Chief Investment Officer David Donabedian recaps the first half of 2012 and provides an outlook for economic activity and financial markets in the third quarter of the year.
Altantic Trust Private Wealth Management highlights the following in their Economic and Investment Overview for the first quarter of 2014:Economy: Stronger global growth in 2014U.S. – less fiscal drag, more jobs. 3% growth achievable.Europe – slow recovery, deflation risks remain.Japan – “Abenomics” experiment working so far.Emerging economies – wi...
It is clear that affluent women today are involved, aware and knowledgeable about their wealth and wealth management. Indeed, more women are overcoming inherent obstacles and stereotypes by reaching out for additional financial knowledge and engaging experts as well as spouses to aid them in making prudent wealth management decisions.
While men continue to play a leadership role in their families when it comes to wealth management planning and decision-making, a growing number are inclined to discuss the family wealth and wealth transfer intentions with not only their spouses but also their heirs. Research indicates wealth-related decision-making is now a shared responsibility i...
In this edition of Market Insights, Glenmede provides an in-depth look at recent U.S. employment numbers and highlights the following:The post-recession employment recovery has been weak.The unemployment rate is falling, having reached 6.6 percent from a 2009 high of 10 percent.The declining labor force is the result of a natural evolution in demog...
In this Investment Strategy Update: A View From the Top Down, Atlantic Trust expands on the following:2014 has certainly met their expectation of “less return, more volatility” compared with last year.After a weak January, a strong February and a trendless March, the stock market is oscillating around a flat return so far this year.After a dismal 2...
On 18 March, the Russian Ministry of Finance published a draft law on anti-offshore measures (the Draft). This article by Withers LLP provides a thoughtful review of the Draft, which introduces three concepts:Controlled foreign companies rules (CFC)Russian tax residence for foreign companies based on tests of management and controlNew rules on taxa...
In the second quarter 2014 issue of Rockefeller & Co.’s Global Foresight, entitled “Mapping Out the Future,” David P. Harris, CFA, Chief Investment Officer, and Jimmy C. Chang, CFA, Chief Equity Strategist, take a closer look at potential opportunities within the generally-struggling emerging markets and contrast them to the developed markets. ...
Communication is found to be the most important factor for cohesion in families and sustainability of family wealth. As one of the key tenets to happy, healthy, and thriving families, it is essential for family members to dedicate the effort necessary to become better communicators. Practicing effective communications—including being open and ...
Following an unusually frigid winter, the weather has borne the brunt of blame for weakened economic statistics. While anecdotal evidence is overwhelming, identifying and quantifying the effects of the weather on economic data is difficult. In this white paper, Glenmede argues that the slowing economic growth of recent months reflects fundamental c...
Headlines about the financial stress on municipalities — combined with high profile downgrades, defaults and even bankruptcies — have led many to believe that high yield issuers must be in financial distress. The author, Nuveen Asset Management, believes that is generally not the case and explains why in this paper.Nuveen believes that ...
Research on income equality and social mobility yields compelling conclusions in support of both sides of the debate. For now, regardless of how the research evolves, it is safe to expect the U.S. will enter an environment of higher personal tax rates with further redistribution in the cards, something investors need to consider when weig...
Plante Moran provides an in-depth look at password security and sheds light on some of the hacking tools out there. These tools are far better at guessing than you may imagine and, at rates of up to billions of guesses per second, much more persistent.So, what are our options? How can we combat this rising issue?No password is uncrackable. Given en...
Today’s broad stock market is not a bubble. However, by virtue of its duration and current valuations, equities are in the mature phase of a bull market. That means a more sober pace of advance, with a lot riding on the economy and monetary policy.The author, Atlantic Trust Private Wealth Management, examines several crosscurrents that are bo...
On June 5, 2014, the European Central Bank crossed an important symbolic line by announcing plans to reduce the policy interest rate into negative territory. Included in this announcement was a host of complementary but nontraditional policy measures, completing the picture of a committee stretching for greater impact.The author believes that:Aggre...