Circa 1997, when we got into the business, most investment programs were guided by, quoting Peter Bernstein, “rules of thumb and folklore” as opposed to sound theory and reliable data. But, academics and institutional investors alike have helped us make substantial progress. The last twenty years has seen an explosion in understanding markets and reliable drivers of long horizon success. Sadly, much of wealth management still relies upon stories and false narratives. 

We're here to change that.  An educated client is, in our opinion, far more likely to tune out the noise of markets and achieve long-term success.   

Friday, March 22, 2024

This month we explore the following questions: Are we in a stock market bubble? Is private equity worth it? Do stock pickers add value after taxes?

Monday, February 12, 2024

February Newsclips – Bitcoin ETFs, Rip Van Winkle Investing, Personal Indexing, and the Value of Deferring Capital Gains

Tuesday, January 30, 2024

Perfect or even near-perfect market forecasting is folly. But even if we can find a successful forecaster, odds are that they won’t add any value after taxes.

Friday, December 15, 2023

Charlie had several nuggets of “worldly wisdom” for being a prudent steward of wealth, regularly speaking to philanthropic boards.  Here are a few that we keep front and center at Flatrock...

Tuesday, December 5, 2023

Creating more informed stewards of wealth. This month we look at the so-called “Magnificent 7”, direct lending performance, incorporating taxes into the investment process, and poor investor timing in “thematic” funds.

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Friday, December 1, 2023

When we evaluate the entire capital stack, the value of human capital is substantial. Fine tuning and optimizing one’s earnings are every bit as important as running efficient and resilient investment portfolios.

Friday, October 20, 2023

The state of California has created a task force to recommend options for establishing its own state long term care insurance program and a potential additional payroll tax. Here's an update.

Thursday, September 28, 2023

Risk control is central to sound investing. Yet, we often see a family’s largest risk is not hidden in their investment portfolio. How do we address and, in the process, build a resilient household?

Saturday, August 26, 2023

If there was “one thing” to producing long-term investment success, our cumulative 50-plus years in the industry would point to the distinction between investment and speculation.

Friday, August 18, 2023

The savvy parent may want to reserve the last $35,000 of an existing 529 Plan and convert to a Roth IRA for their child. Further, the long horizon and absence of taxes can be combined with a small cap value tilt for a material advantage.

Friday, June 30, 2023

What to do when you’re asked to fund a startup?  Our clients get asked routinely to invest in new ventures.  Bottom line?  Understand your odds going in with eyes wide open.  Then let your priorities drive your investment decisions.

Thursday, May 18, 2023

Investors would be wise to shop around and holistically think about their cash allocation.  Cash and equivalents can be boring.  But fee and tax blunders can be avoided with a little bit of preparation.

Monday, May 1, 2023

Recent bank failures and resulting massive capital flows have upended short term investing. We lay out a framework to allow your priorities to drive your cash choices, not the news cycle.  Don't let a good crisis go to waste.