Rene Jarquin

About Rene Jarquin

My path to Chief Investment Officer at Single Point most recently took me through BNY Mellon Wealth Management, where I had been since 2005. My role as Senior Portfolio Manager at BNY allowed me to work very closely with clients in constructing portfolios; while understanding their goals and always mindful of how the markets impact them both financially and behaviorally. Sitting on BNY’s Solution Strategy Committee and the Boston office’s Investment Implementation Committee has helped shape my investment decision-making. Ultimately, the desire to fully own and shape the firm's investment philosophy brought me to step into a Senior Partner role as Single Point's CIO. After receiving my bachelor’s degree at The Wharton School and my MBA from Northwestern University’s Kellogg School of Management I made a few stops prior to my 12 years at BNY. These experiences included the M&A group at GE Capital; a tech-focused merchant bank, Springwell Capital Partners; and Merrill Lynch’s Private Client Group. I have been fortunate to have the opportunity to share my expertise in giving back beyond my direct dealing with clients. Currently, I chair the investment committee for the Home for Little Wanderers. I am an active board member and former President of the Boston Chapter of the The Association of Latino Professionals for America (ALPFA). I have been a charter member of the Latino Legacy Fund of The Boston Foundation. LLF is a special interest fund targeting the Latino Community of Boston. Most recently, I have had the honor of being appointed by Governor Charlie Baker to the board of Mass Ventures, the state of Massachusetts’ venture capital arm. My wife Nancy and I, along with our two daughters, live in Wellesley, MA and enjoy relaxing on Cape Cod in the summer.

RJ’s Commentary January 2020

By |2020-01-08T18:29:10+00:00January 8th, 2020|Categories: Investment Planning, Single Point of View|

You all know we are a financial planning firm, investments are but a piece of your overall planning.  Having said that, once a quarter we do let the investment folks have their time in the sun and allow them to share their thoughts.  Hope you find Rene's quarterly commentary helpful. It has been 5 days [...]

Portfolio-based Credit – The good, the bad and the ugly

By |2019-05-25T12:17:36+00:00November 7th, 2018|Categories: Investment Planning, Lending, Single Point of View|

Groucho Marx famously said…  “I would never want to join a club that would have me as its member” Similarly, banks love nothing more than to lend to borrowers who have no need to borrow. And the high-net-worth clients of banks’ brokerage or wealth management units are an obvious object of their affection:  the portfolios they [...]

1970s Inflation Redux?

By |2018-10-05T20:01:57+00:00October 5th, 2018|Categories: Investment Planning, Single Point of View|Tags: |

Should we fear a replay of the 1970’s High-Inflation era? Today’s jobs report points to an unemployment rate of 3.7% - the lowest since 1969, the year when the worst outbreak of inflation began to be felt.  From 1969 to 1982 inflation spiked to 7.3% annually and wrecked stock and bond returns – which were negative [...]

Our Growing National Debt & Your Bonds

By |2018-09-04T18:14:06+00:00September 4th, 2018|Categories: Investment Planning, Single Point of View|Tags: |

A significant portion of our client’s portfolios are invested in the US Bond market, so I wanted to put the current Federal debt picture in the appropriate perspective.  The punch line is that we are not on the cusp of The Financial Apocalypse as some pundits will have you believe.  With the help of our Bentley [...]

Even With Index Funds, You Need to Know What You Own

By |2018-06-19T19:53:52+00:00June 19th, 2018|Categories: Investment Planning, Single Point of View|Tags: |

At Single Point we believe that index-tracking funds offer the best outcomes over high-cost stock-picking funds. As the number of trackable indexes has grown over the years – especially beyond the core Large Cap S&P500 Index - we spend a great deal of time identifying the best index to track the complimentary or ‘satellite’ asset classes.  [...]

A ‘Full Trade War’ on the Horizon?

By |2018-04-11T01:57:12+00:00March 6th, 2018|Categories: Single Point of View|Tags: |

A full-blown trade war, though unlikely, would be very damaging to equities.  What happened? President Trump announced that he plans to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum.  Why does it matter? A ‘full trade war’ is not something we have seen since the Smoot-Hawley Tariff Act of 1930 [...]

Market Predictions vs. Reality

By |2018-03-16T02:21:04+00:00January 16th, 2018|Categories: Single Point of View|Tags: |

Every year the big Wall Street banks publish their year-end targets for the S&P500.  Think of these as a gauge of Wall Street’s collective wisdom. Their well-paid researchers crunch a ton of market and economic data. I will save you the suspense – their forecasting ability would be laughable, if it wasn’t for the fact that [...]

The Twisted Logic of IRA-Rollovers

By |2018-03-16T03:15:50+00:00October 27th, 2017|Categories: Single Point of View|Tags: , , , |

Rolling your 401(k) or 403(b) retirement balance into a broker's 'managed IRA' program is too often the wrong choice done for the wrong reasons.  'Financial Advisors' will justify the roll-over based on claims of broader choice, greater control and simplification at no extra cost.  More often than not, these arguments are based on incomplete disclosures of [...]

Stock-picking Mutual Funds die hard… for now

By |2018-03-16T03:30:10+00:00June 16th, 2017|Categories: Single Point of View|Tags: , , |

The ability of traditional Mutual Fund stock-pickers to deliver out-performance has been decaying for 2 decades. A recent WSJ editorial by renowned finance scholar Burton Malkiel sites the most recent stats published by Standard-&-Poor's and they are absolutely ugly. •“More than 90% of active US managers under-performed their benchmark indexes over a 15-year period.”  •“Over 85% [...]

Markets are not always efficient, nor right

By |2018-03-16T01:38:49+00:00May 24th, 2017|Categories: Single Point of View|Tags: , |

Of the 46 previous declines of -10% or more in the stock market (S&P500), a little more than a third (19) became bear markets, defined as a drop of at least -20%.  Most of the -10% pull-backs – as sharp and painful as they are - turned out to be just false signals and momentary detours [...]