Brown Advisory

FEBRUARY 3, 2020

Enclosed is our Impact Report for the Brown Advisory Tax-Exempt Sustainable Fixed Income strategy. Sincerely, Stephen Shutz, CFA Portfolio Manager Amy Hauter, CFA Portfolio Manager *Brown Advisory entities included are: Brown Advisory LLC, Brown Investment Advisory & Trust Company, Brown Advisory Ltd.

Taxes

Brown Advisory

FEBRUARY 3, 2020

2019 Impact Report: Tax-Exempt Sustainable Fixed Income Strategy. Mon, 02/03/2020 - 08:01. A Letter of Introduction From The Portfolio Managers. . Enclosed is our Impact Report for the Brown Advisory Tax-Exempt Sustainable Fixed Income strategy. Portfolio Manager. Portfolio Manager. . . . .

Taxes

Brown Advisory

DECEMBER 31, 2020

Understanding the Complexities of the Two Tax Systems jharrison Thu, 12/31/2020 - 05:15 The U.S. tax systems are fairly easy to understand on their own. System (tax year: April 6th to April 5th) In contrast to the U.S., System (tax year: April 6th to April 5th) In contrast to the U.S., taxes its citizens.

Taxes

Brown Advisory

DECEMBER 31, 2020

Understanding the Complexities of the Two Tax Systems. Thu, 12/31/2020 - 05:15. tax systems are fairly easy to understand on their own. System (tax year: January 1st to December 31st). System (tax year: April 6th to April 5th). The first, and simplest way, is that you can be taxed on all worldwide income and gains.

Taxes

Random Roger's Retirement Planning

JUNE 21, 2024

The holdings are simple enough for the ETF wrapper, not everything is, and so the soon to be named Longevity Income ETFs might get some tax benefits that are unavailable to the mutual fund wrapper. During the 2020 Pandemic Crash, it fell the same amount as MCW. In 2022, at its low it was down quite a bit more than MCW.

Accounting

Brown Advisory

FEBRUARY 23, 2022

Moderator: Brad Dunn, Portfolio Manager; Meredith Shuey Etherington, Portfolio Manager Maximizing Your Assets Wednesday, November 17, 2020 During this first event of the series, our panel focused on how you can plan now to maximize your assets and prepare for an exit—whether it is quickly approaching or may be years away.

Strategic Planning

Brown Advisory

FEBRUARY 23, 2022

Speakers: Michael Aldrich, Global Head of Operational Security; Rebecca Sugarman, Chief Human Resources Officer; Craig Standish, Head of Boston Office Moderator: Victor Abiamiri, Portfolio Manager. . On May 6, our panel of experts focused on investment, tax and strategic planning advice to help you prepare for this moment and beyond.

Strategic Planning

Random Roger's Retirement Planning

JANUARY 22, 2024

Above is a good example of what I mean from the Pandemic Crash in 2020. Another portfolio management benefit comes if a client has an unexpected, relatively large cash need which happens every so often. When the S&P 500 was down just over 30% in late March, client and personal holding BTAL was up 9.69%.

Portfolio

Brown Advisory

NOVEMBER 24, 2021

How Public-Market ESG Investors Generate Impact without Compromising Performance jharrison Wed, 11/24/2021 - 13:26 Karina Funk , Chair of Sustainable Investing at Brown Advisory and co-portfolio manager of the Large-Cap Sustainable Growth strategy , spoke as part of a global CIO Symposium, co-hosted by VS Partners and Financial Times/FTChinese.com.

Marketing

Brown Advisory

NOVEMBER 24, 2021

Karina Funk , Chair of Sustainable Investing at Brown Advisory and co-portfolio manager of the Large-Cap Sustainable Growth strategy , spoke as part of a global CIO Symposium, co-hosted by VS Partners and Financial Times/FTChinese.com. 2020 Impact Report: Large-Cap Sustainable Growth Strategy. Wed, 11/24/2021 - 13:26.

