Posted By: Matthias Paul Kuhlmey
Five years ago, we founded HighTower in the midst of the 2008/2009 financial crisis. This, in itself, was a courageous undertaking at that particular time, and we certainly (in retrospect) contributed to a Big Theme ourselves (knowingly or not). The transformation of the financial industry is in full motion, with an increasing number of independent financial services businesses being established throughout the marketplace and across our nation. In this competitive landscape, HighTower was recognized as one of the fastest-growing, privately-held companies in the U.S., recently ranked #13 (lucky number) on the prestigious Inc. 500 list. Today, we are one of the leaders in the evolution of the independent model for financial advice.
To refresh our collective memories, in case the 360 format does not “ring a bell”: Our partnership is not bound to follow any single viewpoint. As we do not have to sell product, but rather provide advice to our clients, our business model allows us to reduce or avoid many conflicts we may have faced earlier in our careers as financial advisors. More importantly, we enjoy insight into leading opinions from Wall Street and beyond. On this basis, we made the decision, some time ago, to discontinue publishing a standard market outlook in lieu of a more reflective approach ̶ a “look around the industry,” or 360, as we named it.
In this 360 edition, we focus on themes that may not be relevant with respect to immediate financial market and related investment outcomes. Instead, we provide a selection of viewpoints from our respected HighTower Partners, with a focus on aspects that could lead paradigm shifts and may have an impact on investment allocation choices and outcomes in the long run. Whereas we recognize the importance of tactical and strategic allocation choices, it is monumental to also consider the “big picture,” specifically in an increasingly interconnected world, either to avoid risk or to seek an investment-relevant opportunity.
Topics covered include the challenge of feeding a growing world population, demographics and economic development, and the potential end of an independent Federal Reserve Bank.
Please follow this link for the full article: 2013 Q2 Big Themes