40 insights
Perspective
New
May 6, 2025
Navigating Market Volatility: Managing Portfolio Risk During Uncertain Times
We believe that keeping calm and focusing on fundamentals is the best way to handle market volatility. Our defensive positioning helps us limit our downside risk while our opportunistic approach allows us to add high quality companies at attractive prices.
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Perspective
New
May 5, 2025
Wealth Planning for Attorneys
Access our comprehensive slide deck to find out if you are overlooking some actionable considerations related to long-term wealth planning based on where you are in your legal career.
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Video
Apr 17, 2025
Quarterly Webinar Replay
If you were unable to join our quarterly webinar on April 15, watch the replay to hear updates from Portfolio Managers John Osterweis, Nael Fakhry, Greg Hermanski, and Carl Kaufman.
During the webinar, Chris Zand moderated a discussion about recent market activity and trends, the implications of President Trump's new tariff policies, portfolio positioning, and the outlook for the remainder of 2025.
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Outlook
Apr 14, 2025
Second Quarter Equity Outlook
While we continue to feel the U.S. has structural investment advantages, we are mindful that the scope of the current administration's policy shifts may present challenges to our sustained economic momentum.
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Outlook
Apr 9, 2025
Second Quarter Strategic Income Outlook
Concerns about a trade war have rattled markets so far in 2025, but we believe fixed income investors need to be patient, stay defensive, and see how things evolve before making any big decisions.
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Perspective
Mar 12, 2025
Roth IRAs and Roth Conversions
Highly coveted and wildly popular – Roth IRAs allow for tax-free withdrawals in retirement. Find out if a Roth IRA is something you should consider.
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Outlook
Jan 27, 2025
First Quarter Equity Outlook
Equity markets are facing a variety of headwinds, but the economy remains strong, and we believe there will be ample opportunities to invest in attractively valued quality growth companies in 2025.
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Outlook
Jan 14, 2025
First Quarter Strategic Income Outlook
Although we are loath to make predictions, conditions appear to be favorable for fixed income in the coming year, and we think investors should consider adjusting their allocations accordingly.
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Video
Dec 23, 2024
Reading the Tea Leaves (Ep. 3) – 2025 Policy and the Economy
In the third episode of “Reading the Tea Leaves,” Director of Private Client Chris Zand moderates a discussion with Nael Fakhry and Jasmine Shen of the Growth & Income strategy, where they discuss how policy changes in 2025 may affect key sectors of the market.
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News
Nov 13, 2024
Wealth Management Checklist
Is there a gap in your financial plan? Are you wondering if you are on track to meet your wealth management goals? Download our checklist to find out.
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Video
Nov 6, 2024
What is a Quality Growth Company?
Watch Nael Fakhry, Portfolio Manager for Core Equity, discuss how the Core Equity team defines a quality growth company, including what it means for a company to have good governance.
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Outlook
Oct 21, 2024
Fourth Quarter Equity Outlook
Thanks to a variety of structural advantages, including favorable demographic trends, we believe the U.S. remains the most attractive investment environment in the world.
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Outlook
Oct 10, 2024
Fourth Quarter Strategic Income Outlook
Credit indices rallied during the third quarter, despite a variety of economic headwinds, and it appears FOMO (fear of missing out) is fueling the bullish sentiment more than fundamentals.
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Perspective
Sep 19, 2024
Changes to Inherited IRAs Promote Timely Opportunities
Navigating the rules related to inherited IRAs can be challenging. Recent IRS rulings changed how inherited IRAs are treated, so it is important to review how you are planning for or handling any inherited IRAs.
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Video
Sep 10, 2024
Reading the Tea Leaves (Ep. 2) – Consumer & Industrial Sectors
In the second episode of “Reading the Tea Leaves,” Director of Private Client Chris Zand moderates a discussion with Nael Fakhry and Greg Hermanski, portfolio managers for the Growth & Income Strategy, where they discuss themes they are seeing in the Consumer and Industrial sectors of the economy.
