Broker Check

July 2018

Victoria Receives National Recognition

We are thrilled to announce that our Chief Executive Officer, Victoria Bogner, has been recognized as an honoree in InvestmentNews’ 2018 40 Under 40 List.¹

The 40 Under 40 project is designed to reveal top young professionals who do remarkable work in the financial industry. When reviewing nominees, there are four criteria — accomplishment, contribution, leadership, and promise. The editorial team reviewed about 1,000 nominations, which included entrepreneurs, educators, and Ph.D. candidates. The 40 individuals selected represent some of the brightest young advisors and associated professionals in the financial industry.

“Winners were chosen based on their level of accomplishment, contribution to the financial advice industry and leadership,” explains Frederick P. Gabriel Jr., editor of InvestmentNews. “They are role models for other young individuals who are striving to make a difference.”

When Victoria chose to be a part of McDaniel Knutson 12 years ago, she was determined to become the best financial advisor she could be. “I knew that ‘average’ wasn’t an option at McDaniel Knutson,” she said. “Everyone here is exemplary, and I wanted to prove that I was worthy of their belief that I could be exceptional, too.”

After joining the investment committee and gaining her Certified Financial Planner® (CFP) designation, Victoria realized that she wanted even greater experience in money management. That desire drove her to become a Chartered Financial Analyst (CFA) charterholder, one of the highest distinctions in the investment management profession. She has become a partner of the firm and taken over the role of CEO.

“Victoria is a privilege to work with and sets the bar higher for everyone. This couldn’t have happened to a more deserving and harder working person,” according to our president, Pete Knutson. “We knew we had a first-round draft pick when Victoria joined us in 2005; now she’s on her way to the Hall of Fame. She might be a little surprised at her success, but we aren’t.”

“The 40 under 40 project looks for leadership and contribution to the industry as well as the community,” shared Tim Miller, McDaniel Knutson’s regional director for Cetera Advisor Networks. “Victoria covers all these and much more. She certainly exemplifies the tremendous potential for the future of the financial advice industry.”

We hope you will join us in congratulating Victoria. To find the full 40 Under 40 experience, visit InvestmentNews.com.

¹ Find the article about Victoria HERE

Listing in this publications/and or awards is not a guarantee of future Investment success. This recognition should not be construed as an endorsement of the advisor.

Market Commentary: Red Flags for Stock Market News

Written June 18, 2018


Lately it appears that some commentary writers will grab just about anything to support a theory. Once published on a popular news site, such articles seem to gain instant credibility and strike the fear of God into the reader. But are they true? How can you know? I’m glad you asked. It does not seem to matter that the theory may be tenuous and, when given hard scrutiny, doesn’t stand up. This, dear reader is a major beef I have with stock market news outlets. I believe that if an author is going to make a point, he should use correlated data from a relevant time period to support his claims.

As a writer of market commentaries, my goal is to provide clear and accurate information for you. Here are three pieces of advice on when to walk away from a market commentary.

  1. The author or quoted analyst in the article has a poor track record when it comes to making the right calls. I don’t need to remind our readers of what happened to the boy who cried wolf. I’m aware of a few strategy analysts in our industry who make their living by continuously making inflammatory and negative calls about the market. If you find that reading a commentary leaves you feeling as if the sky is falling, you may have come across one such author. Notice that they often use just one data point to back up their claim, which brings me to my second piece of advice.
  2. Only one data point is referenced when backing up a claim. If you find an article that begins by saying something such as, “Rising interest rates are the warning bell that a recession is definitely coming soon,” STOP READING. Many variables should be used to back up this claim, not just one. Interest rates are rising, but are they climbing because the economy is improving? If other countries keep their interest rates low, that may cause higher demand for U.S. bonds. What if interest rates rise more slowly than the market has priced in? Each scenario could be positives for stocks and overthrow this original hypothesis that the market always falls when interest rates rise.
  3. Irrelevant data is used to make a point. On June 15th President Trump announced a 25% tariff on up to $50 billion in Chinese imports. China retaliated by raising import duties on $34 billion worth of American goods, including soybeans, electric cars, and whiskey. However, CNBC published a “related” article stating “…orders are being cut and investments delayed. American farmers are losing sales as trading partners hit back with duties of their own.”1 The article uses a reference to airfreight traffic, yet such traffic was flat before talk of tariffs. The article also mentions impacts on container ships, but there has been no growth in freight in seasonally adjusted terms since last fall. Since trade tariffs have only become a hot-button topic as of March this year, how are these references relevant to this discussion? How can we know that these slow-downs are direct links to trade war fears and not unrelated factors?

