Upcoming Webcast — Live From Philly:

Analyzing Biden’s New “American Families Plan” Tax Proposal

Join us on Wednesday, November 17th as we welcome Jeffrey Levine, tax expert and Lead Financial Planning Nerd for Kitces.com. Jeff will dive deep into the details of the Biden Administration’s latest tax plan proposal, as well as the planning issues and strategies advisors need to consider as the law is finalized in the weeks to come. You’ll walk away with ideas and talking points for timely and important tax conversations with your clients.

All Cap Core Commentary
3Q 2021 — All Cap
October 18, 2021

In Navigator® All Cap, we increased our exposure to Healthcare, Real Estate and Energy—three sectors in which we were underexposed relative to the benchmark that we believe have improving business momentum.

Read More
SMID Cap Core Commentary
3Q 2021 — SMID Cap
October 18, 2021

Like our other portfolios, our Navigator® SMID portfolio attempted to balance growth and value buys during the quarter while removing companies which have demonstrated an inability to manage rising costs.

Read More
ADR/International Equity Commentary
3Q 2021 — International Equity/ADR
October 18, 2021

As the quarter unfolded, slower economic conditions were met with increased regulation such that their broad stock market measures declined approximately 5%.

Read More
U.S. Small Cap Commentary
3Q 2021 — Small Cap
October 18, 2021

Like our other portfolios, our Navigator® Small Cap portfolio attempted to balance growth and value buys during the quarter while removing companies which have demonstrated an inability to manage rising costs.

Read More
Multi-Strategy Commentary
3Q 2021 — Supply-Driven Concerns Dampen Third Quarter
October 13, 2021

As the second and third quarters developed, the COVID-19 Delta strain, supply chain disruptions, a looming Fed taper, surging energy prices, and inflation fears, proved to be obstacles for the economy returning to its maximum potential.

Read More
Global Tactical Commentary
3Q 2021 — Credit Markets Indicate Underlying Bullishness
October 13, 2021

2021 came in with a mighty roar, as during the first quarter alone, small-caps stormed to an 18% gain and outperformed the S&P 500 by 12%.

Read More
Taxable Fixed Income Commentary
3Q 2021— Taxable Fixed Income
October 13, 2021

A low volatility range bound market prevailed for most of the third quarter on the 10-year Treasury bond, which traded mostly between 1.25% and 1.35%.

Read More
Tax-Free Fixed Income Commentary
3Q 2021 — Tax-Free Fixed Income
October 13, 2021

Municipal bond performance was weak in the third quarter of 2021; 5-year yields increased 4 basis points, 10-year yields increased 14 basis points, and 30-year yields increased 16 basis points.

Read More
High Dividend Equity Commentary
3Q 2021— Economic Reopening, “Take Two”
October 13, 2021

The market climbed the wall of worry over a myriad of issues including Fed tapering, the Evergrande debt crisis, supply chain constraints, inflation, rising input costs, and higher commodity prices.

Read More
Fixed Income Total Return Commentary
3Q 2021 — Credit Remains Resilient Despite Market Headwinds
October 13, 2021

The market certainly has been dealing with many headwinds including the Delta wave, China’s increasingly hostile actions, the Federal Reserve announcing their intention to taper bond purchases, the Evergrande debt default, the U.S. debt ceiling, looming tax policy changes, inflation, supply chain problems, and peak economic and earnings growth.

Read More