Newsletter

The SEIA Report

December 11, 2017

The SEIA Report

December 11, 2017 SEIA


In this final report we take a look back at 2017. To read the full report click here.

PCG Newsletter

December 11, 2017 SEIA


We’ve all heard it said countless times before: there’s nothing the stock market hates more than uncertainty! Yet in a year marked by a spate of natural disasters, nothing has managed to impede the market’s inexorable rise. In the twelve months following Donald Trump’s election, US stocks (the S&P 500®) rose 21%, making it the fourth largest post-presidential election yearly gain since 1936 – exceeded only by Bill Clinton (32% rise in 1996), JFK (29% growth in 1960) and Bush Sr. (23% in 1988).
Click here to read the full newsletter.

Meet the New Boss, Same as the Old Boss (Part II)

December 6, 2017 Deron T. McCoy


Four years ago in our December 2013 SEIA Report titled, “The Federal Reserve: Meet the New Boss, Same as the Old Boss”, we offered reasons why analyzing the human makeup of the Board is so important (hint: they more or less set monetary policy for the world, affecting global capital markets everywhere). We opined that the new incoming Federal Reserve Chair Janet Yellen was very much in line with her predecessor and that her appointment was a “signal to all investors that easy monetary policy will be the policy of choice for the foreseeable future” and “short-term interest rates might be low for another three years extending through 2016.” We concluded by stating “Yellen’s policies should support ‘risk assets’ (Equities, High Yield Bonds, etc.) in the near term with her hopeful goal of higher inflation and economic overheating (not a typo) four years out which will in turn convolute her reappointment process (in 2017).” Download the full article here.

Media Highlights

November 6, 2017 FiComm


The October media highlights Volume VII 2017 includes key media acknowledgements that SEIA has received, alongside key national news stories.
Click here to download the full report.

The SEIA Report

September 28, 2017 SEIA


In this quarterly report we talk about 7 Steps to Strengthen your Information Security & Privacy.
Download the full report here to read this article and more.

PCG Newsletter

September 28, 2017 SEIA


It’s hard to believe it’s back to school season already. It’s also hard to believe that it’s been 10 years since the start of the financial crisis that brought about the Great Recession. A decade later, we find ourselves in the nation’s second longest economic recovery and expansion (FYI: the average duration of a bull market is 3.5 years).
Download the full private client group report here.

Media Highlights

September 28, 2017 SEIA


Volume VI 2017 includes key media acknowledgements that SEIA has received, alongside key national news stories.
Click here to download the full report.

Back to School: Public vs Private – Financial Edition

August 25, 2017 Deron T. McCoy


It’s hard to believe it’s back to school season already. It’s also hard to believe that it’s been 10 years since the start of the financial crisis that brought about the Great Recession. A decade later, we find ourselves in the nation’s second longest economic recovery and expansion (FYI: the average duration of a bull market is 3.5 years). Yet while stocks continue to push to new record highs, corporate earnings have failed to keep pace with prices, resulting in stock valuations that now sit near all-time highs. If you remove the tech bubble as a one-time anomaly, stocks have historically never been more expensive (based on a number of different metrics) than they are today. Download the full article here.

Reflation? Or just a scare…

June 15, 2017 SEIA


The textbooks say that fiscal policy tools are best utilized early in the business cycle, as the boost to stimulus can serve to offset early cycle weakness. But when used later in the business cycle, the boost may accomplish little more than the addition of inflationary pressures as there is little slack in the economy to absorb new stimulus. Now eight years after the recession, given the current economic environment (with unemployment already below the Fed’s long-term target) and the current agenda (focused on tax reform, deregulation and infrastructure spending), many pundits are calling for ever-rising inflation in the years ahead.

Download our report here.

Spanning the Globe: Looking abroad for market opportunities

May 16, 2017 Deron T. McCoy


What were you doing 6 years ago? It was the summer of 2011 and amidst a 9.1% unemployment rate, a 1.8% GDP report, a U.S. debt downgrade, European debt crisis (remember PIIGS?), and renewed weakness in housing prices we were busy writing our “Time to Get Patriotic” piece urging investors to buy U.S. stocks (SEIA Report Volume 4, Issue 2 dated June 2011). Since then, markets have more than doubled, with the S&P 500® moving from below 1200 to over 2400 as of early May 2017. That’s the good news.
While a boon for net worth statements, the rise in stock prices has come with a host of far less desirable effects. Download the full article here.

