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The Compound and Friends

An Investment Tool Advisors Love (with Josh, Michael and YCharts CEO Sean Brown)

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.72.2K Ratings

🗓️ 24 April 2019

⏱️ 11 minutes

🧾️ Download transcript

Summary

Sean Brown is the CEO of YCharts, one of the hottest investment research platforms on the web. Michael Batnick and Ben Carlson use YCharts for research projects all the time, whether they're answering a client question, creating a blog post or seeking to prove or disprove an idea about markets, the economy, investing or portfolio construction. Sean came by to discuss the various ways investors and financial advisors use YCharts for their daily work and research. Sean is surprised by how little time financial advisors seem to spend on their investment management-related efforts relative to things like prospecting, relationship building, etc. According to this survey of investors posted by Michael Kitces, advisors are spending an average of 10% of their time on investment management, which Sean believes is a big disconnect considering how important results are to the end client. Enable our Alexa skill here - "Alexa, play the Compound show!" https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer: https://thereformedbroker.com/terms-and-conditions/   Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hello my name is Michael Batnik sitting here with Sean Brown CEO of

0:03.8

Why Charts and Josh Brown oh we have two Browns we are related we're gonna talk

0:08.1

about why we're gonna talk about how advisors using white charts stick around.

0:14.0

Sean as you know I am a daily white charts user I don't know that my experience using

0:19.2

white charts is similar to all advisors why don't you just give a basic overview? How are

0:23.4

our advisors using your services? Yeah, I think the fundamental theme is we're

0:28.0

fully focused on advisors and helping them make smarter investment decisions.

0:32.4

So I liken us to a Swiss Army and I think them make smarter investment decisions.

0:32.8

So I liken us to a Swiss Army knife, not one of those crappy ones that breaks apart

0:38.1

right when you leave a trade show, one of those really good ones where if the blade you're looking

0:41.6

for is how to stay abreast on markets or how to keep

0:44.9

it breast on news great if you're looking to do deep dive research we've got

0:48.6

tools for that if you want integrations to excel hey we got charts in our name. We're really, really good at charts and

0:55.6

creating visuals for Wealth Advisors. What's the most used? What is the most used feature of

1:00.4

Y charts on a daily basis by the most amount of people.

1:03.6

What's the most popular thing?

1:04.6

Definitely the dashboard.

1:06.0

Everybody wants to stay abreast on what's going on in the market.

1:08.7

For people that haven't used it, and we're going to pop screen grabs up of the stuff that Michael looks at on wide charts, but like what's

1:15.2

in the dashboard that makes it so popular with advisors or users?

1:18.6

Well, first of all, it's fully customizable, so whatever you want to follow.

1:21.5

So if you want to follow GDP, want to follow the fang stocks news whatever you want to follow

...

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