Meir Statman to provide investment analysis and commentary for advisors
and clientsTORONTO, Nov. 3 /CNW/ - Wellington West Holdings Inc., a privately held,
employee-owned financial services firm, today announced that Meir Statman, the
Glenn Klimek Professor of Finance at the Leavey School of Business at Santa
Clara University in California, has joined the Investment Committee of
Wellington West Capital Inc. Professor Statman's research focuses on
behavioural finance.
Professor Statman is working closely with Sam Pellettieri, Chief
Investment Officer, Wellington West Asset Management Inc., to provide ongoing
investment analysis and education for Wellington West Investment Advisors and
their clients.
"Investors are looking for thought-leadership during these trying
economic times," said Mr. Pellettieri. "Meir's award-winning research combines
the sciences of finance and psychology to understand the cognitive errors of
normal investors, their emotions and their goals. Our aim is to educate our
clients, guide them toward achievement of their goals and promote both wealth
and well-being."
In his research, Professor Statman studies how investors and managers
make financial decisions and how these decisions are reflected in financial
markets. Some of the areas he studies include: the cognitive errors, emotions
and aspirations that influence investors; how financial advisors and plan
sponsors serve investors; the nature of risk and regret; how investors form
portfolios; the relative success of tactical asset allocation and strategic
asset allocation; the determining factors of stock returns; the effects of
sentiment; and, the efficacy of socially responsible investments.
"I am pleased to be associated with an award-winning firm such as
Wellington West," said Professor Statman. "This is a firm that is
demonstrating leadership by taking their clients to the frontiers of science
and guiding them toward their goals."
Professor Statman's research has been published in The Journal of
Finance, The Journal of Financial Economics, The Review of Financial Studies,
The Journal of Financial and Quantitative Analysis, the Financial Analysts
Journal, the Journal of Portfolio Management, and many other journals. The
research has been supported by the National Science Foundation, the Research
Foundation of the CFA Institute, and the Investment Management Consultants
Association (IMCA).
In addition, Professor Statman is an Associate Editor of the Journal of
Financial Research and the Journal of Behavioral Finance, a member of the
Editorial Board of the Financial Analysts Journal and the Journal of
Investment Consulting, the Advisory Board of the Journal of Portfolio
Management, the Journal of Wealth Management, and a recipient of a
Batterymarch Fellowship, a William F. Sharpe Best Paper Award, a Bernstein
Fabozzi/Jacobs Levy Outstanding Article Award, the Richard J. Davis Award, the
Moskowitz Prize for best paper on Socially Responsible Investing, and two
Graham and Dodd Awards of Excellence. Professor Statman received his Ph.D.
from Columbia University and his B.A. and M.B.A. from the Hebrew University of
Jerusalem.
About Wellington West
The Wellington West group of companies provides full-service brokerage,
financial planning, asset management and capital markets services. Principal
among its operations is Wellington West Capital Inc., a member of CIPF and a
full-service investment dealer with offices across Canada. In the 15 years
since its inception, the employee-owned Wellington West has become one of the
largest and fastest-growing independent full-service investment operations in
Canada with more than $9.6 billion in assets under administration. Among its
many corporate achievements, Wellington West has earned one of the top two
spots as Best Employer in Canada for the past three years, named one of
Canada's Fastest Growing Companies in 2007 and re-qualified as one of Canada's
50 Best Managed Companies in 2007. In addition, Wellington West ranked No. 3
in the 2007 Brokerage Report Card survey, having held the No. 1 spot for four
of the past five years. For more information, visit www.wellingtonwest.com.
For further information: Media contact: Janine Waschuk, (416) 899-2617
or janine@wellwest.ca
