Don’t just take our word for it. - At Chevy Chase Trust, we specialize in global research and thematic investing informed by careful planning, and it's working. Forbes and RIA Channel recently ranked us among the highest in their Top 100 list, for 2 years running. Important Disclosures Posted in: Featured
- Thematic Investing - At Chevy Chase Trust's 2017 Fall Investment Symposium, Spencer Smith, Head of Institutional Investing, discusses the thematic research process. Posted in: Noteworthy, People, Video
Spencer described the characteristics of a successful theme and also outlined how we use investment research to narrow down the over 250,000 publicly traded securities to the 40 or 50 stocks that go into client investment portfolios. “Before we make an investment in any individual company, there’s a long dynamic process that precedes that decision.”
To view highlights from Spencer’s presentation, click here.
To view his full presentation, click here.
- U.S. Urbanization - At Chevy Chase Trust's 2017 Fall Investment Symposium, Tap Chibaya, Equity Research Analyst, presents the theme of U.S. Urbanization. Posted in: Noteworthy, People, Video
At Chevy Chase Trust’s 2017 Fall Investment Symposium, Tap Chibaya, Equity Research Analyst, presents the theme of U.S. Urbanization.
Tap began by pointing out that, for the first time in one hundred years, the rate of urban population growth is outpacing suburban areas, and America’s global competitiveness is now more centered around urban areas and the amenities and opportunities they offer. “Urbanization will contribute to sustainable growth in the U.S. by increasing productivity and allowing innovations and new ideas to emerge.”
To view highlights from Tap’s presentation, click here.
- Global Macroeconomic Overview and Investment Process - Amy Raskin, Chief Investment Officer, presents a global macro overview and the four steps of the investment process at Chevy Chase Trust’s 2017 Fall Investment Symposium. Posted in: Noteworthy, People, Video
Amy Raskin, Chief Investment Officer, presents a global macro overview and the four steps of the investment process at Chevy Chase Trust’s 2017 Fall Investment Symposium.
Amy’s presentation included an interactive audience response system that allowed participants to provide feedback on various topics of behavioral bias. She also covered the steps of our investment process. “We have developed a robust four-step process which helps us identify and capitalize on investment opportunities earlier than our competitors. This process also helps us manage risk though both proper identification of where we are in the economic cycle and very careful, deliberate portfolio construction.”
To view highlights from Amy’s presentation, click here.
To view her full presentation, click here.
- Laly Kassa featured on Fox 5 News - Laly Kassa, Managing Director at Chevy Chase Trust, answers questions about Giving Tuesday and the tax benefits of charitable donations. Posted in: Noteworthy, People, Video
Laly Kassa, Managing Director at Chevy Chase Trust, answers questions about Giving Tuesday and the tax benefits of charitable donations.
- Industrial Real Estate in an Urban Environment - Michael A. Coke, President and Co-founder of Terreno Realty Corporation, discusses industrial real estate in an urban environment at Chevy Chase Trust's 2017 Fall Investment Symposium. Posted in: Noteworthy, People, Video
Michael A. Coke, President and Co-founder of Terreno Realty Corporation, discusses industrial real estate in an urban environment at Chevy Chase Trust’s 2017 Fall Investment Symposium.
Mike discussed how real estate investors are changing their perspective when it comes to investing in urban areas. “D.C. itself has become the draw [in industrial real estate]; we’ve actually been shifting our investment focus from being in the suburbs to the city itself.”
To view Mike’s full presentation, click here.
- Next Generation Automation - Bobby Eubank, Equity Research Analyst, presents the theme of Automation at Chevy Chase Trust's 2017 Fall Investment Symposium. Posted in: Noteworthy, People, Video
Bobby discussed how automation is enabling three areas of change in the retail supply chain that enable better service, lower cost, and faster delivery. “Automation equipment could dramatically expand beyond the giant factories and truly affect our daily lives.”
To view highlights from Bobby’s presentation, click here.
- Q & A with Blake K. Doyle - We recently sat down with Blake Keeley Doyle, Managing Director, to learn more about her background and who and what inspired her career in finance. Posted in: Noteworthy, People
We recently sat down with Blake Keeley Doyle, Managing Director, to learn more about her background and who and what inspired her career in finance.
Q: Tell us a little about your background.
A: I grew up in the Washington, DC area with my three siblings, and attended Holton-Arms. I went to Vanderbilt to study economics where I developed my interest in working in the financial sector. I interned every summer at FBR Capital Markets, an investment bank here in town, and that eventually led me to Boston. There I worked for a private equity group called Audax Group, eventually returning to FBR. That’s where I got my start in institutional sales.
Q: How did you decide to study finance and economics?
A: My dad was a lawyer for 20 years and scared us away from studying the law. I gravitated towards math and science growing up, so when I arrived at Vanderbilt, I knew that was what I wanted to study. Having had early exposure to finance, my interests grew from there.
