Beaumont Capital Management (BCM)
Articles by Beaumont Capital Management (BCM)
Beaumont Capital Management 3Q 18 Market Commentary
By David M. Haviland, Beaumont Capital Management “These rose colored glasses That I’m looking through Show only the beauty ‘Cause they hide all the truth” -John W Conlee Over the…
David HavilandManaging Partner, Portfolio Manager
Dave is the Portfolio Manager of the Beaumont Capital Managements (BCM) Investment Strategies as well as the Managing Partner heading BCM. He chairs the BCM Investment Committee and serves on the Beaumont Financial Partners, LLC (BFP) Asset Allocation and Investment Committees. His overall responsibilities include portfolio management, product creation, and ongoing business development.
Dave has worked in the financial industry for nearly three decades, beginning in 1986. He began his business career at the CIGNA Corporation and worked for several financial planning and advisory firms as an Investment Advisor. In 1993, Dave joined his father at H & Co. Financial Services, Inc. and in October 2000, under his management, Dave merged H & Co. into BFP. In 2009, Dave created the Exchanged-Traded Fund (ETF) management division, BCM.
Dave is a long-time member of the Financial Planning Associate and the International Association of Financial Planners. His advisory background has provided Dave with a unique perspective in managing the BCM Strategies. He is a graduate of Deerfield Academy and an honors graduate of the University of Vermont.
Brendan RyanResearch Analyst
Brendan's primary responsibility is as an Analyst for Beaumont Capital Management (BCM). Additionally, Brendan is a member of the BCM investment committees and is responsible for assisting with BCM trading and special projects as necessary. He currently holds the Series 65 securities license and is a CFA® Charterholder. Prior to joining the firm, Brendan had spent time working for Brown Brothers Harriman & Co. after receiving his B.A. in Economics from Boston College.
Denis RezendesResearch Analyst
Denis' primary responsibilities include being an analyst for BCM and serving on the BCM investment committee. Additionally, he is responsible for assisting with trading of the BCM strategies, operational support and special projects as needed. He currently holds the Series 65 securities license; and passed all three levels of the CFA Program and may be awarded the charter upon completion of the required work experience.
Prior to joining Beaumont, Denis worked for P-Solve and Boston Trust and Investment Management Company. He is a graduate of Babson College with a B.S. in Business Administration, with a concentration in Finance.
More Articles
The Impending Sector Reconfiguration to S&P 500 Index
By Dave Haviland, Portfolio Manager and Managing Partner I have spent the last several weeks travelling around the country visiting advisors and clients and speaking at events. At each meeting,…
Tech Sector Dominance: Is there an End in Sight?
By David M. Haviland, Beaumont Capital Management I am sitting here at my desk on another nice sunny July day. With the weekend fast approaching, motivation can be difficult to come…
BCM 2Q 18 Market Commentary
By David M. Haviland, Beaumont Capital Management My son Jamie was recently hiking in New Hampshire’s Presidential Range. Upon return, he remarked how beautiful and enjoyable the hike was, but he…
Learning to Fly: The Difference Between Knowledge and Wisdom
By David M. Haviland, Beaumont Capital Management These days I do a lot of travel. I’m writing this at 36,000 feet headed for Phoenix. I’d like to share a story about…
Is Your Investment Manager Only Doing Half the Job?
Do you own or use mutual funds, passive ETFs or strategic SMA managers? If so, in all likelihood, you are paying full fees for your manager to do only half…
Trade, Tariffs & Tirades: A Primer on What Has the Markets in a Dither
By David M. Haviland, Beaumont Capital Management The following is an excerpt from our 1Q18 quarterly market commentary: “Another contributing factor to the market’s froth has been the prospect of a global…
BCM 1Q 18 Market Commentary
By David M. Haviland, Beaumont Capital Management We have said it before, and we will say it again. 2017 was an anomaly. Now as we have seen bearish conditions in both…
How to Properly Select and Evaluate an Investment Manager
By David M. Haviland, Beaumont Capital Management Like clients, every advisor has a different level of knowledge of the due diligence process. Oftentimes advisors rely heavily on the due diligence efforts…
Are You Walking Into a TDF Trap?
By David M. Haviland, Beaumont Capital Management Few investment products currently garner more attention than target date funds. Launched 30 years ago, TDFs are the most common qualified default investment alternative…
Isn’t the Consumer Staples Sector Defensive?
