• Poster Child for the ETF Revolution

    While the record flows of investor capital into index funds and ETFs provided good returns during the bull market of the past few years, we remain concerned that much of the outperformance of passive strategies vs active managers was driven by fund flows into these products indiscriminately bidding up the prices of the more thinly… » read more

  • Alison Comstock Moss quoted in NY Times Article

    In the NY Times article “Getting Married? Forget Sweet Nothings; Let’s Talk About Money,” Alison Comstock Moss of Paul Comstock Partners stresses the importance of sound financial advice in marriage. Read the full article here.

  • Last Week’s FERC Ruling Illustrates the Current High Level of Negative MLP Sentiment

    The Federal Energy Regulatory Committee (FERC) provided another hit to already exhausted MLP investors with its announcement Thursday that it would remove tax allowances from its rate calculation for certain pipelines using an older ‘cost-of-service’ formula. FERC formerly allowed MLPs, which do not pay corporate income tax, to include a tax adjustment on the rates… » read more

  • Not nearly as bad as we feared

    Only when the tide goes out do you discover who’s been swimming naked. – Warren Buffett Over the past few quarters, we have expressed concern that this multi-year period of low volatility had created the potential for a structurally driven market decline analogous to those experienced in 1987 or 1998. The catalyst of this potential… » read more

  • What does the tax cut mean for the economy?

    The current tax reform looks to provide a near-term boost to the US economy. A family earning the median household income of $59,000 per year should see a reduction of taxes totaling approximately $1,000. Taxpayers earning between $75K and $100K would see an average tax reduction of $1600[1]. The size of the tax cut is… » read more

  • Election Day and the Markets

    In Comstock’s Third Quarter Market Commentary, our Chief Investment Officer, Steve Browne, CFA, provided insight as to the impact election years have had on the markets.  If you could go back to the beginning of any election year and ask: Had I known the outcome, would there have been easy money to make picking stocks or timing… » read more

  • Special Needs Trusts – It’s Not One Size Fits All

    We invite you to join us Thursday, June 16, 2016 from 11:30am – 1:00pm at Ouisie’s Table for a discussion with experts on how to utilize special needs trusts. The panel includes Jennifer Dantzler, Executive Director, Including Kids, Inc., and Kelley Bentley, Board Certified Estate Planning and Probate Attorney, Roberts Markel Weinberg Butler Hailey PC. The importance of carefully drafted special… » read more

  • Money Market Fund Reform

    Beginning in October, the values of some money market funds will begin to fluctuate with changes in market value rather than be fixed at $1.00. Additionally some will be required, under certain circumstances, to place redemption penalties and limitations on withdrawals.  You will likely be receiving notices regarding this in coming weeks from your custodian…. » 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

  • 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