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.
Our Thoughts on the Silicon Valley Bank Failure
Recent problems in the banking industry have increased uncertainty in the financial markets. On behalf of our clients, we have taken a close look at the situation and assessed the potential consequences. In this post we summarize the circumstances at Silicon Valley Bank that led to its failure, describe the broader implications, and review what we see as minimal impact for our clients and their portfolios.
Insight Newsletter—Winter 2023
Our Insight Newsletter is now available. Included in this edition: Investment Commentary Research Update: Trend Following with Managed Futures Tax Planning Opportunities from
Research Update: Trend Following with Managed Futures
The evidence of the long-term value that trend-following managed futures bring to a balanced portfolio is compelling, even though there are shorter periods where sharp see-saw patterns can lead to disappointing returns. However, in a year like 2022 that saw significant declines for both stocks and bonds, managed futures experienced large positive gains and were one of the only asset classes to provide meaningful downside protection. This research update serves to address many of the questions that we receive about this interesting investment strategy.