David Blanchett

Starting the prep for #LPLFocus. Looking forward to helping all advisors who have recently joined #LPLFinancial transition their entire client base. Don't leave accounts because former managers are not available or capital gains are too much of an issue to make changes.  There is a better way..

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Article featuring my quotes and a link to my blog post regarding how -- or whether -- the results of the upcoming election might affect investors' portfolios.

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The share of target date fund assets as a percentage of total 401(k) assets has more than quadrupled since 2007. But how many 401(k) participants have access to TDFs in their plans? Find out in this month’s Retirement at a Glance. bit.ly/3UNORoY.

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In this week's commentary, portfolio manager Brian Schaefer steps back from current market dynamics to share key elements of the disciplined process our Investment Committee applies to portfolio allocations. As he writes, the antidotes to emotional decision-making are "process, planning and preparation" – and professional investors need those antidotes just as much as clients do. #InvestmentCommentary https://lnkd.in/gbWMc-V4

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Our Q1 review and outlook is a quick but comprehensive update of our views on equities, fixed-income, commodities and the US economy. Still Higher for longer on consumer demand and inflation.

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In JD Gardner, CFA, CMT’s latest blog for Aptus Capital Advisors, he offers some thoughts on “currency debasement” and national debt and how savvy advisors can approach the economic impacts of both. Based on data from previous years, he sees a tremendous advantage in investing in risk assets rather than (conservative) traditional bonds and currency. And, with a managed portfolio, you can get allocations just right to confidently own more risk. Read his full post for more background and explanation. https://lnkd.in/e2EJA5j3

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Dear Friends, Here is my most recent APRIL 2024 Market Commentary. IS THE ECONOMY REALLY AS GOOD AS THE GOVERNMENT CLAIMS? We are living through a historic 15-year bull market that may be holding off a recession. Unless the laws of the economic business cycle have been suspended, indicators are signaling a bear market recession coming soon. In my April report, I explain the reasons a recession has been delayed, but is still on the horizon. Among them, the $11+ trillion in stimulus dollars that have poured into the economy since 2020. Economists have estimated that two-thirds of last year’s GDP growth was directly or indirectly tied to stimulus dollars. And, while many Americans enjoyed excess savings in the wake of these stimulus programs, consumer credit card debt is now at record levels. Many indicators are still warning of an overvalued stock market. Learn more in my most recent Market Commentary. https://lnkd.in/ehnwZmPv

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Outperforming the broader equity market is a daunting task, especially during bull markets. Even strategies with superior risk adjusted returns often struggle to keep up. But what if there’s another way? My latest post ‘Leverage Your Way to Better Risk-Adjusted Returns’ offers some insight.

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In this Wealth Management Quarterly, I revisit Barton Biggs' War, Wealth, and Wisdom. I examine the question of “how do you preserve wealth in times when the Four Horsemen (Pestilence, War, Famine, and Death) are on the loose?” The Four Horsemen have a broad economic impact and unify various market trends in real estate, defense spending, inflation, Nvidia's AI chips, commodities, gold, BTC, healthcare, and animal health spending. Find more insights here: https://lnkd.in/ei-WhzdD #wealthmanagement #marketinsights #financialplanning

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Some fixed-income terminology can be complex, leaving clients feeling confused, frustrated, and disconnected. Learn how to bridge the gap and ensure you’re on the same page about investment goals.

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"The heart of an advisory practice is the client." Yes, JD, I agree! Listen to the latest episode of The Deep Dive with Jay Hummel where he interviews Aptus Capital Advisors CIO and Founder JD Gardner, CFA, CMT to talk about how advisors should (and shouldn't) spend their time. It's a great conversation!

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https://lnkd.in/eNMQk-Y9 Will the Fed reduce rates in September? We don't think so. Shelter costs are still running at 5% increase per year and contribute more than 1% to the overall CPI. The Federal Reserve is hoping for inflation to fall below 2% before dropping rates. Until last month, when energy costs plummeted and brought month over month CPI increase to 0%, inflation had been increasing at an annualized rate of 3% to 4%. There are no Fed meetings in August or October. Even though many experts believe there is a 75% chance for a rate cut in September, we believe it may come after the election.

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This week’s large muni bond new issue deals should be priced to sell, as dealers want to keep deals moving. They should also be well received, as institutional municipal money managers need large block sizes to retool portfolios toward original mandates. Learn more in our weekly commentary.#weeklyinsights

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Plan Sponsors: Have you examined the fixed income portion of your plan’s target date solution lately? Watch to find out why this might be an important consideration as you evaluate the suitability of your plan investment selections.

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