Q: What was your first job after college?
A: I worked for an Aerospace and Defense Research Analyst. I spent a lot of time reading SEC filings, researching companies and building models. It was a great experience, but I soon realized that it wasn’t the ideal career path for me.
Q: What made you decide to specialize and focus your career on institutional investing?
A: While living in Boston and working at FBR Capital Markets, I worked with a team covering large institutional clients and at an early stage got exposure to some of the best and brightest in the financial industry. As a young person, it was exciting and challenging to meet and engage with sophisticated investors.
Q: What do you enjoy most about your career?
A: I love getting to work with bright people, and constantly learn. I’ve always liked that I don’t do the same thing every day. One day I am immersed in learning about technology companies, and the next day, it’s online food delivery companies. There is always a new challenge or goal to meet.
I value my work with very knowledgeable investment professionals here at Chevy Chase Trust. I have such an incredible resource of brainpower and intellectual capital readily available whenever I need it. The culture here is also refreshing. It is unlike any place I have ever worked before.
Q: What would you advise someone considering a career path like the one you have taken?
A: The advice I would give is that is important to understand all the different elements of the financial services industry. Spend some time, understand the different aspects of banking, investment banking, sales, and research, and decide the right fit for your personality. And its important to find a mentor… I was lucky to have wonderful mentors from the start when I was a sales assistant on a trading desk working with two senior brokers. They took the time to teach me the business.
Q: Who has been your mentor?
A: My dad. Definitely. When I started thinking about jobs after college and identified my career path, my dad guided me to where I should focus, how I should allocate my time, how to handle difficult personalities—all in all, he taught me how to succeed. To this day, he is still the first person I call for advice, and we have regular (sometimes heated) conversations about markets, investing, and politics.
Q: Tell us about how you spend your time outside of work.
A: Most of my time is (not surprisingly) spent with my kids who are two, four, and six, and my dog Homer. Weekends are spent with family, taking my kids to birthday parties, walking the dog in Rock Creek, and going on hikes. On the rare occasion when I am without my kids, my husband and I like to golf.
Outside of family time, I volunteer at A Wider Circle in their professional development center.
Q: Finally, what do you think is the most important piece of financial advice to pass on to your children?
A: I want to pass along the importance of saving, and saving early. My dad taught me to contribute as much as possible to my 401K—even at the very earliest part of my career. Although it is tough when you are young to save for the future, the compounding effect is undeniable.
- How the GOP mortgage interest deduction plan would hurt D.C.’s middle class - From the Washington Post: Laly Kassa, Managing Director and Certified Financial Planner, discusses how the GOP's new tax plan could affect homeowners in the Washington metropolitan region. Posted in: Insights, Noteworthy
Laly Kassa, Managing Director and Certified Financial Planner, discusses how the GOP’s new tax plan could affect homeowners in the Washington metropolitan region.
“If you think about a $1 million mortgage,” said Laly Kassa, managing director at Chevy Chase Trust, “in the initial years, that interest expense is in the $30,000 range. Having that capped is going to have an impact. . . . For the younger clients, it will have a really significant impact. It’s like losing a third of that deduction. For younger families, it will impact what they buy and what they spend their discretionary funds on. That’s $10,000 out the door right at the inception of a mortgage.”
Read the full article on WashingtonPost.com
- Slasher! Nike Wants to Cut Shoe Production Time by Half - Spencer Smith, Director of Research, and Bobby Eubank, Equity Research Analyst, offer insight on the sporting apparel’s ambitions for improving supply chain processes. Posted in: Insights, Noteworthy
Spencer Smith, Director of Research, and Bobby Eubank, Equity Research Analyst, offer insight on the sporting apparel’s ambitions for improving supply chain processes.
“Currently, Nike’s design and production process takes at least a year,” according to Eubank. “If you’re bringing in products from Asia, you’re taking a long time,” he told TheStreet. “This process would be over a year.”
Read the full article on TheStreet.com
- When To Consider A Corporate Trustee - Jeannette Roegge, Chief Fiduciary Officer, discusses how to determine whether a corporate trustee or executor might be beneficial to manage and protect assets. Posted in: Insights, Noteworthy
Jeannette Roegge, Chief Fiduciary Officer, discusses how to determine whether a corporate trustee or executor might be beneficial to manage and protect assets.
Roegge states, “Many people choose a close friend or a family member for number of reasons: cost, simplicity, familiarity or even just a sense of obligation. Often, such arrangements go off without a hitch. However, when things do go wrong, they tend to go very wrong. Almost all advisors know stories from their professional or personal experiences of family trustee or executor appointments that went horribly awry. Depending on your client’s circumstances, the complexity of his testamentary wishes and the size of his estate, among countless other individual variables, these cautionary tales may make the appointment of a corporate trustee an attractive option.”
Click to read the full article at WealthManagement.com.