News > Wealth Management

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
Advisors Capitulate in the Face of Rising Markets
In 1999, after one of the biggest bull markets of the century, advisors seemingly abandoned caution. Despite their stratospheric valuations, assets flowed into growth and technology stocks and out of risk-managed and value funds. Investors who earned only 20% likely complained wildly to their advisors that they had only captured a fraction of the Nasdaq Composite return which gained over
Value Investing: Is Life Imitating Art?
Perhaps no other style of investing possesses the same degree of lore, scholarship, and celebrity as value investing. While names such as David Einhorn, Seth Klarman, and Joel Greenblatt may be household ones among diehards, Warren Buffett certainly has broad recognition even outside of the investment community. Value investing even has its very own, bona fide bible. Yet, despite all
Why Should Investors Consider Alternatives?
Explaining the basics of alternative strategies Alternative investments (alts) were first embraced by institutions, and some people still view them as a complex solution for complex needs. However, a growing number of alternative strategies are now available via mutual funds. This allows alts to be used by everyday investors to help meet three of their most common investment objectives: building
Three Ways to Give Internationally: Lessons on High-Impact Philanthropy
Lessons on high-impact philanthropy from the Stanford Philanthropy Innovation Summit I was honored to attend the 2017 Philanthropy Innovation Summit at the Stanford Center on Philanthropy and Civil Society. The intensive day-long program gathers thought leaders in Palo Alto to discuss research, best practices, and new strategies that can increase philanthropic impact. I heard inspiring stories about charities around the
Investment Models
“Having missed most of the bull market over the past nine years, a great many investors have pronounced that we are now, at last, in a bear market. I do not know. What I do know is that our companies are doing better than I could have ever hoped, their current prices seem reasonable, and their futures look very bright.”
How to Face the Next Bear Market With Confidence
We’re about nine years into the economic recovery following the Great Recession. It’s been an extraordinarily profitable period for the stock market—one of the best in U.S. history—and I hope you’ve participated. But every bull market ends with a bear market, and while no one knows for sure when that will be, it’s probably safe to assume we’re in the
How to Avoid a Fund Blow Up
#GapYear1992 Its 2.4 miles from Hampstead Village to Golder’s Green in London. A 12 minute drive thru narrow, winding roads during non-peak hours. We did it in 6! At 2am in the morning. To the ear splitting music of “Under the Bridge” by the Red Hot Chili Peppers I had just finished my shift. Read more at Advisor Perspectives. Photo:
Take the Long-Term View in a Late-Cycle Market
The U.S. inflation story made further inroads this month, with year-over-year price growth for consumers and producers alike hitting multiyear highs. U.S. consumer prices expanded at their strongest pace in more than six years, climbing to an annual change of 2.8 percent in May. Prices for final demand goods, meanwhile, grew 3.1 percent, their strongest annual surge since December 2011.