Playing Offense and Defense: Financial Planning Strategies for Private Equity Partners

As a private equity partner, you no doubt have a tremendous amount on your plate. You spend countless hours taking care of your team, your limited partners, your portfolio companies. You recognize the opportunities that the upheaval of this pandemic has presented and are aggressively hunting for new deals. Add in the broader environment of economic uncertainty, political turmoil, and social …

11.18.20-Will Value Stocks Take the Handoff

Will Value Stocks Take the Handoff?

11/18/20: Market Update by Jack Ablin, Chief Investment Officer at Cresset News of a successful COVID-19 vaccine set off a rally in global equities as investors anticipate an end of the pandemic. Value stocks, those pandemic losers with cheap valuations and impecunious balance sheets, surged in response.  The Russell 2000 Value index rallied nearly 12%, outpacing the Russell 2000 Growth index …

Top 4 Issues | Selling Your Business During the Pandemic

Selling a Business Amidst a Global Pandemic? Now What?

You’ve spent years building your business. After decades of hard work and sacrifice, you are finally ready to enjoy the fruits of your labor and take some “chips off the table” by selling your business. You have a buyer and purchase agreement in hand and negotiations are going well. Then a global pandemic hits. Now what!? First, don’t panic. Some business …

"46" in '21 Market Update by Jack Ablin

“46” in ’21

11/10/20: Market Update by Jack Ablin, Chief Investment Officer at Cresset Now that President-elect Biden has presumptively captured the White House, Americans in general and investors in particular are anticipating what 2021 might bring. Former Vice President Biden will be 78 years old when he’s sworn in next year and the consummate Washington insider will need to hit the ground running. …

Top 5 Takeaways from David Rubenstein

Top 5 Takeaways from David Rubenstein

Cresset hosted David M. Rubenstein – Co-founder of The Carlyle Group, philanthropist, TV host, and author of the new book How to Lead – as our guest on October 28, 2020, for the latest in our series of “Zoom-side” chats for our clients. David shared lessons learned from the luminaries he has known, and who he interviewed for his book. He also provided …

11.3.20 The Biggest Financial Risk

The Biggest Financial Risk

11/3/20: Market Update by Jack Ablin, Chief Investment Officer at Cresset Say what you will about the policy implications of the election, the most vital financial risk facing the markets is higher interest rates. Since the early 1980s, monetary policy has been the primary mechanism for achieving the Federal Reserve’s “dual mandate” – full employment without inflation. Employing its one-dimensional lever, …

3 Top Wealth Strategies for Entrepreneurs and CEO Founders

Managing Wealth: Striking the Balance Between Complexity of Structure and Complexity of Life

The accumulation of wealth for CEO Founders and entrepreneurs can be freeing in many ways. For many families, it allows them to enjoy the lifestyles they have long desired. However, with wealth can also come complexity. There is the complexity that comes with managing wealth itself: investment strategies, estate planning, tax strategies, etc. Families of wealth often must conduct a detailed …

Markets Under a Biden Administration

Markets Under a Biden Administration

10/28/20: Market Update by Jack Ablin, Chief Investment Officer at Cresset With the 2020 election just days away, investors are scrambling to determine what its ultimate outcome could mean for their investment portfolios. Vice President Biden, the candidate with the current polling advantage, has been outspoken about his desire to raise taxes on the rich, vowing to hike the personal income …

10.21.20-The-Promise-and-Problems-of-Reshoring

The Promise and Problems of Reshoring

10/21/20: Market Update by Jack Ablin, Chief Investment Officer at Cresset The global pandemic laid bare the vulnerabilities created by producing goods offshore. Shortages of personal protective equipment and other essential medical supplies during the early stages of the pandemic were a reminder that corporate managers’ obsession with production efficiency and cost-cutting at the expense of diversification and resiliency left the …

Jack Ablin Market Commentary: Sizing Up a Biden Economy

Sizing Up a Biden Economy

10/13/20: Market Update by Jack Ablin, Chief Investment Officer at Cresset The S&P 500 posted a 3.8 per cent gain last week, its best weekly showing since July. Small-cap stocks, which are more sensitive to projected economic activity, surged 6.4 per cent last week, their strongest weekly gain since June. While most newspaper ink spilled last week credited an increasing possibility …

