How can you effectively build your wealth?
Let’s Talk Wealth™
The Shufro-Glass Group
How can you effectively build your wealth?
Let’s Talk Wealth™
The Shufro-Glass Group
Not sure how to safeguard your wealth?
Let’s Talk Wealth™
The Shufro-Glass Group
Want to teach your children how to manage their wealth?
Let’s Talk Wealth™
The Shufro-Glass Group
Unsure how to use your wealth to establish your legacy?
Let’s Talk Wealth™
The Shufro-Glass Group
Our Mission
We strive to empower our clients with elevated conversations, thoughtful financial advice, and creative solutions to define their dreams, refine their goals, and ultimately enrich their lives beyond wealth.
Our Clients
Almost nine decades of working with families has taught us that wealth has a unique meaning to everyone we meet, shaped by personal experience and influenced by the goals they set. What does it mean to you? Do you want to…
Plan for your children’s education?
Contribute to your community?
Establish a secondary residence?
Ensure your legacy?
Prepare for retirement?
Get help managing the wealth you’re accruing?
The GPS Method
GOALS MEETING
We start with an elevated conversation that empowers you to define and refine your goals. These do not have to be purely financial. By articulating your dreams aloud, they become concrete and actionable. We can then accelerate the realization of those goals during the next part of the process.
PLANNING PROCESS
We will explore your current financial resources, expenses and income together, along with your retirement accounts, estate planning, and taxes. Ranging from self-directed tools to a high-touch, white-glove service, the structure of our financial planning will depend upon your individual needs.
STRATEGY MEETING
Finally, we design your strategy for moving forward together. We implement elevated investment strategies, agree upon asset allocation, and develop vehicles that best suit your financial goals and needs. Once underway, we will monitor your progress and make tactical adjustments in response to the opportunities and obstacles that we encounter along the way.
Investment Insights
Our Market Commentaries
Rate Cuts and Deficits and Elections, Oh My!
2024 3Q
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U.S. large-cap stocks gained 5.9% during the third quarter while U.S. small caps rose 9.3%. The Bloomberg U.S. Aggregate Bond Index had its best September since 2003.
The Federal Reserve cut interest rates by 50 basis points, and it is expected to cut another 50 basis points before year end.
The U.S. Treasury’s fiscal year ended in September with a $1.9 trillion deficit, the largest ever in a non-recession year.
Investors face ambiguity around interest rates, the growing deficit, and upcoming elections, requiring nuanced vigilance in portfolio construction.
Status Quo
2024 2Q
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U.S. markets delivered mixed results in the second quarter. Large cap stocks climbed 4.3% while small cap stocks declined by 3.3%. Bonds ended the quarter up 0.1%.
Despite market and Fed expectations for at least one interest rate cut this year, U.S. inflation remains above the Federal Reserve’s 2% target.
A handful of mega-cap technology stocks have contributed to most of the S&P 500’s year-to-date gains as market breadth remains narrow and tech sector valuations are at the high end of historical ranges.
The fiscal situation remains precarious, as evidenced by a notable lack of fiscal responsibility in the recent presidential debate, which suggests a persistent lack of budgeting restraint.
Despite these concerns, slowing growth and inflation appear to be enough to keep the bond market content, and yields remain relatively contained—at least for now.
The Fed’s Aim:
A New Bull’s Eye
2024 1Q
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Equity markets concluded the first three months of 2024 on a strong note as the S&P 500 achieved new all-time highs. The small cap Russell 2000 ended March at its highest level since January 2022.
With inflation remaining persistently above its stated 2% target, the Fed’s position may be shifting, and it seems more willing to tolerate these higher levels.
Ongoing unchecked fiscal spending is driving up the federal deficit and interest costs.
If inflation stays higher and long-term bond yields remain under control, higher equity valuations may be sustained, but persistently high interest rates may continue to challenge the interest-rate-sensitive areas of the market.
Market Commentaries Archive
Balancing Act
2023 4Q
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Drained
2023 3Q
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The Running of the Bulls
(and Bears)
2023 2Q
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Financial Planning
During the Planning Process, we will explore your current financial resources, expenses and income, along with your retirement accounts, estate planning and taxes. Ranging from self-directed tools to a high-touch, white-glove service, the structure of our financial planning will depend upon your individual needs.
Our Financial Planning Services
Retirement/Income
Planning
Insurance
Planning
Estate & Legacy
Planning
Tax
Planning
Education & Generational
Planning
Financial Planning Insights
Reusable Water Bottles Might Not Scream “Financial Savvy,” But Think Again
How much effort does it take to carry a reusable water bottle? Very little. The potential payoff for this small, seemingly minor decision, however, is big. Saving $5 per day by carrying your own water bottle yields $1,825 per year.
529 Plans
A 529 Plan is an investment account that offers tax benefits when used to pay for qualified education expenses. Most states offer their own 529 savings plans, and you can choose other state plans without restrictions.
Donor-Advised Fund
A donor-advised fund (“DAF”) is a tax-efficient, easy to manage tool that allows you and your family to give to non-profit, 501(c)(3) organizations more effectively. Learn about the general details and benefits of using a donor-advised fund.
Mega Backdoor Roth
The mega backdoor Roth strategy offers a unique opportunity for high-income earners to enhance their retirement savings through their employer-sponsored plan. We encourage our clients to evaluate if this option is available. Learn more about how it works.
Our Team
Our thorough and thoughtful team explains planning and investment strategies in approachable ways so that every client can remain engaged in the financial process. By Let’s Talk WealthTM, we mean to empower our clients to speak about their financial goals and strategies with confidence.
Shufro Rose’s History
Founded in 1938, Shufro Rose has spent more than eight decades committed to putting clients first. We advise the fourth successive generation of many families on a wide range of financial decisions.
Our Community
Live Heroically. Plan Accordingly.
“We make a living by what we get. But we make a life by what we give.” – Winston Churchill.
In The Shufro-Glass Group, we truly believe in giving back to our community. And we encourage our clients to give back and support their own communities as well. There’s no better reward for doing well than doing good. We help establish Donor Advised Funds, Foundations, Charitable Remainder Trusts, and other vehicles that maximize the impact our clients have on their communities. Together, we can live heroically.
Shufro-Glass is proud to support the following efforts:
Andover Breadloaf
ARF – Animal Rescue Fund of the Hamptons
Behavioral Health News / Autism Spectrum News
Camp Dream Street, Mississippi
Child Center of New York
Dana-Farber Cancer Institute
Faces, NYU Langone Medical Center
Friends of the Truman Foundation
Jewish Center of the Hamptons
Jewish Family Service of MetroWest New Jersey
National Ability Center
National Parks Conservation Association
New York Yankees Foundation
U.S. Military Academy, West Point AIAD Program
Roosevelt House Public Policy Institute
Schools That Can
Veterans Leading Ventures
Resources
We are happy to provide tools you might find helpful. However, we are always available to answer any questions.
Contact Us
600 Lexington Avenue, 15th Floor
New York, NY 10022
Direct Phone: 212.754.5491
Email: shufro-glass@shufrorose.com