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July 27, 2021
Latest Podcast
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July 9, 2021
Q221: Quarter in Review

Still surging from the pandemic bottom, global stocks continued a run that followed last fall’s pandemic resurgence. After struggling in the first quarter as rates generally rose on account of expectations for increased growth (and potentially excess inflation), bonds regained some of that ground lost as inflation fears subsided (a bit). After leading the pack […]

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July 2, 2021
Risk Is. Return Might

In our advisory work, we find two perspectives provide the basis for determining a level of exposure to investment risk appropriate for each client: capacity to take on investment risk and willingness to take on that risk. While capacity can be seen as more quantitative in its basis, an assessment of risk tolerance generally is […]

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June 4, 2021
Factors With Legs

The relative performance of our favored equity characteristics have set a few records over the past year, with small-cap and value-oriented stocks having found renewed favor among investors. Perhaps that should not come as a surprise, given the lengthy period of underperformance that both factors had and still have been experiencing. Despite the nearer-term relative […]

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May 7, 2021
Reminder for Next Time

We long ago learned that adhering to an existing plan, seeking to make adjustments only where truly necessary, remains the smarter course for achieving investment success. Often, that means retaining an investment strategy when it can feel the most uncomfortable to do so. But while that discomfort might seem unbearable for a time, history shows […]

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April 7, 2021
Q120 Quarter in Review

Starting just about at the bottom of the dramatic plunge at the onset of the COVID-19 pandemic, the prior twelve months have proved remarkable from a total return standpoint. In the latest quarter, stocks furthered a ramp out of the downturn’s trough. Though domestic stocks continued to rise in 2021, international stocks furthered their strong […]

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April 2, 2021
Tendency to Stabilize

The rule that all investing carries risk applies even to bonds. The negative price impact of rising rates over the past few months proves that case well. Even so, bonds in our view remain a fine compliment to equity exposures for those wishing to dampen overall portfolio volatility. To this day bond price swings remain […]

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March 5, 2021
Brief History of Return and Risk

Even without the pandemic or the U.S. election, market returns alone would have made 2020 an abnormal year. Adding to their peculiarity, though, was the fact that global equity markets at one point in 2020 had lost a third of their value from a prior peak. The historic drawdown and the ensuring gargantuan rally, all […]

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February 5, 2021
Not the Only Game in Town

For a moment, you'd have thought there were no other stocks in the world. Though a handful of names were caught up in what's proved so far to have been a short-lived frenzy, one dominated headlines. And by dominated, we mean to suggest it seemed there was no other news, as electronic gaming retailer GameStop […]

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January 18, 2021
Model Repositioning

Via this update to our investment models, we have sought to boost flexibility to bolster income potential across the model spectrum. Among the more aggressive models (as defined primarily via exposure to equity), we have consolidated positions that maintained potentially more aggressive exposures to credit and duration risk. We similarly expanded such flexibility among less-aggressive […]

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