Brown Advisory

DECEMBER 2, 2015

There are three fundamental variables to monitor in portfolio management: market performance, changes in tax policy and a portfolio’s rate of drawdown (expenses and spending). Create a portfolio structure buffered against taxes. Therefore, it is essential that we structure client portfolios to be tax efficient.

Taxes 52

Taxes Clients Estate Planning Portfolio 52

James Hendries

NOVEMBER 15, 2022

The Strategic and Tactical Asset Allocation Committee’s (STAAC) S&P 500 year-end fair value target of 4,000-4,100 is based on a price-to-earnings ratio of 17.5 Click here to download a PDF of this report. Interest income may be subject to the alternative minimum tax. IMPORTANT DISCLOSURES.

Portfolio 52

Portfolio Taxes Government Investment Advisor 52

James Hendries

OCTOBER 7, 2022

The Strategic and Tactical Asset Allocation Committee (STAAC) upgraded its view of duration to neutral. Click here to download a PDF of this report. Interest income may be subject to the alternative minimum tax. Municipal bonds are federally tax-free but other state and local taxes may apply.

Portfolio 52

Portfolio Taxes Investment Advisor Asset Allocation 52

James Hendries

SEPTEMBER 8, 2022

The Strategic and Tactical Asset Allocation Committee (STAAC) downgraded its view of emerging market (EM) equities in August. Click here to download a PDF of this report. Interest income may be subject to the alternative minimum tax. Municipal bonds are federally tax-free but other state and local taxes may apply.

Portfolio 52

Portfolio Taxes Investment Advisor Asset Allocation 52

The Big Picture

FEBRUARY 6, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. You wouldn’t be surprised to learn the tax consequences of owning a mutual fund is a part of it. And actually Ben Inker is the head of our asset allocation group.

Valuation 130

Valuation Investments Investing Assets 130

Brown Advisory

SEPTEMBER 3, 2015

Investors had snapped up Puerto Rican debt because of high yields and exemption from federal, state and local taxes in the U.S. Meanwhile, tax revenues have declined to about 12% of GNP from more than 15% before 2006, the Krueger report said. By Taylor Graff, CFA, Asset Allocation Analyst. Dream or Opportunity?

Transportation 52

Transportation Government Economy Asset Allocation 52

The Big Picture

SEPTEMBER 12, 2022

You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , Bloomberg , and Acast. there’s a big focus on how do we optimize for tax efficiency, too. It’s different wealth regimes, it’s different tax regimes. And so, within the U.S., RITHOLTZ: Right. RITHOLTZ: Right.

Clients 299

Clients Wealth Management Banking Investing 299

Good Financial Cents

SEPTEMBER 2, 2022

Download Now Offer valid for U.S. From there, your investment will be fully managed, including periodic rebalancing to maintain the asset allocation, as well as reinvestment of dividends. They also offer benefits like automatic portfolio balancing, dividend reinvestment, and tax-savings tools. See Public.com/disclosures.

Investing 91

Investing Investments Accounting Portfolio 91

Brown Advisory

SEPTEMBER 1, 2015

Please download The Advisory to read other articles in this issue including: Europe's Slow Climb. By Stephen Shutz, CFA, Tax-Exempt Portfolio Manager. By Taylor Graff, CFA, Asset Allocation Analyst. They build meaning and a sense of place not on a home’s foundation, but in the digital cloud. Rude Awakening.

Food 52

Food Portfolio Management Sales Strategic Planning 52

The Big Picture

SEPTEMBER 19, 2023

The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs Asset Management , is below. You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Google , YouTube , and Bloomberg. In fact, state revenues were often at all time highs from taxes when this happened.

Assets 147

Assets Management Investments Investing 147

Brown Advisory

SEPTEMBER 3, 2015

Please download The Advisory to read other articles in this issue including: Shadow Consumption. By Stephen Shutz, CFA, Tax-Exempt Portfolio Manager. By Taylor Graff, CFA, Asset Allocation Analyst. By Paul Chew, CFA, Head of Investments. Rude Awakening. Dream or Opportunity?

Economy 40

Economy Economics Asset Allocation Banking 40

The Big Picture

JUNE 6, 2023

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Bloomberg , Spotify , Stitcher , and YouTube. Once you have your asset allocation dialed in, your automatic contributions dialed in, all the basics, then you can move on. And part of that involves designing your rich life.

Accounting 130

Accounting Numbers Budgeting Financial Counseling 130

The Big Picture

MAY 9, 2023

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. So how do you then go from tax and audit practice to finance and investing? If I’d moved to Hong Kong, I think it would have looked like a fairly self-serving tax trade.

Assets 299

Assets Clients Investing Investments 299

The Big Picture

MARCH 5, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. So I saw many companies then taxed and financial services. So a town 20 minutes from Burn, it was a tax free Canton. But no taxes, no income taxes. Our final two questions.

Banking 147

Banking Portfolio Assets Investing 147

The Big Picture

JANUARY 21, 2025

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. So we are talking about things in what I consider personal finance, home ownership, social security, tax management, estate planning and so on. Right, right.

