Endowment Index™ Gains 2.18% for Week Ended 11/2/2018

By | Endowment Index™

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,211.12 today, rising 2.18% from last Friday’s close of 1,185.26.

The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $500 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 30,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6.

Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

The Value of Multi-Generational Family Meetings

By | Estate Planning, Family Office

EXECUTIVE SUMMARY

The decisions families make about their wealth—how to manage, transfer and spend it—can lead to serious conflicts among family members. With affluence comes the risk of family in-fighting that can damage a family’s financial position and even ruin intra-family relationships forever. The good news: It doesn’t have to be that way.

This month’s Flash Report, The Value of Multigenerational Family Meetings, reveals a formal process used by ultra-wealthy families to educate heirs and potential heirs about sound financial decision-making, to identify shared family financial values and to maintain (and grow) family wealth in a unified and harmonious manner. Read More

Do I “lose” money by waiting to take Social Security?

By | Retirement, Social Security

Executive Summary

Many retirees choose to take their social security benefit as soon as possible at age 62. But is this the right decision? We all know that the longer you wait to get started, the larger your monthly payment will be. In fact, for every year you wait, you earn an 8% increase in the monthly benefit payment. But for those who DO choose to wait, the missed monthly payments can begin to add up (in their mind), which can cause some uncertainty and have retirees asking the question: “Am I losing money by not taking my Social Security benefit payment?” Read More

Endowment Index™ Posts Loss For Week Ended 10/26/2018

By | Endowment Index™

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,185.26 on Friday, falling from the previous Friday’s close of 1,213.01.

The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $500 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 30,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6.

Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ended 10/26/2018

By | Financial Markets & Economy, Weekly Capital Market Updates

WEEKLY CAPITAL MARKET HIGHLIGHTS:

  • US equity markets pushed lower, with all major equity asset classes down for the week. Smaller caps outperformed larger capitalization stocks, and growth generally outperformed value. Within international equities, emerging markets outperformed both domestic and international developed markets.
  • Treasury yields fell, as investors fled to safety on concerns of market volatility and the economy. The yield on the 10-Year US Treasury Note traded at 3.07% on Friday afternoon.
  • Commodities declined, with the Bloomberg Commodity Index falling 1.3%. Within the index, oil prices turned higher Friday, but were still down for the third week in a row, as global demand concerns weighed on future energy demand.
  • In other economic news, US unemployment claims rose last week, in part due to slowdown effects after hurricanes Florence and Michael. However, the unemployment rate remains near a 45-year low, at 3.7%.

Click here to download the complete weekly report: EWMWeeklyReview 10.26.18

The Importance of a Goals-Based Exit Plan for Your Business

By | Business Owners

EXECUTIVE SUMMARY

If you are one of the 40% of business owners who plan to sell their company in the next 5 years 1, what is your plan? If you are in the “wait and see” camp, then you are setting yourself up for disappointment and frustration. Instead, begin planning today so you can enjoy positive outcomes down the road. Don’t be one of the 83% of business owners who have no transition plan, or have not communicated or written it down. 2

You might wonder, where do I start? What if you started with the personal goals you are looking to accomplish in your life, and then planning for the exit of your business in the context of “what’s next?”

In this series, I want to discuss goals-based exit planning and today we’ll start by talking about why it’s important. Read More

EWM Weekly Capital Market Highlights for Week Ended 10/19/2018

By | Financial Markets & Economy, Weekly Capital Market Updates

WEEKLY CAPITAL MARKET HIGHLIGHTS:

  • Among equities, small caps outperformed large caps; value stocks beat growth stocks; international stocks trailed US stocks; and emerging markets underperformed developed  markets.
  • Treasury yields edged up. The yield on the 10-year US Treasury Note ended the week at around 3.2%.
  • Commodity indices little changed. Gold price rose, whereas crude oil prices fell.
  • Dollar indices rose. The dollar appreciated against most major currencies during the week.
  • Among major economic data, September retail sales rose 0.1% from August, well below expectation; initial jobless claims fell by 5,000 from last week to 210,000; September existing home sales fell 3.4% from August.

Click here to download the complete weekly report: EWMWeeklyReview 10.19.18

Endowment Index™ Posts Loss For Week Ended 10/19/2018

By | Endowment Index™

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,213.01 on Friday, falling from the previous Friday’s close of 1,217.98.

The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $500 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 30,000 underlying securities. You can obtain real-time pricing data on the Endowment Index under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index is F00000TPG6.

Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ended 10/11/2018

By | Financial Markets & Economy, Weekly Capital Market Updates

WEEKLY CAPITAL MARKET HIGHLIGHTS:

  • Global equities followed the US lead for the week, with European markets down roughly 4% and Asian markets down more than 5%. Emerging markets equities also were down more than 5%, led by China at -6.7%. The Latin American markets were the only positive region for the week, driven by a post-election rally in Brazil.
  • Treasury yields mostly lower. After last week’s sharp rise, Treasury rates fell back in a shortened week of trading. Both 10-year and 30-year yields were down roughly eight basis points to 3.16% and 3.33%, respectively. Treasury notes from 3-months to 1-year were up 2 to 4 basis points.
  • The US Dollar Index was modestly lower on the week. A slight weakening against both the euro and yen was partially offset by strength against the Chinese yuan.
  • Crude oil finished the week down more than 3% after a modest rise in the first half of the week. Falling global equity prices and rising supplies were the driving factors in the Thursday sell-off.
  • Among other economic data released this week: The IMF cut its forecast for global growth by 0.2% to 3.7% for both 2018 and 2019. Several banks opened up the third quarter earnings season with upbeat reports. JPMorgan Chase, Citigroup, Wells Fargo, and PNC Bank all reported increases in net earnings.

Click here to download the complete weekly report: EWMWeeklyReview 10.12.18

Endowment Index™ Posts Loss for Week Ended 10/12/2018

By | Endowment Index™

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,217..98 today, falling from last Friday’s close of 1,254.75.

The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $500 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 30,000 underlying securities. You can obtain real-time pricing data on the Endowment Index under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index is F00000TPG6.

Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.