Fact Checking The Stock Market

March 21, 2017 SEIA


Due in no small part to an overwhelming sense of political fatigue, some investors and pundits headed into the New Year with a decidedly bearish outlook. For investors, the one thing that cannot be spun is the raw data.
Since mid-2015, we have been likening our sluggish economy to a plane flying at low altitude (“Flying at Low Altitude”). While the economy is indeed growing (the plane is airborne), it is nevertheless chugging along at a meager rate (low altitude). Therefore, any economic soft patches (turbulence) that occur near the zero GDP line (lower altitude) cause considerably more angst than periodic turbulence that’s experienced when the economy is humming along north of 5% (cruising altitude with no need for seatbelts). The margin for error is simply far smaller at low altitude.

Download our full report here.

Fed Raises Interest Rates for Third Time Since Financial Crisis

March 15, 2017 SEIA


SEIA Chief Investment Office Deron McCoy was featured in this New York Times article by Binyamin Appelbaum on March 15, 2017. Read the full text here.

Investment Strategies Forum Question: What exposure do you look for in ETFs?

March 9, 2017 SEIA


PAM talks with Rusty Vanneman from CLS and Mark Copeland from SEIA about what they see in the ETF space. To read the full article click here.

Signature Estate and Investment Advisors Reaches $6 Billion in Assets; Celebrates 20 Years

February 8, 2017 SEIA


SEIA was featured in an article on PR Newswire. To read the full article click here.

Media Highlights

January 19, 2017 SEIA


Volume V 2017 includes key media acknowledgements that SEIA has received, alongside key national news stories including:

Investment Strategies Forum Question: What exposure do you look for in ETFs?, Private Investment Management, March 9, 2017
Signature Estate and Investment Advisors Reaches $6 Billion in Assets; Celebrates 20 Years

Download here.

New Year’s Resolutions for Investors

December 31, 2016 SEIA


Whether building your dream house or crafting an investment portfolio that will last a lifetime, the likelihood of realizing your vision without a well thought out plan is at best remote. There are simply far too many decisions, choices and potential distractions. I can hear the mantra of Benjamin Franklin now: “if you fail to plan, you are planning to fail.”
Download the full article here.

EMERGING MARKETS; EMERGING OPPORTUNITIES

December 24, 2016 SEIA


It is a famous quote attributed to Christopher Columbus. It is wisdom that too few investors ever take to heart. Consider for a moment that U.S. investors typically allocate about 75% of their equity portfolio to U.S. stocks, yet our economy only accounts for about 22% of global GDP (JPMorgan).
Download our full report here.

2016 US. Presidential Election: As the dust settles

November 30, 2016 SEIA


ELECTION WINNER
Election results have come in and Donald Trump is set to be the 45th President of the United States. At the onset of this election, there were 16 candidates that included Ted Cruz, John Kasich, Jeb Bush and Marco Rubio. Yet after 597 days filled with countless headlines, political gaffes and midnight tweets, the American people have followed a recent global trend and voted to elect a political outsider.
Download the full article here.

Lowering the tent: the political circus leaves town

October 4, 2016 SEIA


It’s finally here! Hard to believe but after a bitterly contested and historic presidential campaign lasting 18 months, the election is now less than a few days away. And while political discussions over the final days are sure to stir emotions and angst amongst the neighbors (and perhaps within your own family!), prudent investors will not allow short-term passions to affect their portfolios. Now is the time to remember that most investment gains are rooted in facts while most losses are based on emotions.
Download the full article here.

2016 US PRESIDENTIAL ELECTION: EXPECT THE UNEXPECTED

September 15, 2016 SEIA


The Republican and Democratic conventions have both concluded with the expected nominees prevailing – but not without some controversies along the way. The Republican convention got off to a rocky start including an attempt to “unpledge” Trump delegates, as well as the notable absences of Republican Governor John Kasich and previous nominee Mitt Romney. Ultimately, the convention ended well with the speeches of vice presidential nominee Mike Pence, Trump’s children and presidential nominee, Trump himself being well received by the assembled delegates.
Download our full report here.

