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Extraction Summary
3
People
6
Organizations
2
Locations
3
Events
3
Relationships
2
Quotes
Document Information
Type:
Financial research report / conference summary
File Size:
Summary
This document is page 55 of a Bank of America Merrill Lynch report from the '2016 Future of Financials Conference' held on November 17, 2016. It features a chart on the expected drivers of success for robo-advisors and summarizes a panel discussion on the multifamily real estate market. Panelists John Jardine, David Brickman, and Alan Fishman concluded that the market was on 'solid footing' with risks mainly confined to high-end markets like New York and San Francisco.
People (3)
| Name | Role | Context |
|---|---|---|
| John Jardine | Co-CEO of Ares Commercial Real Estate Corp |
Mentioned as a panelist in a discussion on the state of the multifamily market.
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| David Brickman | Executive Vice President and the Head of Multifamily business at Freddie Mac |
Mentioned as a panelist in a discussion on the state of the multifamily market.
|
| Alan Fishman | Chairman of the Board at commercial real estate investment trust Ladder Capital |
Mentioned as a panelist in a discussion on the state of the multifamily market.
|
Organizations (6)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
Publisher of the report and host of the conference.
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| BofA Merrill Lynch Global Research |
Source of the chart data on robo advisors.
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| Department of Labor (DOL) |
Mentioned in relation to its Fiduciary Rule, which was a factor considered for the success of robo advisors.
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| Ares Commercial Real Estate Corp |
Employer of panelist John Jardine.
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| Freddie Mac |
Employer of panelist David Brickman.
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| Ladder Capital |
Company where panelist Alan Fishman is Chairman of the Board.
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Timeline (3 events)
2016-11-17
2016 Future of Financials Conference hosted by Bank of America Merrill Lynch.
Unknown
2016-11-17
Panel discussion on the multifamily market during the 2016 Future of Financials Conference.
Unknown
2016-11-17
Live audience poll during the multifamily market panel, where 60% of investors saw issues in the market as being limited to certain regions and rental price points.
Unknown
Investors
Locations (2)
| Location | Context |
|---|---|
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Mentioned as a high-end multifamily market with potential risks.
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Mentioned as a high-end multifamily market with potential risks.
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Relationships (3)
Both were listed as panelists for a discussion on the multifamily market at the 2016 Future of Financials Conference.
Both were listed as panelists for a discussion on the multifamily market at the 2016 Future of Financials Conference.
Both were listed as panelists for a discussion on the multifamily market at the 2016 Future of Financials Conference.
Key Quotes (2)
"The panelists view the multifamily market as having a solid foundation with most of the risk lying at the high end, class A properties in particular markets (New York, San Francisco)."Source
HOUSE_OVERSIGHT_014369.jpg
Quote #1
"Finally, all of the panel participants believe that the DOL Fiduciary Rule will not be repealed by the new administration, although it may be delayed."Source
HOUSE_OVERSIGHT_014369.jpg
Quote #2
Full Extracted Text
Complete text extracted from the document (2,077 characters)
Chart 81: What do you expect to be the main driver of success for robo advisors?
50%
44%
45%
40%
35%
30%
25%
25%
20%
15%
11%
11%
10%
8%
5%
0%
A low and transparent cost structure
An efficient technology and interface platform
Advanced portfolio construction that outperforms
Department of Labor fiduciary rule
Access to a human in volatile markets
Source: BofA Merrill Lynch Global Research
50%
44%
45%
40%
35%
30%
25%
25%
20%
15%
11%
11%
10%
8%
5%
0%
A low and transparent cost structure
An efficient technology and interface platform
Advanced portfolio construction that outperforms
Department of Labor fiduciary rule
Access to a human in volatile markets
Source: BofA Merrill Lynch Global Research
Finally, all of the panel participants believe that the DOL Fiduciary Rule will not be repealed by the new administration, although it may be delayed. In the end, this should benefit robo advisors, as most of the models have low fee structures and limited conflicts of interest.
State of the Multifamily Market: Cooling or Collapsing?
We hosted a panel to discuss the state and the outlook for the multifamily market following a year which has witnessed increased investor anxiety around multifamily loan growth and heightened scrutiny by banking regulators of multifamily loan portfolios, particularly at banks with a high concentration of multifamily loans. Our panelists included John Jardine, Co-CEO of Ares Commercial Real Estate Corp, David Brickman, Executive Vice President and the Head of Multifamily business at Freddie Mac and Alan Fishman, Chairman of the Board at commercial real estate investment trust Ladder Capital.
We hosted a panel to discuss the state and the outlook for the multifamily market following a year which has witnessed increased investor anxiety around multifamily loan growth and heightened scrutiny by banking regulators of multifamily loan portfolios, particularly at banks with a high concentration of multifamily loans. Our panelists included John Jardine, Co-CEO of Ares Commercial Real Estate Corp, David Brickman, Executive Vice President and the Head of Multifamily business at Freddie Mac and Alan Fishman, Chairman of the Board at commercial real estate investment trust Ladder Capital.
Multifamily on solid footing: The panelists view the multifamily market as having a solid foundation with most of the risk lying at the high end, class A properties in particular markets (New York, San Francisco). Even here, the panelists agreed that the issues at the high end segment were more likely to manifest themselves in the form of decelerating growth in rents (and increased incentives by landlords) as opposed to serious credit issues. Investors echoed this sentiment during a live audience poll with 60% of the investors seeing issues in the multifamily market limited to certain regions and at certain rental price points.
Bank of America Merrill Lynch
2016 Future of Financials Conference | 17 November 2016 55
HOUSE_OVERSIGHT_014369
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