COVID-19’s Employment Impact Under the Microscope

10/6/20: Market Update by Jack Ablin, Chief Investment Officer at Cresset The COVID-19 pandemic inflicted unprecedented stress on the American economy and its labor market.  More than 14 per cent of employed Americans, or 20 million people, lost their jobs in April. The current labor market remains stark. Sixty million Americans filed for unemployment benefits over the last six months, dwarfing …

All Dividend-Paying Companies Aren’t Created Equal

All Dividend-Paying Companies Aren’t Created Equal

10/1/20: Market Update by Jack Ablin, Chief Investment Officer at Cresset Dividend payments to shareholders have become an increasingly important source of investment income in recent years as bond yields have plummeted. At its peak in 1982, the 10-year Treasury yield reached 14.3 per cent, more than nine percentage points higher than the S&P 500 dividend yield. By 2008 the relationship …

How Proposed Policies Could Affect Your Wealth

How Proposed Policies Could Affect Your Wealth

9/25/20: Market Update by Jack Ablin, Chief Investment Officer at Cresset | The election is just around the corner but, as 2016 demonstrated, determining an outcome and the policies that will accompany it is still a long way off. That said, there are several policy proposals in play that carry broad implications for investing and wealth planning strategies. Higher Income Tax …

Is it a Correction, or a Selloff?

9/21/20: Market Update by Jack Ablin, Chief Investment Officer at Cresset | Today’s market action reflects investors’ frustration with Congress’s inability to pass additional stimulus.  The implications surrounding Supreme Court Justice Ruth Bader Ginsberg’s death have the potential to capture the Senate’s attention. Federal Reserve Chairman Jay Powell, in a speech last week, stressed “more fiscal support is likely to be …

Protect Your Family In a Pandemic

Privacy in a Pandemic: 5 Steps to Protect Your Family

“While online and offline privacy and personal information intrusions are plentiful and constantly evolving, there are thankfully ways to mitigate the risks.” With the onset of the COVID-19 pandemic, many of us are spending more time online than ever before. We are working online. Going to school online. Socially distancing together online. Unfortunately, there is an unwanted guest knocking at our …

Investing in Disruptive Innovations

Investing in Disruptive Innovation and Exponential Technologies

“This is a must-see for Entrepreneurs and CEO Founders. Disruptive innovations and exponential technologies are the future.” Singularity University’s Mic Mann hosts “Investing in Disruptive Innovation” with Cathie Wood, Paul Pagnato and Andile Ngcaba. The discussion focuses on technologies that are on an exponential growth curve, lighting a path to ultimately change the way we live in the future.  WATCH THE …

Barron's Top RIA 2020

Barron’s Ranks PagnatoKarp Cresset 2020 Best RIA Firms in America

PagnatoKarp | Cresset is proud to be ranked on Barron’s Top 100 RIA Firms in America, debuting on the 2020 list at #34 out of 100¹ independent firms from across the nation. “The Barron’s recognition highlights the strengths of PagnatoKarp and Cresset coming together as one firm,” said Paul Pagnato, Founder PagnatoKarp and Co-Chairman Cresset. “We have created a new paradigm …

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Forbes Ranks Paul Pagnato #1 in Virginia on 2020 Top Wealth Advisors List

Paul A. Pagnato, Founder PagnatoKarp and Co-Chairman Cresset, has been ranked #1 in Virginia and #31 in America on Forbes 2020 Top Wealth Advisors list. This is the fifth year in a row that Paul Pagnato has earned a spot on the exclusive list of 250 advisors from around the nation, together managing $893 billion in client assets. “The Forbes recognition …

Barron's in Education Virtual Event: Paul Pagnato Presents The Future of Finance

Paul Pagnato and Barron’s Present the Future of Finance at Florida Atlantic University

“A TRUE WIN/WIN/WIN FOR ALL THAT JOINED.” —BARRON’S Paul Pagnato, Founder PagnatoKarp and Co-Chairman Cresset, presented The Future of Finance to students at Florida Atlantic University’s College of Business. Together with Joe Lanza, Director of Financial Education at Dow Jones, and Dr. Rainford Knight, FAU Professor and entrepreneur, the discussion focused squarely on growth opportunities, both personal and business, stemming from …

Concierge Proves Added Value For Wealth Sector

“The concierge approach – not just about luxury or events – touches on what is the traditional starting ground of family office work.” PAUL PAGNATO Tom Burroughes, Family Wealth Report The pandemic has upended many products and services and that includes concierge offerings for ultra-high net worth individuals. Concierge is a lot more than fixing theater tickets, restaurant bookings or flights …