The Economy: Mixed Data Still Supports Improved Growth - March 2017 - March 2017 economic reports, which mostly reflect economic activity in February, continued
to point to prospects of improved growth over the course of 2017, but there are signs that growth in the first quarter may not be as strong as had been expected. The advance estimate of first quarter 2017 gross domestic product (GDP) growth will
be released on April 28. While both consumer and business confidence remain strong on prospects of growth-friendly policy changes, such as tax reform, infrastructure spending, and decreased regulatory burdens, the impact on consumer and business economic activity thus far has been mixed. Read More >
The Economy: Strong Run Of Economic Data Accelerates Growth - February 2017 - As they did in January 2017, February 2017 economic reports, which mostly reflect economic activity that occurred in January 2017, continued to support real gross domestic product (GDP) growth of about 2.5–3.0% for the first quarter of 2017, according to “NowCast” model estimates by the New York and Atlanta Federal Reserve Banks (Fed). A pace in this range would be ahead of the average growth rate of just over 2% seen since the end of the Great Recession. Read More >
The Economy: Economic Data Point To Improving Growth - January 2017 - Two-thirds of economic reports received in January 2017, which mostly reflect economic activity from December 2016 and early January 2017, met or exceeded consensus expectations. Expectation levels continued to edge higher in January, extending a trend in place since the November 8, 2016 U.S. presidential election. On the upside, reports on service sector sentiment, manufacturing sentiment, new orders for durable goods, vehicle sales, and employment were all notably better than expected. Read More >
The Economy: Growth Persists In The Third Quarter - December 2016 - Economic reports received in December 2016, which mostly reflect economic activity in November and early December 2016, were generally mixed relative to consensus expectations, which have moved higher since the November 8, 2016 U.S. presidential election. On the upside, reports on consumer sentiment, housing, and manufacturing were all notably better than expected. While not as timely as the data for November and early December, the revised estimate of 2016 third quarter gross domestic product growth (GDP), released on December 23, surprised to the upside .. Read More >
The Economy: Growth Accelerates In The Third Quarter, Again - November 2016 - Economic reports received in November, which mostly reflect economic activity in October and early November, generally exceeded expectations, as reports on manufacturing, consumer activity, and the housing market were all notably better than expected. While not as timely as the data for October and November, the revised estimate of 2016 third quarter gross domestic product growth (GDP), released on November 25, surprised to the upside, accelerating to 3.2% annualized growth from 1.4% in the second quarter, above economists’ consensus expectations of 3.0% and solidly above the initial reading of 2.9%. Read More >
The Economy: Growth Accelerates In The Third Quarter - October 2016 - Economic reports received in October, which mostly reflect economic activity in September, generally showed some bounce back after disappointing data last month. While not as timely, the first estimate of 2016 third quarter gross domestic product growth (GDP), released on October 28, surprised to the upside, accelerating to 2.9% annualized growth from 1.4% in the second quarter, above economists’ consensus expectations of 2.6% and well ahead of Federal Reserve (Fed) NowCast Models of 2.1% (Atlanta Fed) and 2.2% (the New York Fed). Read More >
The Economy: Disappointing September Data Lower Expectations - September 2016 - Economic reports received in September, which mostly reflect economic activity in August, broadly disappointed after signs of accelerating activity in the early part of the summer. Despite a weak month, data have continued to suggest stronger growth in the second half of the year after subdued real gross domestic product (GDP) growth of less than 1.5% in the first half of 2016. Read More >
The Economy: Pockets Of Strength In August Keep Q3 Growth Forecasts On Track - August 2016 - Economic reports received in August, which largely reflect economic activity in July, signaled the economy is on track to bounce back from the roughly 1% real gross domestic product (GDP) growth in the last three quarters. Data were consistent with possible GDP growth of 3–4% in the third quarter of 2016. Read More >
The Economy: Q2 GDP Disappoints, But June Data Top Expectations Overall - July 2016 - Economic data received in July, which largely reflect economic activity in June, broadly surprised to the upside throughout the month versus economists’ consensus estimates, possibly indicating a pickup in growth from the lackluster start to the year. As a result, the weekly reading of the Citi U.S. Economic Surprise Index, which measures the aggregate number of positive economic surprises relative to negatives and scales them by size and economic impact, crossed into positive territory in July for the first time since January 2015. Read More >
The Economy: Data Supportive Of Continued Growth But Reflect Pre-Brexit Environment - June 2016 - Economic data received in June and early July, which largely reflect economic activity in May and June 2016, generally beat lowered expectations, as the oil glut eased, the dollar weakened, and manufacturing stabilized. Consumer spending (70% of gross domestic product [GDP]) looked to be the big winner, with spending in the second quarter on pace to be among the fastest in 10–15 years, led by solid auto sales and an ongoing acceleration of online shopping at the expense of traditional mall-based retailers. Read More >
