by Brian Jacobs | Dec 18, 2025 | Blog, Investment Concepts
Back in February, we wrote about a common tax mistake investors make with their fixed income allocations: ignoring the state tax benefits of Treasuries. A simple breakout of Treasury income (which is not taxable at the state) can save clients thousands (or more). As...
by Brian Jacobs | Dec 2, 2025 | Blog, Investment Concepts
As affordability pressures rise, leaders are proposing the idea of ultra-long mortgages, including 50-year terms, to entice buyers. The pitch sounds intuitive: stretch the loan longer and lower the monthly payment. However, at today’s interest rates, the...
by Brian Jacobs | Nov 21, 2025 | Blog, Investment Concepts
Private credit has become the industry’s favorite shiny object, recently surpassing the entire market for listed high-yield corporate bonds with $1.7 trillion in assets per Preqin. The yield looks great, the line on the chart looks smooth, and the marketing is...
by Brian Jacobs | Nov 6, 2025 | Blog, Investment Concepts
Why ETFs Deserve the Flow of New Money Mutual funds distribute gains that investors may not have realized themselves ETFs can defer or avoid those gains through in-kind redemptions Deferral enhances after-tax compounding, especially in taxable accounts New...
by Brian Jacobs | Oct 31, 2025 | Blog, Investment Concepts
At today’s levels, we think high-yield credit offers little value to investors. The yield of the Bloomberg U.S. Corporate High Yield Index sits at just 2.6% above Treasuries of similar duration, within spitting distance of the all-time narrow level of 2.3%. The last...
by Brian Jacobs | Oct 24, 2025 | Blog, Investment Concepts
As our resident “trend guy,” I sometimes get pulled into conversations with advisors about trend-following strategies. While we as a firm are strictly strategic at the allocation level, we do incorporate trend as a component in some of our funds. I figured I’d...
