Arnerich Massena’s I AM Learning Partnership partnered with Imperfect Produce to host “Soup for the Soul,” a school/community carnival to benefit the Oregon Food Bank. The event was well-attended, with multitudes of families who came out to participate on the beautiful Friday afternoon of May 18, enjoying soup samples and visiting carnival booths. The kids loved trying their hand at food-themed games like the “Milk Mustache,” the “Pancake Flip,” and the “Apple Toss” – they all left with tattoos and prizes galore. And the volunteers from both Arnerich Massena and the I AM Learning Partnership Girls’ Club had a great time too. Read more
The U.S. Tax Code has included subtle penalties (and occasional benefits) for married couples for as long as there have been tax tables, phase-outs, and deductions — sometimes two people are better off filing as separate taxpayers, while sometimes couples get a little bit of a break when they tie the knot. The penalties are hidden in various places throughout the tax code and are most easily spotted when looking at the tax brackets a married couple filing jointly uses versus the same two incomes applied to the single filing table. Read more
The number of discretionary consulting arrangements used by plan sponsors has more than doubled since 2011.1 The trend, also called outsourced chief investment officer (OCIO) or a 3(38) arrangement (referring to the applicable section of Employee Retirement Income Security Act of 1974 (ERISA), has increased as plan sponsors look for ways to reduce fiduciary liability, increase decision-making efficiency, and rely on their investment consultant’s expertise. What is the difference between a traditional, or 3(21) consulting arrangement, and a 3(38) discretionary arrangement, and why would a plan sponsor choose to go discretionary?
The Dougy Center hosted its annual benefit and auction on May 11 at the Portland Art Museum. “Reflection” included a silent auction showcasing a gallery of children’s art, a live auction, and a raffle of a 2018 Porsche Boxster. Read more
“We are delighted to present Smart Wires, Inc. – dedicated to providing grid optimization solutions for transmission organizations worldwide.” The May Silicon Review team interviewed Gregg Rotenberg, CEO and President of Smart Wires, Inc. (one of the private equity investments made by 3×5 Partners, LLC, an Arnerich Massena Approved Manager and affiliate), showcasing the work the company is doing to upgrade utilities globally, making it possible to maximize the efficiency of our existing energy grid. Read more
On May 18, Arnerich Massena’s I AM Learning Partnership will be partnering with Imperfect Produce to host “Soup for the Soul,” a school/community carnival to benefit the Oregon Food Bank. This student-led fair will take place at Irvington Elementary (1320 NE Brazee St.) from 3-5pm on Friday, May 18, and is open to community members with a $5 entry fee. Event-goers can enjoy crafts for sale, raffles, games, and soup (details below) – and all proceeds will help the Oregon Food Bank in its mission to end hunger. To top it off, Tony and Christine Arnerich will match the carnival funds, doubling our donation to the Oregon Food Bank! Read more
After strong financial market returns in 2017, many endowments and foundations have continued to increase their effective spending rates since 2015. According to the 2017 National Association of College and University Business Officers (NACUBO) annual study, average spending rates among university and college endowments rose in fiscal 2017 to 4.4% from 4.3% in fiscal year 2016. Institutions with endowment assets of more than $1 billion accounted for the largest increase in spending rates with a spending rate of 4.8% (compared with 4.4% in 2016), with smaller endowments rising slightly.
By Bryan Shipley, CFA, CAIA, Co-CIO
Passive investment management:
A passively managed fund seeks to match the performance of an index by replicating the index’s holdings. Passive investment management delivers market returns, and typically has lower fees than active management.
Over the past decade, investor preference for passive investing has dramatically altered equity markets. This huge movement toward index investments (inflows to passive investments of more than $200 billion annually in 2016 and 2017) may have repercussions on equities’ pricing and valuation, the implications of which should be considered by investors. While we understand there are valid reasons many investors have shifted their preference to more index-based solutions, it would also be naïve not to be aware of the unintended consequences of this shift. Read more
One of the more frustrating aspects of the political climate in 2018 is that no one seems to be comfortable discussing the elephant in the room: Americans are living longer and having fewer babies. As a result, the commitment the United States has made to healthcare and retirement benefits for baby boomers is likely to lead to substantially higher taxes and/or significant cuts to entitlement programs in the United States over the next few decades. Read more
Arnerich Massena’s I AM Learning Partnership organized a volunteer event, bringing together students from the program and employees of the firm to sort and box food donations for the Oregon Food Bank. On May 3, the group spent the morning working hard (and having some fun) on their project for the day, sorting apples. And what a lucky day it was to be there; Oregon Senator Ron Wyden made a surprise appearance! It being his birthday, the volunteers regaled him with song, and he expressed his gratitude for their service in helping to address hunger. Read more