First Quarter, 2021
Think of the quarter not as the beginning of a new year, but as the end of an extraordinary 12-month period. Learn where our Thematic research is leading us as we look forward.
New & Noteworthy
Explore our latest news and insigts locllay and around the globe.
Noteworthy
Thematic Investing doesn’t follow common Wall Street practice. And it has made all the difference.
Thematic Investing. The Other way.
Thematic Investing doesn’t follow common Wall Street practice. And it has made all the difference.
Q & A with Michael Kleinschmidt, Assistant Vice President
What sets Chevy Chase Trust apart from other Investment Advisory firms? Providing a top-level customer experience. Meet Michael Kleinschmidt, Assistant Vice President.
Chevy Chase Trust was pleased to host renowned author, journalist, and professor, Walter Isaacson for a conversation about his new book, The Code Breaker: Jennifer Doudna, Gene Editing, and the Future of the Human Race. In the book, Mr. Isaacson showcases Jennifer Doudna, Ph.D., whose work on the gene-editing technology called CRISPR won her and Emmanuelle Charpentier the 2020 Nobel Prize in Chemistry and, Mr. Isaacson believes, will change the future of medicine.
Click on the link above to view the recording of the Chevy Chase Trust event featuring Mr. Isaacson’s description of Dr. Doudna’s journey of discovery, the life sciences revolution in which “molecules will become the next microchip,” the ethical issues associated with designer babies and much more. His remarks are followed by a question and answer session led by Amy Raskin, Chief Investment Officer, and Andrew Marshall, Vice President, both of Chevy Chase Trust.
Read our white paper on Investing in Disruptive Change: Personalized Medicine »
Read our white paper on Genomics »
A Conversation with Walter Isaacson on March 9, 2021
Chevy Chase Trust was pleased to host renowned author, journalist, and professor, Walter Isaacson for a conversation about his new book.
Manager of the Decade Designation and Top Gun Ratings | Informa Financial Intelligence
Chevy Chase Trust has been honored with the Manager of the Decade designation and 5 and 6 star Top Gun ratings for its Global Thematic Equity strategy by Informa Financial Intelligence’s PSN manager database.
Best-in-State Wealth Advisors 2021 | Deb Gandy
Congratulations to Deb Gandy, Managing Director, for making the Forbes 2021 list of Best-in-State Wealth Advisors in Maryland.
We are pleased to have Jeff Whitaker join Chevy Chase Trust as our new President and CEO.
Jeff comes to Chevy Chase Trust after holding several leadership roles in wealth and investment management over the past two decades, including at Bridgewater Associates, Berkshire Partners, and the J.P. Morgan U.S. Private Bank. Jeff holds an undergraduate degree from Williams College and an MBA from The Wharton School.
Hear what drew Jeff to Chevy Chase Trust and his thoughts on this exciting next chapter for the firm.
A Message from Jeff Whitaker, our new President & CEO
Hear what drew Jeff to Chevy Chase Trust and his thoughts on this exciting next chapter for the firm.
Chevy Chase Trust | Washingtonian’s Best 2020
Chevy Chase Trust is featured as Marylands’s Best Financial Advisers in Washingtonian Magazine.
Chevy Chase Trust | Account Information
Details regarding the timing and availability of your Chevy Chase Trust account tax forms.
Fourth Quarter, 2020
After a year full of surprises, including remarkable stock market performance around the globe, we are positioning portfolios somewhat defensively. Learn where our thematic research is leading us in 2021.
Welcome to our new President and CEO, Jeff Whitaker
“I was drawn to Chevy Chase Trust because of its client-focused culture, its differentiated thematic investment approach, and its committed owner,” said Mr. Whitaker.
12.8.2020 – Chevy Chase Trust was proud to partner with Virginia Hospital Center’s Infectious Diseases expert Dr. Rohit Modak. Learn Dr. Modak’s rules for staying safe during the COVID pandemic.
A Covid 19 Briefing with Dr. Rohit Modak of VHC
Hear about Dr. Modak’s rules to live by, vaccine updates, and much more.
Chief Thematic Investing Themes of the Decade
In Real Assets Adviser, Amy Raskin, CIO, discusses molecular medicine and quantum computing.
Optimizing the client experience at Chevy Chase Trust is critical to what we do. Michael Gildenhorn, Director of Client Management and Senior Portfolio Manager, discusses how our firm provides top-notch customer service for all of our clients.