The Los Angeles Business Journal’s Best Places to Work

September 4, 2016 SEIA


Signature Estate & Investment Advisors, LLC® was recently named as one of the Best Places to Work in Los Angeles. This tenth annual program was created by the Los Angeles Business Journal and Best Companies Group.
This survey and awards program was designed to identify, recognize and honor the best employers in Los Angeles, benefiting the county’s economy, workforce and businesses. The list is made up of 100 companies. Signature Estate & Investment Advisors, LLC® has been named one of this year’s Best Places to Work in Los Angeles.
To be considered for participation, companies had to fulfill the following eligibility requirements:
– Be a for-profit, not-for-profit business or government entity;
– Be a publicly or privately held business;
– Have a facility in Los Angeles;
– Have at least 15 employees in Los Angeles;
– Be in business a minimum of one year.
Companies from across the county entered the two-part survey process to determine the Best Places to Work in Los Angeles. The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies and the final rankings. Best Companies Group managed the overall registration and survey process in Los Angeles, analyzed the data and determined the final rankings.
The actual rankings will be revealed at a special event on August 16, 2016, then published in the August 22, 2016, issue of the Los Angeles Business Journal.
For more information on the Best Places to Work in Los Angeles program, visit www.BestPlacestoWorkLA.com.

Media Highlights

August 29, 2016 SEIA


Volume IV 2016 includes key media acknowledgements that SEIA has received, alongside key national news stories.
Download it here.

U.S. Real Estate: All Grown Up

August 15, 2016 SEIA


The U.S. stock market is made up of many different types of companies across a multitude of industries. To assist investors, Standard & Poor’s and MSCI have grouped individual stocks into sectors, with each sector representing one slice of the stock market pie. Historically, the classification system was divided into 10 sectors (consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecommunication services and utilities) but starting next month, real estate will officially become its own distinct sector. The U.S. stock market pie will still be the same size—it will now just be divided into 11 instead of 10 slices.
Download the full article here.

FA’s 2016 Annual RIA Ranking

July 20, 2016 SEIA


Click here to see the full list.

‘Bremain Calm’ or ‘The British are Leaving!’

July 1, 2016 SEIA


UK citizens in a non-binding national referendum voted to leave the European Union (EU) trading bloc. Reasons likely vary from voter to voter, but two main constituencies seemed to propel the leave vote: rural/industrial working-class voters who feel economically left behind and are spurred on by a nationalistic desire to control immigration and take back power from perceived “appointed EU bureaucrats,” along with older pensioners fueled by a yearning for the old days of a more powerful and sovereign UK.
Download the full article here.

Britain’s Independence Day?

June 24, 2016 SEIA


While most analysts and polls predicted a close vote for the U.K. referendum, few predicted the vote to be in favor of the United Kingdom leaving the European Union. Final results of the June 23rd United Kingdom referendum came out this morning stating that Britain has voted to leave. Prime Minister David Cameron also announced that he would step down as Britain’s Prime Minister.
Download the full article here.

THE END OF FISCAL AUSTERITY

June 15, 2016 SEIA


Between the never-ending U.S. election coverage and the turmoil in global capital markets to begin the year, there’s a good chance you may have missed a seismic shift that registered barely a blip in the press. For the first time in a half-decade, Congress finally took some positive actions to benefit economic growth.
Download our full report here.

The Los Angeles Business Journal’s list of the 100 Largest Money Management Firms

May 30, 2016 SEIA


SEIA was featured in the top 100 largest money management firms.
Click here to see the full list.

Should I Stay or Should I Go?

May 29, 2016 SEIA


There has been no shortage of headlines over the past months championing both sides of the argument regarding the upcoming (June 23rd) referendum as to whether or not the United Kingdom will remain a member of the European Union. Attempting to wade through all the information and digesting it can quickly become a bit overwhelming, so we thought we would lay out a few key points leading up to the so-called BREXIT (British Exit) vote.
Download the full article here.

Sunnier Days

April 25, 2016 SEIA


Just a few short months ago, we wrote at length about the stranglehold that fear seemed to have on both investors’ psyches and on the markets at large. Despite a steady stream of encouraging economic reports showing continued growth in employment, strong consumer spending and service economy expansion, a cloud of worry that a slowdown in China might be triggering another global recession or a potential monetary policy mistake persisted.
Download the full article here.

