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Market Thoughts 10.10.13
Eric Freedman CAPTRUST Chief Investment Officer
Capital markets raced higher today on the prospect of a deal to raise the debt ceiling, albeit temporarily. While no deal emerged by the end of U.S. trading, investors seemed to discount that a compromise is in the works, with news reports that a bill to raise the debt ceiling could emerge as early as this Friday, October 11. We look forward to a resolution, but remind investors to look through the short-term “noise” surrounding the debt ceiling as the debate will likely reemerge later this year.
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The list, which highlights the nation’s leading retirement plan advisor firms, places CAPTRUST at number three, with more than $203 billion in defined contribution assets under advisement, 2,000 plans, and 5 million plan participants.
The CAPTRUST Community Foundation is honored to provide a grant in the amount of $125,000 to Kidznotes, a music for social change program for young people that includes instrument instruction, choir, orchestra, and band.
Financial Advisor magazine’s Eric Rasmussen recently sat down with CEO Fielding Miller to talk about CAPTRUST’s focus on retirement plan advisory services and the challenges and opportunities in that specialty market segment.