Welcome to Joel Isaacson & Co.
Joel Isaacson & Co. LLC is a leading independent wealth management firm in New York City—with the knowledge and resources to plan for whatever our clients need. For almost 20 years, we have been providing comprehensive fee-only wealth management services to our clients. Our independence means our clients’ interests always come first. We are not attached to any big institutional firms so we are able to maintain our objectivity at all times to provide our clients with the best possible advice to help them achieve their personal and business goals.
Our difference: A unique combination of sophisticated planning, investment management and highly integrated tax strategies set Joel Isaacson & Co. apart from our competition.
The benefits to our clients are clear: We provide long-term, innovative wealth management and unparalleled personal service, year after year, from generation to generation.
Joel Isaacson & Co. is registered as an investment adviser with the Securities and Exchange Commission.
Fueled by continued Fed support and positive signs on the economy, including housing and corporate profitability, U.S. stocks posted their best first quarter since 1998, with the S&P 500 Index gaining 10.6%. Developed foreign stocks were held back by Europe and only posted a 3.8% gain for the quarter. Emerging markets lost 3.5% amidst signs of economic slowing in key countries. Meanwhile, the broad bond-market index was nearly flat.
The U.S. stock market shrugged off government spending cuts (sequestration) without much drama in the first quarter. How and when we deal with the issue of our growing deficit remains a major unknown. What we do know is that these challenges cannot be resolved without spending less and/or taxing more, resulting in an economic headwind. Most experts agree the Fed has no immediate plans to tighten its stimulative policies. However, there is significant uncertainty as to the medium to long term consequences of these policies and whether the Fed’s exit plan will be executed successfully. As the economic recovery approaches four years old, it seems to be in a “two steps forward, one step back” pattern. Most indicators point to a similar pattern continuing for the markets as well, with significant cash still on the sidelines, bond markets seemingly offering little upside and equities comparatively attractive. Investors should continue to be prepared for the requisite bumps along the road, whether provided by normal market gyrations, geopolitical events or of the self inflicted variety, courtesy of our elected officials in Washington D.C.
Spring 2013