GAME OF DRONES
The drone revolution has finally entered the American psyche. In fact, in late-December, the Federal Aviation Administration revealed that they have chosen several sites in a number of states to test unmanned drones in order to integrate them into our national airspace. The climate has certainly changed and unmanned aerial vehicles, or drones - will be written by professional journalists, who offer a fresh perspective and an objective eye that will give you a well-rounded look at big topics. Our reporters L.A. Rivera, Amy Armstrong and Monica Link have chronicled a story dubbed, “Year Of The Drones,” which looks into the future of drones in America.
The drone revolution has finally entered the American psyche. In fact, in late-December, the Federal Aviation Administration revealed that they have chosen several sites in a number of states to test unmanned drones in order to integrate them into our national airspace. The climate has certainly changed and unmanned aerial vehicles, or drones - will be written by professional journalists, who offer a fresh perspective and an objective eye that will give you a well-rounded look at big topics. Our reporters L.A. Rivera, Amy Armstrong and Monica Link have chronicled a story dubbed, “Year Of The Drones,” which looks into the future of drones in America.
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Investing for Those Under 50<br />
by judy magness<br />
Clarendon – a vibrant Arlington,<br />
Virginia neighborhood<br />
– filled with shops, bars, and<br />
restaurants typifies the convenient,<br />
family friendly atmosphere desired<br />
by Washington D.C.’s young professionals.<br />
CNN Money ranked Arlington<br />
in the top ten “Best Places for the<br />
Rich and Single” listing. Clarendon<br />
Capital Management, LLC (CCM),<br />
founded by Carlos Sava, is on target<br />
for catering to exactly that younger, under-50 Clarendon<br />
crowd. For them, Sava’s strategy focuses on income instead<br />
of existing wealth, differentiating his firm from other investment<br />
advisory firms.<br />
Sava noted, “We see young lawyers, IT and consulting<br />
professionals, and entrepreneurs as an under-served market,<br />
without sufficient wealth to meet the minimums of those<br />
firms. Confident they will get there over time, CCM is happy<br />
to get involved early, because they have a long investment<br />
horizon.” Speaking to his long-term strategy, Sava said,<br />
“Our investment approach is a very patient one, with longer<br />
holding periods than most firms.”<br />
Sava discussed CCM’s unique approach, including advantages<br />
of separately managed accounts over mutual funds<br />
and their commitment to total transparency.<br />
“Unlike mutual funds, our clients can see their investments.<br />
People had accounts with Bernie Madoff, but nobody<br />
knew what was in them,” said Sava. “And just as important<br />
is transparency about fees, commission charges and expenses.<br />
These are sometimes still buried and clients don’t see all<br />
the charges associated with their investment account,” he<br />
said. “We’re not in favor of that at all. It’s very damaging<br />
and certainly not transparent.” The firm’s clients don’t pay<br />
any sales or load fees, nor are there any penalties for withdrawing<br />
funds within a certain time period.<br />
CCM develops a strategic asset mix of stocks along with<br />
fixed income, cash equivalents and alternative investments<br />
to fit each client’s goals.<br />
“Those under 50 must balance spending to handle life<br />
changes such as buying a home and starting a family, while<br />
also saving for retirement,” reasoned Sava. “There’s a lot of<br />
financial pressure on this age group – and we are here to<br />
help them.”<br />
www.clarendoncapitalmanagement.com<br />
THE SUIT MAGAZINE - AUG / SEPT 2013
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