Investing 147

Investing Investments Management Retirement 147

The Big Picture

AUGUST 20, 2024

The transcript from this week’s, MiB: Mike Greene, Simplify Asset Management , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. You were subject to the 75% marginal tax rate. And I’m gonna own the whole market. It goes so far.

Assets 173

Assets Management Portfolio Marketing 173

James Hendries

JULY 6, 2022

To be sure, the Biden administration, while focused squarely on its policy of transitioning the economy towards a non-fossil fuel environment, has been trying to alleviate the burden of rising gasoline and diesel prices by trying to introduce a federal gasoline tax holiday. Click here to download a PDF of this report.

Marketing 52

Marketing Marketing Valuation Economy 52

Brown Advisory

DECEMBER 2, 2015

Estate plans can offer heirs a full range of control, from an outright inheritance without limitations, to trusts that distribute assets over decades. Trusts often make sense, as they provide economic benefit to heirs while protecting assets from certain creditor claims and taxes. By Taylor Graff, CFA, Asset Allocation Analyst.

Estate Planning 52

Estate Planning Asset Allocation Assets Planning 52

Brown Advisory

SEPTEMBER 3, 2015

But the descendants’ lack of control over the assets ensures that ex-spouses and creditors cannot make a legitimate claim into the future. A discretionary trust can provide a means of multigenerational estate planning by establishing how assets are passed on and reduce future generations’ potential estate-tax liability.

Estate Planning 52

Estate Planning Assets Distribution Taxes 52

The Big Picture

NOVEMBER 8, 2022

You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , and YouTube. Jeremy called and said, “Would you like to join the asset allocation team?” So he wanted a sort of non-quanty view input into the asset allocation process. CHANCELLOR: Yes and no.

Banking 147

Banking Valuation Economy Investing 147

The Big Picture

AUGUST 29, 2023

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , Stitcher , Google , YouTube , and Bloomberg. So there’s been a big push for folks to get the appropriate level of asset allocation in a highly diversified, low cost way. It kind of made me think of a question.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

JULY 11, 2023

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , Stitcher , Google , YouTube , and Bloomberg. It’s actually great and especially because you can do some basic kind of asset allocation models, so the robo-advisor… RITHOLTZ: Right. I could do my own taxes.

Management 222

Management Investing Investments Assets 222

The Big Picture

APRIL 8, 2025

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. She was CIO at Merrill Lynch Asset Management, and now CIO at both Morgan Stanley Wealth Management and runs their asset allocation models and their outsourced chief investment officer models.

Asset Allocation 147

Asset Allocation Wealth Management Clients Assets 147

The Big Picture

MARCH 12, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. They’re asset allocation model driven folks. That includes all of its changes in its property taxes, it’s, it’s depreciable life for the improvements of the assets.

Banking 147

Banking Marketing Marketing Investing 147

The Big Picture

MAY 21, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. The one, the one he said this morning is this guy who’s 20 something and he says, so I figured out how I never have to pay taxes again. It’s all tax free. In not paying your taxes.

Numbers 147

Numbers Management Banking Marketing 147

The Big Picture

MARCH 26, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. He wasn’t tactical asset allocator. It’s about long-term planning and strategic asset allocation and, and just understanding how markets work and how behavior comes into the mix.

Marketing 147

Marketing Marketing Investing Investments 147

The Big Picture

JANUARY 27, 2025

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. And so I spent a couple years on the audit side and then actually transferred over to the tax side. The parent company handles all the asset liability management side of things.

Assets 147

Assets Insurance Management Investing 147

The Big Picture

NOVEMBER 25, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. Most clients, whether they’re individuals or institutions, have some sort of benchmark, a policy portfolio, some strategic asset allocation that they start with.

Portfolio 147

Portfolio Management Marketing Marketing 147

The Big Picture

JUNE 20, 2023

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. Or should this be kept out of private asset allocators’ hands? Let’s talk about tax loopholes. Cut my taxes in half, where do I sign up for that?

Insurance 147

Insurance Healthcare Retail Medicine 147

The Big Picture

JUNE 3, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. And so I worked a lot on the asset allocation side. Again, as I said, we’ve worked in asset allocation. Cut my taxes, I’m gonna help you out.

Math 147

Math Marketing Marketing Engineering 147

The Big Picture

JANUARY 31, 2023

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. DUTTA: Well, to me, the ISM is the one that I harp on the most because there’s a cottage industry of people that just drive their entire asset allocation process off of it.

Economics 147

Economics Economy Marketing Marketing 147

James Hendries

NOVEMBER 8, 2022

This would take any meaningful risk of tax increases on households or businesses off the table. Barry Gilbert , PhD, CFA, Asset Allocation Strategist, LPL Financial. Click here to download a PDF of this report. You may also be interested in: Federal Reserve Preview: TRICK or Treat? – October 31, 2022.

Marketing 52

Marketing Marketing Government Banking 52