Meeting A Family’s Diverse Financial Goals

Liability-driven investing (LDI) has gained popularity among family offices with more than $100 million in recent years after having been adopted by large defined benefit pension plans during the past decade.  LDI can also be used for all families that have multiple needs and goals (don’t all!). Pension funds adopted LDI as a way to […]

Money + Children + Talk = Values

As a parent of three teenagers who is, admittedly, in a good financial position, the money issue that scares me more than any other is the question of how prepared my children will be to make smart money choices. Don’t get me wrong, my children are great kids who are smart and responsible, but bad […]

Greek Drama and China Falling

What a wild summer it is turning into! Everybody is talking about Greece. As of this writing, Greek voters have handily rejected proposed terms for a bailout from the EU, and it is a matter of hours before the banks run out of money. Let the riots begin. The China stock market is in roaring […]

BUYER’S AGENTS

My wife and I recently located a townhouse in Wilmington that we wanted to buy.  Despite having located the property ourselves, we decided to engage a buyer’s agent to help with the final decision and with the negotiations and many other issues that come up prior to closing.  This was a wise decision. This experience […]

A Goal without a Plan is just a Wish

This quote from Antoine de Saint-Exupery, the author of ‘The Little Prince’, is my new favorite.  It is the featured quote for the month of March on a Camp Seafarer calendar which I saw while putting my daughter to bed.  She loves going to camp and I love that her counselors are helping her think […]

TAKING A DIFFERENT VIEW

Contemporary portfolio strategists find themselves continually pondering today’s investment climate, in which a peculiar set of circumstances reflects a world which is not supposed to exist. Like Alice in Wonderland, we are down The Rabbit Hole. When I studied economics in the last century (a scary thought), professors described several highly unlikely phenomena: Negative interest […]

Question of the Day

As we write this, markets are breaking through all-time highs. Bullishness is rampant throughout the land. It is at times like this the media picks up on Gloom and Doom opinion pieces to grab eyeballs. Today’s version is the headline “Why the ‘Smart Money’ Is Bailing Out of the Bull Market”. Our response as to […]

WHEN POAs ARE NOT HONORED

Few people are aware of the extreme financial difficulties that can occur when an aging person’s power of attorney or living trust is not honored by a financial institution.  More and more people are learning about this, though, and the learning often takes place in the school of hard knocks.  I should not complain.  Quite […]

Sellers vs. Buyers

If you watched the College Football Playoffs, you undoubtedly saw a commercial from a certain insurance company.  It must have aired fifteen times.  Typically I ignore the ads, but one phrase kept grabbing my attention and drawing my ire.  The ad was referring to the company’s salespeople and saying “we call them advisers”. It reminded […]

UNCERTAINTY RISING

Oil is a vital sign which mirrors the relative health of the global economy. The price of oil has fallen by roughly half in the last year and as of this writing continues to decline. At the same time, the US is literally floating in a sea of crude, as little onshore storage remains. It’s […]