• 4th Quarter 2015 Market Commentary

    The oldest and strongest emotion of mankind is fear, and the oldest and strongest kind of fear is fear of the un-known. –H.P. Lovecraft Volatility and risk aversion returned to the financial mar-kets last year. Concern over energy, industrial commodities and emerging markets began to spread to other as-sets. Large cap companies with growth opportunities… » read more

  • The New Volatility

    Recent declines in MLPs and High Yield indicate an increasingly nervous retail investor base. Individuals who made decisions almost solely on the basis of yield lack the foundation of knowledge that enables sound judgements during times of stress. Bouts of panic selling resulted. This selling occurred in the face of an economy that remains sound… » read more

  • MLPs will Recover

    After Friday ended the worst week for MLPs since 2009, the market opened today with another selloff. The Alerian MLP Index ended the day with a 6.2% decline and was down over 9% earlier in the day. Worries over OPEC’s inability to come to a consensus on production combined with a potential dividend cut from… » read more

  • Third Quarter 2015 Market Commentary

    Ain’t we got all the fools in town on our side? And ain’t that a big enough majority in any town? –Mark Twain, Huckleberry Finn A volatile third quarter pushed major equity indexes into negative returns for the year. As of September 30, the S&P 500 was down 5.3%, while small cap stocks were down… » read more

  • August 24 Commentary

    The 5% drop in the S&P 500 at the open today marks a return of volatility to the US equity markets. The VIX Index, which measures S&P 500 volatility, traded earlier this year at levels in line with pre-Financial Crisis lows of just over 10. Today, the index topped 39. Values above 35 are rare… » read more

  • Second Quarter 2015 Market Commentary

    The S&P 500 returned 1.2% for the first half of the year. Energy languished while Healthcare, particularly Biotech, continued to be the best performing sector. The Utilities Sector, 2014’s best performer, is so far the laggard of 2015, returning -10.7%. Growth outperformed Value and Low Quality outperformed High Quality. This outperformance of growth and lower… » read more

  • This Holiday Season…

    We are honoring our friends and clients with a unique investment. As you know, we are passionate about building and preserving capital. We know that capital well invested can be a powerful force for good. So this holiday season, we’re making an investment in your honor that we believe will yield meaningful returns for generations… » read more

  • MLPs can Survive Cheap Oil

    The recent fall of oil prices has led some pundits to express concerns over the sustainability of the US shale oil revolution. With West Texas Intermediate Crude (WTI) falling below $70, many marginal drilling projects become uneconomic. A prolonged period of low oil prices would also negatively impact the midstream sector – pipelines and other… » read more

  • NY Times features Paul Comstock Partners

    In the NY Times article “Focusing on the Human Element of Estate Planning,” Alison Moss of Paul Comstock Partners details the benefits of purposeful estate planning. Read the full article here.

  • Alison Comstock Moss Honored With the 2014 Five Star Wealth Manager Award

    Five Star Professional is pleased to announce Alison Comstock Moss, Paul Comstock Partners, has been chosen as one of Houston’s Five Star Wealth Managers for 2014. Five Star Professional partnered with Texas Monthly to recognize a select group of Houston region wealth managers who provide quality services to their clients. Alison Comstock Moss will be… » read more