Food for Thought: The Client Experience
Optimizing the client experience at Chevy Chase Trust is critical to what we do. Michael Gildenhorn discusses how our firm provides top-notch customer service for all of our clients.
Q & A with Duna Hur, Trader
We recently sat down with Duna Hur, Trader at Chevy Chase Trust, to learn more about her background, interests, and why she finds the role so rewarding.
View our webinar featuring Amy Raskin, CIO of Chevy Chase Trust, on “Investment Update,” and Dan Clifton, Partner and Head of Policy Research at Strategas, on “The 2020 Election in an Era of Unprecedented Disruption.”
Chevy Chase Trust Webinar | Amy Raskin and Dan Clifton
“Investment Update” and "The 2020 Election in an Era of Unprecedented Disruption."
Amy Raskin discusses the TINA argument, current valuations, bubble territory and much more.
Amy Raskin, Chief Investment Officer, was a featured panelist on Pillsbury’s webinar on Thursday, September 24. The topic was “Where to from here? Capital markets, credit, and the economy as of September 24, 2020."
Chevy Chase Trust Ranks on list of Barron’s Top 100 RIA Firms 2020
At Chevy Chase Trust, we specialize in global research and thematic investing informed by careful planning, and it's working. Barron's just named us to their 2020 list of Top 100 RIA Firms.
Chevy Chase Trust supports ACTEC and The Mid-Atlantic Fellows Institute
Chevy Chase Trust was proud to sponsor the inaugural class of the Mid-Atlantic Fellows Institute, created by the American College of Trust and Estate counsel.
Q & A with Dan Serra CFP®, Vice President
At Chevy Chase Trust, we help clients maintain and grow their long-term wealth. Meet Dan Serra, CFP® and Vice President.
With interest rates low, now may be a good time for transfer of wealth.
Food For Thought: Estate Planning
With interest rates low, now may be a good time for transfer of wealth. Learn about some compelling options.
Chevy Chase Trust: Financial Times 300 Top Registered Investment Advisers 2020
Chevy Chase Trust is proud to announce its top ranking in the 2020 edition of the Financial Times 300 Top Registered Investment Advisers.
Q & A with Marc K. Wishkoff, Head of Business Development
At Chevy Chase Trust, Marc oversees the delivery of Chevy Chase Trust services to clients and coordinates with their legal, accounting and other third-party advisors.
Q & A with Jessica Frommer, Managing Director, Client Services Manager
World-class client service and the day to day client experience set Chevy Chase Trust apart from other Investment Advisory firms. Meet Jessica Frommer, Client Services Manager.
A Conversation with Amy Raskin, CIO
Listen to excerpts from a conversation with Amy Raskin on June 18, 2020.
Listen to nonprofit leaders in the DMW describe how they have pivoted to meet the community’s expanding needs as a result of the COVID-19 shutdown.
Chevy Chase Trust | Philanthropy Webinar
Guest speakers include The Community Foundation of Greater Washington, Manna Food, Mary’s Center and Catholic Charities.
Chevy Chase Trust Ranks: Barron’s Top 50 RIA Firms 2019
At Chevy Chase Trust, we specialize in global research and thematic investing informed by careful planning, and it's working. Barron's Top Financial Advisors recently ranked us among the highest in their Top 50 list.
WASHINGTON (ABC7) —Having recently been named to the Forbes list of Top Women Wealth Advisors, Chevy Chase Trust’s Deb Gandy sat down with ABC7 news anchor Alison Starling to share some financial advice and a bit about Deb’s personal story. She described challenges she faced as a youth in the south during the civil rights movement and her work as one of the financial industry’s first female African American business development officers.
Washington ABC7 News | Deb Gandy
Chevy Chase Trust’s Deb Gandy sat down with ABC7 news anchor Alison Starling to share some financial advice and a bit about Deb’s personal story.
To Take or Not to Take: RMDs in 2020
The CARES Act offers a one-time opportunity to those age 70 ½ and older to forego their RMD for 2020. Susan Freed, CFP® answers questions about the important considerations involved in making this decision.
Amy Raskin Discusses Current Markets and Themes
During Pillsbury’s April 2020 webinar "Capital Markets, Credit, and Investing: The Road Ahead."
