September 20, 2010
Evercore Wealth Management Ranks Among Leading U.S. Firms; Barron's
Evercore Wealth Management was ranked among the leading 40 U.S. wealth management firms by assets under management for individuals with $5 million or more, according to the annual survey published by Barron's.
September 15, 2010
US Stocks Rise on Corporate News: Tim Evnin Tells Wall Street Journal
Tim Evnin, partner and equity portfolio manager at Evercore Wealth Management, attributed continued gains in the U.S. stock market to investor expectations of positive corporate earnings.
September 13, 2010
Howard Cure Quoted on Harrisburg debt in the Wall Street Journal
Efforts by Harrisburg, Pa. officials to avoid an anticipated default on a general-obligation bond payment won't change the muni market's perception of the city as a troubled issuer, Evercore Wealth Management director of municipal research Howard Cure told the Wall Street Journal.
August 31, 2010
Bill Vaughn Comments on U.S. Stocks in the Wall Street Journal
Indications of rising consumer confidence have pushed stocks higher, according to Evercore Wealth Management partner Bill Vaughn. But the underlying economic recovery remains uncertain.
August 26, 2010
Judy Moses Comments on U.S. Stocks in the Wall Street Journal
San Francisco-based Evercore Wealth Management partner and portfolio manager Judy Moses told the Wall Street Journal that investors are waiting for guidance on the U.S. economic outlook from the Federal Reserve, when it meets on Friday.
August 24, 2010
John Apruzzese Quoted on U.S. Stocks in the Wall Street Journal
Continued investor concerns about economic weakness and housing data has forced stocks lower despite strong second-quarter earnings and a recent uptick in merger and acquisition activity, said Evercore Wealth Management partner and equity portfolio manager John Apruzzese in an interview with the Wall Street Journal.
August 20, 2010
Gary Gildersleeve Comments on Yields in The Bond Buyer
Evercore Wealth Management partner and portfolio manager Gary Gildersleeve told The Bond Buyer that low rates may be sustained for some time.
August 17, 2010
Investors Looking for Continuing Deal Flow, Tim Evnin Tells the Wall Street Journal
New mergers and acquisitions can help assuage market concerns, said Evercore Wealth Management partner and equity portfolio manager Tim Evnin in an interview with the Wall Street Journal.
August 16, 2010
The New Force on Wall Street
Upstart investment banks are taking business and bankers from battered larger competitors. The hottest boutique, Evercore, is grabbing a growing share of the biggest deals.
August 11, 2010
Investment Opportunities in General Airport Revenue Bonds
Although the airline industry has a volatile history, the airport business has remained relatively calm. We see opportunities for investors in selected General Airport Revenue Bonds (GARBs). Issuance of GARBs has increased sharply as interest rates hit historic lows and the Alternative Minimum Tax (AMT) was temporarily suspended on private activity bonds. Airport bonds may also offer yields above those of essential-purpose utility bonds and in fact can be very stable credits.
August 5, 2010
Evercore Wealth Management Featured in Financial Advisor
Evercore Wealth Management CEO Jeff Maurer — and many partners at his RIA — adjust to a new life.
July 29, 2010
Bill Vaughn Quoted on U.S. Stocks by the Wall Street Journal
Investor focus is turning to the economy as the second quarter earning season closes, Evercore Wealth Management partner Bill Vaughn told the Wall Street Journal.
July 21, 2010
Howard Cure Quoted by Bloomberg on NY-NJ Port Authority Debt
The sale of $400 million in revenue bonds by the Port Authority of New York and New Jersey may appeal to local investors as New York struggles to pass a budget, said Howard Cure, director of municipal research at Evercore Wealth Management.
July 21, 2010
John Apruzzese Comments on U.S. Stocks: Wall Street Journal
Evercore Wealth Management chief investment officer John Apruzzese told that Wall Streeet Journal that corporate earnings are generally positive but investors remain more focused on U.S. economic developments.
July 21, 2010
Equities — Outlook and Q2 Summary
Despite the brutal market reversal in the second quarter, our views have not changed dramatically. With an earnings yield of almost 8% for the broad market, and generally very solid balance sheets and strong cash flows, we believe that current valuations represent good value for long-term investors. The S&P 500 now trades at 12.5X forward earnings, below historical averages, and yields more than the 5-year US Treasury note.
