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(July 2017)
MarketCast: Second Quarter 2017
In this MarketCast, senior research analyst Arthur Coyne, CFA, discusses global economic trends and events over the second quarter and first half of the year. To watch, click here: www.youtube.com

(June 2017)
Putting Your Mission First: Why non-profits are choosing discretionary advisory services
A growing number of non-profit organizations are switching to a discretionary approach to investment services, and we want to help organizations understand why the shift is happening and what it may mean for them. Increasingly complex markets, resource constraints, risk management, timely decision-making, and fiduciary oversight are just a few of the reasons organizations are finding a discretionary approach helpful. Putting Your Mission First: Why non-profits are choosing discretionary advisory services offers research and a discussion about how a discretionary model of investment advisory services can benefit non-profit organizations. (In a discretionary model, the investment advisor has discretion over some investment decisions within defined parameters, which differs from a traditional advisory relationship, in which the advisor makes recommendations and the committee is responsible for all final decisions.)

“A discretionary model can help the committee focus on governance rather than management, improve the effectiveness and efficiency of the investment process, and more closely aligns authority for portfolio decisions with the results.” We think the discretionary model can offer tremendous benefits; this paper outlines our thinking on why a non-profit organization should consider discretionary investment advisory services.

Read the article HERE (PDF file, 246KB)

(April 2017)
WebReport Market Update 1Q 2017
In this WebReport Market Update, senior research analyst Arthur Coyne, CFA, provides a recap of the first quarter of 2017, offering context and perspective to current economic conditions and investment themes. To watch, click here: www.youtube.com

(March 2017)
Retirement Plan Best Practices: Plan Design
How should a plan sponsor structure a plan’s eligibility requirements? Should the plan use automatic features? How can you make the most of an employer match? Should you offer a Roth and allow loans, and how do you keep fees fair? Arnerich Massena is pleased to announce the publication of a new white paper, Retirement Plan Best Practices: Plan Design. This paper helps plan sponsors navigate plan design decisions like these and more, addressing retirement plan structure issues and discussing plan design options and their considerations. This paper is the second in a five-part series outlining retirement plan best practices; the series began with plan governance and will also cover investment menu construction, plan monitoring, and participant education.

Read the article HERE (PDF file, 232KB)

(March 2017)
Bringing Your Company’s Retirement Plan Into the Future
How do employers prepare for the future as they try to help employees save for their own futures? Arnerich Massena’s institutional team helps answer a few questions and provide guidance to retirement plan sponsors in the March issue of Oregon Business Magazine.

Read the article HERE (PDF file, 938KB)

(January 2017)
WebReport Market Update 4Q 2016
In this WebReport Market Update, senior research analyst Arthur Coyne, CFA, provides a recap of the fourth quarter of 2016, offering context and perspective to current economic conditions and investment themes. To watch the interview, click here: www.youtube.com

(January 2017)
Portland Business Journal article: “Tony Arnerich eases out of Arnerich Massena as part of management buyout”
In The Portland Business Journal’s coverage of Arnerich Massena’s transition to 100% employee ownership, author Matt Kish details the deals that will make it possible for Arnerich Massena to continue to serve its clients with the same philosophy and integrity that has characterized the firm since its founding by Tony Arnerich in 1991. The article also welcomes Dave Nute as Arnerich Massena’s new CEO.

Read the article HERE (PDF file, 129KB)

(December 2016)
Turbulence and Transformation: Investment Trends to Watch for in 2017
Arnerich Massena’s research and analytical team explores some of the trends we are watching for in 2017, providing an interesting look into the cultural and political changes that may affect the investment environment for everyone.

Read the article HERE (PDF file, 306KB)

(December 2016)
Consultant Ryan Cunningham Discusses the Investment Line-up of the Future with PlanSponsor Magazine editor Alison Cooke Mintzer.
What are some of the key issues and trends retirement plan sponsors should consider when crafting the investment line-up of the future? Arnerich Massena consultant Ryan Cunningham, CAIA, discusses the answer to this question with Alison Cooke-Mintzer, editor of PlanSponsor Magazine, in this short video interview. Knowing how difficult it is for plan sponsors to navigate all the trends, topics, and issues in the industry, Ryan provides some guidance to help sponsors understand what areas will be important as we move into the future. In the video, he addresses issues such as white labeling, active versus passive investment management, and ESG/Impact investing. To watch the interview, click here: www.youtube.com

(November 2016)
Portland Business Journal Wealth Management Thought Leader Forum: A Wealth of Options for Smart Planning
Arnerich Massena's Reegan Rae joins the panel of experts in The Portland Business Journal's Wealth Management Thought Leader Forum. Wealth management professionals across a variety of disciplines provide insight on how families can make the most of their assets.

Read the article HERE (PDF file, 4MB)

(November 2016)
Arnerich Massena Publishes New White Paper: Retirement Plan Best Practices: Plan Governance
Arnerich Massena is pleased to announce the publication of a new white paper, Retirement Plan Best Practices: Plan Governance. This paper is the first of a five-part series outlining retirement plan best practices; the series will also cover plan design, menu construction, plan monitoring, and participant education. In Plan Governance, we discuss best practice guidelines for setting up documentation and processes that will help your plan run smoothly and assist your committee in successfully carrying out their fiduciary responsibilities, including a handy fiduciary checklist for plan sponsors.