America’s Top Women Wealth Advisors 2020 | Deb Gandy
Congratulations to Deborah (Deb) Gandy, Managing Director at Chevy Chase Trust, for making the Forbes 2020 list of top female wealth advisors.
Estate Planning Opportunities After a Market Decline
Elizabeth Kearns, Vice President at Chevy Chase Trust, discusses changes you should consider.
Temporary waiver of RMDs for 2020
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27, 2020.
Food for Thought: Investment Management Fees
What you should know about investment management fees.
Q & A with Bobby Eubank
We recently sat down with Bobby Eubank, Equity Research Analyst at Chevy Chase Trust, to learn more about his background.
Want to avoid common mistakes that many investors make?
Food for Thought: 3 Common Mistakes Investors Make
Want to avoid common mistakes that many investors make?
Chevy Chase Trust shares ideas about how to maximize your giving strategy.
Food for Thought: Maximizing Your Charitable Donations
Chevy Chase Trust shares ideas about how to maximize your giving strategy.
Chevy Chase Trust | Washingtonian’s Best 2019
In November 2019, Chevy Chase Trust was featured as Marylands’s Best Financial Advisers in Washingtonian Magazine.
Genomics: Changing Medicine and More
As thematic investors, we study secular trends, disruptive innovations and economic forces with the potential to reshape the world. Personalized medicine is a case in point.
Q & A with Laly Kassa, CFP®
We recently sat down with Laly Kassa, who helps high net worth individuals, foundations, and non-profits with financial strategy at Chevy Chase Trust.
Chevy Chase Trust supports the 2019 Empty Bowls Bethesda
On November 4th, 2019, Chevy Chase Trust supports the 2019 Empty Bowls Bethesda.
Urban Alliance: Giving High School Students Experience in the Corporate World
Bethesda Magazine spotlights Najmah Abdur-Rahman's time in the Urban Alliance internship program with Chevy Chase Trust’s Amy Newman, Senior Trust Officer.
Andrew Marshall, Portfolio Manager and Research Analyst, discusses our thematic investing approach to the Health Care Revolution.
Food for Thought: The Health Care Revolution
Andrew Marshall, Portfolio Manager and Research Analyst, discusses our thematic investing approach to the Health Care Revolution.
St. Maria’s Meal Program & Chevy Chase Trust
On September 18, 2019, volunteers from Chevy Chase Trust headed into downtown D.C. to help support Catholic Charities’ St. Maria’s Wednesday Night Meal Program.
Demographics: Economic Consequences
We believe that long-term secular trends influence theme development, the macroeconomic environment and investment markets. One of the most important and enduring secular trends is demographics in terms of economic impacts.
College Funding Tips from Laly Kassa
While deciding on the best way to save for college depends on your family’s unique situation, for many, the 529 plan offers the most flexibility and tax advantages.
Tax-Savvy Giving Strategies May Provide Some Relief for High-Income Earners, by Susan Freed, CFP®
What can an individual do to avoid higher taxes when faced with the loss of significant deductions?
Montgomery County’s Urban Alliance and Chevy Chase Trust
Congratulations to Chevy Chase Trust’s Amy Newman, Senior Trust Officer, for being named by Montgomery County’s Urban Alliance as Mentor of the Year for her work with high school interns.
Andrew Marshall, Equity Portfolio Manager and Macroeconomic Research Analyst, discusses our current thinking about one of our global themes.
Food for Thought: Personalized Medicine
Andrew Marshall, Equity Portfolio Manager and Macroeconomic Research Analyst, discusses our current thinking about one of our global themes.
Amy Raskin, Chief Investment Officer, appeared on CNBC’s Fast Money Halftime Report on June 21, 2019, to discuss current market conditions and what they mean for investors.
Amy Raskin featured on CNBC’s Fast Money Halftime Report – June 21, 2019
Amy Raskin, Chief Investment Officer, appeared on CNBC's Fast Money Halftime Report on June 21, 2019, to discuss current market conditions and what they mean for investors.
Safe-Haven Assets Needed. They Don’t Even Need to Be That Safe
Corporate debt, collateralized securities and even stocks may not sound like the sort of assets money managers would seek out for their haven qualities.
Fast Fashion and the Future of Retailing
Thematic investing involves capitalizing on secular trends, disruptive innovations and economic forces that are reshaping the world.
Investing in Disruptive Change: Personalized Medicine
As thematic investors, we look for phenomena that are transforming economic prospects across multiple industries.
