Don’t just take our word for it. Posted in: Featured - 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
Investment Update, Fourth Quarter 2018 Posted in: Investment Update, Latest News - Just as investors were settling in for a modestly positive year, U.S. equity markets sold off sharply in the fourth quarter. The sell-off rattled market participants. In this environment, keeping our heads about us and trusting ourselves is critical to achieving long-term investment success, particularly with doubters all around us.
- Amy Raskin featured on CNBC’s Fast Money Halftime Report Posted in: Noteworthy, Video - Amy Raskin, Chief Investment Officer, appeared on CNBC's Fast Money Halftime Report on August 28, 2018 to discuss current market conditions and what they mean for investors.
- Food for Thought: When and How to Speak to the Next Generation About Wealth Posted in: Latest News, Noteworthy, Video - We are asked a lot of questions about when and how to speak to the next generation about wealth. So as food for thought, we are sharing the answers.
Having more money than you need can give your children a soft landing, a firm financial start, or — if you prepare them in the right way — both.
The key to meaningful conversations about family wealth management has less to do with timing and more to do with how you approach it. Larry Fisher, President of Family Wealth, shares three tips for laying the groundwork for continued financial stability.
- Chevy Chase Trust Supports Community Foundation’s Annual Celebration of Giving Posted in: Events, Latest News, Noteworthy - On Thursday, November 1, 2018, The Community Foundation of Montgomery County hosted its annual Celebration of Giving.
On Thursday, November 1, 2018, The Community Foundation of Montgomery County hosted its annual Celebration of Giving. Chevy Chase Trust was proud to sponsor the event for the sixth year in a row.
The night honored their 2018 Philanthropist of the Year, Linda Youngentob. Linda has been a part of numerous philanthropic endeavors over the years. In 1992, she spearheaded the first Mitzvah Day at Washington Hebrew Congregation, the congregants of which were spurred to volunteer with local nonprofits. As a result of her efforts, Mitzvah Day has been adopted by synagogues all around the world. Her philanthropic efforts have also included aiding youth in achieving higher education goals, especially those who may not otherwise graduate. She has worked with CollegeTracks, FutureLink, and Identity, Inc. to name a few.
Craig Pernick, Chevy Chase Trust’s Head of Fixed Income, attended the event and stated that he always feels more motivated and inspired afterward. “It was uplifting to see such a wide range of people involved in philanthropy, from donors to volunteers, and government agencies to small and large charities. It is so wonderful to see that the DC area has such a vibrant, charitable community,” Pernick said.
The event brought together more than 350 individuals to recognize Linda, as well as the other donors and leaders who make up our local charitable community.
- Leaders & Lunch: Passing on Values to the Next Generation Posted in: Events, Latest News, Noteworthy - On November 28, 2018, Chevy Chase Trust hosted Leaders & Lunch featuring Ellen Perry, Founder and Principal of Wealthbridge Partners, who spoke about “How to Pass on Values to the Next Generation.”
On November 28, 2018, Chevy Chase Trust hosted Leaders & Lunch featuring Ellen Perry, Founder and Principal of Wealthbridge Partners, who spoke about “How to Pass on Values to the Next Generation.” Having spent more than thirty years working with families of wealth, Ellen described the differences between values and preferences, and the importance of storytelling, embracing diversity and living a life that reflects values. She assured her audience that values are almost always successfully passed down. The key is passing them with intention.
Ellen stressed the significance of embracing diversity in the family and “pitching a big tent.” She remarked that getting curious about the differences in a family member’s preferences can eventually lead to acceptance and stronger relationships.
During her presentation, Ellen recommended the use of Kelly Crace’s Life Values Inventory, a free values assessment tool. She suggested that family members use this assessment to gain clarity and insight into their priorities and later share the findings as part of a family discussion. This exercise often leads to a better understanding of the varied perspectives and promotes good communication, a vital aspect of successful familial relationships.
Ellen Perry is the Founder & President of Wealthbridge Partners, LLC. She has 25 years of experience serving as a strategic advisor for families of substantial wealth. Before founding Wealthbridge Partners, Ellen was the co-founder and CEO of Asset Management Advisors (now GenSpring Family Offices), a multi-client family office, and Teton Trust Company, its affiliated private trust. Ellen, the author of A Wealth of Possibilities – Navigating Family, Money and Legacy, is a frequent speaker, author and advisor on family wealth strategies that create and sustain great families throughout multiple generations. Her work and opinions have been quoted in numerous publications including the Wall Street Journal, New York Times, and Fortune Magazine.
- Food for Thought: Why Invest in Individual Bonds Versus Mutual Funds and ETFs? Posted in: Latest News, Noteworthy, Video - We receive a lot of questions about investing in individual bonds versus mutual funds, so as Food for Thought we are sharing the answers.
- Chevy Chase Trust Wealth Access Client Portal Posted in: Latest News, Noteworthy - Chevy Chase Trust will be converting to a new Trust Accounting System the weekend of December 1-2, 2018. During this time, clients will not be able to access account information in CConnect. We apologize for this inconvenience.
