Curated Wealth Partners

Inflation down? Yes. Gone? Not so fast. In his latest commentary, Richard A. Ward, CFA, warns that while inflation is approaching the Fed’s 2% target, the path forward remains uncertain, with a potential second wave in 2025.   -Nationalism and de-globalization are pushing costs up. -Core inflation (3.2%) remains sticky, especially in housing. -Wage growth could drive further inflationary pressure. -The Fed might need to adjust its course sooner than expected. Please see our quarterly letter for details, and how this could affect markets. #Inflation2025 #GlobalTrends #MonetaryPolicy  

I had the pleasure of joining Reagan Darrah from Citywire RIA at the CAIS Summit for a quick chat about Curated Wealth Partners thoughts on the current market - thank you! #CAISsummit #CitywireRIA #CuratedWealthPartners Arielle Shternfeld

We are still #hiring! Know anyone who might be interested?

We're #hiring a new Client Services Associate in El Segundo, California. Apply today or share this post with your network.

We're #hiring a new Wealth Management Analyst in El Segundo, California. Apply today or share this post with your network.

Lee Hutter is #hiring. Know anyone who might be interested?

How do you take your returns? Concentrated, please. Richard A. Ward, CFA notes in this quarter's Curated View how the stock market's returns continue to be dominated by just a handful of companies. And while this does pose a risk to the market, we believe the trend can continue given the earnings power and margins of those companies. We also discuss the #federalreserve's coming rate cuts despite persistent #inflation, the growing #federaldeficit and how we are positioning portfolios.

In my years in the business, I‘ve often been asked about fees. It's usually one of the first questions a client asks. While it is, of course, a necessary question to ask how much a financial advisor charges, it isn’t the right question. The right question is one that unearths all the ways an advisor makes money from your assets. Do you know if your advisor earns more by allocating your capital to certain investment managers? Financial advisors at leading Wall Street firms earned hundreds of millions of dollars last year by allocating client capital to managers willing to pay them. This can affect the investments they choose for you. Even if you’re an ultra-high net worth investor working with brand name private banks and exclusive wealth management platforms, you might not be immune from this practice. Your advisors' firm might call these “retrocessions” or use some other name, but there is a good chance your wealth manager is earning this revenue, and that it’s affecting the way they decide how to allocate YOUR capital. At Curated Wealth Partners, we don’t accept compensation from investment managers. We base our investment decisions on what we believe is best for the client. As it should be. When was the last time you asked your advisor this question? #wealthmanagement Read more about this practice here: [Link to article]

We were excited to see our Chief Investment Officer, Richard A. Ward, CFA lead a panel at the With Intelligence Summer Wealth Retreat last week. Richard spoke with Will McGirr, Matt Hudson, Eric Mancini ,CFA,CFP,CAIA & Michael Oliver Weinberg, CFA about #privatecredit and whether the asset class presented a larger opportunity as regional banks reassess their loan books. #wealthmanagement

Our CIO, Richard A. Ward, CFA, has been on the money. He and the team at Curated were scratching their heads in December when the market was implying there would be six rate cuts in 2024. With inflation >3%, unemployment <4%, we just didn't see it. We have now been in a Federal Reserve Board policy “pause” for nearly eight months. Higher rates have been good for cash and fixed income investing, and Artificial Intelligence exuberance has fueled strong equity returns after the 2022 price reset. The S&P’s 10.5% gain in the first three months of this year is the 11th-best start since 1950.    We assume that the US Federal Government in Washington D.C. will not find austerity in an election year so there are likely more tailwinds from fiscal spending that will help the economy along. No policymaker wants to be the boogeyman come November, and Fed Chairman Powell will have a hard time hiding from both sides of the aisle as they call for looser financial conditions. As a result, we believe that the biggest risk to the equity markets is that the Federal Reserve starts their move to lower interest rate policy prematurely. #federalreserve #interestrates #wealthmanagement