Issue 2 » Collin Rigler, Wealth Manager with a Competitive Advantage
Collin Rigler, Senior Vice President at RBC Wealth Management is an extremely successful and confident
wealth manager. And he has good reason to be. Collin majored in applied economics, helped take companies public, consults with colleagues that work in the Federal Reserve and has an impressive list of CEO and executive clients in a wide range of industries.
While Collin’s credentials rank in the top of his field, he has an ace up his sleeve; a competitive advantage over most wealth managers. When Collin was managing institutional portfolios, he learned directly from William O’Neil + Co, the data analysis and investing style of its founder, William O’Neil. O’Neil founded Investor’s Business Daily and William O’Neil + Co. which provides investment analysis to top hedge funds and mutual fund managers.
For someone who is sought after by power movers in many industries, we found Collin to be quite humble. No doubt he is confident in what he does, he has real passion for keeping on top of his game in the ever-changing markets. He considers it an honor to be fortunate enough to use his talents to help many families grow their wealth and legacy.
3W: What are common mistakes that the intelligent investor should look out for?
Collin: Not selling! In my opinion, holding onto last year’s losers is a very costly mistake. More people have lost money because they fall in love with a sector or a stock that has become like their pet which they never want to sell. Not selling losers and redirecting that money into something more productive is a mistake that everybody makes.
3W: What do you do differently for your clients?
Collin: We manage our client’s money on a proactive basis so we’re ready to buy into the market when there is opportunity to make money for you and get you out to minimize any loss. We do what you’re currently paying your financial advisor to do but may not be getting.
3W: Then what should we have in our portfolio?
Collin: You need something in your portfolio that has the ability to out-perform when the market goes down; you need some type of mechanism where you’re going to cash, and another mechanism knowing when the appropriate time is to buy back in. If you don’t have those you might as well just buy the S&P 500 and call it a day because you’re just paying management fees.
3W: So you’re on top of your client’s portfolios on a daily basis, what indicators and methods do you use?
Collin: We analyze data from 3,000 money managers in the country and we ask them if they’re bullish, bearish, or neutral. We look at the percentage difference between advisors who are bullish and those who are bearish. If there are too many bearish managers we know the market may be bottoming. If there are too many bullish managers we know the market may be topping. We look for readings that have been very consistent over time before we take action.
3W: What else do you research for market indicators?
Collin: Generally, we look at market direction, technical indicators (such as the 200-Day Moving Average), and we look at some tactical indicators. However, the psychological indicators are probably one of the best indicators you’re ever going to have in the market. In addition, there’s a system where we screen for current and annual earnings per share, new products, services or new management in the company; we look at some type of catalyst or trigger that we think is going to make the stock go up, and we also want to make sure it’s a leader in the industry.
3W: In layman’s terms?
Collin: We want to be invested in the leaders of an industry because there’s a reason they’re a leader. We want to be in companies that are big enough, that have institutional sponsorships where mutual funds and hedge funds are buying these companies aggressively; that’s really the fuel that makes stocks go up. But in the final analysis, none of this works unless the market is going in the right direction.
3W: If our readers are interested in what you might do for their portfolio how should they contact you?
Collin: I’m a family man just like them. Please have them call me at (310) 647-8041 or they can email me. I love to talk about the markets with people who are interested. If you already have an advisor I’m happy to take a look and give you a second opinion. You may have started investing years ago and all you have been doing is rebalancing every year. That might not be the best portfolio for you. That is why we rebalance to the current market indicators and your unique situation. Also, they can simply call or email us and we can provide them with a weekly market recap and/or timely investment ideas.
Past performance is not indicative of future results. This material is for informational purposes only, and not intended to replace the advice of a qualified tax advisor, attorney, accountant or financial advisor. RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC
Senior Vice President – Financial Advisor
2361 Rosecrans Avenue, Suite 460
El Segundo, CA 90245