Chevy Chase Trust will be converting to a new Trust Accounting System the weekend of December 1-2, 2018. During this time, clients will not be able to access account information in CConnect. We apologize for this inconvenience.
Effective Monday, December 3, 2018, the Chevy Chase Trust Client Portal will change from CConnect to Wealth Access. CConnect will remain available for 60 days should you need to retrieve statements or prior year tax reporting, but please be advised your accounts have been moved to Wealth Access. All statements and tax reporting will be migrated to the portal in the coming weeks.
To access the Chevy Chase Trust Wealth Access Client Portal, please use the email invitation you will receive on December 3, 2018. If you have any questions or do not receive the invitation to sign up for Wealth Access, please contact your Senior Trust Officer.
- Food for Thought: When should I start taking Social Security benefits? Posted in: Noteworthy, People, Video - We receive a lot of questions about social security benefits and as food for thought, we are sharing the answers on when is the best time to collect.
- Chevy Chase Trust hosts Health Insights 2018 Posted in: Events, Noteworthy - On October 3, Chevy Chase Trust hosted Health Insights 2018, a program featuring three experts in the areas of genetic testing, the microbiome and the mind-gut relationship.
On October 3, Chevy Chase Trust hosted Health Insights 2018, a program featuring three experts in the areas of genetic testing, the microbiome and the mind-gut relationship.
The first session featured Beth Peshkin, Professor of Oncology and Director of Genetic Counseling at Georgetown Lombardi Comprehensive Cancer Center. Professor Peshkin discussed hereditary cancer testing, and the benefits of working with a genetic counselor. Since 1998, the cost of genetic testing has significantly decreased, thereby opening access to a wider cross section of individuals. This increased access is producing data that influences preventive care and helps doctors make informed decisions regarding future care. Peshkin pointed out that while in some cases, genetic testing may be life- saving, consumers need to be very careful about the tests they use as the quality and reliability of results vary greatly.
The second session featured the co-founders and co-directors of the Amos Food, Body & Mind Center at Johns Hopkins. Glenn Treismann, MD, PhD, the Eugene Meyer III Professor of Psychiatry and Medicine at the Johns Hopkins University School of Medicine, and Director of the AIDS Psychiatry Service spoke about how genes and the bugs that make up our microbiome drive the choices we make every day. His remarks were followed by those of Jay Pasricha, MBBS, MD, Director of the Johns Hopkins Center for Neurogastroenterology. Dr. Pasricha explained how increased knowledge of the microbiome/brain relationship is shaping patient treatment for an extensive number of disorders and diseases. Describing the microbiome itself as a brain for the body, Pashricha indicated it controls us just as much as the brain in our heads. Both doctors predicted that in the future, medical treatment may be based on the food we eat rather than the medicines we take. According to the doctors, diabetes and obesity are two conditions both successfully managed by the replacement of certain bugs in the microbiome.
- “Less Cancer” is Paving the Road to Cancer Prevention Posted in: Community, Noteworthy - A 501c3 nonprofit public charity, Less Cancer focuses on addressing preventable cancers through education and continuing medical education for healthcare providers, including physicians, nurses and public health professionals.
Larry Fisher, President of Family Wealth Services for Chevy Chase Trust, is on the Board of Directors of Next Generation Choices Foundation, more widely known as Less Cancer. A 501c3 nonprofit public charity, Less Cancer focuses on addressing preventable cancers through education and continuing medical education for healthcare providers, including physicians, nurses and public health professionals. The organization has been an influential leader in policy is founders of National Cancer Prevention Day, the National Cancer Prevention Workshop, the United States Congressional Cancer Prevention Caucus.
The organization’s flagship program, the National Cancer Prevention Workshop, is streamed live to a community of over 57,000 globally, providing continuing medical education at no cost to participants.
The organization has instituted programming since 2004. Find out more about Less Cancer here: https://www.lesscancer.org/
- Pros, Cons to Buying Nvidia Stock Posted in: Insights, Noteworthy - As Nvidia makes deep inroads into AI, its share price is skyrocketing. Bobby Eubank, Equity Research Analyst weighs in.
Nvidia bills itself as a pioneer that has “supercharged” a form of computing loved by the most demanding and eclectic computer users in the world — scientists, designers, artists, and gamers. For them, NVDA has “built the equivalent of a time machine,” the company states on its website.
“Nvidia has over $5 billion of net cash and investments on its balance sheet, despite having spent a cumulative $15 billion in R&D, funding numerous startups via its venture program, and is just completing a massive new state-of-the-art headquarters,” says Bobby Eubank, equity research analyst at Chevy Chase Trust. “Nvidia has done this by generating close to $3 billion in free cash flow last year via high revenue growth with nice margin expansion.”
Of the $3 billion in free cash flow, $1.25 billion was used for dividends and stock repurchases, Eubank adds.
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