We are pleased to announce that Bill Thompson has joined the firm as a director of the Endowments & Foundations Group and Senior Advisor. In this role, Bill will advise clients on strategic investment planning and portfolio construction, including asset allocation, manager selection, investment program evaluation, performance measurement, and governance.
Prior to Litman Gregory, Bill was a Managing Director at Cambridge Associates for over 10 years, where he served as an outsourced CIO for endowments, foundations, and family offices. Before joining Cambridge, Bill was an institutional credit salesman for Citigroup, focusing on investment and below-investment grade corporate bonds and derivatives. He graduated from Denison University (BA) and the University of Chicago (MBA).
“We are thrilled to add Bill to the team,” said Steve Savage, CEO of Litman Gregory. “His deep investment experience and intense client focus make him a natural fit for our company and the clients we serve.”
Litman Gregory Asset Management has been leveraging its research and wealth planning strength to help families, individuals, and nonprofits reach their financial goals for more than three decades. The firm is guided by the belief that clients’ peace of mind comes from working with a team obsessed with their financial success.
Navigating New Tax Planning Opportunities with the SECURE Act of 2019
As the new year unfolds, we find ourselves with numerous wealth planning opportunities based on tax law updates within the recently passed “Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019”. The SECURE Act is seen as the first major retirement savings law in many years. This is an important time to review retirement accounts and estate planning options.
Investment Key Takeaways—Year-End 2019
In 2019, almost all major financial asset classes were positive, a shift from 2018 where just about every asset class faltered. And atypically, both stocks and bonds appreciated strongly with the key driver being the Federal Reserve’s policy U-turn toward accommodative monetary policy.
Commentary from Our CIO—2019 Review & Outlook
While there are a number of reasons to be cautiously optimistic for the financial markets in 2020, we are also weighing a number of short-term risks, including high stock valuations. In the face of the current level of uncertainty, it’s helpful for investors to maintain a balanced mindset and to know that our portfolios are prepared for a variety of market environments as we anticipate what may be in store for the coming year.