What should you do with that 401(k) when you retire?

April 22, 2016 SEIA


SEIA was featured in the Washington Post.
Click here to read the full article.

The End of Fiscal Austerity

March 15, 2016 SEIA


Between the never-ending U.S. election coverage and the recent turmoil in global capital markets, there’s a good chance you may have missed the December headlines coming out of Congress. For the first time in a halfdecade, the legislative body finally took positive action to benefit economic growth.
Download the full article here.

FEAR OR FUNDAMENTALS?

March 10, 2016 SEIA


After a frustrating 2015, where most major asset classes either returned less than 1% or lost money outright, investors were welcomed into the new year with the worst first ­week of stock market losses—EVER! Following the 6th worst opening day since 1928, the S&P 500 continued to lose ground, ending the first full week down 6%, with the tech­ heavy NASDAQ down 7.3%. But losses weren’t confined strictly to Large Caps—by mid­day Monday, small cap stocks (Russell 2000) were officially in bear market territory, down more than 20% from their June peak.
Download our full report here.

2016: Fear Trumps Fundamentals

February 20, 2016 SEIA


After a frustrating 2015, where most major asset classes either returned less than 1% or lost money outright, investors were welcomed into the new year with the worst first-week of stock market losses— EVER! After the 6th worst opening day since 1928, the S&P 500 continued to lose ground the rest of the week and by Friday the Index was down 6%, with the tech-heavy NASDAQ down 7.3%. And losses weren’t confined strictly to Large Caps—by midday Monday, small cap stocks (Russell 2000) were officially in bear market territory, down more than 20% from their June peak.
 
Download the full article here.

Why You Should Do A Digital Inventory of Your Assets

February 8, 2016 SEIA


SEIA’s very own Tom West was featured in this U.S. News article.
To read the full article click here.

The Top 25 High-Net-Worth Advisors in 2016

January 4, 2016 SEIA


SEIA was ranked among the 25 top high-net-worth advisors in 2016.
See the full list here.

OPPOSITES ATTRACT

December 31, 2015 SEIA


They say opposites attract. In capital markets, perhaps there are no two more opposite asset types than high-quality U.S. Treasuries and energy-related Master Limited Partnerships. One is deemed perhaps the safest asset in the world, while the other lately seems perpetually mired in losses. We focus on them a bit more closely this quarter, as we may be at an inflection point— for both assets.
Download our full report here.

Media Highlights

October 19, 2015 SEIA


Issues II & III of 2015 highlight SEIA’s featured articles throughout the year. Including articles such as:

Lamar Odom’s medical debacle offers lessons on estate planning, InvestmentNews.com, 10/19/15
The Right Way to Take Your IRA Withdrawals, Time.com, 10/14/15
The Shocking Things People (Especially Those Over 64) Don’t Know About Medicare, Huffington Post, 10/05/2015
Where to Stash Your Cash, Barron’s, 10/03/15
14 Technologies Seniors Should Use To Make Life Easier, About.com, 10/02/15
Prepare Your Bond Portfolio for Rising Interest Rates, The Street, 09/23/15
Barron’s names SEIA CEO Brian Holmes as a Top Independent Financial Advisor for Nine Consecutive Years, Market Wired, September 15, 2015
3 Ways Rising Interest Rates Could Affect Retirees, The Street, September 9, 2015
Financial Tips for Career Changers, U.S. News & World Report, August 2015
Financial Tips for Career Changers, Yahoo! Finance, August 2015
SEIA named on Los Angeles Business Journal’s Best Places to Work list, August 2015
When $1.5 Million Isn’t Enough for Retirement, Money Magazine, July 2015
Is Your Financial Advisor a Good Curator?, U.S. News & World Report, July 2015
Los Angeles Business Journal: The 100 Largest Money Management Firms,June 2015
Signature Estate and Investment Advisors, LLC Crosses $5 Billion in Managed Assets, May 2015
How to Jump Into the Foreign Rally, Wall Street Journal, May 3, 2015
Epic Rally in Stocks to Keep Running, CNN Money, April 2015
Take Advantage of Tax Alpha, InvestmentNews, April 2015
Q2 Investing Strategies: Top Five ETF Buys From Powerhouses With $1 Billion+ In Assets Under Management, Forbes, April 2015

To read issue II click here.
To read issue III click here.
 

