Savant’s CIO, Phil Huber, discusses his new book — The Allocator’s Edge.
While traditional portfolio building blocks like stocks and bonds will still be necessary, they may be insufficient in meeting investors’ objectives in the future. The silver lining is that we are entering a golden age of alternatives – one of greater access, more transparency, and lower costs.
Phil has been involved in the financial services industry since 2007. He is a member of the CFA Society of Chicago and is regularly featured in notable media outlets.
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The Fed took center stage this week with its FOMC meeting, where committee members announced a 25-bps rate hike in their latest policy decision. What's intriguing is the swift shift in the narrative on what the Fed might or might not do.
Savant Wealth Management's Chief Investment Officer, Phil Huber, discusses the recent bank failures of Silicon Valley Bank and Signature Bank, and provides some context around what consumers should consider when making choices about their liquid assets.
The sudden and dramatic downfall of Silicon Valley Bank led to a surge of withdrawals. In response, the FDIC swiftly established the Deposit Insurance National Bank of Santa Clara, and transferred all deposits from the defunct bank into it. Ultimately, the FDIC's goal is to protect depositors and prevent any damage to the broader economy.