Evercore Wealth Management
Banks have long been the primary source of credit, using their low-cost deposits to fund loans to consumers, small businesses, and students. Recently, however, advances in technology and the disintermediation of banks have opened up a new channel: alternative lending.…
We expect soft global luxury demand to persist as Chinese consumption of high-end luxury goods continues to wane, but also due to the rising importance of healthy living and active lifestyle, which appears to be replacing traditional luxury goods as…
In another bumper season for statewide ballot initiatives, including some that seem too complicated for a general electorate, investors in California have to be wondering how much of a good thing is too much for the state’s fiscal health. The number…
We have been living with near-zero interest rates for so long that they are beginning to feel almost normal – but they are not.
Introduction This November, voters in California will be confronted with 17 statewide ballot initiatives, the product of record campaign spending. Some, including Proposition 60 on Adult Films, seem trite; many are too complicated for a general electorate. However, five propositions…
Editor’s note: Evercore Wealth Management supplements its core investment capabilities with carefully selected outside funds across the range of the firm’s asset classes. The firm has invested in Dimensional Fund Advisors’ DFA International Core Equity Portfolio since September 2014, during…
Investors around the world have flocked to U.S. bond markets in search of yield and, since Britain’s referendum vote to quit the European Union, safety. Certainly, the U.S. fixed income sector stands out against the very low, or even negative,…
Risk matters. A portfolio that holds risky assets has a greater likelihood of more extreme movements. If these movements are outside an investor’s comfort range, there’s another risk at play: that he or she will abandon an investment plan, with…
Three words are commonly associated with fees related to private funds: onerous, opaque, and complicated. For some prospective investors, the management fees and carried interest charged by the general partnerships that manage these funds can be a turnoff. So too…