Bobby Eubank, Research Analyst, discusses our current thinking about one of our global themes.
Food for Thought: Next Generation Automation
Bobby Eubank, Research Analyst, discusses our current thinking about one of our global themes.
Ellen Perry recently sat down with Chevy Chase Trust to talk about the question she gets asked most frequently from wealthy families,“How Do I Pass on Values to the Next Generation?” Hear Ellen describe successful strategies and potential pitfalls as she draws on experience from a lengthy career advising families of great wealth.
Ellen Perry: Founder and Principal of Wealthbridge Partners.
Ellen Perry recently sat down with Chevy Chase Trust to talk about the question she gets asked most frequently from wealthy families.
Spencer Smith featured on IREI’s Shop Talk Podcast
What are the advantages to thematic investing — as well as the pitfalls? Spencer Smith, head of institutional investments discusses these questions on the Real Assets Adviser ShopTalk podcast.
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.
Food for Thought: When and How to Speak to the Next Generation About Wealth
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.
Food for Thought: Why Invest in Individual Bonds Versus Mutual Funds and ETFs?
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
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.
Think you should wait to start taking Social Security? At Chevy Chase Trust, many of our clients are asking this very question. Leslie Smith, Head of Planning, examines key decisions as you head into retirement—and what happens if you choose to wait.
Food for Thought: When should I start taking Social Security benefits?
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
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.
“Less Cancer” is Paving the Road to Cancer Prevention
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.
Pros, Cons to Buying Nvidia Stock
As Nvidia makes deep inroads into AI, its share price is skyrocketing. Bobby Eubank, Equity Research Analyst weighs in.
What will it take to attract the next generation of advisers to the private wealth business?
From Real Assets Adviser: The private wealth business is facing a persistent and decades-old personnel crisis. Marc Wishkoff, Managing Director, weighs in on what will it take to attract the next generation of advisers.
Should You Move to a Retirement Community Before Retiring?
From U.S. News & World Report: While many people relocate to retirement communities after they leave the workforce, some Americans are moving to one before stepping away from the office. Laly Kassa, Managing Director weighs in.
Q & A with Ed Dobranetski
We recently sat down with Ed Dobranetski, a Managing Director at Chevy Chase Trust, to learn more about his background and how he became interested in investment management.
Investment Update, Second Quarter 2018
The S&P 500 Index began 2018 with an initial surge from 2,674 to a high of 2,873 on January 26th.
Finding Opportunity in Disruptive Change: Retailing and Its Supply Chain
We’re in the early stages of a revolution in retailing that is creating compelling new investment opportunities.
As thematic investors, we look for phenomena that are transforming cash flows and profitability across multiple industries. Then we seek to identify companies that will benefit, are investable through public equities with ample liquidity, and likely to pay off within three to five years.
Here we discuss one of these phenomena—how the next generation of automation is impacting the retail industry.
See our latest research and what it means for investors.
Finding Opportunity in Disruptive Change: Retailing and its Supply Chain
Today in the retail industry we're seeing that traditional brick-and-mortar stores are struggling despite a relatively healthy economy.
Smart college planning is the gift that keeps on giving. From UTMA accounts to 529s, Chevy Chase Trust shows clients how to build a legacy of learning through personalized tuition savings strategies that take into account a family’s complete financial picture. Chevy Chase Trust’s Laly Kassa and Leslie Smith share their insights on the best savings strategies for maximizing returns.
Financial Planning and College Savings
Every client at Chevy Chase Trust receives comprehensive financial planning.
Thematic Investing at Chevy Chase Trust
In some ways, thematic investing is a throwback to investing in a simpler time.
Chevy Chase Trust hosts Spring Reception at the Smithsonian’s Renwick Gallery
On April 24, Chevy Chase Trust hosted its annual Cocktail Party and Reception at the Renwick Gallery’s exhibition “No Spectators: The Art of Burning Man.”
Q & A with Tap Chibaya
We recently sat down with Tapfuma Chibaya, an Equity Research Analyst at Chevy Chase Trust, to learn more about his background and what he enjoys most about his career.
Investing in Disruptive Change: The Great U.S. Wealth Migration
As thematic investors, we look for phenomena that are transforming economic prospects across multiple industries.
