Insights on the Economy & Markets Net Flows per Household in States that Legalized Sports Betting September 2024 There has been a consistent downtrend of assets deposited into brokerage accounts within the 25 US states and D.C. that have legalized sports betting between 2018-2023 quarterly for the subsequent 3 years post legalization.   Consumers may be trading [...]

The Importance of Transition Management This month marks the 4th anniversary of COVID impacting our lives. Fortunately, in many ways it seems like ancient history, as most of the societal restrictions have been lifted, we are free to gather with family and friends wherever we want, and many of the economic repercussions of COVID policies are beginning to normalize. [...]

"If one does not know to which port one is sailing, no wind is favorable." - Lucius Annaeus Seneca Companies hope that their employees can retire with dignity, but many of them can no longer afford to offer defined benefit plans. As a retirement plan sponsor, believing that Social Security can provide anything more than supplemental income in [...]

Purpose   Benchmarking is a way of life. Babies are benchmarked to national averages and assigned percentiles for height and weight. Children are graded and sorted based on the academic standards they meet relative to peers. Teenagers compete to exceed an overly complex and mostly unknown admission benchmark of a coveted university. And for many adults, annual job reviews [...]

"If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business." - Gary Cohn We have written before about the risks to passive investors when indexes become overly concentrated. Investors may think that they are well diversified when their index fund holds 500 or even 1,000 different stocks, but there are [...]

"No one has ever become poor by giving" - Anne Frank At Cornerstone, we are blessed to work for many not-for-profit organizations performing extraordinary acts every day to make the world a better place. We are equally thankful to serve the families and corporations that provide support for those institutions. One of the ways we seek to add [...]