Sandy Cavanaugh is Chief Executive Officer, Americas Private Client Services
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We often turn to children for their unique way to illustrate ideas. For our annual holiday card, we encourage the children of our associates to create the cover artwork. This year, Arianna Schilder, age 8, is the winner of the holiday card design contest. Arianna is the daughter of Seattle-based Portfolio Manager Mark Schilder. We
You’ve probably heard before how valuable spices were in the ancient world. Before global trade blossomed, people could only get spices such as pepper, cinnamon, saffron and frankincense from enterprising merchants willing to transport them from far off places. What you may not have heard, though, are the stories sneaky spice traders dreamt up to
I have heard from many advisors who are concerned we might be in a bond bubble. They want to know if it still makes sense to hold bonds in the current environment of extremely low yields. I thought that other advisors might be struggling with these same concerns, so I wanted to share my view.
We recently published our latest Investment Manager Outlook, an ongoing survey intended to generate a meaningful snapshot of investment manager sentiment. This quarter we learned that money managers are generally confident in the global economy and share an optimistic view of U.S. equity markets. In fact, 88% of the managers believe 2011 market performance will
While the proposal to temporarily extend Bush tax cuts and extend unemployment insurance may be a good way to stimulate the economy in the short term, the long term consequences on the budget deficit are worrisome. In his September 28th testimony to Congress, released in “The Economic Outlook and Fiscal Policy Choices,” Congressional Budget Office
Every quarter, we ask advisors across the country for their opinions on their practice, clients, products, and their plans to allocate among different asset classes. We publish these results in the Financial Professional Outlook (FPO). This quarter we explored the differences in how advisors and investors view the markets. We expected that the views would
How confident are you about the Fed’s ability to control inflation? If you’re like us, it’s something you frequently think about. To help you better answer this question, here’s a simple way to see what kind of inflation rates are being priced into the fixed income markets. The breakeven inflation rate between a conventional Treasury