Blog

“Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do.”  – H. Jackson Brown Jr A couple of weeks ago, caravans of kids across America dressed as their favorite characters and canvassed the streets with a singular declaration. After a few hours […]

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The Zipper Merge & Rebalancing a Portfolio

October 23, 2018

Author Name By Troy Brown, CFA

If any of our readers has the “joy” of experiencing a commute to or from an urban area with frequent interchanges or has experienced the “wonder” of lane closures during rush hour, often without a worker in sight, this blog’s for you – but it’s probably not what you think. In the field of traffic […]

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Public Funds and Assumed Rates of Return

September 20, 2018

Author Name By AndCo

Many public funds are facing increased scrutiny regarding their required rates of return. These important projections, often referred to as a plan’s “interest assumption”, are used to document the long-term return goals of a pension plan’s investment portfolio and are used in part to determine the level of funding contributions that may be required to […]

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A Trillion Milestones

August 16, 2018

Author Name By Troy Brown, CFA

We don’t typically opine on individual securities outside of their impact on a specific market segment or the market in general, but recently Apple (AAPL) hit a valuation milestone no other U.S. company had ever achieved. On August 1st, Apple became the first U.S. company to eclipse a market capitalization (stock price multiplied by the […]

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Update on Interest Rates

August 9, 2018

Author Name By Philip Schmitt, CIMA

As expected, the Federal Reserve (the Fed) voted to raise interest rates for the second time this year at their June meeting. With this increase, the Fed Funds rate (range) increased from 1.50%-1.75% to 1.75%-2.00%.  Importantly, the Fed updated its forecast for potential rate hikes for calendar year 2018 to four as the U.S. unemployment […]

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Zen and the Art of Motorcycle Sales

July 24, 2018

Author Name By Troy Brown, CFA

One of my favorite quotes from the classic tome Zen and the Art of Motorcycle Maintenance by Robert Pirsig is the following simple truth: “Some things you miss because they’re so tiny you overlook them. But some things you don’t see because they’re so huge.” For most Americans (US consumers), the concept of tariffs (trade […]

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While much of the current economic news has been positive, there are signs that rising interest rates are starting to take a bite out of the economy. Recently, the Atlanta Federal Reserve revised its forecast for 1Q Gross Domestic Product (GDP) growth down from more than 5% to a mere 1.9%. Despite this, The Federal […]

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Volatility has returned to the equity market with a vengeance.  As measured by the S&P 500, the first quarter of 2018 saw more moves of greater than 1% to the positive (11) and negative (12) than all of 2017 (4 positive and 5 negative).  In addition, the first quarter also posted the index’s best single […]

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One of the most important contributions a consultant can make to a client’s retirement program is creating a plan design that meets the unique needs of the plan sponsor and the participants for which the retirement benefit is being provided. Each plan sponsor is trying to solve for a retirement gap unique to their own […]

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Public service employees work for decades in hopes that a well-earned retirement awaits them as they enter their golden years. But, before they reach that milestone, their public pension plan must be prudently managed so the pension they have accrued can actually be paid. For trustees charged with making the right decisions for a diverse […]

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