The Applied Finance Group

Last updated
The Applied Finance Group
Type Private
IndustryEquity Research
Founded1995
Headquarters Chicago, Illinois
Key people
 Rafael Resendes, Co-Founder
Dan Obrycki, Co-Founder
Website AFG 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]

Contents

Founders

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

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

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]

Related Research Articles

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Co-founder of The Applied Finance Group, managing director at Applied Finance Advisors, and Co-founder Applied Finance Capital Management. Resendes was raised in Atwater, California and moved to Chicago, Illinois in 1989 after receiving his bachelor's degree.

Dan Obrycki is the co-founder of The Applied Finance Group. Obrycki and Rafael Resendes together created Economic Margin (EM), AFG's proprietary framework, to evaluate corporate performance from an economic cash flow perspective. Obrycki is the head of AFG's main office in Chicago.

Value Expectations (VE) is a stock blog and investment newsletter. Value Expectations was created by Dan Obrycki and Rafael Resendes, the founders of The Applied Finance Group and Toreador Research and Trading. Value Expectations is an interface for investors and is meant to serve as an outlet covering topics on corporate performance and equity valuation.

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References

  1. ↑ "About the Applied Finance Group".
  2. ↑ "Economic Margin".
  3. ↑ "Toreador Research & Trading". Archived from the original on 2009-10-15. Retrieved 2009-06-29.
  4. ↑ "Business Street fresno". Archived from the original on 2011-07-08. Retrieved 2009-09-22.
  5. ↑ "MoneyShow.com Speaker Page". Archived from the original on 2011-07-14. Retrieved 2009-09-22.
  6. ↑ "Energy & Consumer Plays". CNBC . 7 January 2009.
  7. ↑ "CNBC Stock Blog — Long Buys - CNBC". CNBC . Archived from the original on 2011-06-12. Retrieved 2009-06-30.
  8. ↑ "All aboard with railroad stocks - Aug. 19, 2008". Archived from the original on 2009-05-19. Retrieved 2009-06-30.
  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. ↑ "Daniel Obrycki - Applied Finance Group Co-Founder | Global, Independent, Institutional Equity Research". Archived from the original on 2011-07-10. Retrieved 2009-09-15.
  12. ↑ "Value Expectations – by the Applied Finance Group".
  13. ↑ "Economic Margin Knowledge Center and Forum – 12manage".
  14. ↑ "CBSi". FindArticles.com. Retrieved 2022-02-19.
  15. ↑
  16. ↑ "Morningstar, Inc".
  17. ↑ "AFG 50 vs. S&P 500 ETF (2004–2018)".
  18. ↑ "AFG the Applied Finance Group" (PDF).
  19. ↑ "CEO Wealth Creators… and Destroyers | Articles | Chief Executive - the magazine for the Chief Executive Officer". Archived from the original on 2008-12-23. Retrieved 2009-06-29.
  20. ↑ "Equity Research Blog and Investment Newsletter | Value Expectations: Stock Research, Investment Newsletter, Global Equity Research". Archived from the original on 2009-07-06. Retrieved 2009-06-29.
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