Judging by the stock market, you’d never know that we were in the middle of a devastating hurricane season, several destructive global conflicts, and a tightly-contested presidential election. The market has been taking global instability in its stride, closing at a record high level on Monday. They key components of prosperity are in place, including a growing economy, a robust labor market, and plenty of investment dollars looking for opportunities. In this letter, we examine the economic outlook and also dive into a topic that is at the front our minds right now: asset custody. This is usually the part of our operation that clients don’t get to see. Since we are in the process of changing our custody partner, however, we have focused the spotlight on something that is normally behind the curtain.
Comments