Fourth Quarter 2015 International Perspective

February 09, 2016 | International Markets

At the beginning of the fourth quarter, an optimistic outlook for commodity prices and accommodative monetary policy of major central banks drove global equity markets higher. As the period progressed, renewed concerns over China’s growth trajectory emerged amid economic data that came in below consensus expectations. This helped push commodity prices to new lows and undermine investor sentiment, which weighed on equities.

Vantage » Research Note: January 2016

February 09, 2016 | Market Commentary

2016 has made quite an entrance so far with the S&P 500 experiencing the worst beginning to a calendar year (through the first 10 trading days of the year) in history. The financial press has attributed the recent volatility to a variety of suspects, including concerns about Chinese economic growth, falling oil prices, fears of a U.S. recession, and the possibility of a policy mistake by the U.S. Federal Reserve.

February 2016 Perspective

February 05, 2016 | Market Commentary

An advance estimate of real gross domestic product (GDP) showed the economy expanded at a 0.7% annualized rate in the fourth quarter, down from 2% in the third quarter and 3.9% in the second quarter.

Cindy Lapoff

Cindy Lapoff

Legal and Regulatory Consultant

Regulatory FAQs: The ACA and January 31 Open Enrollment Deadline

January 28, 2016 | Retirement Plans

For many, the cost of health care is a very real, recurring expense that requires planning and management. As employers move to defined contribution health care structures and individuals become more responsible for their own health insurance decisions, financial advisors can...

Markets & Economy » Addressing Long-Term Goals During Short-Term Volatility

January 26, 2016 | Market Commentary

Assumptions about future returns are made every day by a wide variety of investors. These assumptions are often based on annualized returns that can mask tremendous amounts of performance variation.

Vantage » Focusing on Long-Term Return Objectives in a Low Return World

January 22, 2016 | Active Management

Assumptions about future returns are made every day by a wide variety of investors. Defined benefit pension plans rely on return assumptions to calculate funding status and necessary contributions while individual investors use them as a guide to determine if they are properly saving for retirement.

Markets & Economy » The Market Rides the Volatility Wave — What to Know About China

January 20, 2016 | Market Commentary

U.S. equity markets got off to a rough start in 2016. During the first week of the year, major domestic indices were down around 6%, with the S&P 500 registering its worst five-day performance to open a year in history. Volatility continued last week. As with the market downturn last summer, China was at the center of discussions about equity market performance.

Webinar: 2016 Outlook

January 15, 2016 | Market Commentary

In today’s environment, it may be difficult for investors to focus on long-term goals while facing short-term volatility. Managing Director, Christopher Petrosino, and Darin Leone, Portfolio Strategist, discuss how to find opportunity in the new year through an active and flexible approach.

Contribution Limits, Tax Rates, and More for 2016

January 14, 2016 | Wealth Management

Every year the IRS announces numerous changes to contribution limits and tax rates that are important to know for investing and tax planning purposes. In many cases, the information can be difficult to locate or outright confusing to break down.

Jim Ebenhoch

Jim Ebenhoch

Endowment/Foundation Consultant

Why Your Organization Should Consider Planned Giving

January 13, 2016 | Investment Themes

Planned giving is a creative process of supporting nonprofits and charitable organization to enable philanthropic donors to make larger gifts than otherwise possible from annual disposable income.

Markets & Economy » Inflation is Not Dead: What to Expect in 2016

January 11, 2016 | Fixed Income

Years of disinflation coupled with very low market expectations for future inflation have lulled many investors into a false sense of security that inflation can’t happen in the U.S.

January 2016 Perspective

January 05, 2016 | Market Commentary

Following its two-day December meeting, the U.S. Federal Reserve’s policy setting Federal Open Market Committee decided to adjust the federal funds policy interest rate for the first time since December 2008.

January 2016 YourShare

January 04, 2016 | Market Commentary

The latest report on U.S. nonfarm payrolls showed they surged in October by the most this year. The addition of 271,000 jobs made up for weaker figures in August and September and pushed the three-month average for new jobs to about 190,000.

Webinar: Challenges and Opportunities for Endowments & Foundations in 2016

December 29, 2015 | Investment Themes

Nicholas Cintineo and James Ebenhoch discuss our investment outlook and actionable ways to combat some of the biggest investment and development-related challenges facing non-profits.

Vantage » Country in Focus: India

December 21, 2015 | Emerging Markets

India is currently one of the fastest growing economies in the world, in addition to being one of the largest. It is likely to surpass Italy and Brazil in nominal GDP within a year or so, and it will almost certainly surpass China as the fastest growing major economy in 2015.

Ethan McKenney

Ethan McKenney

Senior Wealth Management Consultant

Required Minimum Distributions from Inherited IRAs

December 18, 2015 | Wealth Management

As the end of the year approaches, it’s important to be aware of certain withdrawal requirements for owners of IRAs. Many may be aware that Required Minimum Distributions (RMDs) from IRAs begin in the year when an IRA owner...

Markets & Economy » The Fed Concludes its Countdown to Liftoff

December 17, 2015 | Fixed Income

Following its two-day December meeting, the U.S. Federal Reserve’s policy setting Federal Open Market Committee (FOMC) decided to adjust the federal funds policy interest rate for the first time since December 2008. The rate will increase from a range of 0% to 0.25% to a range of 0.25% to 0.5%.

Vantage » U.S. Labor Market Monitor

December 15, 2015 | Domestic Markets

As the Fed announces December 16 whether a hike in interest rates at this stage of the economic cycle is appropriate, a major consideration of policy officials will be the current state of U.S. labor markets. For an in-depth perspective into the various indicators we monitor to assess the health of labor market activity, we offer our updated chartbook, the United States Labor Market Monitor.

Ebrahim Busheri

Ebrahim Busheri

Director of Research

Selectivity Drives Opportunity in 2016

December 14, 2015 | Active Management

As we head into 2016, we provide our view of what to expect in global financial markets, and review how we expect the selective approach offered by active management to reward long-term investors.

Finding Value in Corporate Actions

December 14, 2015 | Active Management

Often, an uptick in corporate action activity corresponds with an overheated equity market. Management teams, influenced by strong positive market sentiment, look for additional ways to push stock prices higher after fundamental multiple expansion has run its course. Is today’s increase in corporate action activity a signal that the U.S. equity markets are reaching a peak?