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Tim Sittler, CAIA, CFP®
A common adage in economics is “there is no such thing as a free lunch”. Although generally true, exceptions do exist. One such exception relates to a Social Security loophole that the Bipartisan Budget Act of 2015 closed for those born January 2, 1954, or later¹. This loophole remains open for those born January 1, 1954, or earlier. Since this applies to a declining subset of the population, this loophole is receiving progressively less...more
It has been a wild week for the markets. A global selloff in bonds sparked fears that we are heading into the final innings of the bull market. Major equity markets fell into correction territory and struggled to find support as the week went on, but what has really changed? We review what sparked this turnaround, why it may be an overreaction, and why our long-term outlook for global equities remains positive.more
Don Simoneaux - Director of Alternatives
Hedge funds have grown significantly in popularity over the past decade. Total hedge fund industry capital has reached a record level of $2.41 trillion as of Q2 2013. (1) Originally, hedge funds offered little transparency and were limited to sophisticated institutions and ultra-high net worth individuals. Today, hedge funds have become widely accepted among qualified investors. Hedge fund transparency has increased while hedge funds have...more
The return of broad-based global economic growth last year pushed the markets to new highs. This year we expect the markets to continue the climb upwards, but the path will be more volatile. The factors that are driving market appreciation are changing. Adapting to these changes will be crucial to meeting investment goals....more
2017 is shaping up to a be a year in which the future direction of politics and economic policies are decided. Click the link to read how we view the economic landscape and how we are positioning our portfolios to stay a step ahead of the ups and downs this year is sure to bring.
Mikiel Featherston - Director of Planning
Client had a substantial position in a privately held company. The company was growing rapidly with the expectation that valuations could potentially quadruple over the next three years. Client needed access to the funds during their lifetime but was looking to minimize their estate tax liability upon the death of the second spouse.
The Waterloo Way
Waterloo first recommended a solution and then brought in a...more
John Chatmas, CEO
Client is the CEO of a large privately held company. Client was looking for ways to gain liquidity on their privately held position and create a wider spread of ownership between themselves and the organization’s next set of leaders. Moreover, the client wanted to avoid converting the current internally held interest to a minority position. An additional objective was to enhance the return on equity for current shareholders. Several private...more
John Chatmas, CEO
New client is the CEO of one of the largest private real estate development companies in the United States. Client has greater than $50 million in real estate holdings that accounts for approximately 80% of current net worth. Client has multiple personal guarantees on current projects. In addition, client’s non real estate investment portfolio is constructed of primarily public equity and REITs.
John Chatmas, CEO
Client was a C-level officer in one of the worlds largest technology companies. During approximately 15 years of employment, the client had accumulated approximately one million shares of publicly traded stock. The year was 2000 and the market was tenuous at best. A substantial portion of the client’s position was still restricted. The current value of the client’s position was approximately $40 million. The client wanted to diversify his...more