Fred DeBaets, Senior Fixed Income Analyst, Simon Heslop, Director of Asset Management and W. Bradford McMillan, Chief Investment Officer
Joshua Benet of Harvest Wealth Management in Waltham, Mass., says that weekly e-mail reports from senior fixed-income specialist Fred DeBaets of Commonwealth Financial Network provide him with a centralized, key source of information.
says that the Commonwealth Financial
Research team, which supports the efforts of the firm's 1,600 advisors, has been busy helping clients find opportunities in a low-interest-rate, slow-growth environment.
He joined Commonwealth nearly three years ago.
Before that, he worked in the fixed-income research departments at Morgan Stanley and Bear Stearns.
says questions about interest rates aren't likely to go away anytime soon.
"The Fed has stated its intention to keep interest rates low through mid-2013, but our belief is that rates will remain low for longer than that," he
"There is definitely potential for a QE3."
Instead of taking more credit risk to get higher yields, he
says, advisors might consider extending fixed-income portfolio durations into the seven-to-12-year range.
"By the time we land in a rising rate environment, those bonds will have much shorter durations anyway," he