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Market Thoughts 11.7.12
Eric Freedman CAPTRUST Chief Investment Officer
Last night’s election results across the U.S. have pulled forward many important questions about the economy, events heading into the calendar year-end, and other considerations linked with political changes. We see the pending “fiscal cliff” as an important focal point for plan sponsors and your plan participants. While we do not want to draw unnecessary attention or create angst about the uncertain outcome, we do want to take a moment to define the fiscal cliff and communicate our views about what we could see in coming weeks as Washington works toward a potential compromise. We expect capital market volatility based on recent precedents but do not see the fiscal cliff as a reason for plan sponsors or participants to diverge from their long-term retirement savings objectives.
For more details, please download the full commentary below.
This document is intended to be informational only. CAPTRUST does not render legal, accounting, or tax advice. Please consult the appropriate legal, accounting, or tax advisor if you require such advice. The opinions expressed in this report are subject to change without notice. This material has been prepared or is distributed solely for informational purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. The information and statistics in this report are from sources believed to be reliable but are not warranted by CAPTRUST Financial Advisors to be accurate or complete. All publication rights reserved. None of the material in this publication may be reproduced in any form without the express written permission of CAPTRUST: 919.870.6822.
At more than $300 billion in assets under management, CAPTRUST was listed in the section of “Mega Teams With $12 Billion or More in Retirement Plan Assets Under Advisement.” CAPTRUST was one of 16 Mega Teams listed this year.
“Each of these individuals has been instrumental in our company’s rapid growth and success,” said CEO Fielding Miller. “We have built a high performing team that requires we retain and recognize individuals for their leadership and contributions.”