July 21, 2010
Tax-Exempt Outlook and 2Q Summary
We expect good relative performance from the tax-exempt market through the early summer. Favoring tax-exempt municipal bonds are the persistent low yields on money market instruments, the diminished supply due to the success of taxable Build America Bonds (BABs), the high level of reinvestment demand, the approach of higher income tax rates in 2011, and yields that are relatively attractive compared with US Treasuries. Yet with municipal yields near all-time lows, we remain relatively neutral in our portfolios' maturity structure. We strive to add yield and value through our independent credit research effort with a focus on essential-purpose revenue and dedicated tax issues.
July 14, 2010
Judy Moses Comments on U.S. Stocks in WSJ.com
Investors continue to weigh strong corporate earnings against disappointing economic data, said Judith McDonald Moses, partner and equity portfolio manager at Evercore Wealth Management in San Francisco, in an interview with WSJ.com.
July 9, 2010
Tim Evnin Quoted On U.S. Stocks by the Wall Street Journal
Investors remain cautious despite recent stock price gains and ahead of second-quarter earnings, Evercore Wealth Management partner Tim Evnin told WSJ.com.
July 9, 2010
Tim Evnin Quoted On U.S. Stocks by the Wall Street Journal
Investors remain cautious despite recent stock price gains and ahead of second-quarter earnings, Evercore Wealth Management partner Tim Evnin told WSJ.com.
June 24, 2010
Euro Will Continue to Weigh on U.S. Stocks, John Apruzzese tells the Wall Street Journal
The recent rise in the Euro against the U.S. dollar is unlikely to continue, Evercore Wealth Management partner John Apruzzese told the Wall Street Journal.
June 16, 2010
Rhode Island Debt Outlook Improves, Howard Cure Quoted In the Wall Street Journal
The move by Central Falls, Rhode Island to enable a state-appointed receiver to overhaul its finances bodes well for the state? debt as a whole, said Howard Cure, director of municipal research at Evercore Wealth Management, in an interview with the Wall Street Journal.
June 15, 2010
Barron's Cites Evercore Wealth Management Muni Research on New York Debt
Barron's reporter Randall Forsyth cited research by Evercore Wealth Management municipal research team in the article "Avoiding Pension Hell for Munis".
June 15, 2010
Coping with Unfunded Pension Liabilities
Unfunded pension liabilities are an increasingly onerous obligation for the states, amounting to more than twice the sum of all state debt outstanding. Many states have underfunded their annual contributions amid equity market declines while after having enhanced pensions for their workers — a recipe for unsupportable financial obligations.
June 10, 2010
Nancy Gabel cited in Family Business Magazine on Generation Y
Nancy Gabel, a managing director at Evercore Wealth Management in New York, was cited by Family Business Magazine on intergenerational wealth planning issues. Generation Y, which is comparable in size to the Baby Boomer generation, stands to inherit $41 trillion in the United States.
June 10, 2010
John Apruzzese Quoted on Impact of Chinese Economy on U.S. Stocks by Associated Press
Evercore Wealth Management partner and equity portfolio manager John Apruzzese and told the Associated Press that China would be able to cool its economy and prevent speculative bubbles without jeopardizing growth and the prospects of a global recovery.
June 3, 2010
Volatility Increases Investor Opportunity, Judy Moses tells Marketwatch
Correlations between stocks and sectors is increasing but continued volatility in the market is creating opportunities for investors, said San Francisco-based Evercore Wealth Management partner Judith Moses in an interview with Marketwatch.
June 3, 2010
Gary Gildersleeve Comments on Muni Calendar; Tennessee Debt
Evercore Wealth Management partner and municipal manager Gary Gildersleeve told Bloomberg that issuers will benefit from the lighter calendar over the next month. Total schedule issuance is the lowest since early April.
May 24, 2010
Barron's Penta Cites Evercore Wealth Management on New York Bonds
Penta, the Barron's publication focused on private investors with $5 million or more, quoted Evercore Wealth Management's fixed income research team in the article "Where to Find Safe Muni Bonds."
