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.
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Recent Posts

From Deficit to Debt to Disaster?

July 20, 2018

In recent posts, we have looked at the deficit over the next 10 years, according to the nonprofit Congressional Budget Office (CBO), and the debt over that same period. Now, we are ready to take a look at what that problem might mean for us as a country. It is certainly a problem, but is it solvable? And if so, what would it take to solve it?

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From the Deficit to the Debt

July 19, 2018

Last week, we talked about the deficit, including how it is at unsustainable levels and how it is expected to get worse (much worse) over the next several years. What we left open was when and how the deficit actually turns into trouble.

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What Does Chair Powell’s Testimony Mean for the Markets?

July 18, 2018

We are nearing the end of the regular semiannual testimony by the chair of the Fed, Jerome Powell, in front of Congress. Yesterday, he spoke to the Senate and today he is speaking to the House. As the most influential economic official in the world, what Powell says carries real weight.

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What Should an Investor Take from This Blog?

July 17, 2018

The other day I got an excellent question from a reader (below), which really cuts to the core of what I am trying to do here. I was going to respond to her directly, but then I decided it was such a good question that it deserved a post of its own.

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Monday Update: Inflation Continues to Rise

July 16, 2018

Last week’s data was primarily about prices, although we closed with a look at consumer confidence. The week ahead will be a busy one for economic news, with wide-ranging reports. We’ll also get testimony before Congress from Fed Chair Jerome Powell, which should shed some light on how the Fed is likely to react to rising inflation.

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How Big of a Problem Is the Deficit?

July 13, 2018

One of the important concerns we face today is the deficit. Although it has been overshadowed recently by the headlines on trade, it is actually a potentially bigger problem and is definitely a more certain one. As such, we need to take a look at exactly what the problem is, what it could mean to our investments, and perhaps most important, whether the problem is solvable—or not.

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Monthly Market Risk Update: July 2018

July 12, 2018

Market risks come in three flavors: recession risk, economic shock risk, and risks within the market itself. So, what do these risks look like for July? Let’s take a closer look at the numbers.

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Upcoming Appearances

Tune into CNBC's Power Lunch on Friday, July 20, at 2:15 P.M. ET to hear Brad talk markets. 

Tune into Bloomberg Radio on Tuesday, August 7, at 4:15 P.M. ET to hear Brad talk markets. 


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