Nonplussed—Osterweis Strategic Income Outlook, Second Quarter

Although we remain constructive about the economic outlook, the recent increase in speculative act ...


Solid Fundamentals but Questions Remain—Osterweis Equity Outlook, Second Quarter

Despite a volatile first quarter, economic fundamentals appear to be improving. We are constructiv ...


Looking Through Very Short-Term Recovery Issues in Emerging Markets

We acknowledge near-term risks have increased for EM stocks, but there are mitigating factors and ...


First Quarter 2021 Attribution Summary

Our active model portfolios, except for Equity, outperformed their benchmarks in the first quarter ...


Upgrading Our U.S. Stocks Fair-Value Range

We are raising our estimated return range for U.S. stocks. However, they remain relatively less at ...


A Decade Past, the Decade to Come

We look back on the last 10 years and consider what to expect as investors over the next 10.


Portfolio Update: Removing AMG Managers Pictet International

We are selling AMG Managers Pictet International due to a manager change.


Changes to Our ETF Lineup

We recently reevaluated the available ETF products and revised our preferred choices across asset ...


A Sustainable Investing Lexicon

You will want to share your thinking with your clients on sustainable investing. A good place to s ...


Tax-Efficiency Rankings of Model Portfolio Holdings 2021

Based on data compiled from Morningstar, we’ve grouped or ranked the funds we own in model portfol ...


Artisan Partners Investor Update Replays—Second Quarter 2021

Portfolio managers, including Chris Smith, Lewis Kaufman and Rezo Kanovich, discuss their team's i ...


Views on Smaller-Cap U.S. Stocks

Given the weight of the evidence, we are pro-rata underweight to both larger-cap U.S. and smaller- ...