Have we seen the beginning of the Great Rotation?

January 2017  By: MALCOLM BUTLER, JD

Over the past 35 years, interest rates on bonds have been in a gradual decline. The decline in interest rates has gone hand-in-hand with rising bond valuations since bond values move inversely to interest rates. Bond investors have thus enjoyed a long period of rising returns due to market appreciation in addition to the interest…

Read More

Expectations for Future Equity Returns

January 2017  By: JOEL GOODMAN, CFA, SCOTT McGHIE, CFA, CPA, ALEX MORRIS, CFA, MBA

The S&P 500 reported its eighth consecutive year of positive returns in 2016, a feat last achieved in the 1990’s. That winning streak appeared in question in early November, with the S&P 500 up roughly 2% for the year. As the U.S. Presidential election approached, the consensus among market prognosticators was that a win for…

Read More

The Benefits of Trusts

January 2017  By: JULIA BUTLER, CFP®, JD, MBA

Trusts can serve many purposes in a family’s financial, retirement, estate, and tax planning. Trusts can ensure that assets are professionally managed across generations and distributed in line with the grantor’s intentions. Trusts can, among other things, remove assets from one’s estate, carry out charitable intent, reduce income taxes, protect beneficiaries from spendthrift propensities, protect…

Read More