May 24, 2010
John Apruzzese Quoted in Barron's on Telecom Sector
Landline telephone services can be a value investment, Johm Apruzzese, portfolio manager at Evercore Wealth Management, told Barron's. It may be counterintuitive, as industry revenues are failing and expected to continue falling, but some companies have considerable appeal.
May 20, 2010
Wall Street Journal Quotes Tim Evnin on U.S. Stocks
Investors forced stocks lower as they shed riskier assets in favor of relatively safe bets such as U.S. Treasuries, Evercore Wealth Management portfolio manager Tim Evnin was quoted as saying by the Wall Street Journal.
May 20, 2010
Gary Gildersleeve Quoted by BusinessWeek on Utility Bonds
Debt supported by utility bonds is attractive now relative to general obligation bonds, said Gary Gildersleeve, a partner at Evercore Wealth Management in New York, in an interview with BusinessWeek ahead of $667.9 million debt issue by the Los Angeles Department of Water & Power, the largest municipal utility in the United States.
May 19, 2010
John Apruzzese Comments on U.S. Stocks: Marketwatch
In an interview with Marketwatch Evercore Wealth Management portfolio manager John Apruzzese attributed the recent market slide to continued investor concerns about the future of the euro.
May 14, 2010
Euro Concerns Weigh on U.S. Stocks, Bill Vaughn Tells Wall Street Journal
U.S. stocks ended lower on Friday on investor concerns that the European Union will find it difficult to implement a nearly $1 trillion bailout for its most heavily indebted members, Bill Vaughn, equity portfolio manager at Evercore Wealth Management, told the Wall Street Journal.
May 12, 2010
Wall Street Journal Interviews Jeff Maurer on the Wall Street Fund
Management of the Wall Street Fund will enable Evercore Wealth Management to deliver its best equity thinking to Evercore employees and the grandchildren of clients and the like, said the Wall Street Journal, quoting CEO Jeff Maurer.
May 12, 2010
Jeff Maurer Interviewed by Dow Jones on Firm's Growth
Evercore Wealth Management anticipates organic, opportunistic growth, said CEO Jeff Maurer in an interview with Dow Jones. The 18-month old firm plans to augment its organic-growth efforts by partnering with other wealth management companies who think about the business in a similar way.
May 7, 2010
May Market Commentary
The US recovery is advancing at a more rapid pace than expected, led by corporate profits. The economy is adding net new jobs, which has been the biggest concern. We think this favorable trend will continue, with subsequent expansion powered by growth in demand from emerging-market consumers.
May 4, 2010
Evercore Wealth Management completes acquisition of investment firm Morse Williams
Evercore Wealth Management today announced the completion of the acquisition of Morse, Williams and Company, Inc. Founded in 1981 as an SEC registered investment advisor, Morse Williams manages approximately $190 million for individual clients, families and related institutions.
May 3, 2010
Tim Evnin Quoted in Bloomberg on U.S. Economy, Stocks
Positive economic developments are underpinning gains in the U.S. equity markets, Evercore Wealth Management portfolio manager Tim Evnin told Bloomberg News.
May 3, 2010
Buffet comments help propel share prices, John Apruzzese tells Associated Press
Investors in U.S. stocks were encouraged by Warren Buffet's support of Goldman Sachs, said Evercore Wealth Management portfolio manager John Apruzzese in an interview with Associated Press.
April 30, 2010
Evercore Wealth Management Fixed Income Research Cited in Barron's
New Jersey's "Just Say No" debt plan makes the state a test case for the rest of the country, wrote Barron's reporter Randall W. Forsyth, citing the Evercore Wealth Management research report "New Jersey Budget Proposals: A Litmus Test for the Rest of the Country."
April 29, 2010
Judy Moses Quoted on Euro Outlook by Dow Jones
Investors will shift their focus back to U.S. earnings and economic data as moves by Germany and other European Union countries to support the euro start to alleviate concern about euro-zone debt, Evercore Wealth Management equity portfolio manager Judy Moses told Dow Jones.
April 26, 2010
New Jersey Budget Proposals: A Litmus Test for the Rest of the Country?
Like many other states, New Jersey has a significant budget deficit that has been years in the making. On a percentage of revenues and income, however, its budget deficit is among the most severe in the nation.
