Senior Associate and Partnership Manager
Vince Truong’s priority is to help his clients crystallize what is important about money to them, along with the values, emotional currents and goals that will drive their lives. He works to cultivate a long term, trusted partnership that empowers clients to live the lives they aspire to, protects their well-being, achieves financial freedom and leaves their desired legacy. In doing so, he focuses on advice, planning and solutions, not on making a sale.
His financial planning uses sophisticated Monte Carlo simulations that the vast majority of advisors in the GCC are unaware of and do not use. These simulations give clients a reliable probability of the likelihood for success in reaching their goals based on their current actions, in addition to making recommendations on changes that can be implemented immediately.
Vince is not a market timer, fund picker or speculator. Indeed, for long term investors, 93.6% of their returns are based on how they allocate monies across different asset classes, each with its own history of risk, return, and correlation to other investments. Vince’s investment advice employs asset allocation models based on a modified approach to Modern Portfolio Theory with emphasis on protecting against downside risk (especially in case of anomalous Black Swan or Fat Tail events) while maximizing upside gain. This approach is unlike the common practice of trying to pick a few winning funds which is often employed in the GCC and which in the long run, is inconsistent and not reliable.
Vince managed an employee benefits and insurance brokerage in the United States for seven years. He was a Registered Representative and Financial Consultant with LPL Financial, the largest U.S. independent broker dealer, from 2004 – 2009 and has been U.S. CERTIFIED FINANCIAL PLANNER™ (the equivalent of a UK Chartered Financial Planner) since 2007. While in the U.S., he held FINRA Series 7 & 66 securities licenses in addition to the California Variable Annuity, Life & Health Insurance License #0D51938.
056 101 5527