Litman Gregory Asset Management was recently recognized as a top-ranked registered investment advisor by San Francisco Business Times, appearing on their list of the 50 Largest Bay Area Wealth Management Firms.
In the accompanying What Bay Area Wealth Managers are Telling their Richest Clientsarticle, Litman Gregory senior wealth advisor Gretchen Hollstein was quoted with her take on how the wealth management industry is changing. Here’s what Gretchen had to say when interviewed earlier in 2018:
What do you think is the biggest story in your industry right now?
“The potential surprise hit that investors will feel when they realize that this is no longer their grandparents’ ‘stock and bond’ market.
In other words, many investors have become accustomed to a bull market in stocks and low interest rates, so they could be woefully unprepared for a shift in the investment landscape that would see stock and/or bond markets go down in value, or at least experience a leadership shift to other asset classes or other global investment markets.
As a related point, with a major generational shift in the responsibility for retirement investment management from employers to employees (through their 401k plans), many investors’ portfolios lack sufficient risk management and diversification due to the tendency of 401k plan participants to select investments that have recently performed well vs. their other choices. This could set these investors up for failure.”
Read the full article on San Francisco Business Times.
Actions to Take in Uncertain Times
In a volatile environment like the one we find ourselves in today, and experienced just two years ago in 2020, we recognize that some investors feel as though they should make changes in their portfolios—even if just to take action.
Research Update on Market Volatility
Given the renewed market downturn, fed by high uncertainty around inflation and the war in Ukraine, we want to share our most-current views and portfolio positioning with clients and followers of our research.
Commentary from Our CIO—First Quarter 2022
In this commentary, we highlight key developments in the global economy and financial markets. The biggest macro event was Russia’s brutal invasion of Ukraine. As is our job, our focus is on the economic and financial market impact of this event. Clearly, the human impact has been devastating and tragic, and our hearts and support are with the Ukrainian people.