// Workers AI · dad joke modeWhat did The Applied Finance Group say to the math book? "You can count on us.
| Type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1995 |
| Headquarters | , |
Area served | Worldwide |
| Key people | Rafael Resendes (Co-Founder), Dan Obrycki (Co-Founder) |
| Services | Securities research |
| Website | www |
The Applied Finance Group (AFG) is an American institutional equity research firm founded in 1995 by Rafael Resendes and Dan Obrycki.[1][2]
History
[edit]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.[3][4][5] In 2001, Morningstar, Inc. adopted AFG's Methodology to launch the Morningstar Rating for stocks.[6] 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.[7][8] 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.[9] In 2009 AFG began providing research internationally for the first time in the company's history.
Founders
[edit]Applied Finance Group was co-founded Rafael Resendes and by Dan Obrycki.
Rafael Resendes
[edit]Resendes is the Managing Director for Toreador Research and Trading.[10]
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.[11][12]
Resendes has also contributed his insight to various news outlets such as CNBC, CNN, Fox News, RealClearPolitics.[13][14][15][16][17]
Dan Obrycki
[edit]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.[18]
Obrycki has also served as an adjunct professor at DePaul University in Chicago.[19]
Value Expectations
[edit]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
[edit]- ↑ "About the Applied Finance Group".
- ↑ "Economic Margin".
- ↑ "Economic Margin Knowledge Center and Forum – 12manage".
- ↑ "economic margin". Accountancy SA. July 2008. Archived from the original on March 15, 2009. Retrieved 2022-02-19.
- ↑
- ↑ "Morningstar, Inc".
- ↑ "AFG 50 vs. S&P 500 ETF (2004–2018)".
- ↑ "AFG the Applied Finance Group" (PDF).
- ↑ "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.
- ↑ "Toreador Research & Trading". Archived from the original on 2009-10-15. Retrieved 2009-06-29.
- ↑ "Business Street fresno". Archived from the original on 2011-07-08. Retrieved 2009-09-22.
- ↑ "MoneyShow.com Speaker Page". Archived from the original on 2011-07-14. Retrieved 2009-09-22.
- ↑ "Energy & Consumer Plays". CNBC. 7 January 2009.[dead link]
- ↑ "CNBC Stock Blog — Long Buys - CNBC". CNBC. Archived from the original on 2011-06-12. Retrieved 2009-06-30.
- ↑ "All aboard with railroad stocks - Aug. 19, 2008". Archived from the original on 2009-05-19. Retrieved 2009-06-30.
- ↑ Archived at Ghostarchive and the Wayback Machine: Rafael Resendes on Fox Bulls and Bears. YouTube.
- ↑ "Time to Crack Piggy Bank for HOG? | RealClearMarkets".
- ↑ "Daniel Obrycki - Applied Finance Group Co-Founder | Global, Independent, Institutional Equity Research". Archived from the original on 2011-07-10. Retrieved 2009-09-15.
- ↑ "Value Expectations – by the Applied Finance Group".
- ↑ "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.