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 our clients’ needs. For over 20 years, we have been providing comprehensive fee-only wealth management services to our clients. Our independence means that our focus is clearly on our clients’ best interests. We are not attached to any big institutional firms and we maintain our objectivity at all times to provide our clients with our 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 truly individualized personal service, year after year, from generation to generation.

Joel Isaacson & Co. is registered as an investment adviser with the Securities and Exchange Commission.

FT_300_Advisers_Logo_2015-2Joel Isaacson & Co., LLC Named to 2015 Financial Times 300 Top Registered Investment Advisers
Joel Isaacson & Co. is pleased to announce that it has been named to the Financial Times 300 Top Registered Investment Advisers, as of June 18, 2015. The list recognizes top independent RIA firms from across the U.S. Read More



Isaacson Update & Special Reports

Market Update August 2015

As global equities have fallen sharply over the past week no region, sector or style has been spared. As many major equity indices are now off 10% or more from their recent highs (technically denoting a “correction”) U.S. equities are faring better than international equities. Hong Kong, Indonesia and Taiwan, among other emerging markets, have entered “bear market” territory (a sell off of more than 20%). With some currency investors seeking the relative stability of U.S. Treasuries, the yield on the 10 year treasury is now hovering around 2%.

Recent headlines point to multiple factors contributing to the recent market drawdown and “risk off” trading inclination. Perhaps the most significant driver has been data coming out of China, the world’s second largest economy. The data is pointing to a material slowdown in economic activity, greater than initially anticipated.

The price of oil has continued its selloff as well. Oil has declined over 55% since its August, 2014 high and is trading at its lowest point in over six years. The selloff has primarily been driven by global oversupply; however, with China’s economy slowing there is now the additional factor of reduced demand driving prices down further.

In the U.S., predicting what the Federal Reserve will do with regards to interest rates, particularly in light of this recent global selloff, only adds to uncertainty for the markets. Prior to the current selloff, U.S. economic data has been steady but not spectacular. Employment numbers continue to strengthen as the economy approaches fuller employment. Housing continues to be strong across the nation. Consumer spending has been solid and should only benefit from the further decline in energy prices. Second quarter earnings were quite good, with 7 out of 10 companies beating expectations. Most economists have continued to forecast a strong second half to the year.

During times like these, it is important to keep things in perspective and rely on our collective experience as long term investors. Sometimes as investors can have short term perspectives. Volatility is and always will be a part of investing. Global equity markets have been on a strong run for over six years as they have more than recovered from the financial crisis. The U.S. equity markets have not experienced a 10% correction in over four years. That being said, during 2013, when the S&P 500 returned almost 30%, there was a drawdown of 5.8% at one point during the year. Similarly, in 2014, there was a drawdown of 7.4% during a year in which the S&P 500 finished up 11.4%. Looking back over many decades, equity markets average a 10% drawdown approximately once per year, taking on average eight months to recover.

As we have always maintained, investing is a long term process. Determining an appropriate goal focused asset allocation with properly diversified across multiple asset classes, is the key to producing long term success. Panic selling, or otherwise trying to time the market, has proven to be a losing strategy. Please do not hesitate to contact your Joel Isaacson & Co. advisory team at any time to discuss your individual situation.