The second quarter of 2023 begins with an interesting look back at the first quarter: substantially weakened numbers for US manufacturing activity, including employment, in the second half of the first quarter and a newly revised Atlanta Fed GDPNow
Mallon Fitzpatrick
Wealth Transfer: The Clock is Ticking
As published in Rethinking65 By Mallon FitzPatrick and Alicia Denton March 30, 2023 - Now may be one of the best opportunities to transfer a significant amount of wealth to future generations. The present market and legislative landscape have
Robertson Stephens Weekly Commentary – March 27, 2023
The Fed's decision to raise rates modestly and signal a possible tempering of monetary tightening going forward will no doubt be re-evaluated at the end of this week with the release of important inflation indicators for February. All indications
Have an overfunded 529? New laws can help
By Vicky Jung, CFP® and Mallon FitzPatrick, CFP® March 22, 2023 - A provision within the recently enacted Secure Act 2.0 may benefit those with an overfunded 529 and provide a new estate planning opportunity. The penalties are high if the funds
Robertson Stephens Weekly Commentary – March 20, 2023
As the Federal Reserve prepares for this week’s FOMC (Federal Open Market Committee) meeting, the turmoil in US regional banks and the European banking system will be a new and uncertain factor. In addition to the question of how an additional rate
IN the Office with Mallon FitzPatrick
March 20, 2023 - Principal and Managing Director, Mallon FitzPatrick was featured on InvestmentNews “IN the Office” discussing ‘Why current market conditions and regulations make this the ideal time to transfer wealth.’ “There’s two reasons right
Robertson Stephens Weekly Commentary – March 13, 2023
Turmoil in the banking industry will dominate the economic discussion this week, not only in the US. The immediate question/concern is whether the Federal Reserve will change its stance on proceeding with further interest rate increases in order to
Robertson Stephens Weekly Commentary – March 6, 2023
The testimony before Congress this week by Fed Chairman Jerome Powell will shed critical light on the Fed's thinking as it approaches its next FOMC interest-rate setting meeting on March 21-22. While it is highly unlikely that he will be very
Robertson Stephens Weekly Commentary – February 27, 2023
Additional data this week is expected to confirm the ongoing strength of economic growth in the United States and the economic resilience of Europe in the face of rising interest rates and the disruptions of the war in Ukraine. Labor markets in both
How much ‘Cash’ do you need in 2023?
By Mallon FitzPatrick, CFP February 28, 2023 - The onset of the new year brings new trends and, with them, questions. More and more clients have asked, 'how much should I hold in cash?'. Given 2022's market turbulence and that forecasts of
