Monthly Archives: October 2014

3rd Quarter Investment Review Tim Shanahan Video

Tim Shanahan  Chief Investment Stratgist

Tim Shanahan
Chief Investment Strategist

To keep you abreast of current market conditions, we invite you to view me presenting SEI’s “Third Quarter 2014 Investment Review” video . This brief video will provide you a synopsis of our positioning around the markets, the impact to the investment strategies, and our outlook going forward.

Concerns about the magnitude and timing of an interest rate hike in the U.S. combined with geopolitics and global growth concerns to push market volatility higher. For investors exposed to the U.S. dollar, currency impact put a serious dent in returns for non-U.S. assets as the greenback strengthened against most currencies.

What’s happening in the market?

• In U.S. dollar terms, the MSCI All Country World Index, which serves as a proxy for global equities, slipped by over 2% for the quarter. U.S. large-cap stocks, U.S. Treasury bonds and U.S. corporate bonds set the pace, as investors sought relatively less volatile asset classes.

• In fixed-income, the Barclays Global Aggregate Index, which represents global bond markets, fell over 3% for the quarter in U.S. dollar terms but rose in most other currencies.

• U.S. equity markets, represented by the S&P 500 Index, were up 1.13% for the quarter. On the fixed-income side, the Barclays U.S. Aggregate Bond Index was barely positive at 0.17%. U.S. small caps, emerging-market debt and other aggressive asset classes struggled in a volatile quarter. On the fixed-income side, higher quality bonds outperformed lower-quality issues.

What’s the Impact to our investment Strategies?

• In this environment, SEI’s strategies faced a challenging quarter, with more defensive strategies coming in relatively flat and more aggressive strategies struggling.

Outlook and Perspective:

• We continue to see divergences in global economic policy, with Europe seeking to foster growth and fend off deflation and the U.S. reigning in stimulus. Concerns about the magnitude and timing of an interest rate hike in the U.S. combined with geopolitics and global growth concerns are likely to keep volatility at elevated levels as the year moves into its final quarter.

If you have any questions or would like to discuss this further, please feel free to give me a call.


What Decision Did Retirees Regret?

laidoff2If there was one decision that you regretted making in the last year- what would it be?

Did you know that early filers regret Social Security claiming decisions?

In a recent article by  Mary Beth Franklin for Investment News she reports that nearly 40% of retirees who claimed Social Security benefits before full retirement age now regret their decision.

Imagine if you could have had the proper advice from a trusted financial advisor to prevent that mistake?

You don’t have to imagine it because that’s what we do every day at Compass. Call us now if you or a loved one needs professional pre-retirement guidance.


American Lifestyle Magazine Issue #66

OLYMPUS DIGITAL CAMERAA number of our clients receive a hard copy of the American Lifestyle Magazine which celebrates life in America. It’s our pleasure to share this  October 2014 “soft’ copy with you. We hope you enjoy it. If you’d like to see the companion video of Bog Heaven on American Lifestyle TV click here.aml_cover_66_october

Best regards


Tim Shanahan