Marketing

Brown Advisory

MARCH 14, 2023

In addition, the best month of market performance since the end of 2017 (April 2020) coincided with the largest differential in analyst upgrades versus downgrades the month prior (March 2020). Time/Long-Term We recently met with the management team of Intuitive Surgical (ISRG). million (before taxes paid on gains).

Clients

Random Roger's Retirement Planning

AUGUST 12, 2024

The most recent doubling took just four years from the week of April 5th, 2020 to where we are now which again is very short. Since we cannot know the path, this really spotlights a couple of important portfolio management concepts. There's no prediction being made here.

Asset Allocation

The Irrelevant Investor

OCTOBER 2, 2021

Tax-loss harvesting. During the bear market of 2020, we were harvesting losses all while tracking our model portfolios. It's difficult for advisors to do tax-loss harvesting at scale when markets are moving so quickly. Along the way, we can tell the software how much taxes we want to pay. It's real, and it works.

Risk Tolerance

Random Roger's Retirement Planning

SEPTEMBER 5, 2024

You might be down 25% in a down 5% world or maybe the world goes down 25% too but snaps right back like in the Pandemic Crash of 2020 but the Minsky Portfolio we created for this post does not. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.

Portfolio

Brown Advisory

MARCH 14, 2023

In addition, the best month of market performance since the end of 2017 (April 2020) coincided with the largest differential in analyst upgrades versus downgrades the month prior (March 2020). million (before taxes paid on gains). Source: FactSet, as of 02/28/2023. This isn’t monopoly money, folks. million provided by the Index.

Clients

Brown Advisory

SEPTEMBER 3, 2015

Beijing has mandated growth in the insurance industry, aiming to push up insurance penetration to at least 6% by 2020 from about 3% today. It is offering tax incentives for purchasing private insurance and tax deferrals for annuity products and corporate pension plans. By Stephen Shutz, CFA, Tax-Exempt Portfolio Manager.

Insurance

The Big Picture

DECEMBER 6, 2022

You have the liquidity, the tax efficiency, the transparency. But when you factor in, you know, legal costs, compliance, portfolio management, trading, there is a lot that goes into launching an ETF. So let’s talk about managing through volatility. 2020 was a huge year. You know, we had a really good 2020.

Clients

Brown Advisory

SEPTEMBER 12, 2016

In routine communications with Akamai in 2015, Brown Advisory portfolio managers inquired whether the company planned to transition to renewable energy sources. SIBs are not backed by tax revenue or the creditworthiness of the issuer. But investors can sometimes influence a company just by posing thoughtful questions.

Investments

Brown Advisory

SEPTEMBER 12, 2016

In routine communications with Akamai in 2015, Brown Advisory portfolio managers inquired whether the company planned to transition to renewable energy sources. SIBs are not backed by tax revenue or the creditworthiness of the issuer. But investors can sometimes influence a company just by posing thoughtful questions.

Investments

ClearMoney

NOVEMBER 4, 2021

As with many things in life, the truth is somewhere between the extremes: While both simulated and real-world data suggest momentum may not be suitable as a driver of long-term asset allocations, we believe momentum considerations can be integrated in a cost-effective way to help inform daily portfolio management decisions.

Asset Allocation

Brown Advisory

MARCH 28, 2017

In routine communications with Akamai in 2015, Brown Advisory portfolio managers inquired whether the company planned to transition to renewable energy sources. SIBs are not backed by tax revenue or the creditworthiness of the issuer. But investors can sometimes influence a company just by posing thoughtful questions.

Investments

Brown Advisory

MARCH 28, 2017

In routine communications with Akamai in 2015, Brown Advisory portfolio managers inquired whether the company planned to transition to renewable energy sources. SIBs are not backed by tax revenue or the creditworthiness of the issuer. But investors can sometimes influence a company just by posing thoughtful questions.

Investments

Brown Advisory

DECEMBER 2, 2015

from 2016 until 2020, a step down from the annual target of about 7% from 2011 until the end of this year. Today, we believe that high-yield bonds provide a compelling option for investors in a low tax bracket or with the ability to invest through a tax-advantaged structure like an IRA. From Sizzle to Fizzle. Treasury bond. .

