Volume 13: 3rd Quarter 2010
Panorama: Emerging Market Debt
Concerns over mounting debt and declining credit quality in the developed world are everywhere these days.Whether you pick up your local newspaper to find headlines over distressed municipalities or turn on CNBC… More»
Financial Reform Legislation Signed into Law
On July 21, 2010 President Barack Obama signed into law the Dodd-Frank Wall Street and Consumer Protection Act, the most sweeping financial industry reform legislation since the Great Depression… More»
The Misnamed "Bond Market"
When one thinks of the term "market," the dominant image is a centralized physical area where multiple buyers and sellers congregate to exchange goods and services… More»
Classic Cars Invade Pebble Beach
What began in August of 1950 as a small car show next to the Lodge at Pebble Beach golf course has evolved into a week-long extravaganza of motoring events dominating the Monterey Peninsula… More»
From the Editor: If you have any questions, comments, or suggestions for Spectrum, you may contact the editor or call 415-364-4392.
Disclaimer/Disclosure: First Republic Private Wealth Management encompasses First Republic Investment Management ("FRIM"), First Republic Trust Company ("FRTC") and First Republic Securities Company, LLC ("FRSC"), Member FINRA/SIPC. FRIM is a SEC Registered Investment Advisor. This document is for information purposes only and is not intended as an offer or solicitation, or as the basis for any contract to purchase or sell any security, or other instrument, or to enter into or arrange any type of transaction as a consequence of any information contained herein. All analyses and projections depicted herein are for illustration only, and are not intended to be representations of performance or expected results. The results achieved by individual clients will vary and will depend on a number of factors including prevailing dividend yields, market liquidity, interest rate levels, market volatilities, and the client's expressed return and risk parameters at the time the service is initiated and during the term. Past performance is not a guarantee of future results. Investors should seek financial advice regarding the appropriateness of investing in any securities, other investment or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Although information in this document has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness, and it should not be relied upon as such. This document may not be reproduced or circulated without our written authority. The investment services and products mentioned in this document may often have tax consequences; therefore, it is important to bear in mind that FRIM does not provide tax advice. The levels and bases of taxation can change. Investors' tax affairs are their own responsibility and investors should consult their own attorneys or other tax advisors in order to understand the tax consequences of any products and services mentioned in this document. Products and/or services offered by First Republic Securities Company, LLC, and First Republic Investment Management are not deposits or obligations of, or insured, guaranteed or endorsed by any bank, Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency, entity or person. The purchase of securities involves investment risks including the possible loss of principal.