April 21, 2010
Howard Cure Quoted by Dow Jones on Puerto Rico Bond
Evercore Wealth Management partner Howard Cure told Dow Jones that the strong demand from individual investors for the debt of the Puerto Rico Electric Power Authority, or Prepa, was caused in part by the utility's investment flexibility.
April 19, 2010
Avon Shares a Strong Play on Emerging Markets, Tim Evnin Tells Barron's
Avon remains a strong play on emerging and other international markets, despite a recent decline, Tim Evnin, partner and portfolio manager told Barron's.
April 16, 2010
Chris Zander Quoted by Business Week on Estate Tax Hiatus
Private investors are at risk of accidentally disinheriting their heirs as a result of the 2010 estate tax hiatus, Chris Zander, partner and estate planning expert at Evercore Wealth Management, told Business Week.
April 16, 2010
Tim Evnin Comments on U.S. Stocks in Bloomberg interview
Tim Evnin, partner and portfolio manager at Evercore Wealth Management, told Bloomberg News that the drop in U.S. share prices following news of fraud charges against Goldman Sachs by the Securities and Exchange Commission is unlikely to derail continued market gains.
April 15, 2010
Alliance Bernstein Veteran to Join Evercore Wealth Management: Wealth Bulletin
Wealth Bulletin reported that Wendy Barasch, a 20-year veteran of Alliance Berstein, has been recruited by Evercore Wealth Mangement as a partner and head of business development.
April 14, 2010
Evercore Wealth Management Appoints Wendy Barasch Head of Business Development
Evercore Wealth Management today named Wendy Barasch Partner and Head of Business Development. Wendy Barasch joins Evercore Wealth Management from Alliance Bernstein, where she has worked for 20 years, most recently as a managing director in the private client business, responsible for hiring and developing teams of financial advisors. She also led advisor training programs and served as a wealth management advisor, working with high net worth families, small endowments and foundations.
April 12, 2010
John Apruzzese Quoted in the Wall Street Journal as Dow Passes 11,000
Evercore Wealth Management portfolio manager John Apruzzese was quoted on U.S. Stocks in the Wall Street Journal on the day that the Dow Jones Industrial Average closed above 11000 for the first time since late-September 2008 amid hopes for a strong earnings season and weakness in the dollar.
April 8, 2010
Evercore Wealth Management Featured in RIA Biz: Profile of CEO Jeff Maurer
Jeff Maurer, CEO of Evercore Wealth Management and former CEO of U.S. Trust, has brought "his old magic" to the new firm, said RIA Biz in a profile of the firm that included interviews with both Maurer and Bob Morse, who is folding his New York based firm with $180 million in assets into Evercore Wealth Management.
April 5, 2010
John Apruzzese Comments on U.S. Equity Outlook: Associated Press
The recent increase in stocks is justified and even the prospect of gradual rise in interest rates from historic lows should not disrupt a recover, Evercore Wealth Management equity portfolio manager john Apruzzese told the Associated Press in an interview.
April 1, 2010
Tim Evnin Quoted in the Wall Street Journal's MarketWatch
The U.S. economy continues to gradually improve despite continued weakness in the housing sector and job market, Tim Evnin, equity portfolio manager at Evercore Wealth Management, told the Wall Street Journal's MarketWatch column.
March 30, 2010
CNBC Cites Bill Vaughn on Dividend Tax; Changing Fiscal Outlook
Potential changes to the dividend tax is just one of many issues needing investor attention, Evercore Wealth Management portfolio manager Bill Vaughn told CNBC.
March 17, 2010
John Apruzzese Quoted in Wall Street Journal on U.S. Stocks
John Apruzzese, chief investment officer at Evercore Wealth Management, told the Wall Street Journal that the outlook for U.S. stocks continues to improve.
March 12, 2010
Howard Cure quoted in the San Francisco Business Times
The California fiscal crisis presents a buying opportunity for municipal bond investors, said Howard Cure, director of municipal research at Evercore Wealth Management in a recent article in the San Francisco Business Times.
