Conversations with Bel Air in Utah
Earlier this month, Bel Air Investment Advisors (Bel Air) hosted events at Sundance and in Salt Lake City for a group of Senior Vice President Jake Halladay’s growing network of entrepreneurs and intermediaries in the tech, automotive, real estate, and venture capital industries. Bel Air’s representatives included both wealth advisors and senior investment managers, including Reed Halladay (Senior Managing Director), Jake Halladay (Senior Vice President), Tomas Garibaldi (Vice President), Arun Bharath (Chief Investment Strategist) and Craig Brothers (Senior Portfolio Manager & Co-Head, Fixed Income).
Bel Air’s investment team provided their insight on a variety of topics, including global economic expansion, asset allocation, equities, and investor risk.
Global Economic Expansion. Bel Air’s investment team is optimistic of continued global economic expansion for several reasons. First, Global Purchasing Manager Indexes (indicators of economic health) are in synchronized uptrends both in developed and emerging markets, showing that business conditions are in a healthy state around the globe. Second, in the US, the Small Business Optimism Index recently reached levels not seen since the early 2000s, or even the 1980s, as market participants weighed the probability of tax reform and deregulation. Finally, heightened US consumer confidence readings and multiyear lows in debt service ratios also support an optimistic economic outlook.
Asset Allocation. In terms of portfolio positioning and asset allocation, Bel Air believes that portfolios should overweight equities and underweight fixed income. The pivot from monetary to fiscal policy as a growth engine for global economies may be a headwind for fixed income, as rates move higher to adjust to the new environment. Yields will likely face other pressures such as higher wages, reduced buyers in the US Treasury market, and possible deleveraging from the Federal Reserve. Equities, on the other hand, have anticipated tailwinds such as fiscal reform, as well as a reduced business regulation focus from the new administration.
Equities. Within equities, Bel Air is optimistic about prospects for Emerging Markets vis-à-vis Developed Markets. Increasing global trade provides an opportunity for EM earnings expectations to improve. Also, International Developed markets are compelling given wide valuation discounts relative to the US. However, political events could destabilize the upward movement abroad in the interim. Our relative underweight to US equities primarily is based on peak operating margins and lofty valuations.
Investor Risks. The Investment Teams’ concluding thoughts touched on the ever-present risks that investors face, from policy uncertainty to Black Swan events. They recommended that diversified portfolios should be built to help weather the unknown.
Bel Air hosts these discussions to provide marketplace education, a projected overview for the year, and network opportunities.
Bel Air Investment Advisors Facilitated A Conversation On Climate Change With President Tong of Kiribati
Bel Air Investment Advisors facilitated a conversation on climate change in their Los Angeles office this week with President Tong of Kiribati and Greg Stone, one of the leading scientists regarding marine conservation and ocean health issues. President Tong held an...read more
Bel Air Investment Advisors Adds Two Accomplished Bay Area High-Net Worth Financial Advisors To Its San Francisco Office
SAN FRANCISCO (June 8, 2015) – Bel Air Investment Advisors, LLC (Bel Air), a leading wealth management advisory firm to high net worth individuals, families, trusts and foundations, announced today that Supriya Batra and Stephanie Withers will join the growing team of...read more
“Andrew J. Dunbar Joins Bel Air Investment Advisors As General Counsel And Chief Compliance Officer,” by Stefan Pollack and Daniel Atwater, The Pollack PR Marketing Group LOS ANGELES – (April 06, 2015) – Bel Air Investment Advisors, LLC (Bel Air), a...read more
Bel Air Investment Advisors Announces Its Expansion Into Northern California With The Opening of a New Office in San Francisco, CA
SAN FRANCISCO (March 18, 2015) – Bel Air Investment Advisors, LLC (Bel Air), a leading wealth management advisory firm to high net worth individuals, families, trusts and foundations, announced today the opening of its second office as part of its expansion plan that...read more
TheStreet: Darell Krasnoff Interviewed in Stick With U.S. Large-Caps Despite Strong Dollar, Volatility Spike
“Stick With U.S. Large-Caps Despite Strong Dollar, Volatility Spike,” by Gregg Greenberg, TheStreet. Darell Krasnoff from Bel Air Invesment Advisors speaks on TheStreet about stock market investing, including low energy costs, emerging market returns and...read more
Bel Air’s Carol Cheng-Mayer to Co-Host Los Angeles Celebration Event for First-Ever Women’s Entrepreneurship Day
LOS ANGELES – (November 13, 2014) – Bel Air Investment Advisors, LLC (Bel Air), a leading wealth management advisory firm, announced today that its senior vice president, Carol Cheng-Mayer, will co-host a Los Angeles-based celebration event for the first-ever Women’s...read more
Los Angeles Mayor Appoints Bel Air Investment Advisors’ Tyler Kelley To The Los Angeles Board Of Zoo Commissioners
“Los Angeles Mayor Appoints Bel Air Investment Advisors’ Tyler Kelley To The Los Angeles Board Of Zoo Commissioners,” by Stefan Pollack and Daniel Atwater, The Pollack PR Marketing Group. LOS ANGELES – (July 22, 2014) – Bel Air Investment Advisors,...read more
“Aaron Jett Joins Bel Air Investment Advisors As Vice President, Manager Research,” by Stefan Pollack and Mark Havenner, The Pollack PR Marketing Group. LOS ANGELES – (July 01, 2014) – Bel Air Investment Advisors, LLC (Bel Air), a leading wealth management...read more
Bel Air’s NextGen Summit Highlights Key Investment Industry Trends as Next Generation Prepares to Take on Significant Fiscal Responsibilities
“Bel Air’s NextGen Summit Highlights Key Investment Industry Trends as Next Generation Prepares to Take on Significant Fiscal Responsibilities,” by Stefan Pollack and Daniel Atwater, The Pollack PR Marketing Group. NextGen Conference Takeaways...read more
The Pollack PR Marketing Group