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Video
Aug 19, 2024
It's a Market of Bonds, Not a Bond Market
Watch Craig Manchuck, Portfolio Manager for Strategic Income, discuss the differences in the investment grade and high yield markets and why it is critical to carefully evaluate each bond as a potential investment.
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Outlook
Jul 17, 2024
Third Quarter Equity Outlook
As the U.S. evolved from a goods economy to a services economy, expansionary cycles more than doubled in length. But a recent resurgence in manufacturing may be taking us back to the future.
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Outlook
Jul 11, 2024
Third Quarter Strategic Income Outlook
As we survey the economic landscape, we are reminded of Otis Redding’s classic hit, which is all about patience. “Looks like nothing’s gonna change, everything still remains the same.”
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Video
Jun 26, 2024
Reading the Tea Leaves (Ep. 1) – The AI Arms Race
In the first episode of "Reading the Tea Leaves," Director of Private Client Chris Zand moderates a discussion with Nael Fakhry and Greg Hermanski, portfolio managers for the Growth & Income Strategy, where they discuss the implications of the massive investment in artificial intelligence by mega cap technology companies.
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Perspective
May 29, 2024
A Single Source for Both Income and Capital Appreciation?
The Osterweis Growth & Income strategy is designed to deliver equity-like returns while also providing consistent and growing income. Using a flexible and conservative — but somewhat unconventional combination of assets — we have created a single solution that addresses multiple investment objectives and also limits volatility and tax exposure.
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Podcast
May 10, 2024
Business Breakdowns Podcast - Interview with Nael Fakhry
Listen to a recent interview with Nael Fakhry on the Colossus "Business Breakdowns" podcast, where he discusses what makes AMETEK a Quality Growth company.
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Perspective
Apr 12, 2024
Patience Pays: Leaning Into the Inverted Yield Curve
We have always maintained it is better to accept what the market has on offer than to stretch for returns. Thanks to the inverted yield curve and our flexible mandate, the current environment is making it easier than ever to be patient while we wait for
fat pitches.
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Perspective
Apr 5, 2024
Are You Taking Advantage of Tax-Free Gifting?
Do you consider gifting to loved ones or others as part of your wealth management planning? Many people overlook the power of the annual gift exclusion as an easy way to make tax-free gifts as well as reduce one’s estate. With the increase in the gift tax exclusion in 2025, an individual can gift up to $19,000 to as many people as they would like without it impacting their lifetime gift exclusion.
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Perspective
Apr 3, 2024
Cash from Trash: Renewable Natural Gas
Innovation and growth may not be the first words that come to investors’ minds when thinking about the waste management industry, but they should be.
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Perspective
Jan 2, 2024
Inherited IRA Withdrawal Process: Optimizing Financial Legacies
When it comes to managing financial portfolios and planning for your future, there will be many unique challenges and opportunities. Leveraging Inherited Individual Retirement Accounts can help you preserve and transfer wealth across generations.
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Perspective
Sep 19, 2023
Catching the Wave: Why Secular Growth Matters
In our view, the specific market dynamics that influence a company's sales growth prospects have a greater impact on equity returns than the overall direction of the economy.
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Perspective
Aug 31, 2023
Artificial Intelligence: A Seismic Secular Growth Opportunity
Artificial intelligence (AI) has been top-of-mind for investors for much of 2023, fueling a strong rally in the S&P 500. While it may take time for AI to have a similar impact on small cap stocks, we share the market’s enthusiasm and believe AI has the potential to become one of the most disruptive secular growth trends ever.
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Perspective
Jul 13, 2023
Focus on Dividend Growth, Not Dividend Yield
Dividends have historically played an important role in shareholder returns. In our view, companies that pay growing cash dividends also tend to reinvest in themselves, which can drive growth in cash flow and provide attractive returns with less volatility over time.