March 10, 2010
Evercore Wealth Management featured in Private Banker International as
"one of the industry's fastest growing firms"
In just over a year, Evercore Wealth Management has parlayed its deep bench of former U.S. Trust veterans and a timely acquisition of Morse, Williams and Company, Inc. into one of the wealth management industry's fast growing firms, according to Private Banker International.
March 8, 2010
Howard Cure cited in Barron's: California's Big, Fat High-Yield Debt
Further downgrades in California general obligation debt are likely, even though the state's economy is showing signs of recovery, predicated Howard Cure, director of municipal research at Evercore Wealth Management, in a Barron's article by Randall Forsyth.
March 5, 2010
Howard Cure quoted by Reuters on California's long-term fiscal outlook; says future rating downgrades likely
Investors should be cautious about California's debt, as its GO debt ratings are hovering just above junk status, said Howard Cure, director of municipal research at Evercore Wealth Management, in an interview with Reuters. "We are pessimistic about the long-term fiscal situation in California, and we consider future rating downgrades likely."
March 3, 2010
Evercore Wealth Management's views on nuclear bonds cited in the Wall Street Journal
Financing a nuclear project involves considerable risk and investors should be cautious of the $2.5 billion debt issue by the Municipal Electric Authority of Georgia, said Howard J. Cure, director of municipal research for Evercore Wealth Management, in the Wall Street Journal article headlined Nuclear Bonds Test Muni Market Appetite for Risk.
March 1, 2010
California's Financial Crisis: Year Two
Default risk for California's general obligation bonds and appropriation debts is extremely low, and the state's fiscal problems are well known. But the risks of ratings downgrades and further price erosion are high, we believe, both for the state and for underlying entities that rely heavily on it for funding. Investors must therefore remain highly selective and research thoroughly the security for debt-service payments.
February 24, 2010
Tim Evnin on outlook for U.S. Stocks; WSJ.com article
Tim Evnin, equity portfolio manager at Evercore Wealth Management, told WSJ.com reporters that stocks are rallying in part as investors react to reports that key senators are opposed to President Barack Obama's proposal to prohibit commercial banks from making certain risky bets with their own capital - a practice that has heavily contributed to Wall Street's profits the last few years.
February 22, 2010
Evercore Wealth Management Featured in the Family Wealth Report: The Challenge of Sustaining a Fast Start
Armed with an impeccable pedigree, Evercore Wealth Management's fast start has been extremely impressive, according to a recent Family Wealth Report feature article.
February 10, 2010
Ivy League debt well received amid increased scrutiny of investment policies; Howard Cure quoted in the Wall Street Journal
Investor reaction in Ivy League debt has been positive, despite increased scrutiny by regulators, because the Ivy Leagues have maintained high ratings, said Howard Cure, director of fixed income research for Evercore Wealth Management.
February 8, 2010
Roger Altman Profiled in Barron's Q&A: The Big Picture According to Evercore Partners
Roger Altman, the founder and chairman of Evercore Partners, was the subject of the Barron's Q&A Titled "A Time to Heal" by Lawrence Strauss. The wide-ranging interview covered the global political and economic outlook (Altman was previously Deputy Treasury Secretary of the United States), regulatory chances on Wall Street, the mergers and acquisitions markets and wealth management.
February 4, 2010
2010 Outlook
The global economy appears to be in the early stages of a classic recovery from severe recession.
February 3, 2010
Reuters: Evercore Wealth expects bigger clients, deals.
Launched a year ago by Evercore Partners Inc (EVR.N) and run by former U.S. Trust Corp Chief Executive Jeff Maurer, Evercore Wealth recently reached the milestone of $1.5 billion of client assets under management.
January 25, 2010
Evercore Wealth Management Tops $1.5 Billion in Client Assets on One Year Anniversary
Evercore Wealth Management Continues Expansion; Acquires Investment Firm, Morse Williams & Co.
January 25, 2010
Evercore Wealth Management Featured in American Banker
American Banker led a profile of Evercore Wealth Management and interview with chairman and CEO Jeff Maurer with the news that the firm signed a definitive agreement to buy Morse, Williams and Co. Inc. as part of its plan to acquire $5 billion in assets under management by its fifth of operation. The firm was founded a year ago.