Economy

Random Roger's Retirement Planning

JANUARY 1, 2024

Client and personal holding Standpoint Multi Asset (BLNDX and REMIX) combines equities and managed futures, it started trading in 2020 and so far four for four in up years. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. For my money no.

Portfolio

Good Financial Cents

AUGUST 11, 2022

Robo-advisors offer easy account setup, robust goal planning, account services, and portfolio management all at a reasonable price - start investing today by clicking on your state. As an example, we all know that most people’s tax refunds are spent before they get the check in the mail.

Investments

Brown Advisory

JANUARY 17, 2024

We have both of these potential investments on our Ready-to-Buy list, and both had gotten to within 10% of prices where we thought they represented very good value in the past few years (Nvidia in Oct 2022, Novo Nordisk in Dec 2020). However, we did not invest due to our minimum double-digit 5-year IRR hurdle rate. Good process, bad outcome.

Investments

Brown Advisory

OCTOBER 11, 2021

We believe that a strong network of relationships and history with managers; a robust due diligence process for manager selection, sizing and term negotiation; and dedicated team members devoted to each asset class contributes to long-term results. Dates: 1/31/1995 to 9/30/2020. Sources: Morningstar, HFR.com. equity REITs.

Assets

Brown Advisory

OCTOBER 11, 2021

We believe that a strong network of relationships and history with managers; a robust due diligence process for manager selection, sizing and term negotiation; and dedicated team members devoted to each asset class contributes to long-term results. Dates: 1/31/1995 to 9/30/2020. Sources: Morningstar, HFR.com. equity REITs.

Assets

The Big Picture

OCTOBER 19, 2022

And Wall Street didn’t work out for a variety of reasons, but I ended up working sort of an adjacent industry in the portfolio management software business, and really wasn’t where my passion was. They’ll construct the portfolio. They’ll do tax planning, right? And they bring a lot of value, right?

Clients

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. I’m gonna hold it in my portfolio.

Assets

The Big Picture

OCTOBER 24, 2022

She has a fascinating career, starting a PLS working away up as an analyst and eventually, head of outcome-based strategies for Morningstar, eventually rising from that position and portfolio manager to Chief Investment Officer. And you could look around and find Munis running a tax equivalent — NORTON: That’s right.

Portfolio

The Big Picture

MARCH 27, 2023

She was a partner and a portfolio manager at Canyon Capital, a firm that runs currently about $25 billion. And so if you compare that to today, if you remember Oaktree raised $15 billion fund in 2020, on its own. If you think of the biggest bankruptcy in 2020 was Hertz. So the magnitude is not even comparable.

Assets

The Big Picture

AUGUST 29, 2023

But it was a tremendous experience because I had started off in bond trading, worked my way into portfolio management and running the bond indexing team for a number of years, and then I got asked to take this responsibility, which was much broader. Also being cognizant of the tax implications of trading activity.

Portfolio

The Big Picture

MAY 9, 2023

So how do you then go from tax and audit practice to finance and investing? But in some ways, those events, and we saw it again in March of 2020, we saw it again around where you see these big moments where it draws people together. If I’d moved to Hong Kong, I think it would have looked like a fairly self-serving tax trade.

Assets

The Big Picture

JULY 18, 2023

BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Tom Wagner, co-founder and portfolio manager at Knighthead Capital. The challenge was going out and raising capital with two asset managers that hadn’t worked together before and doing that capital raise entirely over Zoom.

Investing

ClearMoney

JANUARY 4, 2022

It was a year of uncertainty and anticipation, of hopes for a return to a degree of normalcy following the onset of the COVID-19 pandemic in 2020. Coming out of a volatile 2020, investors sought signals as to which way the global economy was headed. But growth stocks rallied later in the year.

Marketing

The Big Picture

JULY 11, 2023

She’s been CEO since February 2020. I could do my own taxes. 2020, you buy Legg Mason. JOHNSON: Exactly, the tax… RITHOLTZ: The negative on a mutual fund is phantom taxes. I think my firm, Ritholtz Wealth Management, is the largest, or at least was when you acquired it, the largest client of Canvas.

Management