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Perspective
Jun 30, 2023
Five Benefits of Setting Up a Trust
A trust can be an important part of your overall estate plan and a way to ensure your loved ones and assets are protected for the entirety of your life and beyond. We outline what we believe are some of the top benefits of adding a trust to your estate planning portfolio.
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Perspective
May 25, 2023
Ignoring the Noise and Focusing on Return on Invested Capital
What drives return on invested capital (ROIC), and why should this metric matter to a long-term investor? We believe that understanding a company and its industry structure is imperative to determining the trajectory of ROIC, which dictates whether a company will generate attractive returns over time.
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Perspective
Sep 26, 2022
20 Years of Common Sense Investing: Our Top 5 Principles
We have always believed that common sense is the key to successful investing. Since launching our Strategic Income Strategy two decades ago, our straightforward, flexible approach has allowed us to navigate all types of markets and consistently deliver strong risk-adjusted returns over time.
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Perspective
Aug 24, 2022
Strategic Income Strategy: Built to Withstand Challenging Markets
2022 has been a tough year for fixed income, as the Fed tightening cycle, inflation, and recession fears have all weighed heavily on markets. We believe the Osterweis Strategic Income strategy is well-positioned to address these types of challenges, as its flexible mandate and defensive approach help to protect against rising rates and market volatility.
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Perspective
Aug 23, 2022
A Solutions-Based Investing Approach
There is no such thing as a one-size-fits-all approach to investing, which is why we focus on our clients’ unique needs when developing our investment strategies.
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Perspective
Jan 5, 2022
In Search of Upside: Finding Opportunities in Small Cap Growth
Small cap growth stocks lagged for most of 2021 as the market simultaneously dealt with the pandemic, inflation, and tightening Fed policy. Given these challenges, we have been focusing on high quality companies trading at attractive valuations, and we have also been looking at non-technology businesses that are embracing digitization.
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Perspective
Dec 7, 2021
The Power of Tax-Efficient Compounding
With day trading making headlines, it seems that many investors have lost focus on the value of a buy-and-hold approach. We explain why it may make sense to harness the potential power of tax-efficient compounding when it comes to long-term wealth creation.
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Perspective
Mar 31, 2021
Price Makers, Share Gainers, and Compounding Machines: Three Quality Business Models
Defining a quality business is easier said than done. We have found that the highest quality businesses either consistently exercise pricing power while maintaining market share or consistently grow market share by undercutting incumbents. A choice few companies we call “compounding machines” can both raise price and increase market share.
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Perspective
Dec 28, 2020
Back to (the New) Normal: Five Secular Growth Trends for 2021
The coronavirus pandemic is a once-in-a-lifetime event that transformed society and the economy almost overnight. We believe some of the most significant changes are likely here to stay, and we are focusing our investments on the secular growth trends we expect to strengthen as life returns to normal.
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Perspective
Dec 7, 2020
The Case for Waste: Finding Growth in Garbage
Although investors don’t normally think about trash when they’re looking for growth stocks, we believe the solid waste industry is well-positioned to outperform. In our view, the combination of high barriers to entry, stable demand, and opportunities for consolidation should provide reliable revenue growth for the foreseeable future.
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Perspective
Aug 14, 2020
A Bright Future for Renewables: Lower Costs and Rising Demand
Following decades of investment and cost reduction, electricity from renewable energy should be cheaper than most existing fossil- and nuclear-fueled electricity within the next three-to-five years. We believe selectively investing in operators with scale and cost advantages in this sector should be rewarding given the increasing demand for clean energy.
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Perspective
Jul 8, 2020
Steepening the (Adoption) Curve: Covid-19 and Digital Transformation
In the era of social distancing, technology has become even more integrated into our personal and professional lives. We believe this trend will persist even after the pandemic passes, and we expect it will particularly benefit firms that support remote working arrangements and eCommerce, two areas where we anticipate accelerating adoption and sustained growth.
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