Read the article HERE (PDF file, 221KB)

(October 2016)
Portland Business Journal article: "Investment in students creates bright future for the community"
Arnerich Massena won the Portland Business Journal's prestigious "Innovations in Philanthropy" Award in 2016 for the I AM Learning Partnership. Read the Journal's article for a moving view into the origins and scope of Arnerich Massena's incredible community service programs.

Read article HERE (PDF file, 3MB)

(October 2016)
WebReport Market Update 3Q 2016
In this WebReport Market Insight, Arthur Coyne, senior research analyst, provides a recap of the third quarter of 2016, covering domestic and global economic trends and events.

(October 2016)
Portland Business Journal article: "Investment in students creates bright future for the community"
Arnerich Massena won the Portland Business Journal's prestigious "Innovations in Philanthropy" Award in 2016 for the I AM Learning Partnership. Read the Journal's article for a moving view into the origins and scope of Arnerich Massena's incredible community service programs.

Read article HERE (PDF file, 3MB)

(October 2016)
WebReport Market Update 3Q 2016
In this WebReport Market Insight, Arthur Coyne, senior research analyst, provides a recap of the third quarter of 2016, covering domestic and global economic trends and events.

(August 2016)
Hedge Fund Headlines Mislead: Providing Perspective on Hedge Funds
Recent headlines are generating worries about hedge funds that may be misleading investors. Should investors be concerned about their hedge fund investments? In this paper, Arnerich Massena brings some perspective to the headlines and examines the value hedge funds bring to a portfolio. We discuss the important role hedge funds can play in a long-term investment strategy and how Arnerich Massena uses hedge funds.

Download the white paper HERE (PDF file, 252KB)

(July 2016)
WebReport Market Insight 2Q 2016
Second quarter 2016 WebReport Market Commentary from Arnerich Massena

(June 2016)
Tony Arnerich Featured in The PBJ Interview
Each issue of The Portland Business Journal includes its popular feature, the PBJ Interview, highlighting a local business personality. The Journal selected Tony Arnerich to appear in its May 27, 2016 issue, in the article entitled "Investing for the Greater Good: Tony Arnerich on impact investing, towing Ken Kesey's magic bus and more."

Read the article HERE (PDF file, 304KB)

(June 2016)
Arnerich Massena Featured in Oregon Business Magazine
"Arnerich Massena uses impact investing to shape a better future for us all," by Stuart Watson, appears in the June issue of Oregon Business Magazine. Watson describes the evolution of Arnerich Massena's research into investing in what the world's population needs, highlighting some spectacular examples of the projects we're invested in.

Read the article HERE (PDF file, 138KB)

(April 2016)
WebReport Market Insight 1Q 2016
In this WebReport Market Insight, Arthur Coyne, senior research analyst, provides a recap of the first quarter of 2016, covering domestic and global economic trends and events.

(April 2016)
Five Questions and Answers about New Social Security Claiming Rules
Social Security claiming strategies are about to get a little more complicated with the passage of the Bipartisan Budget Act of 2015. The Act closed a few loopholes that have created popular claiming strategies for couples: the "file and suspend" strategy and the "restricted application for a spousal benefit. "Five Questions and Answers about New Social Security Claiming Rules" can help you understand how the changes may affect you.

View the article HERE (PDF file, 2MB)

(March 2016)
Business With China Thought Leader Forum
"Double-digit growth may be a thing of the past in China, but the world's largest economy is still growing at a 7 percent clip. The takeaway: patience will be rewarded in the long run despite hand wringing today." So begins "A Deep Breath on China," a thought leader forum discussion featured in The Portland Business Journal. Tony Arnerich, along with three other business leaders, held forth on what people need to know in order to successfully do business with or invest in China.

Download article HERE (PDF file, 169KB)

(Nov 2015)
"Dave Chen's Investing Impact" from The Portland Business Journal
You can do well by doing good in the investment universe! It's taken eight years for Dave Chen and Tony Arnerich to convince the world that investments that are impactful can also offer powerful long-term growth. The Portland Business Journal tells the story of how the two of them are taking sustainable investing into the mainstream in "Dave Chen's Investing Impact," which appeared in the November 6 issue.

Download article HERE (PDF file, 2MB)

(Sept 2015)
The Future of the Recordkeeping Industry
In 2014, thirteen merger/acquisition deals were made among retirement plan recordkeepers, a record number of consolidations and ownership changes. Looking ahead, we predict continuing changes in the recordkeeping industry as it evolves. How can plan sponsors plan and prepare for these industry shifts, safeguarding the services that are important to their plans? In this paper, we examine the future of the recordkeeping industry and how plan sponsors can use that knowledge to be prepared.