January 25, 2010
Wall Street Journal: Evercore Wealth Builds Up, One Year After Launch
Evercore Wealth Management is in growth mode a year after launching during a worst-case-scenario environment, boosting its client assets to $1.5 billion and reached an agreement to buy Morse, Williams & Co., an investment adviser with $190 million in assets under management, said the Wall Street Journal.
January 22, 2010
Chris Zander Featured in the New York Times on Investing Bonuses
Investors are going to be a little more cautious with overspending, said Christopher Zander, Evercore Wealth Management's wealth advisor, in the New York Times article At Bonus Time, Less Appetite for Toys by Paul Sullivan.
January 19, 2010
Gary Gildersleeve Quoted in Reuters on Muni Prices
Yields are so low on money market funds that investors are developing more interest in municipal bonds, Evercore Wealth Management fixed income portfolio manager Gary Gildersleeve told Reuters in an interview on market conditions.
January 12, 2010
Evercore Wealth Management Report Featured in the Bond Buyer
The Bond Buyer based an article on New York Debt on the Evercore Wealth Management report Political Credit Risk in New York State
January 9, 2010
Chris Zander Quoted on Estate Planning in the New York Times
Uncertainty over the impact of estate taxes in 2010 will necessitate greater planning, Chris Zander, wealth advisor at Evercore Wealth Management, told The New York Times. For example, heirs may be responsible for capital gains taxes on any appreciated property when they sell it, forcing them to go back through decades of brokerage statements to calculate the difference between the value of something today and its original price.
January 8, 2010
Political Credit Risk in New York State
The recession and the troubled financial services industry hit New York State's finances hard, and exacerbating the problem is a dysfunctional political process. We are concerned about New York State credits with political credit risk, and have a preference for New York State credits that are structured to ameliorate this risk.
December 22, 2009
Corporate Bond Commentary and Strategy
Yields on investment-grade credit securities are approaching historic low levels. Balance sheets are defensively positioned overall, with significant cash on hand, limited near-term debt maturities, and good overall liquidity profiles.
December 17, 2009
Evercore Wealth Management Featured in Fundfire Article on Elite Wealth Firms
Evercore Wealth Management clients prefer transparency in holdings and in the investment thinking behind them — access not always available from a third-party manager, chairman and CEO Jeff Maurer told Fundfire in an interview. "Our clients like to talk to the portfolio manager about what's in the account and why it's in there. They want a customized portfolio and they want personalized tax efficiency."
December 4, 2009
Financial Markets Commentary
The dramatic market moves of the last twelve months — up as well as down — have shifted many investors' perceptions of risk.
December 1, 2009
Chris Zander named a top investment manager in North America by Citywealth
The 2010 Citywealth Magazine leaders list of wealth managers names Evercore Wealth Management partner Chris Zander as one of the top professionals in North America. Inclusion in the 11-person list was based on individual endorsements from 2000 or more professionals in wealth management or related fields and by high net worth and ultra high net worth clients. For more information on Citywealth, visit http://www.citywealthmag.com.
November 17, 2009
Municipal Market Update: Opportunities Exist
Despite the sudden sell-off at the beginning of last month, the municipal market has changed little since mid-October. Yet the drumbeat of concern in the press about the health and viability of the market has grown only louder.
October 27, 2009
Evercore Wealth Management Expands Equity Investment Team: Tim Evnin Joins Firm as Equity Portfolio Manager
Evercore Wealth Management announced today that Tim Evnin is joining the firm as a Partner and Equity Portfolio Manager. He is the most recent of 21 top portfolio managers and wealth management advisors to join the firm since its inception in November 2008.
October 16, 2009
Municipal Market Update: Opportunities May Appear
The landscape in the municipal market changed dramatically in early October with tax exempt bond yields spiking upward following a nearly 4 month period of slowly rising prices and declining yields.
October 7, 2009
Municipal Market Update: Where Did the Yields Go?
With rates at 40-year lows, we are very cautious and continue to emphasize defensive, high-coupon securities priced to shorter calls and research-driven, short-duration securities.
September 22, 2009
Why the Recovery May be Stronger than Expected
The United States' recent economic meltdown was virtually unprecedented but it is the global economy that matters.
August 1, 2009
Financial Markets Commentary
The US economy is off of life support but a full recovery isn't likely anytime soon.