By Denis Rezendes, Beaumont Capital Management In the past, the Consumer Staples sector has had a reputation for providing investors with the best of both worlds: market-like returns and defensive…
Policy Mistakes and their Economic Consequences
Now the Fed is Tapering QE… What Could Possibly Go Wrong? By David Haviland, Beaumont Capital Management The U.S. Federal Reserve Bank’s (Fed) policy mistakes (tightening too far and/or too fast)…
Does Risk Outweigh Reward? A Closer Look at Emerging Market, High Yield Debt
By Beaumont Capital Management For those who have owned high yield bonds and/or emerging market bonds in their portfolios over the last several years, congratulations! Don’t think you own these types…
Federal Debt Ceiling Looms Large… What it Means for Washington, Wall Street, Main Street
By David Haviland, Beaumont Capital Management Regardless of your political views, Washington is spending money at a pace usually “reserved” for times of war. The chart below shows the U.S. Government’s…
Perhaps Smart Beta, By Itself, Is Not So Smart
By David Haviland, Beaumont Capital Management This is a great chart from State Street Global Advisors showing how the 6 most common factors, often referred to as “Smart Beta”, have performed…
4 Simple Charts on Why You Should Consider International Exposure
By David Haviland, Beaumont Capital Management Today, our world shares a global economy. While the United States still has the largest economy with an $18 trillion Gross Domestic Product1 (GDP), many…
International Equities: Is It Time?
By David Haviland, Beaumont Capital Management Russia invades Crimea. China builds island bases in the South China Sea. North Korea launches ICBMs and tests its first nuclear weapons. Grexit. Brexit. South…
Back to the Future: Fed Normalization & What it Means for You
By David Haviland, Beaumont Capital Management On March 10,, we wrote about the size and makeup of the Fed’s balance sheet and our concern if it were to unwind. Little did…
2017: State of the Bond Markets
By David Haviland, Beaumont Capital Management Since 2009, bond purchases by the Fed have driven rates to historic lows. The money supply has ballooned. Primary liquidity of corporate bonds has been…
Emotions Should Have No Place in Investing…
…But they do! The investment industry often fails to remember that people invest their money to grow and that their investments become an extension of their ability to improve, or…
Questions a Fiduciary Must Be Able to Answer About Their Target Date Funds
In February of 2013 the U.S. Department of Labor (DOL) issued a Fact Sheet titled Target Date Retirement Funds – Tips for ERISA Plan Fiduciaries. The Fact Sheet’s purpose was…
This Time It’s Different When Looking for Investments
Whenever this phrase is uttered by the financial services industry, the markets always prove us wrong. Always. As a student of history, I’m often amazed by how much perspective we…
The Greatest Misconceptions About Active Management
Most Americans invest in mutual funds because they are seeking to grow their money. However, most investors also believe that an active manager will sell stocks to protect their investment…
ETF Factor Investing: Smart Beta Pursuing Alpha
By Beaumont Capital Management In the spectrum of investing from passive (index based) to active management there are no shortage of considerations. Passive tends to be cheaper and should deliver…
Deworsification…Caveat Emptor If You Seek to Minimize Losses Through Diversifiers Alone
Note: This article appears on the ETFtrends.com Strategist Channel By David Haviland One of the key tenets of Modern Portfolio Theory (MPT) is the ability to diversify a portfolio among varying…
Bonds Have Bear Markets Too, Remember?
Note: This article is part of the ETF Trends Strategist Channel Written by Beaumont Capital Management When looking back to examine what has happened to various investments in the past, we…
Using Total Return to Meet Your Clients’ Income Needs
Throughout the 1980s, 1990s and 2000s, many financial plans were constructed with the assumption that the portfolio could produce enough income to allow for 4 to 5% annual withdrawals during…
Tactical Investing: How to Avoid Reacting to Pullbacks
Breaking Down Pullbacks Pullbacks are a common occurrence in the equity markets. The upward trend is quickly reversed creating a shift that signals a slight pause in the upward momentum.…
A Momentum Based Approach to Business Cycle ETF Investing
In the 19th century, Scottish philosopher Thomas Carlyle coined economics “the dismal science”. Since then, this phrase has become a favorite of both economists and non-economists alike. Although the context…
ETFs: The What and The Why
Within the past decade, Exchange Traded Funds, commonly referred to as ETFs, have exploded onto the scene and are quickly becoming many investors’ go-to choice for index-like exposure. Similar to…