Business Partner Spotlight: Mill Creek Capital Advisors
Our partners at Mill Creek Capital Advisors are a trusted source of financial planning and investment services for MCSA. They offer:
- An Optimal Size for Personalized Attention
- Trust That’s Been Built on Organic Growth
- A Proudly Independent, Uniquely Client-Focused Environment
Explore how Mill Creek Capital Advisors can be the trusted advisor you seek to support the evolution of your wealth, financial planning, and investment needs. Learn more about their Q4 Outlooks and commentaries below.
2024 Quarter 4 Outlook:
Deficits, Debt, and Inflation
In the lead article, Chief Investment Officer Michael Crook provides an in-depth analysis of the unsustainable U.S. fiscal trajectory, emphasizing escalating debt, widening deficits, and the growing burden of entitlement liabilities (page 1). This is followed by a detailed overview of our tactical perspectives (page 5) and a comprehensive review of fourth-quarter market developments (page 6). To conclude, we feature an insightful private credit spotlight from Nora Pickens, Principal of Investment Strategy (page 7).
Staying Steady Amid the Election Frenzy
Our view is that elected officials, our political institutions, and policy decisions matter for investors. All three will have an impact on our investment decisions. Most of next year will be focused on negotiating modifications and extensions to the 2016 Tax Cuts and Jobs Act, which expires at the end of 2025. We can afford a wait-and-see approach to what is prioritized in DC post-election.
Read the full article from Mill Creek Capital Advisors here!
Private Credit: Is the Juice Worth the Squeeze?
In this publication, Nora Pickens, Partner, Investment Strategy, analyzes the risk and return profile of private credit versus public fixed income markets. While private credit offers higher potential returns due to its illiquidity and long-term holding strategy, it demands careful risk management. The starting yield is the primary factor driving returns. Historical data indicates that lower-rated debt (B and CCC) often fails to justify its higher risk, leading to significant losses during economic downturns.
If you’re interested in reading more about the likelihood of unlikely events, the Mill Creek article can be found here!
About Mill Creek
Since 2006, Mill Creek Capital Advisors has led wealthy individuals, families, and institutions toward the legacy they seek, earning trust, building confidence, and remaining committed to doing what’s best for each client we serve.
Mill Creek has not expanded through acquisition; we believe our growth story is a testament to the trust we’ve earned from the clients we serve. This type of organic growth underscores our dedication to a client-first approach, differentiating ourselves as a leader in wealth and investment management for discerning families and institutions.
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