Brown Advisory

SEPTEMBER 3, 2015

By Stephen Shutz, CFA, Tax-Exempt Portfolio Manager. As recently as 2012 Puerto Rico was able to sell to investors public-sector bonds despite its bleak fiscal outlook and shrinking economy. By Taylor Graff, CFA, Asset Allocation Analyst. Rude Awakening. Dream or Opportunity?

Economy 40

Economy Economics Asset Allocation Banking 40

The Big Picture

AUGUST 20, 2024

And what that will allow me to do is have minimal trading costs, minimal tax costs, and avoid all the behavioral problems that comes with active management. People earn wages, whether it’s a retirement account or a tax deferred account or just an investment account. You were subject to the 75% marginal tax rate.

Assets 173

Assets Management Portfolio Taxes 173

Brown Advisory

JUNE 16, 2016

And there are no looming changes to tax policy and little discussion of new proposals as we head into the general election. With tax policy in a steady state and relatively calm economic conditions, there are no strong external reasons to make major planning adjustments.

Planning 52

Planning Taxes Assets Clients 52

The Big Picture

NOVEMBER 8, 2022

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. And GMO was still sitting on a massive emerging market position in the asset allocation team. back in sort of 2012. CHANCELLOR: Yes and no.

Banking 147

Banking Valuation Economy Investing 147

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

APRIL 8, 2025

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. You’re there almost a decade, Lisa Shalett : So, and, and from 2012 to 2025, that’s a huge run. That is the linchpin.

Asset Allocation 147

Asset Allocation Wealth Management Clients Assets 147

The Big Picture

MAY 21, 2024

But then, you know, just in, I think it was 2012 coming out of the financial crisis, you know, after, after one round of QE Europe was in a, you know, a recession, everybody was depressed, 00:15:33 [Speaker Changed] Brexit, grexit, it was all happening. It’s all tax free. In not paying your taxes. They track all of this.

Numbers 147

Numbers Banking Management Marketing 147

The Big Picture

JANUARY 31, 2023

And so I worked with him until 2012. And then I got approached by RenMac in 2012, and now I’ve been doing it for them for this last decade. I mean, we were talking about a China hard landing like literally every year, following 2012. And you know, Lehman was a huge sort of fixed income shop — RITHOLTZ: Yeah.

Economics 147

Economics Economy Marketing Marketing 147