Camden Capital Named to 2016 Financial Times 300 Top Registered Investment Advisors - Los Angeles, June 2016 – For a second year in a row, Camden Capital has been named to the Financial Times 300 Top Registered Investment Advisors. The list distinguishes top independent registered investment advisory firms from across the U.S. Based on their assets under management, more than 1,500 pre-screened firms were invited to apply for consideration. Read More >
The Economy: Early Signs In May Of Potential Rebound From Winter Doldrums.. Again - May 2016 - Economic data received in May, which largely reflect economic activity in April, set a decidedly more positive tone than recent months, although signs of better growth prospects remain preliminary. A post-winter rebound in economic growth, should it occur, would be the sixth in the seven full years of the post-recession expansion. Read More >
The Economy: U.S Economy Muddling Through, But Headwinds May Be Fading - April 2016 - Economic data received in April, which largely represent economic activity in March, continued to point to an economy in little danger of falling into a recession, but also still experiencing below-trend growth. The initial estimate for first quarter 2016 real gross domestic product (GDP) growth came in at an annualized 0.5%, bringing the year-over-year growth rate to 1.9%. Read More >
The Economy: Slow But Steady U.S Economic Growth - March 2016 - U.S. economic data released in March, which largely capture economic activity in February, pointed to fairly steady but below-trend economic growth in the U.S. Nevertheless, the overall picture of the economy strengthened based on substantial improvement in market-based indicators of economic risk such as high-yield bond spreads and the level of the VIX Index. Read More >
The Economy: Strong Labor Market Supports Economic Expansion, Recession Odds Modestly Higher - February 2016 - Although the odds of a recession have doubled since the start of the year, to around 25–30% from 10–15%, we do not expect a recession to occur in 2016. U.S. economic data released in February, which largely capture economic activity in January, continue the recent narrative of a healthy labor market and a stable U.S. consumer, offset in part by continued contraction in manufacturing. Read More >
The Economy: U.S Growth Slows As Economic Sectors Follow Diverging Paths - January 2016 - U.S. economic data released in January, which largely capture economic activity in December, continued to suggest a below-trend pace of growth in the U.S. Despite lackluster gross domestic product (GDP) growth in the fourth quarter of 2015 Read More >
The Economy: Fed Raises Rates For First Time In Almost 10 Years - December 2015 - U.S. economic data released in December, which largely capture economic activity in November, continued to suggest a moderate pace of economic growth for the U.S. economy. Taken as a whole, the data surprised modestly to the downside during the month, signaling something closer to the below-trend growth we have experienced Read More >
The Economy: Sharp Rise In Job Creation Surprises Market - November 2015 - November economic data, which mostly capture economic activity from October, continue to signal slow but steady growth by the U.S. economy. With labor markets continuing to improve, wage growth strengthening, and household wealth growing, the U.S. consumer remains strong. Read More >
The Economy: U.S. Growth Remains Stable Despite Headwinds - October 2015 - October economic data, which mostly capture September economic activity, came in at levels that broadly indicated that the economy continued to expand, but at a rate below its long-term trend. Economic reports on the whole were modestly weaker than expected, with downside surprises from several key housing reports providing the largest misses following strong data over the summer. Read More >
Camden Capital Names Rita Soto CPA, as Family Office CFO - Palm Beach, October 2015 – Camden Capital announces the appointment of Ms. Rita Soto CPA, as Family Office CFO. Ms. Soto has over twenty-five years of experience in providing financial, accounting, tax and family office solutions to closely held companies and high net worth individuals. Read More >
The Economy: U.S. Data Moderate But Remain Expansionary - September 2015 - Economic reports received in September, which are largely based on economic activity in August, reflected steady overall U.S. economic activity and a healthy consumer, but with moderating strength in the labor market and greater weakness in the manufacturing sector, as a strong dollar and declining capital expenditures in the energy sector continued to take their toll. Some of the weakness in August can be viewed as payback from stronger July data, but structural factors also played a role. Read More >
The Economy: U.S. Growth Holding Steady After Q2 GDP Revised Upward To 3.7% - August 2015 - Economic reports received in August, which are largely based on economic activity in July, continued to support steady U.S. economic growth despite headwinds from a strong dollar, cutbacks in capital expenditures in the oil patch, and slower growth in emerging markets. Including the August revision of second quarter gross domestic product (GDP) data from 2.3% to 3.7%, the U.S. economy grew 2.7% over the last four quarters. Read More >
Camden Capital Named to 2015 Financial Times 300 Top Registered Investment Advisors - Los Angeles, June 2015 – Camden Capital is pleased to announce it has been named to the Financial Times 300 Top Registered Investment Advisors. The list recognizes top independent RIA firms from across the U.S. Based on their assets under management, more than 2,000 elite RIA firms were invited to apply for consideration. Read More >