Download white paper (PDF file, 856KB)

(July 2015)
Thematic Investing: Not Your Daddy's Portfolio
Published in The Portland Business Journal's 2015 Wealth Management and Financial Services Guide, this article by senior analyst Arthur Coyne, CFA, discusses a shift in the way investors are looking at asset allocation, with more focus on dynamic investment themes and less focus on traditional asset classes.

Download white paper (PDF file, 183KB)

(July 2015)
Time out for investor bad behavior
Published in The Portland Business Journal's 2015 Wealth Management and Financial Services Guide, this article by senior analyst Bryan Shipley, CFA, CAIA, illustrates the shortfalls of how humans process information when it comes to investing.

Download white paper (PDF file, 746KB)

(March 2015)
Mid Cap: The Goldilocks Asset Class
Domestic mid cap stocks may be on their way to being dubbed "the Goldilocks asset class." Long-term risk and return analysis demonstrates that mid cap stocks historically fit into a "sweet spot" of higher return for lower risk.

In this paper, we'll look at why U.S. mid cap stocks hit this sweet spot, examining factors such as business cycle and earnings growth, and suggest how investors can take advantage of the opportunities mid cap has to offer.

Download white paper (PDF file, 194KB)

(September 2014)
Fee Equality: Leveling the Playing Field for Participants
For most plan sponsors, managing their plan with the participants' best interests in mind is not just a fiduciary duty; it is a driving principle. Sponsors know that recordkeeping and other costs associated with managing the plan can have a significant impact on retirement outcomes. Read more description

This is why we are encouraging plan sponsors to examine the idea of fee equalization. Employers don't usually intend to charge fees unfairly, but may be surprised to know that fees are often inadvertently structured inequitably. Fee equalization can eliminate fee imbalances across the participant base and help plan sponsors embed fundamental fairness into the plan.

In this paper, we'll examine the ways in which traditional fee structures create imbalances among participants and consider ways to equalize fees.

Download white paper (PDF file, 646KB)

(August 2014)
A Private Equity Primer: Why and How to Invest in PE
The return potential is the beacon that draws investors to private equity; the asset class has outperformed all other asset classes over long time periods. In addition to returns, there is a sense of fulfillment and satisfaction that some private equity investors experience, knowing that their investment dollars are contributing to economic development and growth. Read more description

The allure of being in the groundswell of new ideas can be a powerful attraction for the asset class. Before you invest in this asset class, it is important to understand how private equity works.

In this paper, we provide the basic information needed to make an educated decision on whether or not private equity is right for you.

Download white paper (PDF file, 187K)

(March 2014)
The Paternalization of Participant-Directed Plans
This paper is relevant to retirement plan sponsors. The retirement plan industry has been refining and improving the defined contribution system over the last few decades, and many workers now have access to a variety of high-quality investments and in-depth investment education to assist them in planning for retirement, thanks to their employer-sponsored retirement plans. Read more description

But even with these advantages, many participants are falling far short of their retirement goals. Studies of participant investment behavior indicate that poor investment choices may be a significant factor in chronic retirement savings shortfalls.

In this paper, we'll examine the research covering participant investment behavior and discuss why paternalistic investment solutions may help to improve participants' long-term outcomes.

Download white paper (PDF file, 138K)

(September 2013)
The I AM Learning Partnership: Building Business in Partnership with Community
A primary objective of Arnerich Massena's I AM Learning Partnership is to exemplify business in partnership with community. We feel that, as a model for other corporate citizenship programs, the I AM Learning Partnership offers a unique and remarkable strategy with far-reaching impacts. Read more description

As we move forward into the twenty-first century, it may be necessary for corporate America to step up and fill in the massive gaps caused by a lack of government funding. Education is one area in which corporate programs can provide the greatest support. In this paper, we provide a blueprint for businesses wishing to develop similar community programs.

Download white paper (PDF file, 1105K)

View full archive of white papers

(September 2013)
The Investment Policy of the Future
As we face accelerating changes in the world, affecting everything from technology to the environment, the need to evolve quickly and gracefully is heightened. To think that the world can change this fast but your investment strategy can stay the same is unrealistic. Read more description

Investing, by its nature, should be forward-looking rather than past-focused. As we look to the future, those who have the flexibility to shift and adjust will have a distinct advantage. In this paper, we'll share some ideas on how to build an investment policy that will embed into your strategy the flexibility and adaptability that are essential in today's environment.

Download white paper (PDF file, 490K)

(March 2013)
Roth Retirement Savings: More Accessible Than Ever
This paper is relevant to retirement plan sponsors. The 2012 fiscal cliff legislation brought us, among other things, a new regulation making in-plan conversions to a Roth option more easily accessible; Read more description

now, participants don't have to retire or separate from service to convert assets from a pre-tax account into a Roth. Employers are recognizing the significant benefits a Roth option offers to certain participants, and the new law provides an impetus for taking a deeper look at why you may want to consider adding a Roth option. In this paper, we discuss how a Roth option may be a valuable addition to a retirement plan, and considerations for plan sponsors when deciding whether or not to offer Roth contributions.

Download white paper (PDF file, 675K)


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