The Applied Finance Group

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The Applied Finance Group
TypePrivate
IndustryEquity Research
Founded1995
HeadquartersChicago, Illinois
Key people
Rafael Resendes, Co-Founder
Dan Obrycki, Co-Founder
WebsiteAFG Economic Margin

The Applied Finance Group (AFG) is a global, institutional equity research firm founded in 1995 by Rafael Resendes and Dan Obrycki.[1][2]

Founders[]

Rafael Resendes

Main article: Rafael Resendes

Co-founded the Applied Finance Group and is Managing Director for Toreador Research and Trading.[3]

Prior to co-founding AFG, Resendes was a member of the Chicago Board of Trade and served as director of research for HOLT Value Associates. Rafael graduated Phi Beta Kappa from The University of California, Berkeley, with a Bachelor of Science in Finance and Economic Analysis and obtained an MBA from the University of Chicago.[4][5]

Resendes has also contributed his insight to various news outlets such as CNBC, CNN, Fox News, RealClearPolitics.[6][7][8][9][10]

Dan Obrycki

Main article: Dan Obrycki

Prior to co-founding AFG, Obrycki was the manager of research for a portfolio consulting firm, HOLT Value Associates. Daniel graduated summa cum laude from the University of Missouri-Rolla with a BS in geological engineering and obtained his MBA with a finance specialization from the University of Chicago.[11]

Obrycki has also served as an adjunct professor at DePaul University in Chicago.[12]

History[]

In 1995 Rafael Resendes and Daniel Obrycki founded the Applied Finance Group in Chicago, Illinois as an independent research company. AFG sought to build a more sophisticated Value Based Metric to measure a company's true economic profit. With that goal in mind, AFG developed its proprietary framework, Economic Margin (EM), to evaluate corporate performance from an economic cash flow perspective.[13][14][15] In 2001, Morningstar, Inc. adopted AFG's Methodology to launch the Morningstar Rating for stocks.[16] AFG expanded to its second office in Fresno, California in 2003. Resendes relocated to work as head of the Fresno Office, while Obrycki managed from Chicago.

In 2004, AFG created a large cap model portfolio of stocks called the AFG50. AFG created the AFG50 portfolio to provide Trust Departments and small RIAs a product that could serve as an outsource/research team.[17][18] Later that year AFG partnered with Chief Executive Magazine and Drew Morris, CEO of "Great Numbers!", to launch the Chief Executive/Applied Finance Group Wealth Creation Rankings, a research instrument used to rank companies based on their value and ability to create value.[19] In 2009 AFG began providing research internationally for the first time in the company's history.

Value Expectations[]

Main article: Value Expectations

AFG launched Value Expectations in 2008, a stock blog and investment newsletter. Value Expectations was created to serve as an outlet covering topics on corporate performance and equity valuation.[20]

References[]

  1. ^ "About the Applied Finance Group".
  2. ^ "Economic Margin".
  3. ^ "Archived copy". Archived from the original on 2009-10-15. Retrieved 2009-06-29.{{cite web}}: CS1 maint: archived copy as title (link)
  4. ^ "Archived copy". Archived from the original on 2011-07-08. Retrieved 2009-09-22.{{cite web}}: CS1 maint: archived copy as title (link)
  5. ^ "Archived copy". Archived from the original on 2011-07-14. Retrieved 2009-09-22.{{cite web}}: CS1 maint: archived copy as title (link)
  6. ^ "Energy & Consumer Plays". 7 January 2009.
  7. ^ "Archived copy". Archived from the original on 2011-06-12. Retrieved 2009-06-30.{{cite web}}: CS1 maint: archived copy as title (link)
  8. ^ "Archived copy". Archived from the original on 2009-05-19. Retrieved 2009-06-30.{{cite web}}: CS1 maint: archived copy as title (link)
  9. ^ Archived at Ghostarchive and the Wayback Machine: Rafael Resendes on Fox Bulls and Bears. YouTube.
  10. ^ "Time to Crack Piggy Bank for HOG? | RealClearMarkets".
  11. ^ "Archived copy". Archived from the original on 2011-07-10. Retrieved 2009-09-15.{{cite web}}: CS1 maint: archived copy as title (link)
  12. ^ "Value Expectations - by the Applied Finance Group".
  13. ^ "Economic Margin Knowledge Center and Forum - 12manage".
  14. ^ http://findarticles.com/p/articles/mi_qa5377/is_200807/ai_n27997258/
  15. ^ *[1] About AFG (EconomicMargin.com)
  16. ^ "Morningstar, Inc".
  17. ^ "AFG 50 vs. S&P 500 ETF (2004-2018)".
  18. ^ "AFG the Applied Finance Group" (PDF).
  19. ^ http://www.chiefexecutive.net/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=D6D134A273AD4CB6AAE9E1913E50C156
  20. ^ "Archived copy". Archived from the original on 2009-07-06. Retrieved 2009-06-29.{{cite web}}: CS1 maint: archived copy as title (link)

External links[]

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