Seven Bay Area counties, including Marin and Contra Costa, where Litman Gregory’s Larkspur and Walnut Creek offices are located, have issued a mandatory order to “shelter in place.” We want to assure our clients that our team remains available and ready to offer support and assistance. Litman Gregory maintains an active, up-to-date business continuity plan which has prepared us well to support our client service and business operations during this complex and unusual period.
Your Investment Advisory Team
Our investment and advisory teams are entirely focused on working together to manage our clients’ portfolios and support your financial well-being through this dramatic period. We are maintaining our core investment discipline including taking advantage of market declines to make portfolio trades that we believe position our clients for stronger future returns.
Our research team is in close touch with managers we use in our client portfolios to understand how they are operating both on an investment front and in terms of their own business continuity and as always we are able to draw from a broad field of specialized experts whose research views can complement our own.
We encourage our clients to be in touch with their advisor and we are reaching out as well to share information and be of support. And advisors and client services staff are here and prepared to continue to help clients who have cash flow needs from their portfolio, or income tax information needs, as normal.
Litman Gregory Business Continuity
Litman Gregory has long maintained multiple offices with colleagues working from a variety of locations at any one time, depending on client and business needs. We are very accustomed to working with remote teammates. We have portable computers that can be docked in our at-home workstations and we are experienced with remote meetings and video conferencing. Our phones can be set to ring to our personal lines at any time. We can access our systems and files remotely through a secure virtual desktop.
As a result of this experience and preparation, we were able to quickly reorient the company to remote work starting on Tuesday March 10th. Following the March 16th “shelter in place” directive, we closed our Walnut Creek and Larkspur offices and fully redirected all work including phones, mail and printing to remote status. At this time the directive does not include Stockton so our office there remains open until further notice.
We recognize that everyone in our community is managing through new and unfamiliar circumstances. Please know that as a firm, we are committed to safeguarding the best interests of our clients and our client-team and to supporting one another through this challenging time.
Commentary from Our CIO—Second Quarter 2021
Global stock markets continued to surge in the second quarter. In our assessment of the macroeconomic backdrop and outlook, we continue to expect a strong global economic recovery over at least the next 12 months. In this quarterly commentary, our Chief Investment Officer, Jeremy DeGroot, reviews the current reasoning for our portfolio positioning, outlook on inflation, and forward-looking scenario analysis on the broader economy and markets.
Research Update: Increased Return Expectations for U.S. Stocks
As the economy and financial markets continue their recovery from the pandemic’s impact, our recent analysis resulted in improved expected returns for U.S. stocks. In this post we summarize our analysis and why we think an increased allocation to U.S. equities could benefit the risk-adjusted return profile of our portfolios.
Advisor Q&A: Tax Planning and the American Families Plan with Senior Advisor Chris Wheaton
The American Families Plan was recently released by President Joe Biden and includes many of the provisions outlined during his campaign. We asked Litman Gregory Senior Advisor, Chris Wheaton, to answer some questions about key proposed tax law changes, and related tax planning ideas for our clients to consider in 2021 and beyond.