Consistency Matters

October 15, 2015 SEIA


Brian D. Holmes was recently ranked in Barron’s list of the top independent financial advisors for the ninth consecutive year. See the full article here.

JAPAN: PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RETURNS

September 4, 2015 SEIA


Global investors and even Japanese citizens are woefully although understandably under allocated to Japanese stocks. Why? For most of our “investment” lifetimes, the island nation has been a place to avoid, with equities (Nikkei 225) still unable to fully recover from the Japanese bubble that popped 25­years ago. From the 1989 top to the 2009 bottom, Japanese stocks lost 83% of their value. Even despite recent gains, a $1 million Japanese equity investment made in 1989 would be worth $500,000 today compared to $6 million if invested in U.S. stocks (S&P 500).
Download our full report here.

Like Any Summer Squall, This Too Shall Pass

August 25, 2015 SEIA


On May 21st, U.S. stocks (S&P 500®) reached an all-time high of 2130. But summer squalls overseas (Greece, China, etc.) have subsequently rattled global investors and caused many to hit the sell button, pushing stocks lower into “correction” territory – a drop of 10% from their springtime highs. The sudden bout of volatility may seem out of the ordinary but only because stocks have traded in their narrowest band ever through the first eight months of the year. But the lack of volatility is by no means merely a 2015 story. Over the last three calendar years, at no time have stocks retrenched more than 7% from their highs, which is in stark contrast to historical averages. Dating back to 1980, the average intra-year drop is 14.2%!
Download the full article here.

Japan: Past 25-year Performance is Not Indicative of Future Returns

June 15, 2015 SEIA


Global investors and even Japanese citizens are woefully although understandably under allocated to Japanese stocks. Why? For most of our “investment” lifetimes, the island nation has been a place to avoid, with equities (Nikkei 225) still unable to fully recover from the Japanese bubble that popped 25-years ago. From the 1989 top to the 2009 bottom, Japanese stocks lost 83% of their value. Even despite recent gains, a $1 million Japanese equity investment made in 1989 would be worth $500,000 today compared to $6 million if invested in U.S. stocks (S&P 500). And that pain wasn’t merely limited to a bad investment made during a narrow window in late 1989. The same investment into Japanese stocks made 6 years later (the typical length of a normal business cycle) would still be down 1% compared to a 350% gain here stateside. Is there any wonder why investors love U.S. stocks and seemingly despise the third largest economy on earth?
 
Download the full article here.

GLOBAL EQUITY HORSERACE: AN UPDATE ON EUROPE

June 10, 2015 SEIA


Six years into an economic cycle is bound to bring on some changes. In every bull market, as it matures, consumer sentiment improves. It’s only natural that we should collectively feel better as our stocks gain wealth. However, “happier” investors tend to fuel exuberant over sustained rallies, and eventually greed begins to take hold. As the herd mentality sets in, prices move ever higher—until ultimately valuations become too stretched and the inevitable downslope of the business cycle begins and equity prices correct.
Download our full report here.

The Global Equity Horserace: An Update on Europe

May 10, 2015 SEIA


The month of March marks a couple of key milestones in recent investor lore. On March 9th 2000, the NASDAQ broke through 5000 and peaked one day later at 5048 (the only two days the index closed above that mark). Fifteen years later, the index is once again poised to break through the momentous level as it rests at 4976 at the time of this writing. March 9th also marks the sixth anniversary of the current (U.S.) bull market which has taken the S&P 500 index from a then low of 676 to a late February high near 2115—a gain of over 1440 points! The nearly 230% gain has led most major global indices and vaulted the S&P 500 back into the spotlight as the world’s darling, fulfilling our 2011 SEIA Report hypothesis that “the time will soon be upon us when stocks again regain their status as king of the investment choices.” While the media will focus on the NASDAQ and compare and contrast 2015 with 2000, we believe that it is more prudent to analyse the S&P 500 and compare today with the economic landscape of just a few years back. Our conclusion? The biggest gains from U.S. stocks may be behind us as the world’s thoroughbred rounds the last turn in this business cycle.
Download the full article here.