I’d like to note that I do believe a trade war would be a huge detriment to the global economy. This is a risk I am paying particularly close attention to. But again, if an article is going to make a point, it should use applicable, correlated data from a relevant time frame to support its claims.

There are more tips I could tell you about, but these should help you identify potential bias when digesting such commentaries. Be a critical reader. Start skeptical, check references, and research authors. If you find an article that you’re not sure about, send it our way and ask us what we think. We try not to be sensational; we simply see it as our mission as fiduciaries to give you the best advice we possibly can.**

- Victoria Bogner, CFP®, CFA, AIF®

¹https://www.cnbc.com/2018/06/17/new-york-times-digital-just-the-fear-of-a-trade-war-is-straining-the-global-economy.html

Disclaimers and Notes
Registered Representatives offering securities and advisory services through Cetera Advisor Networks LLC, member FINRA/SIPC Advisory services also offered through McDaniel Knutson Financial Partners. Cetera is under separate ownership from any other named entity.

The views are those of Victoria Bogner and should not be construed as investment advice. All information is believed to be from reliable sources, however, we make no representation as to its completeness or accuracy and is not a complete summary or statement of all available data necessary for making an investment decision. Any information provided is for informational purposes only and does not constitute a recommendation. Economic and performance information is historical and not indicative of future results.

Investors cannot invest directly in indexes. The performance of any index is not indicative of the performance of any investment and does not take into accounts the effects of inflation and the fees and expenses associated with investing.

Listing in this publication and/or award is not a guarantee of future investment success. This recognition should not be construed as an endorsement of the advisor.

Our Work in India Continues

If you read our June newsletter, you learned about our partnership with Just Food to fight poverty and hunger here in Lawrence. But did you know we also work to fight poverty and hunger globally by adopting villages in India?

That’s right, India. How did we choose that country? Well, Wayne McDaniel has always had a heart for the Indian people and he wanted to do something big. In 2005, after learning of an organization called the India Gospel League (IGL), he knew it would be an incredible partnership. IGL is an indigenous organization that is committed to bringing hope and opportunity to rural villages there. Their primary goal is for villages to be self-sustaining after a period of 5 years. This is accomplished by providing, among other things, education, clean water, a medical clinic, housing, and a production facility. It is a genuine hand-up instead of a hand-out.

After much conversation and reflection, McDaniel Knutson adopted our first village in 2006. Yes, you read that correctly, we adopted an entire village with a population of about 7,000 people. And in case you’re wondering, it was a huge success. The community was indeed self-sustaining after five years and continues to thrive today. We were so pleased that we’ve adopted two more villages during the past 12 years.

The results have been compelling. We’ve seen mortality rates dramatically decline, with the rate of suicide decreasing from 1 every two weeks to 1 in the past two years after the program was completed. Literacy rates have significantly increased. Women now have the ability to obtain microloans to start businesses. Women-led support groups have been developed and serve to improve themselves and the lives of their children. This tells us that our mission of bringing hope to these communities is being accomplished and we are deeply honored to be a part of it.

We offer our staff (and their family members) the opportunity to travel to India so they can see and serve the villages we support. We try to make these visits every three years. Wayne and Jude’s daughter, Corrie McDaniel, joined us on one such trip. As a pediatrician, she provided about 10 hours of medical clinics to those families. Another big hit was Pete Knutson’s children. It was fun to see the kids from different cultures become instant friends, playing together with soccer balls and Frisbees. The Knutsons also allowed the local kids use their cell phones for hundreds of selfies.

While on our trips we have fed leper colonies, served at orphanages, drilled water holes, built houses, worked to increase literacy, planted orchards, distributed micro-loans, and much more. We genuinely gain more than we give on these trips. The joy, warmth, and love extended by those in the villages completely envelop us each time we visit. It is indeed life changing; not only for them but for us as well.

Last month we were paid a visit from Becky Stanley, a member of IGL, who is touring the United States. She provided us with updates and shared photos of the continued progress of our adopted communities. To learn more about our work in India, please visit our philanthropy page by clicking the "Learn more" button below. If you would like to hear more about our work in India, give us a call. Or, why don’t you plan to join us when we make our next trip? The more, the merrier!

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Thank you for attending Camelot with us!

We hope everyone who was able to join us for Camelot had as much fun as we did! Jude stole the show before the opening act with her warm welcome on behalf of McDaniel Knutson.

We would also like to say congratulations to the winners of our drawing! Gaile Stephens went home with tickets to the Arterra Dinner Experience. Joyce Mullenix and Karen Chouinard each won a bottle of sparkling wine.

And your eyes are not deceiving you, King Arthur knighted Wayne after the show. You may now call him “Sir Wayne.”

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Office Closed