Matt Orosz, Trinity Family Builders – Current State of Housing & Homebuilders
Today’s guest is Matt Orosz. Matt Orosz is Co-President of Trinity Family Builders, launched in March 2024 by the Orosz brothers in Central Florida. He oversees marketing, sales, land acquisition & operations. Before starting Trinity Family Builders, he co-founded Royal Oak Homes (2011) and Hanover Family Builders (2017), both high-growth companies that were sold—Royal Oak in 2014 and Hanover in 2022 (to Land & Sea Homes, a publicly traded entity). He holds a bachelor’s degree from Villanova and an MBA from Rollins College. In today’s episode, we discussed: · Matt’s curiosity, passion for homebuilding, & background in the industrial side of CRE · Public vs. private homebuilders · First-time buyers, market shifts, price points, affordability & rate buydowns (a gimmick?) · Market forecast, build-to-rent trend & regulatory headwinds · How the brothers run their family office (their investment allocation) · Orosz family history, giving back & the success of Cristo Rey Orlando High School · Advice for young professionals [CEP + 3] Today's hosts are Steve Curley, CFA (Co-Managing Principal at 55 North Private Wealth) & co-host Jeff Goll, CFA(Managing Director & Head of Capital Markets at Hillpointe). Please enjoy the episode. You can follow us on Twitter & LinkedIn or at investorsfirstpodcast.com
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56:31
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56:31
Coaching, Creating Your Own Window & Capital Allocation: Chris Hyzy’s Playbook
Today’s guest is Chris Hyzy. Chris is Managing Director and Chief Investment Officer supporting Bank of America Private Bank and Merrill Lynch (within Bank of America Corporation). He leads investment strategy, asset allocation, equity and fixed income management, due diligence, and wealth planning guidance. Previously, he was CIO and Chief Investment Strategist for the Private Bank at Bank of America. Before that, he held senior investment roles at Citigroup Private Bank, including CIO for Latin America and chair of the Global Investment Themes Committee. He also led investment strategy teams at Merrill earlier in his career. Chris holds a bachelor’s degree in business from Villanova University and an MBA in finance from NYU’s Stern School of Business. He serves on Villanova’s board of trustees and has held other advisory and nonprofit investment roles. In today’s episode, we discussed: · Chris shared his early career story, which began at Merrill in 1991, learning about finance after being cut from the baseball team at Villanova & focusing instead on investing. · Discussion of Chris’s experience coaching sports (football, basketball) and keeping his competitive edge outside of work, noting his national championship softball team. · Chris described the BofA Chief Investment Office (CIO) structure, highlighting manager due diligence, thought leadership, portfolio management, & wealth structuring. · Emphasis on encouraging team members to pursue the CFA designation (worth noting he was a CFA candidate before he pursued his MBA at NYU) · Discussed the balance of absolutes vs. probabilities in market forecasting, including the importance of scenario planning, with their current base case being a “soft patch” rather than an imminent recession, referencing the resilience of the consumer and job market. · Exploration of valuations, equity allocations, and continuing opportunities in global markets & alternative assets as a diversifier. · Chris spoke about the evolving office market in commercial real estate, seeing “slow burn” adjustments and repositioning as potential outcomes. · Final thoughts touched on best practices for young professionals: keys being curious, prepared, & disciplined. · Chris named Babe Ruth and Lou Gehrig as two historical figures he would want to interview if the tables were turned & he were the host of the Investors First Podcast. Today's hosts are Steve Curley, CFA (Co-Managing Principal at 55 North Private Wealth) & co-host Steven Rogers, CFA (VP, Capital Markets at Hillpointe). Please enjoy the episode. You can follow us on Twitter & LinkedIn or at investorsfirstpodcast.com
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1:05:06
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1:05:06
Alejandra Grindal, Ned Davis Research – Tariff Lesson with Prof. Grindal
