Brad McMillan, CFA, CAIA, MAI

Brad McMillan, CFA®, CAIA, MAI, is chief investment officer at Commonwealth Financial Network®, member FINRA/SIPC, the nation's largest privately held Registered Investment Adviser–independent broker/dealer. As CIO, Brad chairs the investment committee and is the primary spokesperson for Commonwealth’s investment divisions. Brad received his BA from Dartmouth College, an MS from MIT, and an MS from Boston College. He has worked as a real estate developer, consultant, and lender; as an investment analyst, manager, and consultant; and as a start-up executive. His professional qualifications include designated membership in the Appraisal Institute (MAI), the CFA Institute, and the CAIA Association. Brad speaks around the country on investment issues and writes for industry publications, as well as for this blog.
Find me on:

Recent Posts

Memorial Day Reflections 2019

May 24, 2019

As we head into the Memorial Day weekend, I would like to take a moment to honor members of the U.S. military for their service and their sacrifice.

“In Flanders fields the poppies blow /
 Between the crosses, row on row . . .”
— John McCrae

Continue reading → Leave a comment

Threatening Thursday: Income and Spending

May 23, 2019

Yesterday, we started Wonderful Wednesday with the benefits of share buybacks. But Eeyore has not left the building. Today, we debut Threatening Thursday. Just as Wednesday will be the day to highlight good news that often goes unreported, Thursday will be about pending threats that are not on the radar—but should be.

Continue reading → Leave a comment

Wonderful Wednesday: The Benefits of Share Buybacks

May 22, 2019

I am starting a new feature on the blog: Wonderful Wednesday! Much of the commentary we see in the press—and certainly here—tends to focus on things that can go wrong and things we should worry about. You rarely see a story stating that everything is great.

Continue reading → Leave a comment

Cheating the Market—and How Not to Do It

May 21, 2019

About a month ago, I started a series of posts on my current personal project: beating the market. As noted then, I am quite humble about what I expect from this endeavor. On the whole, I would like to use it as a way to learn more about the market itself, forcing myself to think through various issues in a very difficult context. But then again, you never know. We might really figure something out. We shall see.

Continue reading → Leave a comment

Monday Update: Latest Economic Reports Reveal Mixed Results

May 20, 2019

Last week’s data was wide ranging, with an unusual mix of strong and weak results. This is a moderately busy week for economic reports, with a focus on the housing market, news from the Fed, and trends in business investment.

Continue reading → Leave a comment

Musings on Monaco

May 17, 2019

I just returned from spending the past week in Monaco on a Commonwealth conference trip. It was a stellar experience, per usual—our conference planners are the best of the best. Also per usual, getting out of my comfortable home environment has prompted a new level of reflection in me. In this case, I’ve been musing over affluence, income distribution, and what it means to be wealthy.

Continue reading → Leave a comment

What Lies Ahead for the Economy and Markets?

May 16, 2019

Thus far, it has been an eventful year. Markets were up substantially, pulled back sharply, and then bounced again. The economy was slow going into the year, picked up during the first quarter, and now may be slowing again. The political story has included the Mueller report, a China trade deal and then trade war, and Brexit (now postponed). Like I said, it has been an eventful year—and it is only May.

Continue reading → Leave a comment

Subscribe via E-mail

Crash-Test Investing
Commonwealth Independent Advisor

Hot Topics

Have a Question?

New Call-to-action

Conversations

Subscribe

Disclosure

The information on this website is intended for informational/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. Please contact your financial professional for more information specific to your situation.

Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets.

The S&P 500 Index is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks. All indices are unmanaged and investors cannot invest directly into an index.

The MSCI EAFE Index (Europe, Australasia, Far East) is a free float‐adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The MSCI EAFE Index consists of 21 developed market country indices.  

Third party links are provided to you as a courtesy. We make no representation as to the completeness or accuracy of information provided at these websites. Information on such sites, including third party links contained within, should not be construed as an endorsement or adoption by Commonwealth of any kind. You should consult with a financial advisor regarding your specific situation.

Member FINRASIPC

Please review our Terms of Use

Commonwealth Financial Network®