Saying economy is strengthening, Fed’s Powell suggests faster pace of interest rate hikes
From The LA Times: During his first Capital Hill appearance since taking over as Fed Chair, Jerome H. Powell suggested Tuesday that the central bank could hike its key interest rate faster than anticipated. Craig Pernick, Head of Fixed Income weighs in.
Finding Opportunity in Disruptive Change: Retailing and Its Supply Chain
As thematic investors, we look for phenomena that are transforming cash flows and profitability across multiple industries.
Downsizing baby boomers face a key decision: Is it better to rent or to buy?
From The Washington Post: The age-old question of whether to rent or buy is prominent on the minds of baby boomers who are contemplating downsizing. Laly Kassa, Managing Director, weighs in on the topic.
Why is Walmart Closing Sam’s Club Locations Around the Country?
From The Street: Bobby Eubank, Thematic Research Analyst, provides insight on the closing of Sam's Clubs stores across the country and its affects on the retail supply chain model.
At Chevy Chase Trust’s 2017 Fall Investment Symposium, Spencer Smith, Head of Institutional Investing, discusses the thematic research process.
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.
Thematic Investing
At Chevy Chase Trust's 2017 Fall Investment Symposium, Spencer Smith, Head of Institutional Investing, discusses the thematic research process.
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.
U.S. Urbanization
At Chevy Chase Trust's 2017 Fall Investment Symposium, Tap Chibaya, Equity Research Analyst, presents the theme of U.S. Urbanization.
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.
Laly Kassa, Managing Director at Chevy Chase Trust, answers questions about Giving Tuesday and the tax benefits of charitable donations.
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.
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.
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.
Bobby Eubank, Equity Research Analyst, presents the theme of Automation at Chevy Chase Trust’s 2017 Fall Investment Symposium.
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.
Next Generation Automation
Bobby Eubank, Equity Research Analyst, presents the theme of Automation at Chevy Chase Trust's 2017 Fall Investment Symposium.
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.
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.
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.
Don’t fear the robot: Harness automation to boost labor force
Despite below-average economic growth and recurring geopolitical uncertainty, manufacturers here in the U.S. are reporting brisk business.
Investment Update, Third Quarter 2017
U.S. equity markets continued a steady climb during the third quarter of 2017.
Q & A with Michael Gildenhorn
We recently sat down with Michael to learn more about his background and how he began his career.
Amy Raskin featured in September’s Real Assets Adviser magazine
Read about who and what inspired her towards a career in finance and her commitment to thematic investing, the guiding principle at Chevy Chase Trust.
Investment Update, Second Quarter 2017
Global equity markets rose during the first half of 2017. In fact, annualized returns are on pace for the fifth best showing in 30 years. The MSCI All Country World Index (ACWI) generated a total return of 4.45% during the second quarter of 2017, bringing its year-to-date return to 11.82%.
Robot revolution: Is your job at risk?
Spencer Smith, Director of Research, discusses the potential impact of artificial intelligence and robotics on employment.
Chevy Chase Trust hosts John O. Brennan for Spring Reception
Chevy Chase Trust was proud to host John O. Brennan, former Director of the Central Intelligence Agency (2013-2017) on April 24, 2017.
Investment Update, First Quarter 2017
During the first quarter of 2017, the S&P 500 Index generated a total return of 6.07%. Almost all of the gain, 5.36%, occurred between early February and early March. Since the election, the S&P has returned slightly over 10%.
Chevy Chase Trust hosts Ambassador Melanne Verveer for Women & Progress 2017
On February 15, Chevy Chase Trust hosted Women and Progress, an event focused on the advancements women are making in corporate America, politics and breast cancer research.
Urbanization ushers in upstart industries, innovative ideas
In 2009, for the first time in world history, the number of people living in urban areas surpassed the number living in rural areas. More recently, U.S. urban population growth began outpacing suburban growth for the first time since World War II.
Innovation, demographics make automation increasingly appealing
We are, indeed, witnessing a revolution in industrial automation. However, it is important to separate the hyperbole from the underlying economic realities.
Market Update
U.S. equity markets closed higher both days after the Donald Trump victory and Republican sweep of Congress.
Investment Update, Third Quarter 2016
There has been no shortage of newsworthy events this year. We’ve endured terrorist attacks on multiple continents and a widespread epidemic, Zika.
What Differentiates Chevy Chase Trust?
Clients tell us they find our approach to be refreshingly straightforward. We offer careful planning, global thinking, exhaustive research and thematic portfolios. This is investing pure and simple.