News > Wealth Management

Next Recession Ahead? Fixed Income Investing Ideas in an Aging Expansion
SUMMARY While we do not view a recession as imminent, we think investors should be prepared for the cycle to turn over the next three to five years. When thinking about their fixed income allocations late in this cycle, investors should consider the risks posed by higher interest rates, an uptick in inflation and stretched valuations, among others. We believe
Asset Allocation Views: Late-Cycle Investing
There are ample signs of change in the wind: The Federal Reserve is raising short-term interest rates, and U.S. inflation is at target for the first time since 2012. The global trade order that has existed for decades is being disrupted. Several economic indicators are running hot even as the current U.S. expansion has begun its tenth year. Volatility is
Alternative Investments for the Real World
My last four blogs have defined alternative investments, explained why I believe investors should consider them, discussed performance expectations and outlined how to deploy alternatives in a portfolio. In this final installment of my series, I will apply these lessons to the current volatile market environment and discuss which alternatives may be able to help in various scenarios. Below, I’ve
Wisdom of Crowds: What Can We Learn From 8,000 People in 1974?
One of my favorite photos captures a line of over 8,000 people standing outside the Federal Reserve Bank of New York in August 1974 waiting to buy U.S. Treasury securities. With interest rates of 8.5% to 9.0%, investors craved these “high income” investments. Source: Federal Reserve Bank of New York The photo seems surreal today. For one thing, no one
Investing Is a House
If you’re like me, looking to build a house on your own, then the following should come as no surprise: In order to construct a new home, I first off have to know my strengths—and areas where I need to rely on experts and specialists instead. For instance, I know what I want my home to look like: two floors,
Charitable Giving Strategies Under the New Tax Law
The Tax Cuts and Jobs Act has generated a host of questions about tax and charitable planning in 2018 and beyond. Educating clients and guiding them to the most impactful and tax-smart charitable giving can help deepen your relationships and differentiate your practice. Kim Laughton, President of Schwab Charitable, sat down with Hayden Adams, CPA, Director of Tax and Financial
Income Fund Portfolio Managers Discuss Rising Rates and the Impact on Bond Investors
After years of relative calm, bond investors are suddenly facing the reality of rising interest rates in 2018. The portfolio management team for the PIMCO Income Fund, Daniel Ivascyn and Alfred Murata, discuss the implications for investors. Q: What would you say to bond investors who are worried about rising interest rates? Ivascyn: That is a very good question, and
Income Strategy Update: Sifting Global Change for Investment Opportunities
SUMMARY With PIMCO’s Secular Outlook as a guidepost, we are taking a more cautious and defensive approach in the Income Strategy while remaining poised to take advantage of market overshoots. We are maximizing the strategy’s flexibility, which includes increasing liquidity and diversification; unless we see a meaningful shift in market valuations, we plan to continue using diversification to temper volatility.
Why Meetings Matter
Leave a Comment In 1969, when a young George Russell decided he wanted to find the very best investors, he had a very basic question to answer: How? A big part of the answer to his question is what is known today as the manager meeting: Detailed interviews with managers on a defined set of topics that we believe are
Oh Behave!
I am often asked by prospects whether financial advisors add value? Being one, of course, I believe we add a great deal of value for our clients, in helping set and implement long-term financial goals, reviewing insurances and risk management strategies, being tax-efficient in all aspects of investing and estate/gift transfer issues, helping with education funding strategies, attempting to constantly