THE ECONOMICS OF OIL PRICES AND POTENTIAL IMPACT TO YOUR PORTFOLIO

March 17, 2015 SEIA


On June 19th of last year, Crude Oil was trading at $106.83/barrel. A mere seven months later, on January 19th, frenetic trading had brought the price per barrel down to $46.47 (a historical drop of 56%). Yet demand is holding steady and, in fact, projected to increase over the next couple of years. The problem today is not a demand problem but rather a “supply” problem that’s directly attributable to the U.S. Shale Oil revolution. In short, the world is awash in too much oil.
Download our full report here.

Crude Oil

February 20, 2015 SEIA


Several years ago, many of the discussions in SEIA’s Investment Committee (IC) centered on whether the commodity “Super Cycle” of the last decade had finally come to a close. Long-term investors will recall that the period of the 2000s was marked by outperformance from commodities due in part to strong Emerging Market economies. China’s rapid ascension gave a boost to any commodity needed to urbanize a vast and populous country (copper and iron ore to build, coal to run the power plants that provide electricity, and crude oil to fuel a new car-buying nation). The influx of capital into these economies strengthened their currencies at the expense of a weaker U.S. Dollar. These stronger currencies could then be used to buy more commodities to build more things, and the “super cycle” was on.
Download the full article here.

2014 MID TERM ELECTIONS: A LOT CAN CHANGE IN 6 YEARS

December 31, 2014 SEIA


Six years after the 2008 election, which netted Democrats 60 Senate seats and a super majority (along with the ability to enact broad legislation), the 2014 midterm “Republican wave” changed the balance of power, resulting in the most dominantly Republican Congress since 1929. In the Senate, Republicans picked up at least seven seats giving them a 52-54-seat majority (races are still to be decided in Alaska and Louisiana). In the House, they gained 13 seats to give the party its largest majority since before World War II.
Download our full report here.

The 2014 Autumn Fall: Have the Leaves of Global Growth Changed Color?

October 11, 2014 SEIA


Three weeks ago, the S&P 500 (a measure of U.S. Large Cap stocks) hit a new closing high of 2011.36 (intraday high of 2019 a day later) and was up 10% for the year after returning 32% the year prior. Such fantastic returns over a relatively short period of time prompted the SEIA Investment Committee to mention this past July that investors should “revisit ones asset allocation as the moves over the last 18 months may have left some investors overexposed.” But now that the U.S. stock market has backed away from its historical high, investors are now asking whether anything has changed or rather has the change in fall colors coincided with a change in our outlook for economic growth.
Download the full article here.

Brian Holmes, CEO of Signature Estate and Investment Advisors, Named to Barron’s Top 100 Independent Financial Advisors List for 8th Consecutive Year

October 1, 2014 SEIA


This article features Brian Holmes as one of Barron’s top independent financial advisors for the 8th consecutive year.
To read the full article click here.

Paul Taghibagi of Signature Estate and Investment Advisors, Named to Barron’s Top 100 Independent Financial Advisors List for 3rd Consecutive Year

October 1, 2014 SEIA


This article features Paul Taghibagi as one of Barron’s top independent financial advisors for the 3rd consecutive year.
To read the full article click here.

WHY THE TRADITIONAL ASSET ALLOCATION PLAYBOOK MAY BE OBSOLETE: THE X’S AND O’S OF ALTERNATIVES

September 4, 2014 SEIA


Asset allocation “strategies” have traditionally been limited to determining what percentage of a portfolio should be invested in stocks vs. bonds. Bond yields around the globe are at historical lows. Rates are eventually heading higher, which will lead to interest rate risk for bond holders’ principal. Domestic equities are arguably in the later innings of an all already above average bull market in terms of length and returns. So it is therefore safe to say that “traditional” asset allocation is not what it once was. Consequently, high net worth investors are increasingly turning towards Alternative Investments (“alts”) as a part of their overall long term game plan. With this in mind, let’s break down the game film on alternative investments:
Download our full report here.

THE RECIPE FOR A MATURING BULL MARKET

June 30, 2014 SEIA


FEAR: A five-year-old bull market can change people. Not that long ago, we were preaching to anyone who would listen the merits of stocks. But the conversation proved difficult as fear overwhelmed many investors. As recently as February 2011 we said, “Even with our current bull market posting a near 100% gain…history suggests that this bull may still have room to run.”
Download our full report here.

