2016 In Review & Outlook

2016 Review

The Fed and Brexit

A Look Back at the Quarter and Year

All and All – Not Much

A Quarter with Little to Offer

Unabated Volatility

25th Anniversary

As you can see from the new letterhead we are celebrating our 25th anniversary. We want to thank all of our clients and friends for making this possible.

SEI Clients

I am happy to say, that for our SEI clients, we have finally been able to get SEI to take the client fees from their accounts monthly instead of quarterly. With most of our other clients we have been taking fees out either daily or monthly for some time. This is a big improvement since use of “dollar cost averaging” is beneficial both when funds go in and when they come out. This change should produce smoother investment flows over the course of the year.