who owe their careers to protecting the investors of America are shilling for their campaign contributors instead and are cutting resources for regulators and frustrating all investor protection issues. Surely, being a special adviser to disruptive firms is a whole lot more than playing golf all day.
In addition to better money oversight, run your investments through their award-winning Investment Checkup tool to see exactly how much you are paying in fees. After you link all your accounts, use their Retirement Planning calculator that pulls your real data to give you as pure an estimation of your financial future as possible using Monte Carlo simulation algorithms.
Is your retirement plan on track? Find out for free after you link your accounts. Updated for and beyond.
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