Quarterly Letter: The Political Limits of Growth
By Avi Deutsch October 10, 2025 – As I write this, the U.S. government remains shut down as Congress once again fails to agree on a path to keep the government funded. Government shutdowns have been a feature of American politics since the 1980s, but they have been increasing in frequency and length. The last […]
The Client-First Revolution: How Robertson Stephens Sets a New Fiduciary Standard for Advisors and Investors
Robertson Stephens COO Vikram Chugh shares how the firm is redefining fiduciary excellence through a true client-first approach. His insights highlight how putting clients at the center of every decision drives better outcomes for both advisors and investors. Read more in Advisorpedia.
Shutdown Day 10: Bonds Itchy, Equities Unfazed —October 10, 2025
Good morning, It is the 10th day of the government shutdown, and the bond market is beginning to feel it. With the flow of government data cut off, the information vacuum is widening just as the next Fed meeting (October 29) comes into view. For a data-dependent Fed, the cut-or-no-cut question becomes harder to answer […]