RMB Capital Management

Insights Library

Our Perspective

This collection of articles and commentaries from RMB provides examples of the in-depth research and analysis, industry knowledge, and fundamental principles underlying what we do for our clients. Explore the content available by scrolling or filtering topics.

Maximize the Benefits of Your Charitable Donations

When it comes to charitable giving, it’s important to consider the most appropriate gifting vehicle and amount­–both from a philanthropic and a tax liability standpoint. We consistently encourage the practice of gifting shares of long-term appreciated stock (shares that have been held for more than a year) instead of cash, as this technique offers benefits to both the charitable organization and the donor. The following case study illustrates the advantages associated with gifting long-term appreciated stock.

Strategies for Tax-Efficient RMDs

Retirement is often associated with control – control over scheduling, travel, and leisure. However, beginning at age 70.5, some degree of retirees’ control is diminished by the individual retirement account (IRA) required minimum distribution (RMD). While there are worse fates than being forced to distribute your own hard-saved retirement funds, these distributions can create myriad issues when it comes to tax and estate planning. This is an area where your advisor can add great value, especially since more and more retirees are relying exclusively on 401(k)s and IRAs to fund their daily lives.

Investing in a Low-Return Environment

  • Mar 23, 2017

In recent years, several investment challenges, including historically low interest rates and fully priced equity valuations, have led to below-average returns for many investors’ portfolios. A low-return environment like this can make it difficult to meet investment goals. In this article, Ann Guntli, CFA, discusses historical rates of return for stocks and bonds in the United States, causes of current low-return expectations, and how RMB has been combating this issue for our clients.

Employee Profile: Paul Joyaux

In his 12 years with RMB Capital, Partner and Senior Wealth Manager Paul Joyaux, who currently leads one of Chicago’s wealth management teams and serves clients mainly in the Midwest, has seen the organization grow beyond what he could have imagined. In this interview, Katie DenHollander, Marketing Manager, talks with Paul about the career path that led him to RMB and what he values most about his experience thus far.

Annuity Basics

The concept of annuities is relatively straightforward, but many investors are unfamiliar with the details surrounding them. Those details are complex, given that the universe of annuity providers is vast and includes various types of annuities. This article by Janek Pedersen, CFP® and Wealth Advisor, focuses on helpful tips and provides information about the structure and function of annuities in today’s market. Annuities can be beneficial in certain circumstances, but it’s important to understand the associated rules, costs, and penalties before investing.

Avoiding Unintentional Risks

When assessing investment risk, many people take into account only the volatility of returns. But as Senior Analyst Ryan Kennedy, CFA, explains, there are other risks – related to drawdowns, illiquidity, and leverage – that should also be considered, and the same investment may even have different risks for different investors. Because some degree of volatility is inevitable, investors can better mitigate risk by understanding where it lies and building a diversified portfolio accordingly.

Market Perspective & Investment Outlook

As we closed out the third quarter of 2016, the volatility of the first quarter seemed a distant memory. Despite the Brexit blip at the end of June, which caused the S&P 500 to fall 5% in two business days, the market has steadily risen since mid-February and has continued to reach new highs. Equities around the world have been supported by accommodative monetary policies, steady economic data, and rising oil prices. Through September, oil was up 30% year-to-date, the S&P 500 was up 7.8%, and, despite fears surrounding a slowdown in China that had plagued financial markets at the beginning of the year, emerging markets were up 16%. When the Great Recession ended in June 2009, an economic expansion began. That expansion has now lasted seven years and a quarter, outpacing the post-World War II average of approximately five years. The longest expansion on record lasted 10 years, spanning March 1991 until March 2001.1 If the current expansion were to last through the President-elect’s first term, it would become the longest in history.

Bond Mechanics & Fixed Income Markets

Bonds play an important role in any investor’s portfolio. To understand how bonds react in different economic and market environments, it’s helpful for investors to have a general understanding of the simple mechanics behind how bonds work. In this article, Ryan Forberg, CFA, explains the characteristics of bonds, highlights the key drivers of the bond market, and outlines expectations for the bond market in 2017.

Reverse Mortgages: A Lifeline of Last Resort

Reverse mortgages were created to allow older homeowners the means to stay in their home in times of financial hardship, but they often come at a substantial cost. In this article, Wealth Advisor Trevor Isham, CFP® examines the key attributes of reverse mortgages, as well as their potential intermediate- and long-term effects on your financial wellbeing. For many, the downside of a reverse mortgage far outweighs the upside.