August 1, 2009
Corporate Bond Commentary and Strategy
Spreads will continue their march toward normalization—but not in a straight line. We are taking advantage of tightening spreads while guarding against idiosyncratic credit risks and longer-term inflation.
Summer 2009
Municipal Market Mid-Year Update
With the Treasury market under pressure and municipal yields at historic lows, we continue to recommend cautious geographic diversification and high-quality security selection.
July 24, 2009
Investing in California Municipal Bonds
The state has relied upon a progressive income tax system that fluctuates significantly depending on the economy. Currently, there is no mechanism for the state to establish a rainy day fund, leading to revenue booms and busts.
July 16, 2009
Evercore Wealth Management Continues Expansion of San Francisco Office
Evercore Wealth Management said today that two previously announced but unnamed partners, Bruce Elwell and Iain Silverthorne, have officially joined the firm's San Francisco office as part of the continued expansion of the firm's West Coast office.
July 1, 2009
Strategic Wealth Transfer Planning in Volatile Times
Low asset valuations and financing costs are providing a compelling opportunity for affluent families to execute wealth transfer strategies.
June 23, 2009
Market Update: Uncertainty Remains High
Stocks look fairly valued but inflation is a real risk.
June 8, 2009
Evercore Wealth Management Establishes San Francisco Office and Expands Team of Wealth Management Advisors
Evercore Wealth Management announced today that it has opened an office in San Francisco and has added four new partners and a senior advisor, all of whom will be based in the new office.
June 1, 2009
Municipal Market Update
Municipal bonds have significantly outperformed U S Treasury bonds thus far in 2009.
June 1, 2009
Corporate Bond Commentary and Strategy
Economic indicators are clearly pointing to a slower rate of decline in the economy, led by a consumer that is slowly pulling herself up from the ground and better-than-expected corporate earnings.
May 1, 2009
Financial Markets Commentary
Despite some recent hopeful signs, it appears that the global economy is not yet out of the woods and the current recession will likely continue through at least the end of the year.
March 7, 2009
Market Update: Erring on the Side of Caution
History suggests that stock prices are too low but a recovery depends on effective government policies.
Q1 2009
Corporate Bond Commentary and Strategy
After the worst and most volatile year in history for the corporate bond market, the first quarter of 2009 saw slight underperformance on both a total return basis and as relative to Treasuries.
Q1 2009
Municipal Market Update
The municipal bond market experienced its strongest quarterly performance in years and was among the best performing fixed income sectors in the first quarter.
Q1 2009
Municipal Bond Market Commentary
Bond insurance ceased to be a major factor in both the primary and secondary markets. Prior to 2008, nearly 50% of all new issues came to market with insurance. By year-end it was less than 10% as newcomer Berkshire Hathaway was the lone insurer possessing Moody's coveted Aaa rating.
Jan/Feb
The Great Crash
The financial and economic crash of 2008, the worst in over 75 years, is a major geopolitical setback for the United States and Europe. Over the medium term, Washington and European governments will have neither the resources nor the economic credibility to play the role in global affairs that they otherwise would have played.
December 16, 2008
Value in the Municipal Market
With yields offered by U S Treasuries near historic lows due to the worldwide flight to quality, municipal yields, especially for longer term issues, have trended higher since late November. The primary reason is...
November 20, 2008
Ex-U.S. Trust CEO Maurer founds old-line boutique
New York-based investment bank and asset manager Evercore Partners has launched a wealth-management unit. Jeffrey Maurer, a former head of U.S. Trust, leads a team of portfolio managers and wealth planners culled from the ranks of Bank of America's Private Wealth Management (PWM) group.
November 18, 2008
Evercore Said to Hire Maurer, U.S. Trust Wealth Management Team
Evercore Partners Inc., the investment bank started by Roger Altman, hired former U.S. Trust Corp. Chief Executive Officer Jeffrey Maurer to lead a push into wealth management, a person familiar with the situation said.
November 18, 2008
Evercore Partners Launches Evercore Wealth Management
Evercore Creates Wealth Management Firm with Former U.S. Trust Chairman and Chief Executive Officer Jeff Maurer and Team of Portfolio Managers and Wealth Planners.