Today’s guest is Alejandra Grindal. Alejandra serves as the Chief Economist for Ned Davis Research. Based in Florida and a graduate (undergraduate and Master’s) of Florida State University, we were pleased to host a true Floridian for this episode. We recently hosted Alejandra for our Annual Dinner for CFA Society Orlando and did such a great job, we wanted to have her on the podcast. She joined Ned Davis in 2006 and has been quoted in national media, including Barron’s, WSJ, CNBC, and TIME, and is a guest on CNBC, and Bloomberg TV. Prior to Ned Davis, she served as a full-time Professor and also worked in British Parliament as a research assistant. Founded in 1980, Ned Davis Research is an independent investment research firm, offering a variety of research products and services to institutional clients globally. They emphasize a data-driven approach, using models, charts, indicators and a “weight-of-the-evidence” methodology to help clients make informed decisions (Gemini created summary). In this episode, we discuss Alejandra’s career as she has been on the economics track at an early age and is practically a lifer at Ned Davis Research, which is rare these days. We discuss all things tariff related, along with her take on current economic data, the risk of stagflation and how investors should best position their portfolios. Today's hosts are Steve Curley, CFA (Co-Managing Principal, 55 North Private Wealth) & co-host Christina Shaffer, CFA (Director of Fixed Income, AllGen Financial) Please enjoy the episode. You can follow us on Twitter & LinkedIn or at investorsfirstpodcast.com Show Notes: www.ndr.com See the Signals Podcast Signal Exchange Podcast NDR Signals Blog
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49:22
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49:22
Mike Thrasher, Modus - Family Office 101
In this episode, the discussion centered around the complexities and dynamics of family offices. Topics covered included the growing number of single-family offices, especially in North America, the typical asset size that justifies establishing a family office, and the transition to multifamily offices to manage costs and expand services. The conversation touched on investment management within family offices, the mystique and challenges of maintaining privacy, and the psychological factors, including family dynamics and governance. We also highlighted trends such as technological advancements, charitable involvement, and interest in unique investments like art and collectibles. Furthermore, the discussion emphasized the importance of journalism’s role in bringing transparency and information to this evolving sector, with insights into Mike Thrasher’s new company, Modus, which focuses on family office content. Mike Thrasher is Founder & Editor of Modus News, a newsletter for family-office professionals. His background includes two stints at Institutional Investor, time with Pensions & Investments as a Senior Reporter, as well as time at WealthManagmeent.com. Our host today are Steve Curley, CFA (Co-Managing Principal, 55 North Private Wealth) & guest host Chris Cannon, CFA (Chief Investment Officer, FirsTrust). Please enjoy the episode. Follow us on Twitter & LinkedIn.
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1:01:14
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1:01:14
Herb Greenberg – Red Flags
For our third episode of year six of the podcast, we welcome Herb Greenberg to the Investors First Podcast. Herb’s career is incredible, with time as a journalist at major news outlets ranging from the Chicago Tribune and San Francisco Chronicle, to the WSJ, and also time at The Street and CNBC. It should be noted that he was born and raised in Florida and attended the University of Miami. Herb’s energy and curiosity are up there with anyone we have interviewed in the history of this podcast. In today’s episode, we cover a wide range of topics, starting with Herb’s successful career as a journalist, how he developed a niche in covering red flags on individual companies, how to use his intel to help mitigate risk, and what are his top red flags today, along with much more. Today's hosts are Steve Curley, CFA (Founder/Co-Managing Principal, 55 North Private Wealth) & co-hostChris Cannon (CIO/Principal, FirsTrust) Please enjoy the episode. You can follow us on Twitter & LinkedIn or at investorsfirstpodcast.com Show Notes: · Substack: https://substack.com/@herbgreenberg · Site: herbgreenberg.com
The award* winning Investors First Podcast is a service of CFA Society Orlando. Subject matter experts from our Society interview Founders, Chief Executive Officer’s, Chief Investment Strategists, Fed Presidents and more to discuss timely and relevant topics in finance. Our mission is to educate investors and investment professionals in Florida, the Americas and beyond, with a focus on making you a more informed investor and/or advisor.
*The CFA Institute awarded CFA Society Orlando the 2020 Impact and Innovation Award for the Investor’s First Podcast. Previous guests include Patrick O’Shaugnessy, Liz Ann Sonders, Barry Ritholtz, Federal Reserve Bank President Raphael Bostic, Dr. David Kelly, Mark Yusko, Annie Duke, Morgan Housel, Peter Zeihan, and Meb Faber.
CFA Society Orlando is a member of the CFA Institute's Network of over 150 societies globally. The majority of its members hold the Chartered Financial Analyst (CFA) designation, which is considered the most respected and recognized investment management credential in the world. Fewer than 1 in 5 candidates who begin the program end up successfully earning the CFA charter. Successful candidates take an average of four years to complete the program.
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