Camden Capital Names Monica Van Tassel, Director - Palm Beach, June 2015 – Camden Capital announces the appointment of Ms. Monica Van Tassel as Director. Ms. Van Tassel has over fifteen years of investment industry experience advising business owners, entrepreneurs, foundations and high net worth families on wealth management, legacy planning and family office matters. Read More >
John M. Krambeer Recognized as 2015 Top Advisor by Barron’s - Los Angeles, February 2015 – For a second year in a row, CEO and Founder, John M. Krambeer has been distinguished by Barron’s as one of America’s Top Financial Advisors. The publication recognizes financial advisors that represent the top one percent of advisors who have substantial and well-managed practices located in the United States. Read More >
Kara S. Boccella Named Managing Director - Los Angeles, August 2014 – Camden Capital announces the appointment of Ms. Kara S. Boccella as managing director and Ms. Devon M. Galindo as client relations associate. Ms. Boccella has twenty-five years of experience advising legal professionals, business owners, entrepreneurs and high net worth families on wealth management, legacy planning and family office matters. Read More >
Florida Office Welcomes Jayson J. Brown - Palm Beach, March 2014 – Camden Capital announces the appointment of Mr. Jayson J. Brown as Director. Prior to joining Camden Capital, Mr. Brown was one of the top investment consultants at TD Ameritrade where he implemented investment solutions for affluent families. Read More >
Constantine S. Hatzivassiliou Joins Florida Office​ - Palm Beach, February 2014 – Camden Capital announces the appointment of Mr. Constantine Hatzivassiliou as Managing Director. Mr. Hatzivassiliou advises affluent individuals, families and institutions, as well as their respective trusts, estates, foundations and endowments on all wealth management and family office related matters. He works closely with his clients’ tax and legal professionals. Read More >
CEO Recognized as 2014 Top Advisor by Barron’s - Los Angeles, February 2014 – CEO and Founder, John M. Krambeer was recently distinguished by Barron’s as one of America’s Top Financial Advisors. The financial publication recognizes financial advisors that represent the top one percent of advisors who have substantial and well-managed practices located in the United States. Read More >
Camden Capital Welcomes Monte I. Resnick - ​Palm Beach, September 2013 – Camden Capital announces the appointment of Mr. Monte Resnick as Managing Director. Mr. Resnick is establishing the firm’s wealth management business throughout Florida. He is actively involved in portfolio management selection as a member of the firm’s Investment Committee. Read More >
13th Fastest Growing RIA Firm - Los Angeles, July 2013 – Camden Capital was recently named the 13th Fastest Growing Registered Investment Advisory Firm by Financial Advisor Magazine. The high net worth wealth management firm attributes its success to providing superior client service and world-class investment access. Read More >
Florida Office Opened - ​Palm Beach, April 2013 – World-class wealth management provider, Camden Capital, announces the opening of its Florida office in North Palm Beach, Florida. Located in Golden Bear Plaza, the expansion into Florida is consistent with Camden's strategy to offer high net worth individuals unique access to investment products through seasoned wealth management professionals throughout the country. Read More >
Rich P. Bursek Joins as Partner - Palm Beach, October 2012 – Camden Capital announces the addition of Rich P. Bursek as Partner. Prior to his arrival at Camden, Mr. Bursek was the Chief Operating Officer of a wealth and trust business with offices throughout Florida. Read More >
Gary T. Nicklaus Appointed to the Board - Palm Beach, July 2012 – Camden Capital announces the appointment of Gary Nicklaus to the Board of Directors and has been named Partner of Camden Capital. Mr. Nicklaus has been the Vice Chairman of the Board of the Nicklaus Companies since 2009. Read More >
Founder Highlighted in Registered Rep. - Los Angeles, July 2010 – John M. Krambeer is highlighted in Cheryl Munk’s article Advisors in Transition and Client Communication Strategies, which was distributed in the July issue of Registered Rep. Magazine’s practice management e‐newsletter. Read More >
New Breakaway Clients Seek Camden Capital - Los Angeles, July 2010 – John M. Krambeer is featured in Registered Rep. Magazine in an article titled “The New Breakaways: Clients.” The article discusses the recent growth in Registered Investment Advisory firms, as investors have departed from the wire‐house brokerage model and have put their trust in independent advisory firms. Read More >
Ranked 33rd In Annual Top Dogs Report​ - Los Angeles, August 2008 – Camden Capital has been recognized as the No. 33 Top Advisory Firm in Wealth Manager magazine’s 2008 Top Dogs ranking, its eighth annual ranking of America’s top wealth managers. Read More >
Moving Up Two Spots In Annual Top Dogs Report​ - Los Angeles, August 2007 – Camden Capital has been recognized as the No. 41 Top Advisory Firm in Wealth Manager magazine’s 2007 Top Dogs ranking, its seventh annual ranking of America’s top wealth managers. Read More >
Founder Joins Schwab Advisory Council - San Francisco, June 2007 – As increasing numbers of advisors choose to leave traditional financial services companies and start independent firms, Schwab Institutional has created a new advisory council designed to help ensure that transitioning advisors’ needs are being met. Read More >
Mark H. Udis Joins as Director - Los Angeles, December 2005 – Camden Capital is pleased to announce that Mark H. Udis, who formerly worked in corporate finance on the East Coast, has been named Director of the company. Read More >