Los Angeles Signature Estate and Investment Advisors SEIA Continues Rapid Growth Now at 4 Billion in Managed Assets

June 30, 2014 SEIA


Signature Estate and Investment Advisors, LLC (SEIA), a full service wealth management firm headquartered in Southern California, has surpassed $4 Billion AUM* and is growing at a rapid pace, with a completely organic approach that exemplifies the power of independent financial advice. The firm has created an advisor-client-community service ecosystem second to none, that fuels growth by optimizing the way clients receive financial advice.
 
To read the full article clic

Globalization vs. the U.S. Business Cycle: The Effects on U.S. Interest Rates

April 22, 2014 SEIA


Many investors believed that U.S. interest rates, which started the year at 3.02%, would move north this year and approach 3.50%. But in fact, the opposite has occurred and rates now sit at 2.50% as of August 4th. What happened? This year, Europe joined Japan with another aggressive attempt at further easing of monetary policy, which pushed interest rates lower across the Atlantic. German government bonds (Bunds) are now at an historic low yield of just over 1.15%. Even in troubled Spain, corresponding bond yields have moved below 2.30% to reach their lowest yield dating back 225 years to 1789! Although low, European yields are not the lowest in the developed world. Across the Pacific, Japanese government bonds (JGBs) have an astonishingly low yield of 0.50%. In an era of globalization and rapid money movement, it is hard to argue that current U.S. yields of 2.50% are unattractive compared to corresponding bonds overseas. The 135 basis point (bps) spread between Treasuries and Bunds is rapidly approaching record levels. In fact, the last two times the spread was this wide it soon reversed course leading to one of two results, higher Bund yields or lower Treasury yields. But which outcome is most likely? Let’s analyze each case.
Download the full article here.

2014 Q1 EQUITY MARKET OUTLOOK: “DO THE MATH”

March 30, 2014 SEIA


Analysts can value assets in many ways. For real estate, metrics such as Costper-Square Foot and Capitalization Rates are common. For equities, valuation ratios include Price-to-Cash Flow (P/CF), Price-to-Sales (P/S), Price-to-Book (P/B) and the lengthy Enterprise Value-toEarnings before Interest, Taxes, Depreciation and Amortization (EV/EBITDA).
Download our full report here.

THE FEDERAL RESERVE: “MEET THE NEW BOSS, SAME AS THE OLD BOSS.”

December 31, 2013 SEIA


The Federal Reserve (the Fed) was not the original central bank of the United States. In 1791, the then fledgling U.S. government granted the First Bank of the United States a charter to operate as our central bank until 1811 when Congress refused to renew its charter. Five years later, the Second Bank of the United States was established but it again lost its charter in 1836.
Download our full report here.

ALL COUNTRY WORLD INDEX (ACWI): A BETTER MOUSETRAP

September 30, 2013 SEIA


A lot can change in six years. For example, in 2007, Apple launched its game-changing mousetrap (the iPhone); but that year also marked the beginning of the financial crisis. In October 2007, U.S. equity markets started to retreat from their recent all-time highs and markets fell into turmoil.
Download our full report here.

WHEN SAFE BECOMES RISKY, TIME TO REBALANCE

June 30, 2013 SEIA


Last quarter we suggested that although equity markets were approaching six-year highs, “higher yielding securities will continue to perform.” That prognostication quickly proved true as investors’ constant thirst for yield pushed income-oriented assets northwards as dividend securities (Utilities, Consumer Staples, Pharmaceutical Companies, Telecom, Master Limited Partnerships, etc.) enjoyed a rousing first quarter. But now with the S&P 500 at historic peaks, many are questioning whether the market can continue to advance or to heed the catchy rhyme of “Sell in May and go away.”
Download our full report here.

BULL MARKET TURNS 4!

March 31, 2013 SEIA


BULL MARKET REVIEW: In early February, the venerable Dow Jones Industrial Average, with its long and storied past, traded above 14,000 for the first time since October 2007, moving to within 180 points (1.3%) of its all time high. The S&P 500, meanwhile, moved above 1500, to levels last seen in December 2007. With major U.S. equity indices approaching all time highs, it may be a good time to step back and reassess where capital markets could go from here. But before we look ahead, let’s look at where we have been.
Download our full report here.

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